Goods and Services Tax

Goods and Services Tax – Started By: – nandankumar roy – Dated:- 12-8-2017 Last Replied Date:- 14-8-2017 – I WANT TO KNOW ANY OUTWARD FREIGHT BY GTA ,IT WILL ATTRACT 5 % ON RCM 9(3) AS A SERVICE RECEIVER WHERE TRANSPORTER NOT CHARGED ANY GST BUT WHEN OUTWARD SUPPLY GOING THRU BLUE DART CARGO PROVIDER THEN THEY ARE CHAGING 18% GST ON BILL. IN CASE OF BLUE DART CHARGED GST CAN BE PERMISIBLE TO TAKE ITC OF GST CHARGED AMT OR IN FINAL ANY CRDIT NOT PERMISSIBLE AGAINST FREIGHT OUTWARD SUPPLY AND WHE

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – AnilKumar Vyas – Dated:- 12-8-2017 Last Replied Date:- 12-8-2017 – Dear Experts,Please suggest, is it correct? if no, please suggest correct tax applicability Sr. No Transaction Applicable GST Supplier State Bill to State Ship to State Supplier >> Buyer Buyer >> Ship to 1 Haryana Haryana Haryana CGST + SGST CGST + SGST 2 Haryana Haryana Rajasthan CGST + SGST IGST 3 Haryana Rajasthan Haryana IGST IGST 4 Haryana Rajasthan Rajasthan IGST CGST + SG

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – nandankumar roy – Dated:- 12-8-2017 Last Replied Date:- 12-8-2017 – PLEASE CONFIRM OUTWARD SUPPLY OF OUR MFG UNIT GOING THROUGH BLUE DART CARGO AND CHARGING GST 18% CAN WE ARE ABLE TO CLAIM IN ITC.PL CONFIRM AND 2ND POINT IN CASE OF UNREGISTERED SUPPLIED PARTY RCM TO BE SHOWN UNDER 9(4) AND GST CAN BE SHOWN IGST INSTEAD OF CGST AND SGST .PL CONFIRM.REGARDS ROY – Reply By Rajagopalan Ranganathan – The Reply = Sir, You cannot avail ITC in respect of outward supply of your manufactured goods. Only the buyer of your manufactured goods can avail the credit if he pays GST as consignee. If the unregistered supplier is from other state then you have to pay IGST on reverse charge basis as per section 5 (4) of

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – nandankumar roy – Dated:- 12-8-2017 Last Replied Date:- 14-8-2017 – GST RETURN IN CASE OF OUR ONE MANUFACTURING UNIT AND ANOTHER TRADING BRANCH IN SAME STATE IN DIFFERENT LOCATION UNDER ONE GSTN NUMBER WHICH IS TAKEN UNDER MFG UNIT AND 2ND LOCATION SHOWN AS A BRANCH DEPOT AT THE TIME OF REGISTRATION AND OUR INVOICE APPX 800/PM AND BRANCH INV 400/PM HOW IT WILL BE EFFECT IN GSTR RETURN AT THE TIME OF INV NO .PL HELP – Reply By Ramaswamy S – The Reply = One

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Tax Deducted at Source (TDS) in Goods & Services Tax (GST) – Goods and Services Tax – GST – Dated:- 12-8-2017 – Tax Deducted at Source (TDS) in Goods & Services Tax (GST) – News – Press release

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST won t put any pressure on GDP growth: Rangarajan – Goods and Services Tax – GST – Dated:- 12-8-2017 – Hyderabad, Aug 11 (PTI) Former Reserve Bank Governor C Rangarajan today said the GST rollout has been smooth barring some initial hick ups and maintained the new regime is just an extension of Value-Added Tax (VAT) and will not put any pressure on GDP growth figures. I don't think it (GST) will put any pressure on the GDP growth. There are always teething problems when a far- reaching scheme is introduced. But it appears so far things have moved rather smoothly and GST, in some sense, is an extension of VAT, which is already an ongoing scheme in India, he said. Therefore, some new things have emerged and new things have to be done b

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

banks' balance sheets also become weak, said the former chairman of the Prime Minister's Economic Advisory Council. The noted economist said some of the bad loans are due to a slowdown in the economy and asset restructuring companies are part of the solution. The solution to clean up the balance sheet of banks lies in taking some hair cut. Even though hair cut can not be avoided, wilful defaulters must not go unpunished. Rangarajan, who was the helm of the RBI from December 1992 to November 1997, said it is necessary for India to grow at 8 to 9 per cent annually to reach per capita GDP of USD 8,000 by 2030 from the current levels of USD 1,600. Referring to a recent study, he said the total cost of projects initiated by the corporate

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – GST – By: – KIRTIKUMAR PUROHIT – Dated:- 12-8-2017 Last Replied Date:- 17-8-2017 – According to the relief provided by the government in GST, the GSTR-3 returns from July 11 to September 15 are to be filled in September and the return in the month of August is to be filled by September 26. Apart from this, the GSTR 3B returns in July will be available by August 20 and the return date for August is 20th September. As per Section 140 of CGST Act, the registered person has forwarded the input tax credit to the person who has filed the return of previous law, and in some cases it is applicable to stock up to June 30. According to the provisions of the law, if IT returns are filed in farm trans-1, this ITC is available,

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – Sunil Jain – Dated:- 12-8-2017 Last Replied Date:- 7-8-2018 – Garment Manufacturing Under GST regime Garment Manufacturing unit is also obtained for registration and invoiced to client as Job Work Stitching under SAC Code 998822 (at GST rate 5% revised on 5.8.17). Can we now purchase all accessory under and issue consolidated bill under Garment related HSN code 6114, covering PO price (Job Working + Trims total cost). (applicable GST rate @5% for Inv value

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – NAUSHERAWAN SM – Dated:- 11-8-2017 Last Replied Date:- 14-8-2017 – Let me know whether ITC will be eligible of outdoor caterer supplying and serving foods and beverages in a company canteen for the employee registered under Factory Act, 1948.. Also let me know whether any purchases more than ₹ 5000/- for company pantry like tea, biscuits, cold drinks etc from unregistered party will attract GST in RCM. – Reply By HimansuSekhar Sha – The Reply = Foods

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

FEMA – Started By: – Ramaswamy S – Dated:- 11-8-2017 Last Replied Date:- 14-8-2017 – An EOU can pay in Foreign Currency to another EOU on the procurement. IN other words EOU can bill in FC to another EOU (pre GST).Under the GST, EOU is treated at par with DTA. In that case can an EOU bill to another EOU in FC or in other words the settlement of the invoice by one EOU to another in FC.Expert views solicited.RegardsS.Ramaswamy – Reply By RAMESH PRAJAPATI – The Reply = EOU scheme still exists in t

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

TRANSITIONAL PROVISIONS IN GST – Goods and Services Tax – GST – Dated:- 11-8-2017 – TRANSITIONAL PROVISIONS IN GST – News – Press release

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

INPUT TAX CREDIT & RELATED ASPECTS – Goods and Services Tax – GST – Dated:- 11-8-2017 – INPUT TAX CREDIT & RELATED ASPECTS – News – Press release

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – Ramaswamy S – Dated:- 11-8-2017 Last Replied Date:- 12-6-2018 – As per DGFT TN dated 30.06.2017 read with Customs Notification 59/2017, the EOU needs to pay back the customs duty foregone on DTA clearances. The exemption allowed under 52/2003 is withdrawn in Notification 59/2017. Whether the EOU needs to pay the customs duty on Transaction Value of clearance of scrap or they need to repay the duty foregone proportionately. Secondly, when the customs duty at the full rate is payable on the DTA clearances, whats the need for fixing the Norms. The Norms has lost its sanctity. Request the experts views Regards S.Ramaswamy – Reply By RAMESH PRAJAPATI – The Reply = As I understand, on imports BCD exemption

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

committee. Otherwise BCD on inputs is required to be paid. – Reply By Abhijeet Bandal – The Reply = Query : As per amended exemption notification, there is no need to pay back the BCD on inputs used in process related to waste, scrap if it is within SION or as per norms approved by norms committee. Otherwise BCD on inputs is required to be paid. Reply: As per para 6.08 (a) (v) of FTP 2015-20 there is no such provision to prevent BCD reversal on scrap or waste sale in DTA, if it is within SION or as per norms approved by norms committee. The relevant para of FTP is attached for your ready reference; 6.08 DTA Sale of Finished Products / Rejects / Waste/ Scrap / Remnants and By-products; (v) The DTA sale by EOU/EHTP/STP/BTP units shall be subj

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 11-8-2017 Last Replied Date:- 12-8-2017 – We have buy wine from wine merchant to serve our customer. The wine merchant has issued without GST invoice saying they are not covered under GST. The expenses booked in company books.The above bills can we do RCM if yes what is rate of GST. – Reply By Ramaswamy S – The Reply = Alcohol is outside the ambit of GST. Since it is outside the GST, question of RCM does not arise – Reply By

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – Pradeep Kaushik – Dated:- 11-8-2017 Last Replied Date:- 11-8-2017 – Dear Sir/s, Please share the process for Export under GST regime. Earlier, there was no need to pay duties and taxes on the procurements for Export. In this case, we have to provide ARE-1 and Proof of Export to our Supplier in India. But, currently, our supplier is insisting to charge the IGST on the Supply. It will make big impact on our cash flow. Please suggest how to proceed without pa

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – GST Law and Procedure – 012 – Chapter Twelve Reverse Charge Mechanism in GST Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism. Reverse Charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. There are two type of reverse charge scenarios provided in law. First is dependent on the nature of supply and/or nature of supplier. This scenario is covered by section 9 (3) of the CGST/SGST (UTGST) Act and section 5 (3) of the IGST Act. Second scenario is covered by section 9 (4) of the CGST/SGST (UTGST) Act and section 5 (4) of the IGST Act where taxable supplies by any unregistered person to a registered person is covered. As per the provisions of section 9(3) of CGST / SGST (UTGST) Act, 2017 / sec

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ered supplier, he need to pay GST on reverse charge basis. However, supplies where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the unregistered suppliers is less than five thousand rupees in a day are exempted. (Notification 8/2017-Central Tax (Rate) dated 28.06.2017). However, vide notification no.38/2017-Central Tax (Rate) dated 13.10.2017, (corresponding IGST notification no.32/2017-Integrated Tax (Rate) dated 13.10.2017) all categories of registered persons are exempted from the provisions of reverse charge under 9(4) of CGST / SGST (UTGST) Act, 2017 / section 5(4) of IGST Act, 2017, till 31.03.2018. This exemption is available only till 31.03.2018. The provisions of section 9(4) of the CGST Act, 2017, will not be applicable to supplies made to a TDS deductor in terms of notification no.9/2017-Central Tax (Rate) dated 28.06.2017. Thus, Government entities who are TDS Deductors under Section 51 of CGST Act, 2015, n

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

the date immediately following thirty days from the date of issue of invoice or similar other document. In case of supply of services, time of supply is earliest of – a) date of payment as per books of account or date of debit in bank account, whichever is earlier; or b) the date immediately following sixty days from the date of issue of invoice or similar other document. Where it is not possible to determine time of supply using above methods, time of supply would be date of entry in the books of account of the recipient. Compliances in respect of supplies under reverse charge mechanism: 1. As per section 31 of the CGST Act, 2017 read with Rule 46 of the CGST Rules, 2017, every tax invoice has to mention whether the tax in respect of supply in the invoice is payable on reverse charge. Similarly, this also needs to be mentioned in receipt voucher as well as refund voucher, if tax is payable on reverse charge. 2. Maintenance of accounts by registered persons: Every registered person is

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

urist Any registered person 4 Silk yarn Any person who manufactures silk yarn from raw silk or silk worm cocoons for supply of silk yarn Any registered person 4A Raw cotton Agriculturist Any registered person. 5 Supply of lottery State Government, Union Territory or any local authority Lottery distributor or selling agent 6 Used vehicles, seized and confiscated goods, old and used goods, waste and scrap Central Government, State Government, Union territory or a local authority Any registered person Supplies of services under reverse charge mechanism: S/No. Description of supply of Service Supplier of service Recipient of Service 1 Any service supplied by any person who is located in a non-taxable territory to any person other than non-taxable online recipient. Any person located in a non-taxable territory Any person located in the taxable territory other than non-taxable online recipient. 2 GTA Services Goods Transport Agency (GTA) who has not paid integrated tax at the rate of 12% Any

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

or Union territory or local authority; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) transport of goods or passengers. Central Government, State Government, Union territory or local authority Any business entity located in the taxable territory 7 Services supplied by a director of a company or a body corporate to the said company or the body corporate A director of a company or a body corporate The company or a body corporate located in the taxable territory 8 Services supplied by an insurance agent to any person carrying on insurance business An insurance agent Any person carrying on insurance business, located in the taxable territory 9 Services supplied by a recovery agent to a banking company or a financial institution or a non-banking financial company A recovery agent A banking company or a financial institution or a non-banking financial company, located in the taxable territory 10 Services supplied by a per

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – phani raju konidena – Dated:- 11-8-2017 Last Replied Date:- 12-8-2017 – Sir, We are issuing GST Tax Invoices for each and every container for export on payment of duty. The consignment will be completed for 5000 M.T on bulk export from factory to port, for which we have to raise 200 tax invoices and accordingly ONE Shipping Bill is prepared by the Custom House Agent. To get the refund of IGST paid, it should have to mention all the GST Tax Invoice numbers in the 'Shipping Bill', how is it possible. What is the procedure we have to follow, kindly advise. – Reply By Rajagopalan Ranganathan – The Reply = Sir,Attach a statement listing the invoices covered by the Shipping Bill. – Reply By Ramaswam

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods and Services Tax – Started By: – pawan agrawal – Dated:- 11-8-2017 Last Replied Date:- 11-8-2017 – Do all brokers provide intermediary servicerequire compulsory GST registration and not benefit of threshold limit? if service related to interstate then what will be situation.. – Reply By Ramaswamy S – The Reply = If the supplies are interstate then the service provider is to get registered mandatorily. The threshold limit of 20 lacs/ 10 lacs is applicable only if the supplies are within th

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – States – Tax/4(53)/GST-NOTN/2016/01 – Dated:- 11-8-2017 – GOVERNMENT OF MANIPUR DEPARTMENT OF TAXES NOTIFICATION Imphal, the 11th August, 2017 No. Tax/4(53)/GST-NOTN/2016/1:- In exercise of the powers conferred by sub-rule (5) of rule 61 of the Manipur Goods and Services Tax Rules, 2017, read with section 168 of the Manipur Goods and Services Act, 2017 (3 of 2017), the Commissioner, on the recommendations of the Council, specifies that the return for the month as specified in column (2) o

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2017 (8) TMI 1171 – DELHI HIGH COURT – 2017 (358) E.L.T. 99 (Del.) – SSI exemption – dummy units – It was found that while the Show Cause Notice (‘SCN’) was issued to the Respondent and three of its directors, no SCN was issued to the dummy units – Held that: – each of the four units have independent existence as private limited companies or partnerships. Two of them were stated to be existing even prior to the incorporation of the Respondent – without issuing the SCN to the other units, the clearance of those units could not be combined with that of the Respondent – appeal dismissed – decided in favor of respondent-assessee. – CEAC No. 22/2017 & CM APPL 28676/2017 Dated:- 11-8-2017 – S. MURALIDHAR & PRATHIBA M. SINGH JJ. Appellant Th

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

uring of cardboard cartons but is not registered with the department since the turnover was much below the threshold limit under CE Act. 3. According to the Department, the Respondent was manufacturing the excisable goods by using various dummy units that were managed and controlled by the Directors of the Respondent. It was found that while the Show Cause Notice ( SCN ) was issued to the Respondent and three of its directors, no SCN was issued to the dummy units. The demand raised in the SCN was confirmed by the impugned order of the CCE dated 27th February, 2009. 4. One of the points urged by the Respondent before the CESTAT was that the turnover of the four dummy units i.e. Unichem Engineering (P) Ltd., Anant Packaging, Akriti Packaging

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

mier Heavy Engineering Corporation v. CCE 2016 (337) ELT 332 (Guj). The CESTAT quashed the demand confirmed by the impugned adjudication order. 6. Mr. Harpreet Singh, learned Senior Standing Counsel for the Department, relied on the decision of this Court in Diwan Sahib Fashions Pvt. Ltd. v. CCE, Delhi-I 2013 (288) ELT 529 (Tri-Del). 7. Having perused the said decision, the Court finds that it is distinguishable in its application to the facts of the present case. In that case, both the units whose turnover was sought to be clubbed were in fact issued the SCN. On the other hand, in the present case, the turnover of the four units whose turnover was sought to be clubbed with that of the Respondent were not issued the SCN. 8. The Court finds

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2017 (8) TMI 1170 – DELHI HIGH COURT – 2017 (358) E.L.T. 143 (Del.) – Clandestine manufacture and removal – According to the Department, unaccounted copper ingots and kachi parchis were found during search – Held that: – The view taken by the CESTAT on an appreciation of the evidence, in the facts and circumstances of the case, cannot be said to be improbable. Mr. Harpreet Singh was unable to persuade the Court to hold that there was any perversity vitiating the said findings – appeal dismissed – decided against Revenue. – CEAC No. 21/2017 & CM APPL 28675/2017 AND CEAC No. 23/2017 & CM APPL 28677/2017 Dated:- 11-8-2017 – S. MURALIDHAR & PRATHIBA M. SINGH JJ Appellant Through: Mr. Harpreet Singh, Senior Standing Counsel with Ms. Namrat

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

that during the time of search Mr. Satish Kumar Chopra, the General Manager of the company, was present and a panchnama was drawn on the spot. According to the Department, unaccounted copper ingots and kachi parchis were found. 3. On 31st July, 2007 a Show Cause Notice ( SCN ) was issued to the Respondents. By the order in original dated 27th March, 2009 passed by the CCE a demand of ₹ 4,34,73,449.87/- was confirmed. Apart from this, penalty and interest was also levied. 4. Aggrieved by the above adjudication order, both the Respondents filed their respective appeals before the CESTAT which were allowed by the common impugned order dated 26th December, 2016. 5. The Court has heard the submissions of Mr. Harpreet Singh, Senior Standin

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ods. Reliance is placed by the Department on the statement made by Mr. S. K. Chopra which, however, was retracted. During cross-examination, Mr. Chopra claimed that the initial statement was recorded under threat of arrest. 8. As far as the 102 slips found in File 25 of the seized records was concerned, reliance is placed by the Department on the statements recorded of one Mr. Gopal Krishnan as well as Mr. S. K. Chopra. The CESTAT found that the explanation given by these two deponents was contradictory in terms of the figures and other particulars and, therefore, was unreliable. 9. The view taken by the CESTAT on an appreciation of the evidence, in the facts and circumstances of the case, cannot be said to be improbable. Mr. Harpreet Singh

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – States – Circular No. 01/2017 TNGST – Dated:- 11-8-2017 – GOVERNMENT OF TAMIL NADU COMMERCIAL TAXES DEPARTMENT Ezhilagam, Chepauk, Chennai 5 Circular No. 01/2017 TNGST (Re 085/2016 Taxation A1) Dated: 11-08-2017 Subject: Submission of Bond/Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under the IGST Act. 1. The Tamil Nadu Goods and Services Tax Act, the Central Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, have come into force with effect from 1st July 2017. 2. Section 16(3) of the Integrated Goods and Services Tax Act, 2017 (hereinafter referred to as the IGST Act ) provides that a registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely:- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

of integrated tax paid on export of goods or services can be availed by submission of bond or Letter of Undertaking in Form GST RFD-011. 5. Any registered persons availing the option to supply goods or services for export without payment of integrated tax is required to furnish, prior to export, a bond or a Letter of Undertaking in FORM GST RFD-11 to the jurisdictional Commissioner, binding himself to pay the tax due along with the interest specified under sub-section (1) of section 50 within a period of,- (a) Fifteen days after the expiry of three months from the date of issue of invocie tor export, if the goods are not exported out of India: or (b) Fifteen days after the expiry of one year, or such further period as may be allowed by the Commissioner, from the date of issue of invoice for export, if the payment of such services is not received by the exporter in convertible foreign exchange. 6. In this background queries have been received from the Trade and Merchantile Associations

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

tax payers to respective authority is implemented. However, if in a State, the Commissioner of State Tax so directs, by a general instruction, to exporter, the Bond/LUT in all cases be accepted by Central Tax officer till such time the said administrative mecahnism is implemented, Central Tax officers are directed to take every step to facilate the exporters. 8. It is relevant to note that section 4 of Integrated Goods and Services Tax Act, 2017 provides that the officers appointed under the State Goods and Services Tax Act or the Union Territory Goods and Services Tax Act are authorised to be the proper officers for the purposes of the Integrated Goods and Services Tax Act, 2017 and Notification No. 4/2017 – Integrated Tax, dated the 28th June, 2017 provides that the Central Goods and Services Tax Rules, 2017, for carrying out the provisions specified in section 20 of the Integrated Goods and Services Tax Act, 2017 shall, so far as may be, apply in relation to integrated tax as they

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

etter of Undertaking in place of a bond (vide Notification No. 16/2017 Central Tax, dated 07-07-2017):- (a) a status holder as specified in paragraph 5 of the Foreign Trade Policy 2015-2020; or (b) who has received the due foreign inward remittances amounting to a minimum of 100% of the export turnover, which should not be less than one crore rupees, in the preceding financial year, and he has not been prosecuted for any offence under the Central Goods and Services Tax Act, 2017 (12 of 2017) or under any of the existing laws in case where the amount of tax evaded exceeds two hundred and fifty lakh rupees. 11. The Letter of Undertaking shall be furnished in duplicate for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Central Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – States – FA 3-55/2017-1-V-(87) – Dated:- 11-8-2017 – Bhopal, the 11th August 2017 No. F-A 3-55-2017-1-V-(87). In exercise of the powers conferred by sub-rule (5) of Rule 61 of the Madhya Pradesh Goods and Services Tax Rules, 2017 read with Section 168 of the Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017), the Commissioner, on the recommendations of the Council, specifies that the return for the month as specified in column (2) of the Table below shall be furnished in FOR

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – States – C1-24614/16/CT E-office 11137/17 – Dated:- 11-8-2017 – Office of the Commissioner, Kerala Goods and Services Taxes Department, Tax Tower, Thiruvananthapuram. C1-24614/16/CT E-office 11137/17 Dated 11th August 2017 ADVISORY – 4 Sub:- GST- Composition Scheme – reg Normally the taxable person is required to pay CST at specified rate on supply of goods or services. However, the CST law provides simplified scheme under Section 10 for payment of taxes under composition scheme for small and medium business enterprises. It is merely an extension of presumptive tax payer scheme under the VAT laws. The objective of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers. It is an optional scheme, instead of paying tax at normal rate. The composition scheme minimizes the burden of compliance and saved from the maintenance of elaborate records and filing of detailed returns. There is no restriction on procuring goods from inter-state supp

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

for composition scheme. ix) The person opting the composition scheme shall not collect composition tax for the supplies made. x) The person opting the composition scheme is not eligible to avail input tax credit. xi) Stock held as on 30th June, 201 7 shall not include imported or interstate purchased goods. xii) Stock held as on 30th June, 2017 shall not include goods purchased from unregistered supplies. However such persons can opt the scheme after paying tax at CST schedule rate. xiii) If more than one registration is token against a single PAN, all registered persons shall opt this scheme. xiv) A composition taxpayer shall display the word 'Composition taxable person' in the signboard. A composition taxpayer cannot issue a tax invoice but issue bill of supply. In the top of the bill of supply endorse the word 'Composition taxable person, not eligible to collect tax on supplies'. A buyer from composition dealer is not eligible to claim input tax on such goods. Specim

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

for Supplier /Seal/ Authorised signatory Name of Firm Conditions: Bill No. shall not exceed 16 characters. Multiple bill series can be used but unique for a financial year. If the recipient is not a registered dealer and not requested invoice, a consolidated tax invoice to be issued for such supplies at the close of each day. Quantum of Tax payable: A registered taxpayer. who opt the Composition Scheme, shall be required to pay tax on the aggregate turnover. Turnover in State means aggregate value of taxable and exempted supplies. The specified rate is shown below: Category CGST Rate SGST Rate Manufacturers :- Excluding manufactures of i) Ice Ice cream and other edible ice, whether or not containing cocoa) ii) Pan Masala. iii) Tobacco and manufactured tobacco substitutes. 1% 1% Restaurant Services (Excluding supply of liquor) 2.50% 2.50% Any other supply 0.50% 0.50% Intimation for composition: i) As per Rule 4 of CST Rules, a taxable person migrated from pre-GST period con file option

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

er shall file an application electronically in Form GST CMP-04. Return Filing: A person opting composition scheme is required to furnish single quarterly return i.e. GSTR-4 and an annual return in FORM GSTR-9A. The GSTR-4 contains details of the turnover in the State, inward supplies of goods/ services and tax payable. A person opting for composition levy will have to pay tax on quarterly basis. The details in GSTR-4 should be furnished between 11th and 18th of the month succeeding the quarter during which the supplies were made. Breach of conditions: If the proper officer has reason to believe that a composition dealer has wrongly availed the benefit under the composition scheme, then such a person shall be liable to pay all the taxes under the normal scheme. In such scenario officer shall issue a show cause notice 10 such person in Form GST CMP-05. On receipt of the notice, reply shall be filed electronically within days in Form GST CMP-06. Based on the reply, proper officer shall is

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST – States – EXN-F(10)-25/2017 – Dated:- 11-8-2017 – EXCISE AND TAXATION DEPARTMENT NOTIFICATION Shimla-171002, the 11th August, 2017 No. EXN-F(10)-25/2017.-In exercise of the powers conferred by section 164 of the Himachal Pradesh Goods and Services Tax Act, 2017 (10 of 2017), the Governor of Himachal Pradesh is pleased to make the following rules further to amend the Himachal Pradesh Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Himachal Pradesh Goods and Services Tax (Fourth Amendment) Rules, 2017. (2) Save as otherwise provided, they shall come into force on the date of publication in the Official Gazette. 2. In the Himachal Pradesh Goods and Services Tax Rules, 2017, (i) in rule 24, with effect from

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

per the generally accepted accounting principles for the date of time of supply of such services in terms of section 13 of the Act. ; (iii) in rule 46, with effect from 1st July, 2017, for the third proviso, the following proviso shall be substituted, namely:- Provided also that in the case of the export of goods or services, the invoice shall carry an endorsement SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS ON PAYMENT OF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT/SUPPLY TO SEZ UNIT OR SEZ DEVELOPER FOR AUTHORISED OPERATIONS UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX , as the case may be, and shall, in lieu of the details specified in clause (e), contain the following detai

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

(a) Part A of the return in FORM GSTR-3 shall be electronically generated on the basis of information furnished through FORM GSTR-1, FORM GSTR-2 and based on other liabilities of preceding tax periods and PART B of the said return shall be electronically generated on the basis of the return in FORM GSTR-3B furnished in respect of the tax period; (b) the registered person shall modify Part B of the return in FORM GSTR-3 based on the discrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR 3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amount shall be credited to the elec

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =