Goods and Services Tax

Agency Commission for GST receipt transactions
RBI/2017-18/95 DGBA.GBD.No.1324/31.02.007/2017-18 Dated:- 16-11-2017 Circular
RBI
RBI/2017-18/95
DGBA.GBD.No.1324/31.02.007/2017-18
November 16, 2017
All Agency Banks
Dear Sir / Madam
Agency Commission for GST receipt transactions
Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission.
2. After implementation of GST framework, it was decided to modify paragraph 15 of the captioned Master Circular. The modified paragraph 15 will read as follows:
“Agency banks are required to submit their claims for agency commission in the prescribed format to CAS

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IGST Amendment Rules 2017 Clarify Tax Allocation for Advertisement Services u/s 12(14) of IGST Act.
Notifications
GST
Integrated Goods and Services Tax Amendment Rules, 2017 – Apportionment o

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Quarterly GSTR-1 Filing Now Required for Taxpayers with Turnover Up to Rs. 1.5 Crore Under GST Rules.
Notifications
GST
Quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate

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New GSTR-1 Due Dates Announced for Taxpayers with Turnover Over Rs. 1.5 Crores to Enhance GST Compliance.
Notifications
GST
Due dates for the furnishing of FORM GSTR-1 for those taxpayers wit

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Deadline for GSTR-4 Filing Extended to December 24, 2017 for July-September 2017 Quarter.
Notifications
GST
Return by a composition supplier – time limit for filing of FORM GSTR-4 for the qua

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Non-Resident Taxable Persons Get Extended Deadline to File FORM GSTR-5 for July-October 2017 Until December 11, 2017.
Notifications
GST
return by a non-resident taxable person – time limit fo

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Deadline Extended for GSTR-5A Returns on OIDAR Services for July-October 2017 to December 15, 2017.
Notifications
GST
Online Information Database Access and Retrieval services (OIDAR) – time

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Deadline Extended: ISD FORM GSTR-6 Return for July 2017 Now Due by December 31, 2017.
Notifications
GST
Return by Input Service Distributor (ISD) – Time limit for furnishing the return in FOR

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Deadline Extended: Submit FORM GST-ITC-04 for Goods Sent to Job Worker by December 31, 2017.
Notifications
GST
Due date for submission of details in FORM GST-ITC-04 extended. Now it can be fi

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Maximum Late Fee for FORM GSTR-3B Filing Set at Rs. 25/Day; Rs. 10/Day for Nil Returns Since Oct 2017.
Notifications
GST
Maximum late fee payable for delayed filing of return in FORM GSTR-3B

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E-commerce service suppliers exempt from GST registration if turnover is under 20 lakh; 10 lakh for special states.
Notifications
GST
Suppliers of services through an e-commerce platform exem

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GST Payment Now Due at Supply for Goods, Not Advance; Excludes Service Providers.
Notifications
GST
GST on receipt of advance – Now all assessee are allowed pay tax at time of supply of goods

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Amendments to GST Exemptions: Key Changes in CGST, UTGST, SGST, and IGST Exemption Frameworks Explained.

GST
Services – General Exemption from GST – CGST / UTGST / SGST / IGST – Table as ame

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New GST Tax Rates for Services Updated: Streamlined Amendments for Compliance and Clarity in Line with Economic Policies.
Notifications
GST
Rate of Tax on Services – Table as amended
TMI

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Skimmed milk powder for distribution via dairy cooperatives is GST-exempt under amended notification.
Notifications
GST
Exempts Skimmed milk powder, or concentrated milk – supplied to a disti

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IGST Act Amended: Updated Service Supply Rates Announced for Streamlined GST Compliance and Economic Adaptation.
Notifications
GST
Rates for supply of services under IGST Act – Notification a

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Scientific Equipment for Public Research Institutions Now at 5% Concessional GST Rate.
Notifications
GST
Concessional GST rate of 5% on scientific and technical equipments supplied to public

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GST Update: No Refund on Unutilized Input Tax Credit for Specific Fabric Supplies.
Notifications
GST
Supplies of goods in respect of which no refund of unutilised input tax credit shall be al

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Reverse Charge on Raw Cotton: GST Liability Now on Buyers u/s 5(3) for Streamlined Compliance.
Notifications
GST
Reverse charge on certain specified supplies of goods u/s 5(3) – Notification

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Rejection Return of GST paid goods from Govt. agency or PSUs
Query (Issue) Started By: – MohanLal tiwari Dated:- 15-11-2017 Last Reply Date:- 18-11-2017 Goods and Services Tax – GST
Got 11 Replies
GST
Dear Experts,
We are supplying goods to various Govt agencies like Railways & defense, PSUs and private sector industries on payment of GST. If any materials gets rejected and needs to be rectified / replaced, we have to get back the materials but the Govt. Agencies and PSUs are not issuing GST Invoice for return of goods on the ground that they have not accepted & accounted for the goods (GRN not issued) and not taken any ITC credit of GST.
Kindly advise how to get back the rejected GST paid goods and replace without paying GST

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y:
Suggest you to follow the following steps:
1. The customer has informed that they have not accounted and not taken ITC.
2. Ask them to send (return) the goods on a Delivery Challan (returning the goods is not a supply)
3. Issue Credit Note to reduce your tax liability and your accounting.
4. After receipt of the material and issuance of credit note, supply the replacement on a new Invoice.
Regards
S.Ramaswamy
Reply By MohanLal tiwari:
The Reply:
Mr Ramaswamy
Thanks for valued suggestion. I am also in same opinion but the issue is, we have already paid GST against supply of goods in July'17 and submitted GSTR-3B. If we issue Credit Note today, how the GST amount will be credited in our account / GST Credit Ledger.
Reply By

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Clearance to Merchant Exporter
Query (Issue) Started By: – SURYAKANT MITHBAVKAR Dated:- 15-11-2017 Last Reply Date:- 16-11-2017 Goods and Services Tax – GST
Got 2 Replies
GST
Under GST, The merchant exporter has to mentioned details of suppliers such as Tax invoice number,GSTN No. in their shipping bill. In routine the exporter has pass shipping bill in advance (Before procure material from supply) now
exporter insists invoice from supplier before removal of material from suppliers

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Heading 9996
Services – Exemption from GST
GST
Services by way of admission to a protected monument so declared under the Ancient Monuments and Archaeological Sites and Remains Act 1958 (24 o

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Regarding Bamboo Supplier.
Query (Issue) Started By: – Sagar Rijal Dated:- 15-11-2017 Last Reply Date:- 16-11-2017 Goods and Services Tax – GST
Got 9 Replies
GST
1. Incase of Supply of Bamboo by a local supplier(Individual in Nature & Unregistered Under GST Law)
2. Supply of Bamboo by a registered Dealer (Other than Individual)
** Even my questions seem confusing to myself, so dear experts please provide me the coverage of Bamboo suply under GST law briefly.
Reply By CS SANJAY MALHOTRA:
The Reply:
Dear Mr. Sagar,
Liability to pay GST on supply of goods is with Buyer if his turnover exceeds the threshold limit of ₹ 20 Lacs / ₹ 10 Lacs (hilly areas) p.a. as the case may be in last F.Y.
Liability to pay GST in re

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Sh.CS Sanjay Malhotra, Sir.
Here is additional information. GST rate is different under Chapters 14, 44, 46 & 94 of GST Tariff Act depending upon the nature and usage of the product. As handicraft it is exempted vide Notification No.8/17-I.T. dated 14.9.17. You will have to take decision for correct classification.
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
I also endorse the views of Shri Malhotra.
Reply By Ganeshan Kalyani:
The Reply:
HSN classification is crucial tax. One need to select is appropriately.
Reply By Sagar Rijal:
The Reply:
Thank you experts. Sethi Sir can you Provide me the Pdf format of GST tariff Act? I was unable to find it.
KINDLY PLEASE SIR!
Reply By KASTURI SETHI:
The Reply:
Yes. It is possible through e

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Sale against EPCG and invalidation letter
Query (Issue) Started By: – Manish Sulakshane Dated:- 15-11-2017 Last Reply Date:- 16-11-2017 Goods and Services Tax – GST
Got 3 Replies
GST
Dear Sir
We are manufacturer of Finned Tube Heat exchangers used in Refrigeration and Air conditioning Industries.
The sale of our Products attracts GST @28 % earlier and as per the recent Council meets held at Gauhati last week, it has been reduced to 18%.
One of our Customer who wishes to buy the U

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Chapter 99
Services – Exemption from GST
GST
Omitted
 
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Notes:
Omitted vide Notification No. 2/2019- Integrated Tax (Rate) dated 04-02-2019, before it was read as,
[Sup

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