E Way Bill for Exports / Imports – Goods and Services Tax – Started By: – Kishan Barai – Dated:- 4-7-2017 Last Replied Date:- 5-7-2017 – Kindly elaborate the procedure to generate Eway bill for Export
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Goods and Services Tax – Started By: – Narendra Soni – Dated:- 4-7-2017 Last Replied Date:- 17-7-2017 – Dear Experts,We have contract of export shipment on FOB basis, in some cases on request of foreign customer who has not their agent in India request us to arrange containers from shipping lines.In these cases we pay ocean freight to shipping lines and recover certain amount from such customer by raising commercial invoices for recovery purpose.These types of recovery also made against sample
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Section 48 – Madhya Pradesh SGST – RETURNS – Madhya Pradesh Goods and Services Tax Act, 2017 – Section 48 – 48. Goods and services tax practitioners. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall be such as may be prescribed. (2) A registered person may authorise an approved goods and services tax practitioner to furnish the details of outward s
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Goods and Services Tax – GST – Dated:- 4-7-2017 – Srinagar, Jul 4 (PTI) The Jammu and Kashmir Assembly today began discussions on a resolution moved by the government for implementing the GST regime without affecting the special status of the state. Finance Minister Haseeb Drabu moved the resolution seeking suggestions from the lawmakers on how to implement the 101st amendment of the Constitution of India pertaining to GST in the state with modifications to ensure that the special status under Article 370 of the Constitution is not affected. This House resolves that the Government of Jammu and Kashmir may give consent to the adoption of GST regime by application of relevant amendments made to the Constitution of India in a modified form to
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government will try to allay their apprehensions, he said. Speaking on the issue, NC MLA and former finance minister Mohammad Shafi Uri sought a ruling from speaker Kavinder Gupta on the admissibility of the resolution moved by the government. Citing rules of the Jammu and Kashmir legislative assembly, he said a resolution can only be brought on a specific issue but the present resolution covered multiple issues including constitutional matters. There is confusion about which rule was followed while presenting the resolution. This resolution is vague and does not fulfill requirements. There are multiple issues.Some taxes are not applicable to J and K but extending 101st amendment of the constitution will make these applicable to the state,
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Goods and Services Tax – Started By: – vishal valand – Dated:- 4-7-2017 Last Replied Date:- 5-7-2017 – I AM JOB WORKER AND I WANT TO KNOW GST IS APPLICABLE OR NOT WHEN JOB WORK CHARGES INVOICE RAISED FOR PARTY IF GST APPLICABLE PLEASE GIVE RATE WE ARE JOB WORK ABS MATERIAL FOR STYROLUTION INDIA LTD IN GUJARAT REGARDS VISHAL – Reply By KASTURI SETHI – The Reply = GST is applicable on job work. Job-worker will pay GST leviable on the product and principal can take ITC. Principal can also get the
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Goods and Services Tax – Started By: – Rahul Gupta – Dated:- 4-7-2017 Last Replied Date:- 9-7-2017 – HiWe are operating a branch of our business 25 kms away from our head office, under the same GSTIN. We used to do stock transfers on a daily basis to this branch. Instead of an invoice a stock transfer challan was issued along with the goods and no tax was levied.We are concerned that whether these stocks will be taxable under the new GST structure? The reply we have been getting everywhere is that these intrastate stock transfers are not taxable under the new tax structure if the branches are operated under the same GSTIN. But noone has mentioned the exact Article number regarding the same.Kindly help us out in this regard as we might have
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. The problem is that we don't know the exact article wherein it is stated that no tax will be levied on stock transfers within state if the branches are operating on the same GSTIN.We have to do the necessary modifications in our software program and are unsure how to go about it. – Reply By KASTURI SETHI – The Reply = Reply posted by me is also applicable to stock transfers within State. Stock transfers within same State from factory to depot or branch offices or one branch office to an other branch are called 'supplies' in GST and are not exempted even without consideration under GST because such supply is in course of or for furtherance of business.. Depot is no more extended branch of factory under GST.. Both are distinct p
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Goods and Services Tax – GST – Dated:- 4-7-2017 – New Delhi, Jul 4 (PTI) Implementation of GST, albeit complex, will remove domestic trade barriers and help boost GDP growth over long term, but poses significant short-term risks, Fitch Ratings said today. The four slab Goods and Services Tax (GST) was rolled out from July 1. The new regime taxes various goods and services at 5, 12, 18 and 28 per cent, while keeping essential commodities out. The GST that came into effect on 1 July is relatively complex, including multiple tax rates for different goods – ranging from 0-28 per cent, or higher where 'sin taxes' are applied – and requires frequent filing in all states in which a company operates, Fitch said. However, it is far simpler
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of demonetisation, Fitch said. The unified national system should offer significant opportunities for productivity, it said, adding that it will become much quicker and less costly to move goods across the country now that trucks will not be held up at checkpoints at state borders. Smoother logistics should reduce retailers' need for working capital and allow them to operate centralised warehouses, rather than in every state. Supply chains could extend, encouraging specialisation, now that there is less incentive to source goods within state borders, it said. Tax filing may also become less time-consuming as a result of the new electronic system. Large companies will now have an incentive to pressure smaller suppliers into compliance. T
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Goods and Services Tax – GST – Dated:- 4-7-2017 – Srinagar, Jul 4 (PTI) A special GST session of the Jammu and Kashmir Legislative Assembly here was delayed for nearly two hours as the media boycotted the House and opposition parties refused to take part in it till curbs on reporting of the proceedings were lifted. After an apology from the Speaker Kavinder Gupta, the journalists later called off their stir. Earlier, the security personnel deployed outside the assembly complex had refused to honour vehicle passes issued to journalists, claiming that the assembly secretariat had withdrawn permission to the media to cover the proceedings. The journalists then decided to hold a protest against the curbs imposed on them. As soon as the opposit
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Goods and Services Tax – GST – Dated:- 4-7-2017 – New Delhi, Jul 4 (PTI) Domestic cooking gas (LPG) price has been hiked by up to ₹ 32 per cylinder – the steepest increase in six years – following implementation of the Goods and Services Tax (GST). Subsidised LPG rates have been increased to ₹ 477.46 per 14.2-kg cylinder from ₹ 446.65 in Delhi after GST was implemented from July 1. In the previous indirect tax regime where separate factory-gate duty and sales tax were levied, LPG attracted a zero or nil excise duty all over the country. VAT or sales tax was nil in Delhi as well as Chandigarh, Haryana, Jammu and Kashmir, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal and some north-eastern states. It ranged from 1 per c
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Goods and Services Tax – Started By: – Basha Sikander – Dated:- 4-7-2017 Last Replied Date:- 5-7-2017 – Dear Experts,Good Evening.We are Customs Broker and we perform the role of 'PURE AGENT for speedy Customs Clearance of Import and Export Activity.During this process, we normally receive advances from our Customer for the following :1. Customs Duty2. Airline / Shipping Line / Freight forwarders3. Container Freight Stations / WarehouseAll these expenses are paid on behalf of our Customer and billed to Customers as pure agent without any mark-up on these bills.Due to introduction of GST, few of our Customers raised the issue of Advance Payment requires to charged to GST ??Kindly clarify.Regards,Nagarajan – Reply By KASTURI SETHI – The
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Goods and Services Tax – Started By: – uday joshi – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – Dear Sir,I am a small Garment retailer and yearly sell is below 6Lakh. As i understood, i need not to register for GST.But in case when i purchase material from Register Wholesaler, he will be showing that material is purchased byme as i am paying him GST. How n where to keep this purchase of records. What is the procedure.Sorry, I am very new, i may not be able to put my question in right way.ThankUday joshi – Reply By Mehak Malhotra – The Reply = Dear Uday Ji, First of all, if you are registered under any of the existing laws(i.e before gst) you have to compulsorily migrate to GST as per the provisions. If you were not registered under any
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ioned only for Registration and not for payment of taxes as per the provisions. (unlike Service tax). Therefore, if you want to continue with the registration you can opt for composition scheme (1%) and stay clam. And if you do not want to get covered under GST then apply for the cancellation of the registration. I hope the text is useful to you in some manner. Thank you, Mehak Malhotra – Reply By uday joshi – The Reply = Thanks Mam,Thank for your valuable information.I am not registered under GST.Can you pls. elaborate 1% Composition scheme.ThanksUday Joshi – Reply By KASTURI SETHI – The Reply = Regarding composition scheme, read Article by Sh.Sunil Kumar Gupta published on 1.7.17 in this forum of TMI. – Discussion-Forum – Knowledge Sharin
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Section 149 – Karnataka SGST – MISCELLANEOUS – Karnataka Goods and Services Tax Act, 2017 – Section 149 – 149. Goods and services tax compliance rating.- (1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with the provisions of this Act. (2) The goods and services tax compliance rating score may be determined on the basis of such parameters as may be prescribed. (3) The goods and services tax complianc
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Goods and Services Tax – Started By: – satbir singh wahi – Dated:- 4-7-2017 Last Replied Date:- 9-8-2017 – GST SERVICE TAX RATES 13A Service by way of job work in relation to a) Textile Yarns (other than manmade fibre /filamant) & textile fabrics 5% with full ITCWhether job work for cloth dyeing, cloth knitting, stitching , embroidery all coverered by above rate? – Reply By satbir singh wahi – The Reply = Sirpls clarify rate of gst for job work for cloth dyeing, cloth knitting , stitching, embroidery. – Reply By SURESH ASTEKAR – The Reply = As per Section 2(68) of the CGST Act, job work means any treatment or process undertaken by a person on goods belonging to another registered person and the expression job worker shall be construed
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Section 48 – Karnataka SGST – RETURNS – Karnataka Goods and Services Tax Act, 2017 – Section 48 – 48. Goods and services tax practitioners.- (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall be such as may be prescribed. (2) A registered person may authorise an approved goods and services tax practitioner to furnish the details of outward supplies u
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Goods and Services Tax – Started By: – Kishan Barai – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – So if we purchase from URD & pay him via bank & if the amount is below 5000, are we exempted from reverse charge ??If a buyer of goods is also URD then is he exempted from paying reverse charge even bill cross above 5000 ??Please elaborate – Reply By Rajagopalan Ranganathan – The Reply = Sir, If the turnover of both supplier and receiver of goods or services or both is less than 20 lakhs rupees they need not take a registration. Since the supplier is not a registered person he cannot issue a taxable invoice. As per Section 9 (4) of CGST Act, 2017 the central tax in respect of the supply of taxable goods or services or both by a sup
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HS Code for Services – Goods and Services Tax – Started By: – Kishan Barai – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – How to find HS Code for Services ?? – Reply By Rajagopalan Ranganathan – Th
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Customs – Started By: – Basanta Pradhan – Dated:- 4-7-2017 Last Replied Date:- 5-7-2017 – Hi,Can someone tell us, what are the GST % on various Freight Forwarding charges on Imports and Exports? – Reply By Kishan Barai – The Reply = GST on service sector including freight forwarding / CHA / IATA agent is 18% CGST : 9% + SGST : 9% or IGST 18% – Reply By Basanta Pradhan – The Reply = is it 18% on Freight Amt for both Air and Ocean? – Reply By Kishan Barai – The Reply = For Ocean 5% for Air 18% ,
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Goods and Services Tax – Started By: – Davinder Singh – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – Dear Sir,Question for builders dealing in construction of Residential Flats.1. GST Liability for those flats which had constructed before 01.07.17. Investment made by owner with his funds and flats ready for sale.2. GST Liability of those flats which are under construction and booked by some one before 01.07.17., and an amount of Flat paying in installments and booking after 01.07.17. explain the GST treatment for the same.3. Eligibility for Input credit in Opening Stock ( Finished Flats ) and work in Progress flats. – Reply By Mehak Malhotra – The Reply = As per my understanding as the questions above in my opinion 1. Since the flats ar
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Goods and Services Tax – GST – Dated:- 4-7-2017 – Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below. Assistive devices and rehabilitation aids for physically challenged persons, listed below, have been kept at the concessional 5% GST rate: 1) Braille writers and braille writing instruments; 2) Handwriting equipment like Braille Frames, Slates, Writing Guides, Script Writing Guides, Styli, Braille Erasers 3) Canes, Electronic aids like the Sonic Guide; 4) Optical, Environmental Sensors; 5) Arithmetic aids like the Taylor Frame (arithmetic and algebra types), Cubarythm, Speaking or Braille calculator; 6) Geometrical aids like Combined Graph and Mathe
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echanical or the computerized production of braille and recorded material such as braille computer terminals and displays, electronic braille, transfer and pressing machines and stereo typing machines; 16) Braille Paper; 17) All tangible appliances including articles, instruments, apparatus, specially designed for use by the blind; 18) Aids for improving mobility of the blind such as electronic orientation and obstacle detecting appliance and white canes; 19) Technical aids for education, rehabilitation, vocational training and employment of the blind such as Braille typewriters, braille watches, teaching and learning aids, games and other instruments and vocational aids specifically adapted for use of the blind; 20) Assistive listening dev
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ore, 5% GST rate on these devices/equipments would enable their domestic manufacturers to claim refund of any accumulated Input Tax Credit. That being so, the 5% concessional GST rate on these devices/equipment would result in reduction of the cost of domestically manufactured goods, as compared to the pre-GST regime. As against that, if these devices/equipments are exempted from GST, then while imports of such devices/equipments would be zero rated, domestically manufactured such devices/equipments will continue to bear the burden of input taxes, increasing their cost and resulting in negative protection for the domestic value addition. In fact, the 5% concessional GST rate on such devices/equipments will result in a win-win situation for
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Goods and Services Tax – Started By: – Vivek anandhan – Dated:- 4-7-2017 Last Replied Date:- 5-7-2017 – Dear ExpertWhether sale to Nepal & Butan will be considered as export in GST , Kindly clarify – Reply By KASTURI SETHI – The Reply = Yes. The position is status quo. – Reply By Kishan Barai – The Reply = GST on exports are Zero Rated. – Reply By MUKUND THAKKAR – The Reply = For export in nepal consider as export under Zero rated and export in Bhutan GST is applicable. – Discussion-Forum –
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Goods and Services Tax – Started By: – Kalpessh Daftary – Dated:- 4-7-2017 Last Replied Date:- 4-7-2017 – Dear Sir,We ( Company ) are register as required for Income from Rent from Immovable Property in service tax and now we also register under GST. We issue a invoice for the Rent from Immovable Property Que. : What tax we had collect Tax and % IGST % ?SGST %? GST % ?Please clarified the GST tax % Kalpesh Daftary – Reply By KASTURI SETHI – The Reply = 18 % with full ITC.Within State CGST 9% +
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Goods and Services Tax – GST – Dated:- 4-7-2017 – There are some messages going around in the social media stating that the temple trusts have to pay the GST while the churches and mosques are exempt
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Goods and Services Tax – GST – Dated:- 4-7-2017 – The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll-out of the GST, 22 States in India have abolished their check posts. The details are as under – 1. Andhra Pradesh 2. Arunachal Pradesh 3. Bihar 4. Gujarat 5. Karnataka 6. Kerala 7. Madhya Pradesh 8. Maharashtra 9. Sikkim 10. Tamil Nadu 11. West Bengal 12. Chhattisgarh 13. Delhi 14. Goa 15. Haryana 16. Jharkhand 17. Odisha 18. Puducherry 19. Rajasthan 20. Telangana
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Cabinet Secretary reviews post GST situation with Secretaries and Senior Officers of different Departments; Ask them among others to ensure that there is adequate supply of commodities especially essential and consumer items to keep their prices under check – Goods and Services Tax – GST – Dated:- 4-7-2017 – The Cabinet Secretary, Shri P.K. Sinha reviewed the post GST implementation situation here with the Secretaries and Senior Officers of the different Ministries/Departments of the Government of India. The Review Meeting was attended by the Secretaries/Senior Officers of different Ministries/Departments including Revenue, Textile, Food, Agriculture, Consumer Affairs & Public Distribution, Food Processing, Railways, MSME, Rural Develop
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d to deal with any situation and fully assist their respective stakeholders in post GST situation. The Cabinet Secretary asked all the Departments to ensure that there is no shortage of products and commodities especially consumer items dealt by the respective Ministry/Department in order to keep the prices under check. Special emphasis was laid on to keep prices of essential commodities under check The Cabinet Secretary asked all the Departments/Ministry to provide all the relevant information relating to GST concerning their Ministry/Department including GST rates on their respective websites. Mr. Sinha asked the Departments concerned to ensure that retailers, dealers/ shopkeepers display the post GST prices of different items being sold
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ails relating to GST as applicable in case of their respective Ministry/Department.. It was decided that a weekly Review Meeting will be held to keep a close watch on post GST situation. Earlier, the Secretaries of different Departments updated about the queries received from the traders and other stakeholders after GST roll-out . The Cabinet Secretary asked them to get more detailed feedback and in depth details from field from their respective stakeholders, officers and consumers at large after GST implementation. Accordingly, they should be fully ready to deal with it so that there is quick response to any situation. He asked them to launch campaigns to make their stakeholders and consumers fully aware about GST related matters concernin
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service tax input credit under RCM – Goods and Services Tax – Started By: – kamdev senapati – Dated:- 4-7-2017 Last Replied Date:- 16-7-2017 – Service tax payment on Manpower under RCM paid on 3rd Jul
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