Clarifications issued by CBDT

Clarifications issued by CBDT: Trade advances, which are in the nature of commercial transactions would not fall within the ambit of the word 'advance' in section 2(22)(e) of the Act…read more →

GST Help Desk Contact Details

GST Help Desk constituted for addressing GST issues related to Foreign Trade Policy - GST Help Desk can be contacted over phone at 011-23063080 and over e-mail id gstcell-dgft@gov.inread more →

Final GST Rules on following published:

Final GST Rules on following published : Advance Ruling Authority Rules Formats Anti-Profiting Rules Appeal and Revision Rules Formats Assessment and Audit Rules Assessment Formats Audit Formats E-way Bill Rules…read more →

Analysis of Final GST Rules dtd. 18.05.2017

Analysis by Bizsolindia Analysis of Input Tax Credit Rules Analysis of Invoice Rules Analysis Valuation Rules Analysis of Payment Rules Analysis Registration Rules Analysis Composition RulesAnalysis of Refund Rules Analysis…read more →

Update from GSTN

GSTN CEO stated that the GSTN is equipped to handle 2.6 billion transactions every month from an estimated 8 million GST tax payers. It can scale up to handle double…read more →

As on Status of SGST Bill

State                                       Date SGST Bills passed Telangana                    April 17, 2017 Bihar                                      April 24, 2017 Rajasthan                             April 25, 2017 Jharkhand                            April 27, 2017 Presented SGST Bill in State…read more →

GST Rules released by CBEC

GST Rules released by CBEC: Input Tax Credit Rules Valuation Rules Transitional Rules Composition Rules Invoice Rules Payment Rules Registration Rules Refund Rules Return Rules Return Formats GSTR-9B ITC Mismatch…read more →

Analysis of GST Rules by Bizsolindia

Analysis by Bizsolindia Analysis of Input Tax Credit Rules Analysis of GST Valuation Rules Analysis of Transitional Provisions Rules Analysis of Composition Rules Analysis of Invoice Rules Analysis of Payment…read more →

GST council meeting 31st March

GST council meeting 31st March 1. GST rules on  registration, refund, returns, invoice -debit note and credit note have been approved 2. Further the drafts rules for input Credit, valuation,…read more →


No sooner political hurdles were out and consensus amongst the political party reach in the Rajya Sabha, 122nd Constitutional Amendment Bill, 16 states have immediately ratified 122nd Constitutional Amendment Bill…read more →

Analysis of Model GST Law

  Click here to see the Model Draft GST Analysis Click here to see the Analysis on Draft GST Valuation Rules Click here to see the Draft IGST Analysis Annexures…read more →

GST Update – February 2016

Sector Wise Impact Analysis in brief : Power Sector includes: Generation Transmission - Distribution Captive Power Plant Wind Mill Generation Solar Generation Non-Conventional Energy Nuclear Energy At present there is…read more →

GST Update – January 2016

It is stated that “Man Proposes & God Disposes”. In India each citizen is eagerly waiting for simplified Tax Reform, which will attract investment and also create an employment opportunity…read more →

GST Update – December 2015

Every Citizen of India is keenly waiting for outcome of winter session w.r.t. 122nd Constitutional Amendment Bill 2014. Each citizen is also hoping that political sense will prevail and economic…read more →

GST Update – October 2015

Monsoon Session was washed out (even though without raining) but on uproar of opposition party. Political Agenda have surpassed and was on the priority over National Agenda of most awaited…read more →

GST Update – September 2015

Even though Monsoon Session have become dry and no GST resolution was passed in Rajya Sabha due to chaos made by opposition, NDA Govt. is committed to introduce GST w.e.f.…read more →

GST Update – August 2015

Count down of introduction of new Era of GST seems to be started inspite of heavy stormy rains in Rajya Sabha and inspite no business was transacted in first week…read more →

GST Update – April 2015

Introduction Though 122nd Constitutional Amendment Bill 2014 has been tabled in the Loksabha (in the parliament), parliament could not discuss the same. Perhaps it will be discussed in forthcoming session.…read more →

GST Update – February 2015

Hon. Finance Minister Shri. Arun Jaitely have tabled 122nd Constitutional Amendment Bill in the Loksabha in the month of December 2014. Now, this is expected to discuss in Joint House…read more →

GST Update – January 2015

Hon. Finance Minister Shri. Arun Jaitely have tabled 122nd Constitutional Amendment Bill in the Loksabha. The Salient features of the same are given below: A new Article 246A is proposed…read more →

GST Update – December 2014

Hon. Finance Minister Shri. Arun Jaitely has expressed that he will be introducing the bill for GST in current winter session and likely to chair state FMs meet on GST…read more →

Is the Hydra harming the Tusker? (September 2015)

“It does not do to leave a live dragon out of your calculations, if you live near him.”                                                                                                          -         J.R.R. Tolkien (The Hobbit) I must mention, at the outset,…read more →

Bubble-Wrap: The Occidental vs The Oriental (August 2015)

“The enlightened ruler is heedful, and the good general full of caution.”                                                                                                                                                -Sun Tzu (The Art of War) It appears that the…read more →

Greece : A Greek Tragedy ! (July 2015)

“An avowal of poverty is no disgrace to any man; to make no effort to escape it is indeed disgraceful.”                                                                                                                                                                                -Thucydides Greece, right…read more →

Foreign Exchange Policy – A Map in the Labyrinth (February 2014)

“For all of its uncertainty, we cannot flee the future.”                                                                                                                                                                  - Barbara Jordan Treasury management is a treacherous task, at best. Treacherous not only for…read more →


SWACHH BHARAT CESS (SBC) FREQUENTLY ASKED QUESTIONS (FAQ) Background: Chapter VI (Section 119) of the Finance Act 2015 contains provisions for levy and collection of Swachh Bharat Cess (SBC). Now…read more →

Deemed Export Benefits (May 2014)

The terminology “Deemed export” has not been defined either in Central Excise Act 1944 or Customs Act 1962 and Rules made thereunder. But there is a separate chapter provided in…read more →