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Showing posts from November, 2017

Press Release Ministry of Finance

Press Information Bureau 
Government of India Ministry of Finance
15-November-2017 20:36 IST
GST Rate Changes Come into effect on 178 items where rate has been brought down from 28% to 18%; Consumers may take note of reduction in Price/MRP on these Goods 
In the 23rd meeting held on the 10th November, 2017, the GST Council had recommended major relief in GST rates on certain goods. These rate changes have been brought into effect from the 15th November, 2017. On 178 items the GST rate has been brought down from 28% to 18%. With reduction of rate coming into effect, a consumer shall be charged the revised reduced rates of 18% on these items with effect from the 15th November, 2017. Accordingly, there would be a corresponding reduction in price/MRP on these goods. Consumers may take note of these reduction while making purchases.
Broadly these items are grouped as follows:
v  Wires, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electri…

DVAT date extension

Commissioner DVAT has extended the date of online filing of Rate wise Closing Stock details  as on 31/3/17 & 30/6/17 upto 15/12/2017.
Notification No. 1066  dt. 15/11/2017