Author: admin_gst

GST on services provided to foreign clients in India
Query (Issue) Started By: – Prakash Gupta Dated:- 7-10-2017 Last Reply Date:- 16-8-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Dear experts required your view on below mentioned query :
A Company Secretary firm registered in India, incorporated a pvt ltd company for its foreign clients in India . The CS firm raised bill of consultancy fees directly to foreign client and received the same in convertible foreign exchange. Now whether, receipts of CS firm will be subject to GST ?
Reply By Rajagopalan Ranganathan:
The Reply:
Sir,
You have not indicated the place of supply of service. If it is India (taxable territory) then gst is payable though consultancy fees are

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ar Kasturi Sir,
Thank you for your complimentary remarks.
Reply By Prakash Gupta:
The Reply:
Thank you Rajgopalan and Kasturi Seth Ji,
Further, explanation to my query is as under,
The company has been incorporated in India, say A Pvt Ltd, subsidiary of A Inc. Holding Company (A Inc) is US based. Professional fees invoice has been raised to A Inc (situated in USA). So, I am also not clear about place of the supply in this scenario. Please through some light on place of the supply in this scenario and applicability of the GST, with reference to relevant portion of the Act.
Reply By ShankarRatan Banerjee:
The Reply:
Question regarding GST and Taxation to be applied before making payment to a foreign company.
Sir, I have a One Person

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Don't want business class to get caught in red-tape: PM on GST changes
GST
Dated:- 7-10-2017

Dwarka, Oct 7 (PTI) – Prime Minister Narendra Modi today hailed the sweeping changes in the GST to give relief to small and medium businesses, saying his government does not want the country's business class to get caught in red-tape.
Asserting that "some very important decisions" related to the Goods and Services Tax (GST) have been taken, the prime minister said, "Today, I have seen newspapers from across the country. They carry headlines that Diwali has come 15 days earlier."
"You all must be busy preparing for Diwali, and in Gujarat, Diwali is celebrated with great enthusiasm, especially among busines

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prime minister said that, based on the information the government had, Finance Minister Arun Jaitley convinced everyone at the GST Council meet yesterday.
"I am happy that it has been welcomed in one voice across the country," Modi said.
When there is trust in the government and honesty is seen behind decisions, then the country joins in despite difficulties, the prime minister said.
"I can experience this and I am thankful to the people of the country for the way they have welcomed our effort to make simple tax simpler," Modi said.
Three months after the roll-out of the new indirect tax regime, the GST Council yesterday made sweeping changes to give relief to small and medium businesses on filing and payment of taxe

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t of fishermen. We do not want our fishermen to live in poverty, we want to create more opportunities for them," he said.
"Kandla Port is seeing unprecedented growth. This is because we devoted resources to improve the port. New lease of life was added to Alang; steps were taken for the welfare of the labourers working there. These are the steps we are taking towards development", Modi said.
He also stated that Marine Police Training Institute will come up in Devbhoomi Dwarka district.
"Marine policing is a sector we are looking at very closely. We are modernising marine security apparatus. An institute for this will be set up in Devbhoomi Dwarka. It will draw people and experts from all over India," he said.
Ea

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Post-GST, tax collection in Goa drops 22 per cent
GST
Dated:- 7-10-2017

Panaji, Oct 7 (PTI) The implementation of the Goods and Services Tax (GST) has led to reduction in collection of taxes by 22 per cent in Goa so far as compared to the revenue collection during the corresponding period last year, a senior official said.
State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future.
The state government expects the GST to stabilise from January 2018 onwards.
"Since the implementation of the GST from July 1 this year, almost 30 per cent of the registered tax payers-cum- traders in Goa have not paid their taxes," a senior official from the depart

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GST – Changes in Rate of tax on Supply of Services – Decisions taken by the GST Council in the 22ndmeeting held on 6th October 2017
GST
Dated:- 7-10-2017

The following decisions were taken by the GST Council at its 22nd meeting held in Vigyan Bhavan on 6th October, 2017. The information is being uploaded immediately after the GST Council's decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.
Relief to small units:
1. GST rates on job work services is being rationalised as follows: –
S.No
Description of Service
Rate
1
Job work services in relation to all products falling in Chapter 71 (including imitation jewellery)
5%
2
Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed mi

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ng under Chapter 48 or 49, which attract GST @ 5% or Nil, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer [(Heading 9989)]
12%
10
Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @12%, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer
12%
11
Services by way of printing of all goods falling under Chapter 48 or 49 which attract GST @18% or above, where only content is supplied by the publisher and the physical inputs including paper used for printing belong to the printer
18%
12
To issue a clarification with regard to classification of printing products/services.
2. If a dealer who makes supplies of goods and services referred to in clause (b) of paragraph 6 of Schedule II of CGST Act and /or also receives interest income or makes supply of any exempt service, (s)he will not be inel

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e GST + Cess rate. This reduced rate would be applicable for a period of 3 years with effect from 1st July 2017;
4.3 Sale/supply of vehicles by a registered person, who had procured the vehicle prior to 1st July 2017 and has not availed input tax credit of central excise duty, VAT or any other taxes paid on such vehicles, would be taxed at 65% of the applicable GST + Cess rate. This reduced rate would be applicable for a period of 3 years with effect from 1st July 2017.
4.4 Sale by way of auction etc. of used vehicles, seized and confiscated goods, scrap etc by Central Government, State Government, Union Territory or a local authority, to any person, to be subjected to GST under reverse charge under section 9 (3) of the CGST Act.
5. Transport of passengers by motor cab/ renting of motor cab:-
(i) GST of 5% without ITC and 12% with full ITC available to transport of passengers by motor cab/ renting of motor cab shall be extended to any motor vehicle;
(ii) ITC of input services shal

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) established by any government,
with 90% or more participation by way of equity or control, to carry out a function entrusted by the Central Government, State Government or a local authority.
4. The reduced rate of 12% on specified works contract services supplied to the Central Government, State Government, Union Territory, Local Authority and Governmental Authority shall be extended to a Government Entity, where such specified works contract services have been procured by the government entity in relation to the work entrusted to it by the Central Government, State Government, Union Territory or Local Authority.
5. GST shall be levied @ 12% on works contract services in respect of offshore works contract relating to oil and gas exploration and production (E&P) in the offshore area beyond 12 nautical miles.
6. GST shall be levied @ 12% with ITC or 5% without ITC for transportation of natural gas through pipeline.
7. Exemption to annuity paid by NHAI (and State authorities or Sta

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New Export Relief Package Launches: Tax Breaks and Streamlined Processes to Boost Global Competitiveness.
News
GST
Package of relief and incentives for exporters with immediate affect
TMI

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Press note export packages – GST
GST
Dated:- 7-10-2017

EXPORT PACKAGE GST
PRESS BRIEF
The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi on 6th October, 2017 approved a major relief package for exporters.
2. Mindful of the difficulties faced by exporters post-GST leading to a decline in export performance and export competitiveness, the Council had last month set up a high power Committee on Exports under Revenue Secretary Shri Hasmukh Adhia to recommend suitable strategies for helping this sector. This Committee had five senior Government functionaries from the Centre and an equal number from the States as members.
3. After wide ranging discussions with maj

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ll possible measures to support the exporting community, which earns valuable foreign exchange and provides significant employment especially in the small and medium sector. Accordingly, the Council approved the following package of relief and incentives for exporters with immediate affect:-
a. Within the next 4 days i.e. by 10.10.2017 the held-up refund of IGST paid on goods exported outside India in July would begin to be paid. The August backlog would get cleared from 18.10.2017 and refunds for subsequent months would be handled expeditiously. Other refunds of IGST paid on supplies to SEZs and of inputs taxes on exports under Bond/LUT, shall be processed from 18.10.2017 onwards. For this, the Council agreed to suitably empower Central a

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ct and refund of tax paid on such supplies given to the supplier.
c. Merchant exporters will now have to pay nominal GST of 0.1% for procuring goods from domestic suppliers for export. The details would be released soon.
d. The permanent solution to cash blockage is that of "e-Wallet" which would be credited with a notional amount as if it is an advance refund. This credit would be used to pay IGST, GST etc. The details of this facility would be worked out soon. The Council desired that the “e-Wallet” solution should be made operational w.e.f. 1st April 2018.
e. Exporters have been exempted from furnishing Bond and Bank Guarantee when they clear goods for export.
f. Specified banks and Public Sector Units (PSUs) are being allo

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AUTHORISED REPRESENTATIVE UNDER GST
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 7-10-2017

Authorised Representative
Authorised representative means a person who is authorised by a person to appear on his behalf.
Section 2(15) of GST Act, 2017, provides that 'authorised representative' means the representative as referred to in section 116.
As per section 116(1) of the GST Act, 2017, any person who is entitled or required to appear before a GST officer appointed under the Act, or the appellate authority or the appellate tribunal in connection with any proceedings under the Act, may, otherwise than when required under this Act to appear personally for examination on oath or affirmation, subject to the other provisions can appear by an authorised representative.
For this purpose, 'authorised representative' has been defined in the Act itself. Broadly, it includes a relative, a regular employee, an advocate, a chartered accountant, a c

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al.
Authorised Representative – who can be appointed
As per section 116(2) of the GST Act, 2017, following persons can be appointed as an authorised representative i.e., a person authorised by the person to appear on his behalf:
* his relative or regular employee; or
* an advocate who is entitled to practice in any court in India, and who has not been debarred from practicing before any court in India; or
* any chartered accountant, a cost accountant or a company secretary, who holds a valid certificate of practice and who has not been debarred from practice; or
* a retired officer of the Commercial Tax Department of any State Government or Union territory or of the Board who, during his service under the Government, had worked in a post not below the rank than that of a Group-B Gazetted officer for a period of not less than two years: However, such officer shall not be entitled to appear before any proceedings under this Act for a period of one year from the date of his reti

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an authorised representative:
* who has been dismissed or removed from government service; or
* who is convicted of an offence connected with any proceedings under this Act, the State Goods and Services Tax Act, the Integrated Goods and Services Tax Act or the Union Territory Goods and Services Tax Act, or under the existing law or under any of the Acts passed by a State Legislature dealing with the imposition of taxes on sale of goods or supply of goods or services or both; or
* who is found guilty of misconduct by the prescribed authority;
* who has been adjudged as an insolvent,
Such disqualification to act as an authorised representative shall operate for the following period:
* Persons dismissed or removed from government – for all times
* Persons convicted of specified offences – for all times
* Insolvent persons – for the period during which the insolvency continues.
As per section 116(4) of GST act, 2017, any person who has been disqualified under the provisio

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Extension of time limit for submitting the declaration in FORM GST TRAN-1
01-L/2017 Dated:- 7-10-2017 Karnataka SGST
GST – States
Karnataka SGST
Karnataka SGST
OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES
Karnataka Vanijya Therige Karyalaya, Gandhinagar, Bengaluru
NOTIFICATION (NO. 01-L/2017)
No. KGST.CR.01/17-18, Dated: 07-10-2017
In exercise of the powers conferred by rule 120A of the Karnataka Goods and Services Tax Rules, 2017, the period for submitting the declaration i

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CORRIGENDUM – Notification of the Finance Department No. MGST-1017/C.R.104/Taxation-1 [No. 1/2017-State Tax (Rate)], dated the 29th June 2017.
MGST-1017/C.R.104/Taxation-1 Dated:- 7-10-2017 Maharashtra SGST
GST – States
Maharashtra SGST
Maharashtra SGST
FINANCE DEPARTMENT
Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032,
dated the 7th October 2017
CORRIGENDUM
No. MGST-1017/C.R.104/Taxation-1.-In the Government Notification of the Finance Department No. MGST-1

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Maharashtra Goods and Services Tax (Eigth Amendment) Rules, 2017.
36/2017-State Tax Dated:- 7-10-2017 Maharashtra SGST
GST – States
Maharashtra SGST
Maharashtra SGST
FINANCE DEPARTMENT
Madam Cama Marg, Hutatma Rajguru Chowk,
Mantralaya, Mumbai 400 032, dated the 7th October 2017
NOTIFICATION
Notification No. 36/2017-State Tax
No. MGST-1017/C.R. 178/Taxation-1.-In exercise of the powers conferred by section 164 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), the Government of Maharashtra, hereby makes the following rules further to amend the Maharashtra Goods and Services Tax Rules, 2017, namely :-
(1) These rules may be called the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017

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) in rule 120, for the words “ninety days of the appointed day”, the words and figures, “the period specified in rule 117 or such further period as extended by the Commissioner” shall be substituted;
(v) in rule 120A, the marginal heading “Revision of declaration in Form GST TRAN-1” shall be inserted,-
(vi) in Form GST REG-29,-
(a) for the heading, “Application for Cancelation of Provisional Registration”, the heading, “Application for Cancelation of Registration of Migrated Taxpayers” shall be substituted;
(b) under sub-heading PART-A, against item (i), for the word and letters “Provisional ID”, the letters “GSTIN” shall be substituted.
By order and in the name of the Governor of Maharashtra,
R. D. BHAGAT,
Deputy Secretary to Go

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Supersession of the Notification No. MGST-1017/C.R. 111/Taxation-1 [No. 16/2017-State Tax] dated the 11th July 2017 – Specifying condition and Safeguards for LUT in place of Bond for export.
37/2017-State Tax Dated:- 7-10-2017 Maharashtra SGST
GST – States
Maharashtra SGST
Maharashtra SGST
FINANCE DEPARTMENT
Madam Cama Marg, Hutatma Rajguru Chowk
Mantralaya, Mumbai 400 032, dated the 7th October 2017
NOTIFICATION
Notification No. 37/2017-State Tax
No. MGST-1017/C.R. 179/Taxation-1.-In exercise of the powers conferred by the section 54 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), read with sub-rule (5) of rule 96A of the Maharashtra Goods and Services Tax Rules, 2017, and in supersession of th

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se who have been prosecuted for any offence under the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) or the Integrated Goods and Services Tax Act, 2017 (13 of 2017) or any of the existing laws in force in a case where the amount of tax evaded exceeds two hundred and fifty lakh rupees;
(ii) the Letter of Undertaking shall be furnished on the letter head of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of D

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GST Council's 22nd Meeting: Streamlining Tax Processes, Simplifying Compliance, and Adjusting Rates to Boost Business Efficiency.
News
Indian Laws
Recommendations made by the GST Council in i

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GST Rate Changes Announced: Impact on Goods, Pricing, and Market Dynamics. Review Updates for Financial Planning.
News
GST
Changes in GST Rates for Goods
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

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IGST Exemption Changes May Impact Importers' Tax Liabilities and Cost Structures: Review Implications for Business Operations.
News
GST
Changes in IGST EXEMPTION ON IMPORTS OF GOODS
TMI U

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Recommendations made by the GST Council in its 22nd Meeting held today under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in the national capital.
GST
Dated:- 6-10-2017

The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended the following facilitative changes to ease the burden of compliance on small and medium businesses:
Composition Scheme
1. The composition scheme shall be made available to taxpayers having annual aggregate turnover of up to ₹ 1 crore as compared to the current turnover threshold of ₹ 75 lacs. This threshold of turnover for special category States, except Jammu & Kashmir and Uttarakhand, shall be increased to ₹ 75 lacs from ₹ 50 lacs. The turnover threshold for Jammu & Kashmir and Uttarakhand shall be ₹ 1 crore. The facility of availing compositi

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e otherwise eligible for availing the composition scheme and are providing any exempt service, shall be eligible for the composition scheme.
3. A Group of Ministers (GoM) shall be constituted to examine measures to make the composition scheme more attractive.
Relief for Small and Medium Enterprises
4. Presently, anyone making inter-state taxable supplies, except inter-State job worker, is compulsorily required to register, irrespective of turnover. It has now been decided to exempt those service providers whose annual aggregate turnover is less than ₹ 20 lacs (Rs. 10 lacs in special category states except J & K) from obtaining registration even if they are making inter-State taxable supplies of services. This measure is expected to significantly reduce the compliance cost of small service providers.
5. To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to ₹ 1.5 crores, it has been decided that such taxp

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y a committee of experts. This will benefit small businesses and substantially reduce compliance costs.
7. The requirement to pay GST on advances received is also proving to be burdensome for small dealers and manufacturers. In order to mitigate their inconvenience on this account, it has been decided that taxpayers having annual aggregate turnover up to ₹ 1.5 crores shall not be required to pay GST at the time of receipt of advances on account of supply of goods. The GST on such supplies shall be payable only when the supply of goods is made.
8. It has come to light that Goods Transport Agencies (GTAs) are not willing to provide services to unregistered persons. In order to remove the hardship being faced by small unregistered businesses on this account, the services provided by a GTA to an unregistered person shall be exempted from GST.
Other Facilitation Measures
9. After assessing the readiness of the trade, industry and Government departments, it has been decided that re

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Changes in GST Rates for Goods
GST
Dated:- 6-10-2017

As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods have been recommended.
GST RATE FOR FOLLOWING GOODS HAVE BEEN REDUCED
S. No.
Chapter/Heading/Sub-heading/Tariff item
Description
Present GST Rate
GST Rate Recommended by the GST Council
1.
0804
Mangoes sliced dried
12%
5%
2.
1905 or 2106
Khakra and plain chapati / roti
12%
5%
3.
19 or 21
Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government, subject to specified conditions [Foot note 1]
18%
5 %
4.
21
Namkeens other than those put up in unit container and, –
(a) bearing a registered brand name; or
(b) bearing a brand name on which an actionable

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t yarn, such as nylon, polyester, acrylic, etc.
18%
12%
16.
5403, 5405, 5406
All artificial filament yarn, such as viscose rayon, Cuprammonium,
18%
12%
17.
5508
Sewing thread of manmade staple fibres
18%
12%
18.
5509, 5510, 5511
Yarn of manmade staple fibres
18%
12%
19.
5605
Real Zari
12%
5%
20.
6802
All goods falling under heading 6802 [other than those of marble and granite or those which attract 12% GST]
28%
18%
21.
7001
Cullet or other waste or scrap of Glass
18%
5%
22.
8305
Fittings for loose-leaf binders or files, letter clips, letter corners, paper clips, indexing tags and similar office articles, of base metal; staples in strips (for example, for offices, upholstery, packaging), of base metal
28%
18%
23.
8483
Plain Shaft Bearing 8483
28%
18%
24.
84
Parts suitable for use solely or principally with fixed Speed Diesel Engines of power not exceeding 15HP
28%
18%
25.
84 or 85
Parts suitable for use solely or principally wi

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mmissioner of State tax, as the case maybe, may allow in this regard.
2. For S. No.5 above, the phrase registered brand name means:
A brand registered as on 15.05.2017 shall be deemed to be a registered brand for the purposes of levy of 5% GST, irrespective of whether or not such brand is subsequently deregistered.
A brand registered as on 15.05.2017 under the Copyright Act, 1957 shall also be treated as a registered brand for the purposes of levy of 5% GST.
A brand registered as on 15.05.2017 under any law for the time being in force in any other country shall also be deemed to be a registered brand for the purposes of levy of 5% GST.
3. For S. No. 7 above, the phrase “brand name” is defined as:
"brand name" or "trade name" means a brand name or a trade name, whether registered or not, that is to say, a name or a mark, such as symbol, monogram, label, signature or invented word or writing which is used in relation to such specified goods for the purpose of

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Changes in IGST EXEMPTION ON IMPORTS OF GOODS
GST
Dated:- 6-10-2017

As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in IGST rates on Imports of specified Goods have been recommended.
S. No
Description
Present applicable IGST rate
Recommended IGST rate
1
IGST exemption on imports of rigs imported for oil / gas exploration and production projects under lease, subject to the following conditions that:
(i) Integrated tax leviable under section 5(1) of the IGST Act, 2017 on supply of service covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017;
(ii) The rig is not sol

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GST Composition Scheme Threshold Raised to Ease Tax Burden on SMEs, Simplifying Compliance and Supporting Business Growth.
News
GST
GST: Relief for SMEs, threshold for composition scheme rais

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EU Sees GST as Boost to Business Efficiency, Trade, and International Investments; Simplifies Tax Structure for Economic Growth.
News
GST
GST to facilitate ease of doing business: EU
TMI

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GST to facilitate ease of doing business: EU
GST
Dated:- 6-10-2017

New Delhi, Oct 6 (PTI) The European Union (EU) today gave thumbs up to India's Goods and Services Tax (GST) saying the new tax regime would facilitate ease of doing business.
Visiting EU leaders also welcomed India's efforts to promote economic and social development and expressed interest in participating in initiatives such as 'Make in India' 'Digital India', 'Skill India', and 'Start-Up India'.
"The EU closely follows Prime Minister (Narendra) Modi's economic reforms, including the historic introduction of the Goods and Services Tax (GST), which can facilitate ease of doing business and promotes market integ

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.
"The leaders noted the progress made on EU-India cooperation on resource efficiency and circular economy. Both sides agreed to enhanced cooperation and exchange of experience and best practices in the field of Intellectual Property rights (IPR) and public procurement," it said.
The leaders expressed their shared commitment to strengthening the Economic Partnership between India and the EU and noted the ongoing efforts of both sides to re-engage actively towards timely relaunching negotiations for a comprehensive and mutually beneficial India-EU Broad Based Trade and Investment Agreement (BTIA).
With regard to import tolerance level of tricyclazole in rice the relevant plant protection companies will be invited to present new

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the IFM will ease sharing of best practices and innovative technology from the EU to India.
"Leaders acknowledged that the 'Make in India' initiative may offer investment opportunities for companies based in the EU Member States," it said.
Further, the two sides reiterated the importance of reconciling economic growth and environment protection.
"They highlighted the importance of moving towards a more circular economic model that reduces primary resource consumption and enhanced the use of secondary raw materials," the statement added.
Leaders also reaffirmed their commitment to work together with all Members of the WTO to make the eleventh WTO Ministerial Conference a success with concrete results.
New

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GST: Relief for SMEs, threshold for composition scheme raised
GST
Dated:- 6-10-2017

New Delhi, Oct 6 (PTI) In a relief to small and medium enterprises, the GST Council on Friday raised the turnover threshold to ₹ 1 crore for businesses to avail of the composition scheme that allows them to pay 1-5 per cent tax without going through tedious formalities.
With small businesses and traders complaining about the compliance burden the new Goods and Services Tax (GST) regime has put on them, the panel decided to give option to taxpayers to avail of the so-called Composition Scheme if their turnover is less than ₹ 1 crore as against the previous limit of ₹ 75 lakh.
The GST Council, headed by Finance Minister Arun J

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Sales bill with purchase bill
Query (Issue) Started By: – Pawan Chaudhari Dated:- 6-10-2017 Last Reply Date:- 7-10-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Hello,I have small scrap shop,I purchase scrap from house hold like old paper, iron steel etc.and give them money in cash So I don't have any bill of purchase and when I sale this goods after accumulation in bulk to other dealers for which I give them GST bill and they pay me amount including GST via cheque which I have to withdra cash from . So my query is how do I show the purchase.? I also have to transport accumulated goods to the dealer. Or any suggestions how will GST work with this business model.?
Reply By Pawan Chaudhari:
The Reply:
It's sales b

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su Sekhar:
The Reply:
Purchases from urd persons will attract gst if per day purchase ismorethan five thousand. You can have an invoice once in a month and pay gst on reverse charge and take ITC.
Reply By Chhatra Jain:
The Reply:
As you are purchasing from URD it for you to pay raise bill of supply if it is more than 5000/ per day and pay GST in reverse charge. Once you pay you pay GST in reverse charge it will be your ITC and same can be adjusted against your output liability. Alternatively if purchase is less than 5000/ you can raise GST in Sales Invoice and pay GST. So in this way you can discharge your GST liability. In case of transportation of goods to dealer if freight is less than 1500/ no need to pay GST. If it is more than that

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India's GST rollout positive step: official
GST
Dated:- 6-10-2017

Singapore, Oct 6 (PTI) The positive steps taken by the Indian government like the implementation of the Goods and Services Tax and the ease of doing business are heartening, a senior business executive said here today, but voiced concern over the slow litigation process.
Sunil Peter, chief executive officer of the Singapore Indian Chambers of Commerce and Industry (SICCI), said the arbitration courts could help in quick conflict resolution which will strengthen and encourage companies to enter and grow their investments in India.
"The positive steps that the Indian government was taking to do business in India such as the GST implementation, are heartenin

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ITC to Builders
Query (Issue) Started By: – RAMESH SINGLA Dated:- 6-10-2017 Last Reply Date:- 7-10-2017 Goods and Services Tax – GST
Got 3 Replies
GST
I have been looking for an answer as to whether section 17(5)(c) bars the credit when works contract service are supplied for construction of an immovable property. The language of the section apparently bars such ITC except when such works contract service is input service for further supply of works contract service. Therefore, it appears that the builders who are building or getting constructed buildings which are obviously, immovable properties, would not be eligible for ITC. I request the experts to read the section and then give the opinion. My view is that the ITC is not a

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ry). As you rightly said the judicial bodies will interpret the statutory provisions strictly according to the language used by the legislature. Moreover while interpreting the statutory provisions no intendment is permissible.
Reply By KASTURI SETHI:
The Reply:
Sh.Ranganathan Sir,. It needs more x-ray of the phrases used in the construction of Section 17(5)(c). Will you please spare time for throwing more light word for word ? Thanks a lot.
Reply By Himansu Sekhar:
The Reply:
During the construction stage it becomes a service and the servicer is provided to another customer. This is also a works contract service. The building is not constructed on his own account also. The credit on the basis of bills of subcontractors who may be prov

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GST : Frequently Asked Questions
GST
Dated:- 6-10-2017

PDF Download
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Document 1
NATION
TAX
MARKET
GST: Frequently Asked Questions
What is the due date for filing of FORM GSTR-
1, for the month of August?
If income is nil, are returns mandatory?
GST paid on motor car insurance and
repairs/maintenance qualifies for input tax
credit or not?
We receive transport services. Can we take ITC
of 5% paid under RCM.
In case of hotel room rent declared tariff rate is

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