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GST – States – G.O.Ms. No. 21/CT/2017-18 – Dated:- 31-7-2017 – GOVERNMENT OF PUDUCHERRY Puducherry Goods and Services Tax (Fourth Amendment) Rules, COMMERCIAL TAXES SECRETARIAT G.O. Ms. No. 21/CT/2017-18 Puducherry, dated 31 JUL 2017 NOTIFICATION In exercise of the powers conferred by section 164 of the Puducherry Goods and Services Tax Act, 2017 (Act No.6 of 2017), the Lieutenant-Governor, Puducherry, hereby makes the following rules further to amend the Puducherry Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Puducherry Goods and Services Tax (Fourth Amendment) Rules, 2017. (2) Save as otherwise provided, they shall be deemed to have come into force on the 27th day of July, 2017. 2. In the Puducherry Good

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the applicable rate of exchange determined as per the generally accepted accounting principles for the date of time of supply of such services in terms of section 13 of the Act. ; (iii) in rule 46, for the existing third proviso, the following proviso shall be substituted, namely:- Provided also that in the case of the export of goods or services, the invoice shall carry an endorsement SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX , as the case may be, and shall, in lieu of the details specified in clause (e), contai

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ishing of details in FORM GSTR-2- (a) Part A of the return in FORM GSTR-3 shall be electronically generated on the basis of information furnished through FORM GSTR-1, FORM GSTR-2 and based on other liabilities of preceding tax periods and PART B of the said return shall be electronically generated on the basis of the return in FORM GSTR-3B furnished in respect of the tax period; (b) the registered person shall modify Part B of the return in FORM GSTR-3 based on the discrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR-3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amo

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GST – States – Va Kar/GST/07/2017-S.O. 060 – Dated:- 31-7-2017 – COMMERCIAL TAXES DEPARTMENT NOTIFICATION 31st JULY, 2017 S.O-60-Dated 31st JULY, 2017- In exercise of the powers conferred by section 164 of the Jharkhand Goods and Services Tax Act, 2017 (12 of 2017), the State Government hereby makes the following rules further to amend the Jharkhand Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Jharkhand Goods and Services Tax (Fourth Amendment) Rules, 2017. (2) Save as otherwise provided, they shall be deemed to be effective from 27th July, 2017. 2. In the Jharkhand Goods and Services Tax Rules, 2017, (i) in rule 24, with effect from 22nd July, 2017, in sub-rule (4), for the words within a period of thirt

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s of section 13 of the Act. ; (iii) in rule 46, for the third proviso, the following proviso shall be substituted, namely:- Provided also that in the case of the export of goods or services, the invoice shall carry an endorsement SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX , as the case may be, and shall, in lieu of the details specified in clause (e), contain the following details, namely,- (i) name and address of the recipient; (ii) address of delivery; and (iii) name of the country of destination: ; (iv) in rule

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GSTR-2 and based on other liabilities of preceding tax periods and PART B of the said return shall be electronically generated on the basis of the return in FORM GSTR-3B furnished in respect of the tax period; (b) the registered person shall modify Part B of the return in FORM GSTR-3 based on the discrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR-3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amount shall be credited to the electronic credit ledger of the registered person. ; (v) in rule 83, with effect from 1st July 2017, in sub-rule (3), in the second proviso, fo

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GST – States – G.O.Ms. No. 22/CT/2017-18 – Dated:- 31-7-2017 – GOVERNMENT OF PUDUCHERRY COMMERCIAL TAXES SECRETARIAT G.O.Ms. No. 22/CT/2017-18 Puducherry, dated 31 JUL 2017 Corrigendum In the notification issued vide G.O. Ms. No. 1/2017-Puducherry GST (Rate), dated the 29th June, 2017 of the Commercial Taxes Secretariat, Government of Puducherry and published in the Extraordinary Gazette of Puducherry, Part-I, No.95, dated 29th June, 2017,- (A) In Schedule I-2.5%,- (i) in S. No. 59, in column (3), for 1106 10 90 , read 0713 ; (ii) in S. No. 61, in column (2), for 1106 10, read 0713 ; (iii) in S. No. 92,- (a) in column (2), for 1702 or 1704 , (b) in column (3), for Palmyra sugar , read Palmyra sugar, mishri, batasha, bura ; (iv) in S.No. 18

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In Schedule III-9%- (i) in S. No. 55, in column (3), for (Fountain pen ink and Ball pen ink) read (other than Fountain pen ink and Ball pen ink) ; (ii) in S. No. 133, in column (3), for Artificial fur and articles thereof', read Artificial fur other than articles thereof ; (iii) in S. No. 233, in column (3), omit Sewing needles ; (iv) in S. No. 247, in column (3), for 0.12.5 mm , read 0.15 mm ; (v) in S.No.323, in column (2), for 8522 90 , read 8422 90 ; (vi) in S. No. 395, in column (3), for Optical Fiber , read Optical Fibre Cable ; (vii) in S. No. 447, in column (3), omit and other pens ; (D) In Schedule-IV-14%- (i) in S. No. 158, in column (3), for optical fibres optical fibres, bundles or cables , read optical fibres, optical fibre

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GST – States – G.O.Ms. No. 23/CT/2017-18 – Dated:- 31-7-2017 – GOVERNMENT OF PUDUCHERRV COMMERCIAL TAXES SECRETARIAT G.O.Ms. No. 23/CT/2017-18 Puducherry, dated 31 JUL 2017 Corrigendum In the notification issued vide G.O. Ms. No.2/2017- Puducherry GST (Rate), dated the 29th June, 2017 of the Commercial Taxes Secretariat, Government of Puducherry and published in the Extraordinary Gazette of Puducherry, Part-I, No.95, dated 29th June, 2017,- In the Schedule,- (i) in S. No. 59, in column (2), for

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GST – States – 17/2017-State Tax – Dated:- 31-7-2017 – Commercial Tax Department Naya Raipur, the 31st July 2017 Notification No. 17/2017 – State Tax No. F-10-59/2017/CT/V (107). – In exercise of the powers conferred by section 164 of the Chhattisgarh Goods and Services Tax Act, 2017 (7 of 2017), the State Government hereby makes the following rules further to amend the Chhattisgarh Goods and Services Tax Rules, 2017, namely (1) These rules may be called the Chhattisgarh Goods and Services Tax (Third Amendment) Rules, 2017. (2) Save as otherwise provided, they shall come into force on the date of publication in the Official Gazette. 2. In the Chhattisgarh Goods and Services Tax Rules, 2017,- (i) in rule 24, with effect from 22nd July, 2017, in sub-rule (4), for the words within a period of thirty days from the appointed day , the words and figures or before 30th September, 2017 shall be substituted; (ii) for rule 34, the following shall be substituted, namely:- 34. Rate of exchange of

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under sub-rule (1) based on the prevailing market price of the goods on the effective date of the occurrence of any of the events specified in sub-section (4) of section 18 or, as the case may be, sub-section (S) of section 29. ; (iv) in rule 46, for the third proviso, the following proviso shall be substituted, namely:- Provided also that in the case of the export of goods or services, the invoice shall carry an endorsement SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX , as the case may be, and shall, in lieu of the details specified in clause (e), contain the following details, namely:- (i) name and address of the recipient-. (ii) address of delivery; and (iii) name of the country of destination: ; (v) in rule 61, with effect from 1st July, 2017, for sub-rule

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iscrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR-3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amount shall be credited to the electronic credit ledger of the registered person. ; (vi) in rule 83, with effect from 1st July 2017, in sub-rule (3), in the second proviso, for the word sub-section , the word sub-rule shall be substituted; (vii) in rule 89, with effect from 1st July 2017, in sub-rule (4), in clause (E), for the word sub-section , the word clause shall be substituted: (viii) in rule 96A, with effect from 1st July 2017, in sub-rule (5) the word board , the word State Government shall be substituted; (ix) in FORM GST TRAN-1, with effect 1st July 2017, in Sl. No. 7, in Table for the (a) for the heading of column (2). the heading HSN as applicable shall be substituted; (x) in FORM GST TRAN-2, with effe

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Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 29-7-2017 Last Replied Date:- 30-7-2017 – Dear expert, As per sec 140(1) of GST act says, any excess ITC under the existing regime will be carry forward to GST regime. Whereas under existing regime, we buy the goods locally @14.5% and sells it as interstate trade @2% CST against form c, so we have huge excess ITC. My query my client having huge excess credit till June 2017, when I'm filing July return under GST reg

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GST – GST STL – 01.06 – Report GST STL – 01.06 List of registered persons who have made inter-State inward supplies for which ITC is declared as ineligible including ITC lapsed due to opting into composition scheme (for col. 7 of 01.01& 02.01) [Sec 17 of IGST Act] State/UT – Year – Month – (Amount in Rs.) Sr. No. GSTIN of recipient Category of ITC to be distributed Trade name (Legal name, if not available) ARN Tax period of return/ Month of filing Stock intimation Amount of IGST available f

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Goods and Services Tax – GST RFD – 11 – FORM GST RFD-11 [See rule 96A] Furnishing of bond or Letter of Undertaking for export of goods or services 1. GSTIN 2. Name 3. Indicate the type of document furnished Bond: __ Letter of Undertaking __ 4. Details of bond furnished Sr. No. Reference no. of the bank guarantee Date Amount Name of bank and branch 1 2 3 4 5 Note – Hard copy of the bank guarantee and bond shall be furnished to the jurisdictional officer. 5. Declaration – (i) The above-mentioned

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GST – GST STL – 01.05 – Report GST STL – 01.05 List of other State/UT registered persons who have made inter-State supply to composition taxable person /Non-resident taxable person/ UIN holder of the State/UT (for col. 6 of 01.01& 02.01) [Sec 17 of IGST Act] State/UT – Year – Month – (Amount in Rs.) Sr. No. State/UT of supplier GSTIN of supplier Trade name (Legal name, if not available) Category of persons GSTIN of Recipient/ UIN Trade name (Legal name, if not available) ARN Tax period of r

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List of persons registered in other State/UT who have made outward inter-State supply, including ISD distribution, to unregistered persons or units of the State/UT (including Online Services supplied to unregistered persons)or taxpayers who have made exports or supplies to SEZ including non-return filers up to specified period. – GST – GST STL – 01.04 – Report GST STL – 01.04 List of persons registered in other State/UT who have made outward inter-State supply, including ISD distribution, to unregistered persons or units of the State/UT (including Online Services supplied to unregistered persons)or taxpayers who have made exports or supplies to SEZ including non-return filers up to specified period. (for col. 5 of 01.01& 02.01) [Sec 17

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GST – GST STL – 01.03 – Report GST STL – 01.03 List of registered persons of the State/UT who have adjusted SGST/ UTGST liability from ITC of IGST (for col. 4 of 01.01) [Sec 18 of IGST Act] State/UT – Year – Month – (Amount in Rs.) Sr. No. GSTIN Trade name (Legal name, if not available) Category of cross-utilization (Returns/Other than returns) ARN/ SGST/UTGST Demand id ARN Tax period of return SGST/ UTGST paid from IGST ITC CGST paid from IGST credit 1 2 3 4 5 6 7 8 Total Note: Invalid return

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Goods and Services Tax – GST STL – 01.02 – Report GST STL – 01.02 List of registered persons of the State/UT who have adjusted IGST liability from ITC of SGST/ UTGST and CGST (for col. 3 of 01.01& 02.01) [Sec 53 of CGST/SGST Act] State/UT – Year – Month – (Amount in Rs.) Sr. No. GSTIN Trade name (Legal name, if not available) Category of cross-utilization (Returns/Other than returns) ARN/ IGST Demand id Tax period of return IGST paid from CGST ITC IGST paid from SGST/ UTGST ITC 1 2 3 4 5 6

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GST – GST STL – 01.01 – Report GST STL – 01.01 Statement of transfer of funds between Centre and State/UT based on returns, other than returns and information received from Customs authorities [Sec 17 and 18 of IGST Act and Sec 53 of CGST/SGST Act] State/UT – Year – Month -/ All (Amount in Rs.) Sr. No. Month IGST liability adjusted against SGST/ UTGST ITC (including cross utilization by ISD) SGST/ UTGST liability adjusted against IGST ITC SGST/ UTGST portion of IGST collected on B2C supplies including ISD distribution to unregistered unit, exports and supplies to SEZ SGST/ UTGST portion of IGST for inter-State/UT supplies made to Composition taxable person/ Non-resident taxable person/ UIN holders SGST/ UTGST portion of IGST collected on B

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Rule 11 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 11 – 11. Other provisions.- (1) Issue of provisional sanction order for each month- (a) The Principal Chief Controller of Accounts shall maintain a login based Centralized Accounting portal which shall be accessible to State accounting authorities, Central Board of Excise and Customs and State taxation authorities. (b) on the receipt of above ledgers, the Principal Chief Controller of Accounts shall calculate the net payment to be made from Integrated Goods and Services Tax account to each State or vice versa and shall upload a State-wise summary of the same on the Centralized Accounting portal within three working days of receipt of the data from Goods and Services Tax Network. Thereafter based on uploading of this data a provisional sanction order for the month shall be issued by Department of Revenue as per the procedure laid down in sub-rule (2). (2) Resolution of any discrepancy in data provided by G

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ax Network and after having reconciled the discrepancy referred to in sub clause (a) and (b), in case any changes have been made with respect to any State, the Principal Chief Controller of Accounts shall calculate the net payment to be made from Integrated Goods and Services Tax account to each State or vice versa and shall upload a final Statewise summary of the same on the Centralised Accounting portal within three days of receipt of the revised data from Goods and Services Tax Network and based on uploading of this data a final sanction order for the month shall be issued by Department of Revenue as per the procedure laid down below- (i) the Centralized Accounting Portal of Central Accounting Authority shall be used by the Department of Revenue, Ministry of Finance to download the details of the State-wise fund settlement with States. (ii) a designated officer in the Department of Revenue shall issue the Sanction order of funds to be transferred from Integrated Goods and Services T

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t shall be available in records of State Government for future reconciliation and audit purposes. (viii) State Governments shall come to know about the fund being transferred by Centre through the sanction. (ix) Copy of sanction shall also be endorsed to concerned State Accountant General. (x) The Central Accounting Authority shall generate an Inter Government Advice on the basis of Sanction received from Department of Revenue and send it to Reserve Bank of India [Central Accounts Section, Nagpur] electronically within three days of issue of sanction order. (xi) Reserve Bank of India shall make the necessary fund settlement between the Consolidated Fund of India and the Consolidated Fund of States of the respective State, on the basis of electronic Inter Government Advice; generate the Clearance Memo and transmit the same to Central Accounting Authority and State Accounting Authorities and Accountant General. (xii) The Central Accounting Authorities shall make appropriate accounting en

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Rule 10 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 10 – 10. Report relating to Consolidated Settlement Register for each State and Union Territory and for the Centre.- (1) A monthly consolidated settlement register for each State and Union Territory, in FORM GST STL 07.01 shall be sent and this register shall give consolidated details of transfer of funds to be made from State Tax account to Central Tax account or Integrated Tax account and vice versa based on cons

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Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).- Rule 7 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 7 – 7. Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).- The details relating to the apportionment of Integrated Tax to State (State Tax) or Centre (Union Territory Tax), and to Centre (Central Tax), in a particular month, i

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Rule 8 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 8 – 8. Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded.- The details relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax), in a particular month due to Integrated Tax apportioned earlier but subsequently refunded as provided for in sub-section (5) of section 17 of the Integrated Goods and Services Tax Act, in FORMS GST STL 05.01 to GST STL – 05.12 shall be sent for each State and Union Territory, as follows- (a) a monthly State-wise consolidated statement showing a summary wherein Integrated Tax paid by taxpayer has already been apportioned but subsequently refunded to the person due to various provisions of the Central Goods and Services Tax Act, State Goods and Services Tax Act

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Credit notes to taxpayers for the said supply, as provided under sections 20 and 34 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), in FORM GST STL 05.02. Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.1 of FORM GST STL 5.01; (ii) list of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned as the supply was made to composition dealers, and whose tax liability was subsequently reduced due to issuance of credit notes to composition taxpayers, as provided under sections 10 and 34 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), in FORM GST STL 05.03. Note: The summary of reduction in amount to be credited to State tax or

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ral Goods and Services Tax Act and the State Goods and Services Tax Act (or section 21 of the Union Territory Goods and Services Tax Act) leading to reduction in Integrated Tax to be apportioned, in FORM GST STL 05.05. Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.4 of FORM GST STL 5.01; (v) list of registered taxpayers from whom Integrated Tax was recovered with interest due to non-acceptance of a supply, by a supplier, and the input tax credit of the buyer was reversed with interest as provided under sections 42 and 43 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act) and the interest amount has been apportioned and upon the supplier subsequently accepting the supply, would result in reduction of amount of interest to be apportioned, in FORM GST STL 05.06. Note: The summary of reduc

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consequent to a demand raised by the proper officer is apportioned, and the demand is subsequently reversed by appeal order, as provided under sections 107,112, 113, 117 and 118 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), leading to reduction in Integrated Tax to be apportioned in FORM GST STL 05.08. Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.7 of FORM GST STL 5.01; (viii) list of registered taxpayers where the liability of payment of Integrated Tax is reduced due to an amendment in the amount payable after the payment on account of rectification of return as provided under sections 37, 38 and 39 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), and the excess

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Rule 9 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 9 – 9. Report relating to recovery of various taxes from refunds.- Report of settlement arising between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) on account of recovery of any tax, interest, penalty, fees or any other amount from refund, as provided in sub-section (10) of section 54 of the Central Goods and Services Tax Act and State Goods and Services Tax Act (or section 21 of the U

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Rule 5 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 5 – 5. Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and Centre (Central Tax).- The details relating to the transfer of funds between Centre (Integrated Tax) and Centre (Central Tax) to be made in a particular month relating in FORMS GST STL 02.01 to GST STL – 02.02, are as follows: (a) a monthly consolidated statement containing State-wise details in FORM GST STL –

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Rule 6 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 6 – 6. Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).- The details for a particular month relating to recoveries of Integrated Tax, and the interest and penalty thereon on the basis of a demand order, or compounding amount, or deposit made for filing appeal as provided for in sections 79, 107, 112 and 138 of the Central Goods and Services Tax Act and the State Goods and Services Tax Act of the concerned State and section 21 of the Union Territory Goods and Services Tax Act for which inpu

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Rule 3 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 3 – 3. Electronic transmission of the Reports.- (1) The Goods and Services Tax Network shall transmit reports electronically to the Authorities as provided hereunder. (2) The Reports, as referred to in sub-rule (1) shall be submitted- (a) by 25th of the month in which Goods and Services Tax returns are submitted, in case of monthly reports; and (b) by the 25th of October of the subsequent financial year, in case of

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Rule 4 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 4 – 4. Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax).- (1) The details relating to the transfer of funds to be made between Centre (Integrated Tax) and State (State Tax) or Centre (Integrated Tax) and Centre (Union territory Tax) shall be sent by Goods and Services Tax Network to the Authorities, in FORMS GST STL 01.01 to GST STL – 01.12, for each State and Union Territory, as follows- (a) a monthly Consolidated statement for each State in FORM GST STL – 01.01 containing the details referred to in clause (b) relating to the total amount to be transferred from the Centre (Integrated Tax) to the State (State Tax) or the Centre (Union Territory Tax), or vice-versa, on account of cross-utilisation of credit as per section 53 of the Central Goods and Services Tax Act and the Goods

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may be, in FORM GST STL – 01.02. Note: The summary of Integrated Tax paid from the input tax credit of Central Tax and from the input tax credit of State Tax or Union Territory Tax shall be reflected in column 3 of FORMS GST STL 1.01 and 2.01 respectively; (ii) list of registered persons of the State or Union territory who have adjusted liability of State Tax or Union Territory Tax, as the case may be, from the input tax credit of Integrated Tax, as provided under section 18 of the Integrated Goods and Services Tax Act, in FORM GST STL – 01.03. Note: The summary of State Tax/Union Territory Tax paid from the input tax credit of the Integrated Tax shall be reflected in column 4 of FORMS GST STL 1.01; (iii) list of registered persons or unregistered persons who have paid Integrated Tax in the following cases and the said Integrated Tax has to be apportioned as per the provisions of section 17 of the Integrated Goods and Services Tax Act- (a) list of registered persons of other State or U

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f both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (c) list of registered persons of other State or Union Territory who have made inter-State inward supplies for which input tax credit is declared as ineligible as provided for in section 17 of the Central Goods and Services Tax Act and State Goods and Services Tax Act and section 21 of the Union Territory Goods and Services Tax Act, or whose Integrated tax input tax credit has lapsed due to opting into composition scheme as provided for in sub-section (4) of section 18 of the Central Goods and Services Tax Act and State Goods and Services Tax Act or whose input tax credit of Integrated tax has lapsed due to cancellation of registration, in FORM GST STL – 01.06. Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 7 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (d) list of unregistered persons who have made i

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Tax Act and section 21 of the Union Territory Goods and Services Tax Act, in FORM GST STL – 01.10. Note: The summary of Integrated Tax to be apportioned to State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 11 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (g) list of registered persons in a State or Union Territory who have paid interest on Integrated Tax, in FORM GST STL – 01.12. Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 13 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively; (iv) the following reports containing GSTIN-wise, State-wise details pertaining to the information contained in FORM GST STL – 01.01 shall also be required to sent once a year- (a) list of registered persons in a State or Union Territory who have made inter-State inward supplies on which input tax remains unutilised till end of S

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Rule 1 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 1 – MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th July, 2017 G.S.R. 964(E).-In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), section 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) and section 21 of the Union Territories Goods and Services Tax Act, 2017 (14 of 2017), the Centra

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Rule 2 – Rules – Goods and services Tax Settlement of funds Rules, 2017. – Rule 2 – 2. Definitions.- (1) (a) Authorities means the Board, State Tax Nodal Authority, Principal Chief Controller of Accounts, Central Board of Excise and Customs and State Accounting Authorities of the respective States; (b) Board means the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963; (c) Government means the Central Government; (d) input tax credit means the credit o

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Goods and Services Tax – Started By: – King Dranzer – Dated:- 29-7-2017 Last Replied Date:- 29-7-2017 – I want to start a PC assembly business. How will GST work for me. I will have to get the components from a wholesale distributor assemble them and then sell it. In this case will the GST be applied twice once when I buy it from distributor and again when I sell it. Or will the GST that we paid to retailer be returned to us when we sale the item to consumer. Will the GST be applied at different levels or will it only be applied at single level.Lets say the price of components is 20,000 on which distributor is adding 18% GST which makes it 23,600. When I sale it should I sell it for 26,600 in which the GST I paid will be reverted or should

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our sale price say on Rs, 25000/-, your total GST liability would be ₹ 4500/- . You can pay it by debiting ₹ 3600/- from Credit account and paying balance in cash. However you cannot adjust credit of CGST against SGST and vice versa. – Reply By King Dranzer – The Reply = That 20,000 is excluding the 18%GST that distributor will be including. So the PC cost will be 23,600. – Reply By MADAN RAHEJA – The Reply = ₹ 3600/- will be available to you as a Credit for paying GST on your sale price. Hence net GST payable by you would be on the value addition, while you would charging 18% GST on your full sale price. In the aforesaid example of basic sale price of ₹ 25000/- you would be collecting basic sale price of ₹ 250

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