Goods and Services Tax – GST Council Decisions – GST on goods and services – Rates, Exemptions, Reverse Charge, Procedural aspects etc. – TMI Updates – Highlights
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Goods and Services Tax – Started By: – Ramakrishnan Seshadri – Dated:- 11-9-2017 Last Replied Date:- 12-9-2017 – Dear Sir,Good Morning to all expertsWe request your clarification on raising debit notes and credit notes under GST regime.Debit Note:-We receive parts from our suppliers. On some supplies there is some shortage of parts. In this stage how we have to take into account and whether we have to raise debit note for shortage and based on our debit note our supplier will raise credit note. Is this correct or not. Same is for part rejections also.Who has to upload the details in the gst returns for this shortage /rejections either us or the supplier.Request the experts to clarify this issue since it is very much confusing.Thanks &
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f such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient a credit note containing such particulars as may be prescribed. The details to be given in the credit note are given in rule 53 (1) of CGST Rules, 2017. The details of credit notes issued shall be given under Column 9 of GSTR-1. The details are to be uploaded by the registered person who issues credit/Debit note. According to Section 34 (2) of CGST Act, 2017 any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note
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be prescribed. The details to be given in the debit note are given in rule 53 (1) of CGST Rules, 2017. The details of debit notes issued shall be given under Column 9 of GSTR-1 Section 34 (4) of CGST Act, 2017 stipulates that any registered person who issues a debit note in relation to a supply of goods or services or both shall declare the details of such debit note in the return for the month during which such debit note has been issued and the tax liability shall be adjusted in such manner as may be prescribed. – Reply By KASTURI SETHI – The Reply = Dear Querist, Either you may issue debit note or your supplier may issue credit note. Invoice no. should be mentioned on debit/credit note. Also support the views of both experts. – Reply By
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Goods and Services Tax – GST – Dated:- 11-9-2017 – The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September, 2017. The information is being uploaded immediately after the GST Council s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law. 1, To reduce the rate of GST on following services from 18% to 12%: Services provided to the Government, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repai
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Goods and Services Tax – GST – By: – CA.VINOD CHAURASIA – Dated:- 11-9-2017 Last Replied Date:- 11-9-2017 – Introduction: This article discusses in detail about GST on Services of director i.e. sitting fees, commission etc. Taxability The government has power u/s 9(3) of CGST Act & u/s 5(3) of IGST Act, to notify the levy of GST on RCM basis on goods or services. Vide entry no. 6 of notification no. 13 of CGST dated 28th June 2017 & entry no. 7 of notification no. 10 of IGST dated 28th June 2017, Government had notified that any services supplied by a director of a company to the said company would be covered under reverse charge. Below are the related links. Notification No. 13/2017-Central Tax (Rate) New Delhi, the 28th June, 2017 Notification No. 10/2017-Integrated Tax (Rate) New Delhi, the 28th June, 2017 The relevant portion of the notifications is as below: Sl.No. Category of Supply of Services Supplier of service Recipient of Service (1) (2) (3) (4) 7 Services supplied
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ich the RCM is applicable: Supplies notified by Government u/s 9(3) Taxable Supplies by unregistered person to registered person In case of RCM, the liability to pay tax is on the recipient of supply of goods and services instead of the supplier of such goods or services in respect of notified categories of supply. As the director s services are covered under section 9(3), the liability to pay tax is on the recipient company despite of the fact the turnover from director s services exceeds ₹ 20L or 10L. Are directors are liable for GST registration ? As per notification no. 5/2017 – Central Tax dated 19th June, 2017, Government has specified that the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services or both under sub-section (3) of section 9 of the said Act as the category of persons exempted from obtaining registration under the afore
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eeds to be paid in the state where supply takes place, thereupon which it would land up in the hands of destination state government. The principles of determining the nature of supply (i.e. inter state supply or intra state supply) remain the same in case of RCM as well since the government has merely chosen the recipient of goods/services as the point of convenience from the point of view of better compliance with the law. Section 7 of the IGST Act states that where the location of the supplier and the place of supply are located in two different states or UTs, the transaction shall be an inter-state supply. Section 8 of the IGST Act states that where the location of the supplier and place of supply are located in the same state or UT, the transaction will qualify as an intra-state transaction. Place of supply Section 12(2)(a) of the IGST Act determines place of supply as the location of person where the services are received. A director services on the board of the company. The boar
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governance. They may meet, for a change, at a holiday destination. However, the meeting is for discussion of matters of corporate governance. The discussions held in board meeting is not restricted to a particular place but governing decisions are taken for benefit of entity as whole. Therefore, no matter where they meet, the meeting still discusses matters pertaining to the company, and therefore, the usual place of corporate governance should still be taken as the place of supply. Location of supplier in case of director services As per section 2(15) of IGST Act, location of the supplier of services means,- (a) where a supply is made from a place of business for which the registration has been obtained, the location of such place of business; (b) where a supply is made from a place other than the place of business for which registration has been obtained (a fixed establishment elsewhere), the location of such fixed establishment; (c) where a supply is made from more than one establis
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GST – States – NO. (1-I/2017) – Dated:- 11-9-2017 – GOVERNMENT OF KARNATAKA FINANCE SECRETARIAT NOTIFICATION NO. (1-I/2017) [NO. KGST. CR. 01/17-18], Bengaluru dated: 11-9-2017 In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) and in supersession of Notification (1-H/2017) dated the 5th September, 2017, published in the Karnataka Gazette, Extraordinary, No. 868 in Part-IVA, dated 6th September, 2017, except inrespects of things done or omitted to be done before such supersession, on the recommendations of the Council, the time limit for furnis
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GST – States – 14/2017 – Dated:- 11-9-2017 – GOVERNMENT OF TELANGANA COMMERCIAL TAXES DEPARTMENT TGST Notification No. 14/2017 CCT s Ref No. A(1)/116/2017 Dt. 11-09-2017 In exercise of the powers conferred by the second proviso to sub-section (1) of Section 37, first proviso to sub-section (2) of Section 38 and sub-section (6) of Section 39 read with section 168 of the Telangana Goods and Services Tax Act, 2017 (23 of 2017) and in supersession of earlier notifications No. 4/2017, dt. 19-08-2017
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GST – States – 13/2017 – Dated:- 11-9-2017 – GOVERNMENT OF TELANGANA COMMERCIAL TAXES DEPARTMENT TGST Notification No. 13/2017 CCT s Ref No. A(1)/115/2017 Dt. 11-09-2017 In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Telangana Goods and Services Tax Act, 2017 (23 of 2017) (hereafter in this notification referred to as the said Act ), the Commissioner, hereby extends the time limit for furnishing the return by an Input Service Distributor under
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GST – States – 26/2017-State Tax – Dated:- 11-9-2017 – GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX & EXCISE ITANAGAR Notification No. 26/2017-State Tax The 11th September, 2017 No. GST/24/2017.- In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Arunachal Pradesh Goods and Services Tax Ac t, 2017 (7 of 2017) and in supersession of notifications No. 17/2017 – State Tax, dated the 31st August, 2017, No. 18/2017 – State Tax, dated the 31st August, 2017 and No. 19/2017 – State Tax, dated the 31st August, 2017, the State Government on the recommendations of the Council, hereby extends
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GST – States – 25/2017-State Tax – Dated:- 11-9-2017 – GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX & EXCISE ITANAGAR Notification No. 25/2017-State Tax The 11th September, 2017 No. GST/24/2017.- In exercise of the powers conferred by section 128 of the Arunachal Pradesh Goods and Services Tax Act, 2017 (7 of 2017), the State Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to
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GST – States – 01-J/2017 – Dated:- 11-9-2017 – OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES Vanijya Therige Karyalaya, Gandhinagar, Bengaluru-560009, NOTIFICATION (01-J/2017) No. KGST.CR.01/17-18 Dated: 11.09.2017 In exercise of the powers conferred by sub-section (6) of section 39 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) (hereinafter referred to as the said Act) and in supersession of Notification No.(1-G/ 2017) dated the 4th September, 2017 published in t
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GST – States – 01-I/2017 – Dated:- 11-9-2017 – OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES Vanijya Therige Karyalaya, Gandhinagar, Bengaluru-560009, NOTIFICATION (1-I/2017) No. KGST.CR.01/17-18, Dated: 11.09.2017. In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) and in supersession of Notification (1-H/2017) dated the 5th September,2017, published in the Karnataka Gazette, Extraordinary, No.868 in Part-IVA, dated 6th September, 2017, except in respects of things done or omitted to be done before such supersession, on the recommendations of
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GST – States – FlN/REV-3/GST/1/08/450 – Dated:- 11-9-2017 – OFFICE MEMORANDUM No.FlN/REV-3/GST/1/08/450 Kohima, the 11th September 2017 Subject: Advisory On Tax Deducted at Source (TDSI Under GST Regime This is to bring to the notice of all concerned that the Goods and Service Tax (GST) regime has come into force in the State of Nagaland w.e.f. 1st July, 2017. GST has subsumed all indirect Central and State taxes in the country. Some key features of GST are highlighted below for information and compliance of all concerned:- 1. It is a dual GST. The Central Goods and Service Tax (CGST) is levied and collected under the CGST Act, 2017. The State Goods and Service Tax (SGST) is levied and collected under the SGST Act, 2017. Both CGST and SGST are collected on intra-state taxable supplies where the supplier and place of supply are in the same State. The Integrated Goods and Service Tax (IGST) is levied and collected on inter-state taxable supplies where supplier and place of supply are in
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the payment made or credited to the supplier (deductee) of taxable goods or services or both, where the total value of such supply, under a contract, exceeds ₹ 2.50 lakhs. 5. Presently, the relevant provisions for deduction of TDS under GST are yet to be enforced. Therefore, w.e.f. 1st July, 2017, the concerned DDOs' shall have to release payments to the suppliers/contractors against any supply or contracts made after July 1, 2017 without deducting any TDS till the relevant provision is made operative by law. However, payments made to suppliers or contractors (after July 1, 2017) for supplies or contract made or done prior to July 1, 2017 shall continue to be liable for TDS under the earlier law i.e., VAT Act. For ongoing supplies or works contract, the supplies made or works executed after 1st July, 2017, shall be governed by the provisions of the GST Act. 7. Till the provisions for TDS are made operative, all concerned DDOs' or the persons or authorities making payment
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under section 24 (vi) of the Nagaland GST Act, 2017. As per latest information received, registration for persons liable to deduct tax at source shall commence from 18th September 2017. AS and when the window for GST registration opens, all liable DDOs are advised to immediately apply for registration and obtain the GSTIN within the time prescribed. 10. All DDOs are advised to be registered under GST for the following reasons:- a. Without registering and obtaining the GSTIN, the DDOs will be outside the GST system. b. Without GSTIN, DDOs will have no legal authority to deduct the tax at source from the deductee. c. Legally, without GSTIN a DDO will not be able to award supplies or contract to suppliers, where the total value of such supply under a contract exceeds ₹ 2.5 lakhs 11. The date from which the provision of TDS under GST is to be made operative shall be informed to all concerned in due course of time. Sd/- (Temjen Toy) Addl. Chief Secretary & Finance Commissioner. K
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GST – States – 23/2017 – Dated:- 11-9-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT Notification No. 23/2017 The 11th September, 2017 No.FTX.56/2017/125.- In exercise of the powers conferred by sub-section (5) of section 9 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on the recommendations of the Council, hereby makes the following amendments in the notification No. FTX.56/2017/30 dated 29th June, 2017 (No
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Amendments in the Notification No. FTX-56/2017/14 dated 29th June, 2017 (Notification No. 1/2017-State Tax Rate) – Seeks to reduce CGST rate on specified parts of tractors from 14% to 9 %. – GST – States – 19/2017 – Dated:- 11-9-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION No. 19/2017 The 11th September, 2017 No.FTX.56/2017/80.- In exercise of the powers conferred by sub-section (1) of section 9 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on the recommendations of the Council, hereby makes the following amendments in the notification No. FTX-56/2017/14 dated 29th June, 2017 (Notification No. 1/2017-State Tax Rate) issued by the Finance (
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ransaxles and its arts thereof for tractors 452I 8708 70 00 Road wheels and arts and accessories thereof for tractors 452J 8708 91 00 (i) Radiator assembly for tractors and parts thereof (ii) Cooling system for tractor engine and parts thereof 452K 8708 92 00 Silencer assembly for tractors and arts thereof 452L 8708 93 00 Clutch assembly and its parts thereof for tractors 452M 8708 94 00 Steering wheels and its parts thereof for tractor 452N 8708 99 00 Hydraulic and its parts thereof for tractors 452O 8708 99 00 Fender, Hood, wrapper, Grill, Side Panel, Extension Plates, Fuel Tank and parts thereof tractors . (2) This notification Shall come into Force with effect from August, 2017. V. B. PYARELAL, Additional Chief Secretary to the Governme
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GST – States – 10–C.T./GST – Dated:- 11-9-2017 – GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA -700015 NOTIFICATION BY THE COMMISSIONER OF STATE TAX Notification No. 10-C.T./GST Dated: 11/09/2017 In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the West Bengal Goods and Services Tax Act, 2017 (West Ben. Act XXVIII of 2017) (hereinafter referred to as the said Act) and in supersession of notification No. 07-C.T
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Supersession of notification No. 08–C.T./GST, dated the 5th September, 2017 – Extension of date of furnishing details/return for the month of July, 2017. – GST – States – 09–C.T./GST – Dated:- 11-9-2017 – GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA -700015 NOTIFICATION BY THE COMMISSIONER OF STATE TAX Notification No. 09-C.T./GST Dated: 11/09/2017 In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the West Bengal Goods and Services Tax Act, 2017 (West Ben. Act XXVIII of 2017) (hereinafter referred to as the said Act) and in supersession of notification N
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of taxable/registered persons Time period for furnishing of details/return (1) (2) (3) (4) 1. GSTR-1 Having turnover of more than one hundred crore rupees Upto 3rd October, 2017 Having turnover of upto one hundred crore rupees Upto 10th October, 2017 2. GSTR-2 All Upto 31st October, 2017 3. GSTR-3 All Upto 10th November, 2017 Explanation.- For the purposes of this notification, the expression turnover has the same meaning as assigned to it in clause (112) of section 2 of the aforesaid Act. 2. The extension of the time limit, for furnishing the details or return, as the case may be, under sub-section (1) of section 37, sub-section (2) of section 38 and sub-section (1) of section 39 of the aforesaid Act, for the month of August, 2017 shall b
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2017 (9) TMI 674 – DELHI HIGH COURT – 2017 (4) G. S. T. L. 439 (Del.) – Additional Levy of IGST – Advance Authorization scheme – The grievance of the Petitioner is that it holds export orders placed on it prior to 1st July 2017 for the fulfilment of which it has to undertake imports of inputs. The Petitioner seeks to explain that, with the change brought about by the GST regime, the Petitioner would have no option but to pay IGST out of its sources causing a working capital blockage.
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Held that: – The exporter prices the export commodity on the basis of the extant FTP. The Indian exporters, in order to remain competitive in the global market, account for the exemptions/concessions given to such exporter under the FTP. Export orders are usually placed several months in advance and the price fixed is not variable beyond a point – If an additional levy is imposed, after the acceptance of such export orders, the resultant burden cannot possibly be passed on by the exporter to the buy
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C.M. No. 27111/2017 Dated:- 11-9-2017 – S. Muralidhar And Prathiba M. Singh, JJ. For the Petitioner : Mr. Abhishek Rastogi, Mr. Rashmi Deshpande, Mr. Ayush A.Mehrotra, Ms. Anjali Krishnan, Mr. Tushar Talwar, Advocates For the Respondents : Mr. Sanjeev Narula, CGSC with Mr. Abhishek Ghai, Advocate for CBEC ORDER 1. The present writ petition is by Narendra Plastic Private Limited, which is engaged in the business of manufacturing and exporting plastic products and has its registered address at Goregaon (East), Mumbai. 2. The Foreign Trade Policy ( FTP ) 2015-2020 was notified by Trade Notification No. 1/2015-2020 dated 1st April 2015 and operationalised by Notification No. 18/2015-Cus dated 1st April 2015. In terms thereof, an Advance Authorization Scheme (AAS) was made available as a duty exemption scheme under Chapter 4. Exporter manufacturers, like the Petitioner, were entitled to duty free import of the input which is physically incorporated in the export product. Imports under the
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g those duties which are exempt from payment for holders of Advance Authorizations. One significant change is that while many of the earlier exemptions listed out hereinbefore continue, for imports made after 1st July 2017, there is an additional levy of an Integrated Goods and Service Tax ( IGST ). Section 3 (7) of the Customs Tariff Act, 1975 ( CTA 1975 ) now provides that: (7) any article which is imported into India shall, in addition, be liable to integrated tax at such rate, not exceeding forty per cent, as is leviable under Section 5 of the Integrated Goods and Service Tax Act, 2017 on a like article on its supply in India, on the value of the imported article as determined under sub-section(8) 5. The grievance of the Petitioner is that it holds export orders placed on it prior to 1st July 2017 for the fulfilment of which it has to undertake imports of inputs. One such export order placed on the Petitioner by Walmart Inc., USA has been enclosed as Annexure-P/3 to C.M. No. 28923/
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ior to 1st July 2017. The Petitioner prays that it should not be asked to pay the additional IGST on such imports as that would make the levy arbitrary and unreasonable. 7. This Court first issued notice in the petition on 1st July 2017 proposing to hear the petition on 30th October 2017. However, the Petitioner filed C.M. No. 28923/2017 seeking an interim order to permit it to make the imports without payment of the additional levy of IGST and also to seek advancement of the date of hearing. On 11th August 2017, while the Court declined interim relief at that stage, it considered it appropriate to advance the hearing of the petition to today. 8. Although the Court had granted the time to the Respondent till 31st August 2017 to file a reply to the petition, it is only today that Mr. Sanjeev Narula, the learned Senior Standing Counsel for the Customs Department, has handed over, to the Court, the counter affidavit dated 11th September 2017 sworn to by Mr. Himanshu Gupta, Principal Commi
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the Ministry of Commerce. 10. The working of the AAS is such that, for the import of inputs made by exporter towards fulfilment of export orders, the credit of customs duty, as specified in the Advance Authorization licenses issued to the exporter, is permitted to be availed of at the time of import. For instance, in the present case, one of the Advance Authorizations issued to the Petitioner specifies the period for which such authorization is valid, i.e. 18 months. It also specifies the quantity and value of the items that are permitted to be imported in order to fulfil the export obligation. In other words, at the time of import of inputs for fulfilment of export obligations, the verification is undertaken by the Customs Department to ensure that the quantity and value of the consignment imported matches what is stated in the Advance Authorization license. 11. The exporter prices the export commodity on the basis of the extant FTP. The Indian exporters, in order to remain competitiv
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3. The Court is of the view that the Petitioner has made out a prima facie case for grant of Prayer (b) in the writ petition, i.e. a direction to the Respondents to allow the Petitioner to continue making the imports under the Advance Authorization licenses issued prior to 1st July, 2017in terms of their quantity and value subject to terms. It is accordingly directed as under: (i) The Petitioner will be permitted to clear the consignments of imports constituting inputs for the fulfilment of its export orders placed on it prior to 1st July 2017 without any additional levies, and subject to the quantity and value as specified in the advance authorization licenses issued to it prior to 1st July 2017. (ii) The above clearance would be subject to (a) verification by the Customs Department that it is in conformity with the quantity and value as mentioned in the Advance Authorization license and (b) ensuring that the extent of credit is available vis-a-vis such Advance Authorization licenses
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GST – 5/2017 – Dated:- 11-9-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 5/2017-Compensation Cess (Rate) New Delhi, the 11th September, 2017 G.S.R. 1148 (E).- In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017- Compensation Cess (Rate), dated the 28th June, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720 (E) dated the 28th
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above. Explanation.- For the purposes of this entry, the specification of the motor vehicle shall be determined as per the Motor Vehicles Act, 1988 (59 of 1988) and the rules made there under. NIL NIL NIL 15% 48 8703 50, 8703 70 Following Vehicles, with both compression-ignition internal combustion piston engine [diesel-or semi diesel] and electric motor as motors for propulsion; (a) Motor vehicles cleared as ambulances duly fitted with all the fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such motor vehicles (b) Three wheeled vehicles (c) Motor vehicles of engine capacity not exceeding 1500 cc and of length not exceeding 4000 mm (d) Motor vehicles other than those mentioned at (a), (b) and (c
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GST – 31/2017 – Dated:- 11-9-2017 – Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 31/2017 – Central Tax New Delhi, the 11th September, 2017 G.S.R. 1145 (E).-In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act) and in supercession of notification No. 26/2017-Central Tax, dated the 28th Aug
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GST – 30/2017 – Dated:- 11-9-2017 – Superseded vide notification no. 58/2017 dated 15-11-2017 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 30/2017 – Central Tax New Delhi, the 11th September, 2017 G.S.R. 1144 (E).- In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and in supercession of notification No. 29/2017-Central Tax, dated the 5th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1129 (E), d
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ered persons Time period for furnishing of details/return (1) (2) (3) (4) 1. GSTR-1 Having turnover of more than one hundred crore rupees Upto 3rd October, 2017 Having turnover of upto one hundred crore rupees Upto 10th October, 2017 2. GSTR-2 All 1[Upto 30th November, 2017] 3. GSTR-3 All 2[Upto 11th December, 2017] Explanation.- For the purposes of this notification, the expression turnover has the same meaning as assigned to it in clause (112) of section 2 of the aforesaid Act. 2. The extension of the time limit, for furnishing the details or return, as the case may be, under sub-section (1) of section 37, sub-section (2) of section 38 and sub-section (1) of section 39 of the aforesaid Act, for the month of August, 2017 shall be subsequen
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Goods and Services Tax – Started By: – Abhijeet Shinde – Dated:- 10-9-2017 Last Replied Date:- 10-8-2018 – Dear All , Company entered in to a contract with a caterer for supply of food in the factory. Only Premises is provided free of cost to caterer. All Material, kichen equipment, Gas, electricity and labour for cleaning by Caterer only. Company not recovers food cost from the employees throgh salary. Kindly Confirm GST Rate & HSN / SAC Code for bill by caterer and please also confirm can company get input tax credit ? – Reply By KASTURI SETHI – The Reply = SAC 996333 ITC not allowed. Rate 18% – Reply By Abhijeet Shinde – The Reply = Thanks Sir, I was search SAC 996333 , it shows 12% for Non AC & 18% for AC Please clarify me on s
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Goods and Services Tax – Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017 – TMI Updates – Highlights
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Goods and Services Tax – GST – Dated:- 9-9-2017 – The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers: List of Goods where changes in rates have been recommended. Changes with regard to services Increase in rate of the Compensation Cess In view of the difficulties being faced by taxpayers in filing returns, the following revised schedule has been approved: Sl. No. Details / Return Tax Period Revised due date 1 GSTR-1 July, 2017 10-Oct-17 For registered persons with aggregate turnover of more than ₹ 100 crores, the due date shall be 3rd October 2017 2 GSTR-2 July, 2017 31-Oct-17 3 GSTR-3 July, 2017 10-Nov-17 4 GSTR-4 July-September, 2017 18-Oct-17
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eshold exemption of ₹ 20 lacs (Rs. 10 lacs in special category states except J & K) and is liable for registration. It has been decided to allow an exemption from registration to persons making inter-State taxable supplies of handicraft goods upto aggregate turnover of ₹ 20 lacs as long as the person has a Permanent Account Number (PAN) and the goods move under the cover of an e-way bill, irrespective of the value of the consignment. Presently, a job worker making inter-State taxable supply of job work service is not eligible for threshold exemption of ₹ 20 lacs (Rs. 10 lacs in special category states except J & K) and is liable for registration. It has been decided to exempt those job workers from obtaining regist
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Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 9-9-2017 Last Replied Date:- 11-9-2017 – SirOn realisation of sales, cash discount is given to customers. Whether GST is applicable on discount as expence. – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 15 (2) of CGST Act, 2017 The value of the supply shall not include any discount which is given- (a) before or at the time of the supply if such discount has been duly recorded in the invoice issued in r
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Goods and Services Tax – Started By: – subrat padhy – Dated:- 9-9-2017 Last Replied Date:- 12-9-2017 – 1. Is it necessary to register for GST for a national medical conference?If yes then for what purpose?2. If i had done an agreement under WCT, in which on 60% supply was free of taxation and only 40 % with 15% service tax then what will be the calculation for GST now?3. Can a hospital can take input credit on consumable items like chemicals,oxygen? if yes then how?Kinldy discuss the same and help me out as i have to be updated in regards of GST for my company.thanking you. – Reply By KASTURI SETHI – The Reply = In my view point-wise reply is as under:-1. Not required. Healthcare services are exempted from GST.2. No abatement facility in G
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s activities carried out by hotels in relation to the convention like event management. These activities attract gst. Not exempted under health services. – Reply By KASTURI SETHI – The Reply = Yes. Sh.Himansu Sekhar is 100 % right. I have explored all possiblities. Medical conference cannot be covered under Healthcare Services. Healthcare Services are for treatment or diagnosis of illness. Undoubtedly, the ultimate goal of conference is healthcare but at present GST law does not allow exemption. However, I am of the view that if service providers/ Suppliers of this service make joint representation to GST Council, they can be successful. The word, Medical can yield positive results i.e. benefit of exemption from GST. I think so. There is no
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