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Monthly Archives: October 2017

Good News for Merchant exporters

EPCH hails GST notification to ease procedure for merchant exporters The Export Promotion Council for handicrafts has welcomed the Government’s decision to ease the procedure for merchant exporters. Handicrafts merchant exporters can now purchase the goods from registered suppliers by paying 0.1% GST and amount paid

Waiver on GSTR 3B late fees

In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017. The necessary software changes

IBBI essay competition win Rs 10000 know how….

Insolvency and Bankruptcy Board of India announces essay competition for students of higher education through Institutes of Learning. The Insolvency and Bankruptcy Board of India (IBBI), in its endeavour to create awareness about the insolvency and bankruptcy regime amongst the students of higher education, wishes

35% GST relief on leasing of vehicles

Leasing of vehicles purchased and leased prior to 1st July, 2017 would attract GST at a rate equal to 65% of the applicable GST rate (including Compensation Cess). New Delhi: 12 Oct, 2017, MOF- In order to provide relief to old/existing leases of motor vehicles,

GST Relief for jewellers

GST Relief for jewellers Government rescinds the Notification No. 4/2017 dated 23rd August, 2017 relating to Gems and Jewellery sector; Another notification will be issued separately in due course. The Government has received representations from various Associations in the Gems and Jewellery sector with respect to

Relief Package for Exporters

Relief Package for Exporters – Recommendations of the 22nd GST Council Meeting.             The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced