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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RCM on freight
Query (Issue) Started By: – Manish Sulakshane Dated:- 15-11-2017 Last Reply Date:- 15-11-2017 Goods and Services Tax – GST
Got 3 Replies
GST
I want to know – RCM on Freight withdraw or not?
Reply By CS SANJAY MALHOTRA:
The Reply:
RCM on freight still exists as per Section 9(3) of CGST and 5(3) of IGST. Nothing has been withdrawn as on date.
Reply By Ramaswamy S:
The Reply:
RCM on GTA continues.
Regards
S.Ramaswamy
Reply By Ganeshan Kalyani:
The Reply:
RCM on
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Refunds received in July & August, 2017 – Sanctioned in Cenvat Credit – Is there provision in GSTR-TRAN.1 yet to be filed
Query (Issue) Started By: – Nageswara Rao Sripada Dated:- 15-11-2017 Last Reply Date:- 16-11-2017 Central Excise
Got 11 Replies
Central Excise
Rebate claims have been sanctioned in post GST regime of the claims submitted in pre GST regime. Amounts have been sanctioned by way of Cenvat credit. How to claim such credit. Is there provision in GSTR-TRAN.1 which is yet to be filed. I hardly find such provision in TRAN-1. Please come to my rescue with your valuable suggestions of way out.
Reply By KASTURI SETHI:
The Reply:
Throw ball in the court of the department. You must apply for cash refund again against same order. You have a solid ground that there is no such provision in Common Portal of GST at present. See the jurisdictional Commissioner in person.You can get refund in cash. Make all out efforts. I am sure you will be successful.
Reply By Ramaswam
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r-in-Original can be challenged or else time for filing Appeal will lapse. Rebate sanctioning authority will not review his order.
Sec 142(3) Every claim for refund filed by any person before, on or after the appointed day, for refund of any amount of CENVAT credit, duty, tax, interest or any other amount paid under the existing law, shall be disposed of in accordance with the provisions of existing law and any amount eventually accruing to him shall be paid in cash, notwithstanding anything to the contrary contained under the provisions of existing law other than the provisions of sub-section (2) of section 11B of the Central Excise Act, 1944.
Sec 142(6) (a) every proceeding of appeal, review or reference relating to a claim for CENVAT credit initiated whether before, on or after the appointed day under the existing law shall be disposed of in accordance with the provisions of existing law, and any amount of credit found to be admissible to the claimant shall be refunded to him in c
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n the topic which was detailed, enlightened and relieved.
Reply By Ganeshan Kalyani:
The Reply:
Sri Nageswara Rao Garu, you will win in the case. The provision cited by Sri Sanjay Sir clarifies the law. You must get refund in cash. Reproduce the said provision in your reply.
Reply By Ramaswamy S:
The Reply:
With due respects,would suggest the following:
There is a time limit to file the appeal. The appeal has to be heard and the order is to be passed to sanction the refund in cash.
If the amount of Cenvat through the order is transferred to GST through TRAN-1 iimmediately by revising the TRAN-1, it gets reflected and can be utilised for payment of GST.
If not reflecting in TRAN-1, then can file the appeal and follow the process.
This shall mitigate the uncertainiity as well as the blockage of funds.
No harm in trying.
Regards
S.Ramaswamy
Reply By KASTURI SETHI:
The Reply:
Dear Sir,
I agree with you to the extent that there is no harm in trying but I see no hope at all. W
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Sales Against EPCG Authorisation or EOU
Query (Issue) Started By: – Manish Sulakshane Dated:- 15-11-2017 Last Reply Date:- 15-11-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Can we removed the goods without charging GST?
If no, than what is the producer of Refund the GST.
Please guide.
Reply By Ramaswamy S:
The Reply:
GST is payable and the refund can be claimed either by the supplier or the recipient. For the procedure, please refer to Notifications 47-49/ 2017 Central
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