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FinMin seeks public comments on GST rules

Goods and Services Tax - GST - Dated:- 3-4-2017 - New Delhi, Apr 2 (PTI) The Finance Ministry today placed 8 set of rules in public domain, which will be applicable once the Goods and Services Tax (GST) is implemented from July 1. The government has sought comments from industry on the 4 set of new rules on - GST Composition, GST Valuation, GST Transition and GST ITC. These rules had received the tentative approval at the the GST Council meeting on March 31. Further, the Central Board of Excise .....

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ation of inter-state stock transfers and certain specific services, which currently enjoy lower service tax incidence such as airlines and insurance. This would now enable the industry in planning for the transition and process/technology related changes . Rajat Mohan, Director (Indirect Taxation) Nangia & Co said: With this, the government has made it clear that July 1, 2017 is the date for GST implementation . With regard to rules, Jain said that while it has been mentioned that declared i .....

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