Heading 9964 – Goods and Services Tax – Service of transportation of passengers, with or without accompanied belongings, by- (a) railways in a class other than- (i) first class; or (ii) an air-conditi
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Heading 9965 – Goods and Services Tax – Services by way of transportation of goods- (a) by road except the services of- (i) a goods transportation agency; (ii) a courier agency; (b) by inland waterways. – Goods and Services Tax – Schedules
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Transport of passengers, with or without accompanied belongings, by – (a) air, embarking from or terminating in an airport located in the state of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, or Tripura or at Bagdogra located in West Bengal; (b) non-airconditioned contract carriage other than radio taxi, for transportation of passengers, excluding tourism, conducted tour, charter or hire; or (c) stage carriage other than air-conditioned stage
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services provided to the Central Government, by way of transport of passengers with or without accompanied belongings, by air, embarking from or terminating at a regional connectivity scheme airport, against consideration in the form of viability gap funding: Provided that nothing contained in this entry shall apply on or after the expiry of a period of 20[three years] from the date of commencement of operations of the regional connectivity scheme airport as notified by
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services by a hotel, inn, guest house, club or campsite, by whatever name called, for residential or lodging purposes, having value of supply of a unit of accommodation below one thousand rupees per day or equivalent. ************* Notes: As amended by notification no. 15/2018 dated 26-7-2018 w.e.f. 27-07-2018, before it was read as, Services by a hotel, inn, guest house, club or campsite, by whatever name called, for residential or lodging purposes, having declared tar
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services by a person by way of- (a) conduct of any religious ceremony; (b) renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act) or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Heading 9963 or Heading 9972 – Goods and Services Tax – Services by way of renting of residential dwelling for use as residence. – Goods and Services Tax – Schedules
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Started By: – satbir singh wahi – Dated:- 1-7-2017 Last Replied Date:- 16-7-2017 – For export under bond /lut , whether any bond or lut form is prescribed and where to submit it. – Reply By Kishan Barai – The Reply = As an exporter you need to pay IGST first & then later you need to claim refund for it. You will get 90% of refund in 6 days & rest 10% after scrutiny. – Reply By satbir singh wahi – The Reply = my query is export under bond or lut . I dont want to
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Heading 9954 – Goods and Services Tax – Services provided by way of pure labour contracts of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovati
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Heading 9954 – Goods and Services Tax – Services by way of pure labour contracts of construction, erection, commissioning, or installation of original works pertaining to a single residential unit oth
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services provided by Central Government, State Government, Union territory or a local authority where the consideration for such services does not exceed five thousand rupees: Provided that nothing contained in this entry shall apply to- (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; (ii) services in relation
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services provided by the Central Government, State Government, Union territory or local authority to another Central Government, State Government, Union territory or local authority: Provided that nothing contained in this entry shall apply to services- (i) by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; (ii) in relation to
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services by the Central Government, State Government, Union territory or local authority excluding the following services- (a) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory; (b) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (c) transport of goods or passe
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services provided by the Central Government, State Government, Union territory or local authority to a business entity with an aggregate turnover of up to twenty lakh rupees (ten lakh rupees in case of a special category state) in the preceding financial year. Explanation.- For the purposes of this entry, it is hereby clarified that the provisions of this entry shall not be applicable to- (a) services,- (i) by the Department of Posts by way of speed post, express parcel
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Pure services (excluding works contract service or other composite supplies involving supply of any goods) provided to the Central Government, State Government or Union territory or local authority or a Governmental authority 19[or a Government Entity] by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution. *******
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services by Central governmental authority by way of any activity in relation to any function entrusted to a municipality under article 243 W of the Constitution. ************* Notes: As amended by notification no. 15/2018 dated 26-7-2018 w.e.f. 27-07-2018, before it was read as, Services by Central Government, State Government, Union territory, local authority or governmental authority by way of any activity in relation to any function entrusted to a municipality under
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Services by a Governmental Authority by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution. ************* Notes: As amended by notification no. 15/2018 dated 26-7-2018 w.e.f. 27-07-2018, before it was read as, Services by a 8[Central Government, State Government, Union territory, local authority or Governmental Authority] by way of any activity in relation to any function entrusted to a Panchayat under article
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Chapter 99 – Goods and Services Tax – Services by way of transfer of a going concern, as a whole or an independent part thereof. – Goods and Services Tax – Schedules
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Chapter 99 – Goods and Services Tax – Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities. – Goods and Services Tax – Schedules
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – GST – By: – CASANJAY AITHAN – Dated:- 1-7-2017 – In continuation to the GST preparedness, following action points are required in order to do your business in compliance with the provisions of GST: Preliminary Share GST Identification Number/ARN to all suppliers of Goods & Services. Ascertain HSN Codes, Service Accounting Codes & GST Rates related to business. Invoice must be in accordance with the Invoice Rules. [Tax Invoice (normal supply), Bill of supply (for composition dealer and non-GST supply), Receipt voucher (for advance receipt), Refund voucher(for refund of advance), Payment voucher (for RCM), Debit Note/ Credit Note] IT preparedness and Accounting software for filing of returns, generation of MI
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
an be claimed by using Credit Transfer Document (CTD). Time limit for CTD is 30 days from the appointed date. Transitional Forms required to be submitted within 90 days from appointed date. Account for all purchase, sales, services and expenses upto 30.06.2017. Advance ITC with respect to tax payable under Reverse Charge Mechanism ( RCM ): Discharge Service tax liability within June 2017 to ensure availability and disclosure of related ITC in the month of June 2017 itself. Input/ Input services in transit: Ensure that all such transactions where tax has already been paid by vendors should be duly accounted for in books by 30th July 2017. It is important to note that this benefit is not available for capital goods in transit. Reclaim the rev
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – GST – By: – sunil kumar Gupta – Dated:- 1-7-2017 – Comparision of Normal Dealer & Composition Dealer Under GST NORMAL REGISTERED DEALER 5% 12% 18% 28% COLLECTED FROM CUTOMER 1,00,000.00 1,00,000.00 1,00,000.00 1,00,000.00 GST 4,761.90 10,714.29 15,254.24 21,875.00 (A) SELLING PRICE 95,238.10 89,285.71 84,745.76 78,125.00 (B) PURCHASE PRICE 70,000.00 70,000.00 70,000.00 70,000.00 GST PAID ON PURCHASE 3,500.00 8,400.00 12,600.00 19,600.00 NET AMOUNT PAID 73,500.00 78,400.00 82,600.00 89,600.00 (A-B) NET INCOME 25,238.10 19,285.71 14,745.76 8,125.00 COMPOSITION DEALER 5% 12% 18% 28% COLLECTED FROM CUTOMER 1,00,000.00 1,00,000.00 1,00,000.00 1,00,000.00 GST@1% (to be borne by seller) 990.10 990.10 990.10 990.10 (A)
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
3 Traders are to pay tax @0.5% CGST, 0.5% SGST . 4 Purchase from unregistered dealers can be made upto ₹ 5000/- per day in aggregate without any liability to be registered. 5 A dealer registered under composition scheme is not required to maintain detailed records as in the case of a normal taxpayer. 6 A Composition Dealer is not allowed to avail input tax credit of GST paid to their supplier. 7 Since a Composition Dealer is not allowed to avail input tax credit, such a dealer cannot issue a tax invoice as well. A buyer from composition dealer will not be able to claim input tax on such goods. 8 A Composition Dealer is not allowed to collect composition tax from the buyer. 9 Any dealer whose aggregate turnover in a financial year does
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Started By: – Yogesh Ghatkar – Dated:- 1-7-2017 Last Replied Date:- 16-7-2017 – Dear Team,I am already registered under VAT for Trading of Goods under proprietorship and my GST migration is completed. Also GST id is Active.In the month of April 2017, I have registered for Service Tax, as I have started providing services (as proprietorship) with different business name. I received Service Tax no as well and collected service Tax for Q1 of FY2017-18Service Tax portal (ht
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Section 149 – Chhattisgarh SGST – MISCELLANEOUS – Chhattisgarh Goods and Services Tax Act, 2017 – Section 149 – Goods and services tax compliance rating. 149. (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 comp
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Goods and Services Tax – Started By: – Kishan Barai – Dated:- 1-7-2017 Last Replied Date:- 16-7-2017 – What if a person is Registered under GST & has a turnover of Bellow 20,00,000 ??Shall he has to charge CGST & SGST from Customer ??Shall a person will get deduction of Expense like light bill or other expenses like Stationery etc from his Income.Please elaborate.Thank You – Reply By KASTURI SETHI – The Reply = Dear Sir, Pl. go through Q.No.18 of FAQ published published by CBEC in the newspaper dated 28.6.2017 which is as under:- Q.No. If I register voluntarily though turnover is less than 20 lakhs, am I required to pay tax from First supply I make post GST registration ? Ans. Yes, you would be treated as normal taxable person. Boa
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
an ₹ 20,00,000/-. But yes, if you are registered then you have a benefit that you can avail ITC on receipt of supplies of goods/services. And the question about deduction of expenses in income is a matter of Income Tax, it has no relation with GST. – Reply By KASTURI SETHI – The Reply = Thanks to Ms.Preeti Sharma for perfect and convincing clarification/reply and for enrichment of my knowledge. – Reply By Preeti Sharma – The Reply = Its my pleasure Mr. Kasturi Sethi that i could give a little knowledge to you.Thanks – Reply By Kishan Barai – The Reply = Thank You Very Much – Reply By Ramesh Kothari – The Reply = 1.Yes u will become taxable person even if below thresh hold limit and chargeable to tax 2. u will eligible to get the ITC a
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Section 48 – Chhattisgarh SGST – RETURNS – Chhattisgarh Goods and Services Tax Act, 2017 – Section 48 – Goods and services tax practitioners. 48. (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 suppl
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
