Author: admin_gst

Goods and Services Tax – GST Rates – HSN Code – Maize [of seed quality] fall under heading 1005 and attract Nil GST. – TMI Updates – Highlights

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Goods and Services Tax – GST Rates – HSN Code – Sarees and dhoti – of Silk, Woven fabrics of silk sarees (HSN code 5007) – of Cotton, Of not more than 200 gsm (HSN code 5208) – of Cotton, Of more than

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Goods and Services Tax – GST Rates – HSN Code – Lac or shellac bangles are classifiable under heading 7117 and attract 3% GST. – TMI Updates – Highlights

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Goods and Services Tax – GST Rates – HSN Code – Kulfi is classifiable under heading 2105 and attracts 18% GST. – TMI Updates – Highlights

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Goods and Services Tax – GST – Dated:- 4-8-2017 – On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock Manufactured/packed/imported prior to 1st July, 2017, if any, in addition to the existing retail sale price (MRP), for three months i.e. upto 30th September, 2017. Use of un-exhausted packaging material/wrapper has also been allowed upto 30th September, 2017 after making the

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to which any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices and the Central Government may constitute an Authority to examine the same. Many business entities have reduced the prices of their goods and services in view of lower GST rates under the GST regime. They have been publishing these revised rates in leading new dailies from time to time for consumer benefit. The Department has already issued an advertisement in the Newspaper regarding MRP aspects and the final price to protect consumer interests. The Department is also doing the outdoor publicity through creatives on MRP after implementation of GST. This inf

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Goods and Services Tax – GST – Dated:- 4-8-2017 – The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST. The Council has received reports from sixteen out of the eighteen sectoral groups. The GST Law Committee comprising of officers of the Central and State Governments have drafted guidance notes based on these reports for some of the sectors. The eighteen sectoral groups are as follows – i. Banking, Financial and Insurance Sector ii. Telecommunication iii. Exports including EOUs and SEZs iv. IT/ITES v. Transport and Logistics vi. Textiles and Footwear vii. MSMEs, including job work viii. Oil and Gas (upstream and downstrea

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Goods and Services Tax – Started By: – RameshBabu Kari – Dated:- 4-8-2017 Last Replied Date:- 11-8-2017 – Dear Experts,One of the company takes the group insurance for their employees. for the payment of premium, company deducting some portion of salary from the employees to pay the insurance premium and Insurance company will provide bill on the company name, not one the employee names. Here company collecting the premium and paying to the insurance company. Can ITC be claim on the insurance by the company as bill received on company name? What are the provisions applicable on this issue ? – Reply By HimansuSekhar Sha – The Reply = As per sec 17(5) of the CGST Act (b) the following supply of goods or services or both- (iii) rent-a-cab, li

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Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 4-8-2017 Last Replied Date:- 11-8-2017 – While clearnce to SEZ unit without GST.Is it necessary to clear under LUT under GST. – Reply By HimansuSekhar Sha – The Reply = Yes, with LUT or Bond. As per FAQ: Question 5: The supplies to a SEZ unit or SEZ developer are treated as zero rated supplies in the GST Law. Then why there is no specific mention in the GST Law about not charging of tax in respect of supplies from DTA unit to a SEZ unit or SEZ developer? Answer: Yes, supplies made to an SEZ unit or a SEZ developer are zero rated. The supplies made to an SEZ unit or a SEZ developer can be made in the same manner as supplies made for export: • either on payment of IGS

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Goods and Services Tax – GST – Dated:- 4-8-2017 – New Delhi, Aug 4 (PTI) TRS members in the Lok Sabha today demanded that the GST should not be imposed on the existing government schemes, saying it severely impacted them as the tax burden has been raised from five to 18 per cent. Finance Minister Arun Jaitley said he will bring their demand to the notice of the GST council, which meets tomorrow. With other party members standing by him in support, Jithender Reddy (TRS) cited several ongoing pro

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STATUS OF TRANSACTION UNDER GST – Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – If we received remittance in Indian (Rs) currency from N

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WHAT IS THE HSN CODE OF ALMONDS/ WALNUT CHILKA AND RATE OF TAX UNDER GST – Goods and Services Tax – Started By: – PAWANKUMAR GARG – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – WHAT IS THE HSN CODE

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Goods and Services Tax – Started By: – pawan singhal – Dated:- 4-8-2017 Last Replied Date:- 11-8-2017 – can a job worker take ITC credit of raw material in transitioanal provision which he purchased for job work purpose. for example a yarn dying company which are doing job work of yarn . for doing job work of yarn it is also purchased colour and chemical. so can yarn dyeing take deemed credit of GST as per TRANSITION PROVISION of closing stock of chemical on 30th June 2017. chemical gst rate is 18% . – Reply By Nandan Khambete – The Reply = Section 2(68) of the CGST Act, 2017 defines job-work as any treatment or process undertaken by a person on goods belonging to another registered person . The one who does the said job would be termed as

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Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 4-8-2017 Last Replied Date:- 11-8-2017 – Dear expert,We wish to send Product A (e.g. 100kg) for job work. To get final product C job worker will add Product B (50kg) on his own account (purchase by him) and he will raise tax invoice to us for his processing charges plus cost of Product B . My query is:Whether this transaction is in line with Job worker procedure under GST law( since 50% or raw material is procured by job worker himself) – Reply By KASTURI SETHI – The Reply = Yes. There is no such restriction on Job worker. Job worker does job work for and behalf of the principal and the cost of product 'B' will be borne by the principal. – Reply By HimansuSekhar Sha – The

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pre-GST, such practice was allowed. GST being a new levy, no action on account of procedure lapse will be taken against the assessee. I do not treat it even a procedures lapse. – Reply By Yatin Bhopi – The Reply = thanks sir – Reply By KASTURI SETHI – The Reply = Do you agree sincerely or just expressed thanks ? – Reply By Yatin Bhopi – The Reply = Absulutly I agreed Sir. – Reply By Ramaswamy S – The Reply = As the person processing the goods is adding the material and manufacturing the product, he is a supplier of goods and not supplier of services. The tax is payable as goods classified under HSN and not as job work at 18%.RegardsS.Ramaswamy – Reply By Yatin Bhopi – The Reply = Dear SirHe will raise saperate bill for goods and services –

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Goods and Services Tax – GST – Dated:- 4-8-2017 – No A-11013/18/2015-Ad.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 2nd August, 2017 OFFICE ORDER NO. 09/Ad.IV/2017 Subject: Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax In continuation of CBEC's Order No.05/Ad.IV/2015 vide No. A-11013/18/2015Ad-IV dated 27.08.2015, the detailed/modified mandate of DGGST, consequent to the implementation of GST w.e.f. 01.07.2017 will be as under:- (1) Capacity Building – Developing training modules including e-training modules; training of officers of CBEC; other Central Government agencies and State GS

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ate bodies for organization of outreach programmes and training sessions. (5) Coordinating with various Directorates of CBEC Central Government Ministries/Departments and State/UT Government Ministries/Departments connected to GST – Examining the issues relating to GST on the basis of inputs received from Directorates of CBEC and other stakeholders and officers and forwarding the suggestions to GST policy wing of CBEC; coordination with State/UT GST policy wing. (6) Information Technology – Coordination with GSTN, Directorate of System, DGARM and IT Wings of State GST; making suggestion for change in IT system based on feedback from Trade, field formations, other Directorates Of CBEC and other stakeholders and officers; maintaining and upda

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GST Rates – HSN Code – Queries relating to GST rates received from various sectors have been scrutinised and developed into snort FAQs. – Goods and Services Tax – GST – Dated:- 4-8-2017 – Queries rela

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Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – Dear Expert,Could you provide the rate of taxes under GST for the following services.He is the Travel Agent.1. Where the air ticket is booked by the sub-agent and is getting the bills from the main agent for ₹ 8000/- inturn he charge ₹ 13000/- to his client on what value he has to charge gst?2. Car Rental & rent a cab services to clients.3. Arranging the VISA serv

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Service Tax – Started By: – shahid hashmi – Dated:- 4-8-2017 Last Replied Date:- 9-8-2017 – WHETHER CGST/SGST IS ONLY PAYABLE ON REVERSE CHARGE BASIS BY THE RECIPIENT OF ALL THE SUCH SERVICES AS SPECIFIED VIDE NOTIFICATION NO.13/2017- CENTRAL TAX(RATE) UNDER SECTION 9 OF THE CGST ACT OR IGST WILL ALSO BE PAYABLE UNDER REVERSE CHARGE BY THE RECIPIENT. – Reply By Vamsi Krishna – The Reply = IGST is also applicable in case of RCM.If you avail GTA services from other state and the Reg office of the

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Goods and Services Tax – Started By: – nandankumar roy – Dated:- 4-8-2017 Last Replied Date:- 10-8-2017 – I GOT EXCEL FORMAT OF 3 B RETURN , PLEASE TELL WHAT WILL THE PROCEDURE FOR SUBMISSION TO OUR GST PORTAL AND ALSO TELL PL HELP DUTY PAYABLE APPX 20 LACS AFTER MINUS INPUT AND TRN1 NOT SUBMITTED FOR C FORM GROUND ,WHETHER BAL AMT TO BE PAID THIS MONTH BY CASH. PL CONFIRM. – Reply By KIRTIKUMAR PUROHIT – The Reply = As per my Opinion; If you are register in previous law (i.e. Excise, Service T

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Goods and Services Tax – Started By: – nandankumar roy – Dated:- 4-8-2017 Last Replied Date:- 5-8-2017 – SIRJI PLEASE HELP REGARDING IMPORT MATERIALS IN JULY WITHOUT IGST 18% AND BILL OF ENTRY JUNE DATED (22.06.17) WITH EARLIER VERSION(7.5%+12.5%+SP DUTY 4%) AS JUNE MATERIALS RELEASED FROM PORT . NOW WHAT WILL IMPACT IN GST AS PER PRESENT SITUATION AS CHA TELLING TO TAKE EXPERT VIEW. PL HELP IF YOU CAN. REGARDS, ROY – Reply By Vamsi Krishna – The Reply = You have book the Exp in June month itself since your BOE filed in Jun (22nd June). As per Sec.140(5) you can book the bills pertains to Excise/Service tax by 30th July'17 (30 days given in the act, can be extended by commissioner). You can however book the CHA exp in July'17, you

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ISSUE TAX INVOICE IN ONLINE IN THE RETURN (GST) – Goods and Services Tax – Started By: – DEBASHISH ROUT – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – Sir,Please discuss who to issue the tax invoic

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Goods and Services Tax – Started By: – RameshBabu Kari – Dated:- 4-8-2017 Last Replied Date:- 3-7-2018 – Dear Experts,GST applicability on land developers. Person, who purchases land and he develops the land with an infrastructure such as drainage system, roads and plantation of plants as per the instructions given. After this development of the land, he will not do any building constructions and all. He sales only developed land as plots. As Land is the exempted from gst, is he required to get

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Goods and Services Tax – Started By: – DEBASHISH ROUT – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – Sir,If any small sub contractor (below ₹ 20 lakh) non register can supply construction service in different state if not why, if yes then the input can take service receiver from self deposit IGST ( tax under reverse charge) , the process of reverse charge discussion. – Reply By HimansuSekhar Sha – The Reply = The question is not clear. If you are providing interstate supply you need to

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Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 4-8-2017 Last Replied Date:- 4-8-2017 – Dear expert In the excel templet of GSTR1 it is mentioned that port codes list is available on GST common portal, but is not there. Please share the link or file containing list of port codes. Summary For EXP(6) HELP No. of Invoices Total Invoice Value No. of Shipping Bill Total Taxable Value 6 3116813.72 6 332659.00 Export Type Invoice Number Invoice date Invoice Value Port Code Shipping Bill N

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Goods and Services Tax – GST – By: – Anuj Bansal – Dated:- 4-8-2017 Last Replied Date:- 8-8-2017 – In today s ever booming digital world, we prefer online platforms for books, movies, music, data storage, advertising etc. With the increasing use of cloud based services it is all the more important to know the taxability of GST on Online Information Database Access and Retrieval Services (OIDAR). Section 2(17) of IGST Act, 2017 defines OIDAR as services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially automated involving minimal human intervention and impossible to ensure in the absence of information technology. The definition is divided in two parts one is service is provided online via electronic network and second important thing is, it is impossible to ensure in the absence of information technology . It includes electronic services such as advertising on internet, cloud service

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7. Such suppliers (or intermediaries) of OIDAR services shall take a single registration under the Simplified Registration Scheme in Form GST REG-10. In case such supplier has a representative in India then he shall pay IGST on former s behalf and if does not have any representative in India, then such supplier can appoint a person in India and he will be liable for payment of such tax in India. Notification No. 2/2017 – Integrated Tax, dated 19th June 2017 has notified Principal Commissioner of Central Tax, Bengaluru (West) to grant registration in such cases. As we know, for any supply to be taxable under GST, the place of supply should be in India. Thus, following cases are possible for deciding taxability of OIDAR services: Location of Supplier of service Location of recipient of service Taxability Forward Charge/ Reverse Charge India India Yes Forward Charge Outside India India Recipient: Registered Person Recipient: Non Taxable Person Yes Reverse Charge Forward Charge India Outsi

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rmediary involved in the supply but by the supplier of services. Now the question is how to identify the receivers and suppliers of OIDAR services in India and who are receiving such services within India and who are supplying such services from abroad? Let s answer one by one. Sec 13(12) of IGST Act, states that place of supply of online information and database access or retrieval services shall be the location of the recipient of services. In order to check whether the person receiving such services is a person of Indian origin and is located in taxable territory, any two of the following non contradictory conditions should be satisfied, namely- Location of address of recipient provided by him through internet is in the taxable territory; the credit card or debit card or store value card or charge card or smart card or any other card by which the recipient of services settles payment has been issued in the taxable territory; the billing address of the recipient of services is in the

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Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 3-8-2017 Last Replied Date:- 4-8-2017 – Dear expert, One of my friend taking the goods transport vehicles from various source inturn supplying to courier agency along with driver and charging day rental and based on the km runs and he will not issue any consignment note. Mt doubt is whether he will be treated as GTA? If not what is the rate of tax to be charged on the bills. As per the exemptions provided in the notifi

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