Page-9 of Goods and services tax Current Affairs, GK & News

Ajay Bhushan Pandey appointed as new interim Chairman of Goods and Services Tax Network (GSTN)

Ajay Bhushan Pandey, the CEO of Unique Identification Authority of India’s (UIDAI) has been appointed as interim chairman of the Goods and Services Tax Network (GSTN). He succeeded Navin Kumar, who completed his term on August 29. GSTN is a not-for-profit entity owned by the Centre, states and non-government financial institutions, and is responsible for ..

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New Delhi is hosting annual conference Rajaswa Gyan Sangam (RGS – 2017)

Prime Minister Narendra Modi has inaugurated the annual conference – Rajaswa Gyan Sangam (RGS-2017) in New Delhi on September 1, 2017. The conference is jointly organised by Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). The objective of the Conference is to enable a two-way communication between the ..

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Pradeep Kumar Sinha committee formed by GST Council to select members of National Anti-profiteering Authority (NAPA) under GST

The Goods and Service Tax (GST) Council has formed a selection committee under the chairmanship of cabinet secretary Pradeep Kumar Sinha to identify and recommend eligible persons for appointment as the chairman and members of the National Anti-profiteering Authority under GST. The standing committee is empowered to refer cases requiring detailed enquiry to the Director ..

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Union Cabinet approves key changes to GST Constitutional Amendment Bill

The Union Cabinet has approved amendments to the GST (goods & services tax) constitutional amendment Bill in order to incorporate suggestions made by states. This decision follows a crucial meeting of the Empowered Committee of State Finance Ministers on GST with Union Finance Minister Arun Jaitley. Cabinet has approved Removal of 1% additional tax on ..

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New Service Tax regime comes into force

A new service tax regime has come into force. All services, except 38 services in the negative list, will now attract 12% service tax. The government has also broadened the definition of ‘Services’ to bring in more activities under the tax net but services such as metered taxis, auto rickshaws, betting, gambling, lottery, entry to ..

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