Goods and Services Tax

Goods and Services Tax – GST – By: – CA Seetharaman K C – Dated:- 25-7-2017 Last Replied Date:- 28-7-2017 – The position of SEZ Units is quite clear as per the IGST Act Section 16 (1) of which states very emphatically that the supplies made to SEZ s are zero rated. Moreover Section 16(2) of the IGST Act states that except for the inputs as specified in sub-section (5) of Section 17 of the CGST Act, input tax credit can be availed for all these zero-rated supplies made to the SEZ virtually signifying that all these taxes paid would be eventually refunded in parity with the maxim that Taxes should not be Exported Further Section 16 (3) goes to state that the supplier to the SEZ (Registered Person making supplies to the SEZ) has two options which are as follows: Submit a Letter of Undertaking (LUT) or a Bond and supply at zero rate to the SEZ and claim input tax paid on input for such supplies made to the SEZ OR Alternatively pay IGST on the goods or services supplied and claim the refun

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following registered person shall be eligible for submission of Letter of Undertaking in place of a bond: – (a) a status holder as specified in 1[paragraphs 3.20 and 3.21] of the Foreign Trade Policy 2015-2020; or (b) who has received the due foreign inward remittances amounting to a minimum of 10% 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. ii. 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 worki

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umber of the SEZ unit and are also willing to do the required entries while filing their sales details but they are not prepared to supply at zero rate to the units. The SEZ Units do not have any alternative but to pay the IGST charged by these suppliers to keep their production and exports going and only hope that the Government would be kind enough to refund these taxes paid by them till all this confusion settles. – Reply By Prasanna Cp – The Reply = As per section 16(1) Zero rated supply means: (a) export of goods or services or both; or (b) supply of goods or services or both to a SEZ developer or a SEZ unit. hence SEZ units making exports of goods and services will also be eligible to claim refund. – Reply By A K Reddy and CO – The Reply = Hello sir, A nice article, But I would like to bring to your notice that the Notification No. 18/2017 -Integrated Tax (Rate) New Delhi, the 5th July, 2017 clearly exempts services imported by a unit or a developer in the Special Economic Zone f

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oday after the advent of GST these SME units find it difficult to meet the conditions of Bond etc and are charging full IGST on their supplies made to SEZ units. Although it is a fact that the tax paid by the SEZ units can be claimed as refund as they are exporting their output, the fact remains that by declaring supplies being made to the SEZ as zero rated is not actually helping the SEZ units in any manner as the formalities surrounding the claiming of inputs by the supplier is so complicated that no supplier would venture to go into such problems and would instead prefer to charge the tax and forget about it. Hence these provisions are not helping SEZ units in any anyway and instead they are now paying IGST and will be able to claim the refund of these taxes paid only after their suppliers have filed their returns and paid the taxes and after the SEZ unit has exported the goods. – Reply By JAIPRAKASH RUIA – The Reply = Dear Sir, 1) In case of paying the IGST by supplier for SEZ supp

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Tax Deduction as per Section 51 Goa Goods and Services Tax Act, 2017 and Section 51 of the Cent Goods and Services Tax Act, 2017 and procedure / guidelines to be followed by Drawing and Disbursing Officers (DDO s) / Government Departments or Government Agencies / Local authorities etc. of the State Government. – GST – States – 8/1/2017-Fin (R&C) – Dated:- 25-7-2017 – Government of Goa Department of Finance (Revenue & Control) Secretariat, Porvorim, Bardez – Goa – 403521. No. 8/1/2017-Fin (R&C) Dated:- 25/07/2017 CIRCULAR Sub:- Tax Deduction as per Section 51 Goa Goods and Services Tax Act, 2017 and Section 51 of the Cent Goods and Services Tax Act, 2017 and procedure / guidelines to be followed by Drawing and Disbursing Officers (DDO's) / Government Departments or Government Agencies / Local authorities etc. of the State Government. The Goa Goods and Services Tax Act, 2017 (SGST) and the Central Goods and Services Tax Act, 2017 (CGST) has come into force with effect from 01

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nt on the recommendations of the Council (viz. Goods and Services Tax Council), as tax deductor. 2. Registration : (a) The registration as a deductor is compulsory for every Drawing and Disbursing Officer (DDO) in the State of Goa. For obtaining registration as deductor, an application in Form REG 07 , will have to be filled appropriately and uploaded on the GST portal of the Goods and Services Network (GSTN) viz. www.gst.gov.in. (b) The applicant / DDO should have a valid TAN as also valid e-mail ID / address. (c) During the registration process, DDO is advised to quote TAN (Tax Account Number) allotted by the Income Tax Department in place of PAN (Permanent Account Number). (d) The GST portal, will allot an unique GSTIN (Goods & Services Tax Identification Number). (e) Each DDO shall intimate the GSTIN allotted; to the Directorate of Accounts by 14th August, 2017. Note 1: The registration process for DDO's is expected to commence from 28th July, 2017 on the GST portal. 3. TDS

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r, will be as follows: (i) Basic price . . . ₹ 20,00,000/- (ii) CGST 9% . . . ₹ 1,80,000/- (iii) SGST 9% . . . ₹ 1,80,000/- (iv) Total . . . ₹ 23,60.000/- (b) Method to pay GST : (i) The DDO XYZ shall deduct TDS in terms of Section 51 of the SGST Act and CGST Act, in the following manner: (i) Basic Price . . . ₹ 20,00,000/- (ii) 02% TDS . . . ₹ 40,000/- (1% CGST plus 1% SGST) Note 2: In terms of Notification No. 38/1/2017-Fin (R&C)(6) dated 30/06/2017, section 51 of the SGST Act, as also, section 51 of the CGST Act has not been brought into force and the above levy shall be made on such supplies which are billed on or after the date on which section 51 comes into force. Note 3: Basic Price means price after including base price, charges towards packaging & forwarding, C & F, Insurance, Freight etc. except CGST and SGST plus cess. That is to say, no tax shall be deducted on SGST, CGST or IGST (Integrated Goods and Services Tax) tax amount

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he invoice and supply was done by the dealer on 02nd July, 2017 to the DDO, who thereafter processed the FVC bill for payment to the Directorate of Accounts; which in turn was cleared on 22nd July, 2017; than the payment of TDS shall have to be made on or before 10th August, 2017. (v) For the purpose of making payment of TDS deducted as per clause 3(b)(ii) above, the DDO, shall generate an online tax payment challan from the GST portal, in Form GST-PMT-06 . He may then proceed to make payment of this challan, by quoting the unique CPIN (common portal identification number) which is generated alongwith the online tax payment challan; either : – (1) through online payment, using SBI payment gateway or SBI Internet Banking facility, or (2) through NEFT/RTGS at any SBI branch; only. Note 4: DDO should ensure that while making payments CPIN is clearly visible and quoted during this transaction. (vi) Thereafter, the DDO shall furnish a certificate in Form GSTR-7A to the deductee (viz. the de

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f making such payment) in the prescribed Form GSTR-7A . (d) DDO is required to file a monthly return, electronically, in the prescribed Form GSTR-7 ; within ten days after the end of the month in which deductions are made, as provided under sub-section (3) of section 39 of the SGST as well as CGST Acts. Illustration: In the example given under clause 3(b)(iv) above, since the deductions were made in the month of July' 2017, the monthly return shall have to be files on or before 10th August, 2017. (e) In case the DDO fails to pay/ remit to the Government the amount deducted, within the prescribed time limits; he shall be liable to pay interest at the rate of 18% in addition to the amount of tax deducted for the period of delay; in terms of sub-section (6) of section 51 read with sub-section (1) of section 50 of the SGST as well as CGST Acts. DDO shall be personally liable to pay this amount in case of the aforementioned default, which shall be recovered from his pay and allowances.

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nment the amount deducted as tax, then the deductor i.e. DDO shall be liable to pay a penalty equivalent to the amount of TDS not deducted or short deducted or deducted but not paid to the Government or ₹ 10,000/-, whichever is higher; in terms of sub-section (1) of section 122 of the SGST as well as CGST Acts. DDO shall be personally liable to pay this amount in case of the aforementioned default, which shall be recovered from his pay and allowances. 4. All DDO's / Heads of Departments are required to strictly adhere to the aforesaid instructions and ensure timely deduction of TDS, its payment, issuance of TDS certificate and filing of monthly returns. 5. Instructions contained in this Circular are for the guidance of the Drawing and Disbursing Officers of the State Government and are clarificatory in nature and cannot be made use for interpretation of the provisions of law as in force. 6. This issues with the approval of the Government vide U.O. No. 1132/F (1400039445) date

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GST – States – 01/2017-PUDUCHERRY GST – Dated:- 25-7-2017 – GOVERNMENT OF PUDUCHERRY COMMERCIAL TAXES DEPARTMENT F.No. 3074/CTD/GST/2017. Puducherry, dated 25th July 2017. ORDER No. 01/2017-PUDUCHERRY GST Extension of time-limit, for filing intimation for composition levy under sub-rule (1) of rule 3 of the Puducherry Goods and Services Tax Rules, 2017 In exercise of the powers conferred by section 168 of the Puducherry Goods and Services Tax Act, 2017 (Act No. 6 of 2017), read with sub-rule (1

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Assignment of Powers and Duties to Officers of State Tax as Proper Officer under the OGST Act 2017 – GST – States – 11516/CT POL-41/1/2017 – Dated:- 25-7-2017 – OFFICE OF THE COMMISSIONER OF COMMERCIAL TAXES ODISHA, CUTTACK Dated. 25-07-2017 No. 11516/CT POL-41/1/2017 NOTIFICATION Sub: Assignment of Powers and Duties to Officers of State Tax as "Proper Officer" under the OGST Act' 2017 1. The State Government of Odisha, in exercise of its power under Section 3 of the OGST Act' 2017, have appointed, vide Finance Department Notification No. 19493 Dated 24.06.2017, the following classes of officer for the purposes of this Act, namely; – (a) Commissioner of State Tax (b) Special Commissioner of State Tax (c) Additional Commiss

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officers of State Tax as mentioned correspondingly in Column (3) of the said table, as 'Proper Officer'. Sl. No. Description of Powers and Duties as mentioned under Designation of the Officer of State Tax 1 2 3 1) Sub-section (1) of Section 64 Deputy Commissioner of State Tax or Assistant Commissioner of State Tax in charge of a Circle (with previous permission of Joint Commissioner of State Tax in charge of Territorial Ranges) 2) Sub-section (2) of Section 64 Joint Commissioner of State Tax in charge of Territorial Ranges 3) Section 66 Deputy Commissioner of State Tax or Assistant Commissioner of State Tax in charge of a Circle (with prior approval of the Commissioner) 4) Section 67 Joint Commissioner of State Tax (The Joint Commis

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GST – States – Order No. 01/2017 – Dated:- 25-7-2017 – GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES IP ESTATE, NEW DELHI 110 002 GST POLICY BRANCH F. No. F2(01)/DT&T/GST/Policy/2017/570-76 25th July, 2017 Order No. 01/2017-GST Subject : Extension of time limit for filing intimation for composition levy under sub-rule(1) of rule 3 of the DGST Rules, 2017. In exercise of the powers conferred by section 168 of the Delhi Goods and Services Tax Act, 2017, the p

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GST – States – Order No. 01/2017-Puducherry GST – Dated:- 25-7-2017 – F.No. 3074/CTD/GST/2017 GOVERNMENT OF PUDUCHERRY COMMERCIAL TAXES DEPARTMENT Puducherry, dt.25th July, 2017 Order No. 01/2017-Puducherry GST Subject: Extension Of time limit for filing intimation for composition levy under sub-rule (1) of rule 3 of the Puducherry Goods and Services Tax Rules, 2017 In exercise of the powers conferred by section 168 of the Puducherry Goods and Services Tax Act, 2017 (Act No.6 of 2017), read wit

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Goods and Services Tax – GST – Dated:- 24-7-2017 – S. No. Query Reply 1. What is the HSN code for Mahua Flower and its GST rate? Mohua flowers fall under heading 1212 and attract 5% GST. 2. What is the HSN code for Sal Leaves which is used for making plates and its GST rate? Sal leaves are classifiable under heading 0604 and attract Nil CST. 3. What is the HSN code for Sabai Grass (a kind of grass used for making of rope, baskets, etc.) and its GST rate? Sabai grass is used as plaiting material and is classifiable under heading 1401 and attracts 5% GST. 4. What is the GST rate on Hand Made Branded Biri? All biris attract 28%CST In addition, handmade biris attract NCCD of Re. 1 per thousand. Machine made biris attract NCCD of ₹ 2 per thousand. 5. What is the GST rate on sugarcane procured by the sugar mills which is generally fresh and procured directly from the farm? Fresh or chilled sugarcane, falling under heading 1212, attracts Nil GST. 6. Will 5% GST on raw cotton be paid di

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f jute fibres measuring more than 20,000 decitex are classifiable under heading 5607 as twine and attract 12% CST. Sacks and bags, of a kind used for the packing of goods are classifiable under heading 6305 and attract 5% / 12% GST, depending on their sale value not exceeding or exceeding ₹ 1000 per piece. Woven fabrics of jute are classifiable under heading 5310 and attract 5% GST, with no refund of unutilised ITC. 10. What is the GST rate on used Rail Wagons? Railway wagons are classifiable under heading 8606 and attract 5% GST, with no refund of unutilised ITC. Therefore, used railway wagons also attract 5% GST. 11. What is the GST rate and HSN code of Raw and processed wood of Malaysia saal and Marandi wood? Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared, is classifiable under heading 4403 and attracts 18% CST. 12. What is the GST rate on 'Khakhara' (traditional food)? Khakhra falls under Namkeens, bhujia, mixture, chabena and simila

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hus, chilli soaked in butter milk with salt (mor milagai in Tamil) falls under 0711 and attracts 5% GST. 16. What is GST rate for bangles? Plastic bangles falling under heading 3926 are exempt from GST. Glass bangles (except those made from precious metals) falling under heading 7018 are exempt from GST. Bangles of base metal, whether or not plated with precious metals, falls under tariff item 7117 19 10 and attract 3% GST. 17. What is the classification and GST rate for man-made fishnet twine? As per the HSN Explanatory Notes, goods of man-made fibres (including those yarns of two or more monofilaments of Chapter 54) measuring 10,000 decitex or less are classifiable under Chapter 54 or 55 as yarn and attract 18% GST. Goods of man-made fibres (including those yarns of two or more monofilaments of Chapter 54) measuring more than 10,000 decitex are classifiable under heading 5607 as twine and attract 12% GST. 18. What is the HSN code and rates for Soft drinks i.e. aerated drinks? All goo

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Details of inward supplies of goods or services – Goods and Services Tax – GSTR – 02 – PDF DOWNLOAD – Forms

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GST mobile vans to address traders concerns in Delhi – Goods and Services Tax – GST – Dated:- 24-7-2017 – New Delhi, Jul 24 (PTI) The Delhi government today flagged off six mobile vans that will go across city markets to raise awareness on the Goods and Services Tax (GST) and address concerns of traders regarding the new tax regime. The 'GST awareness mobile vans' were flagged off by Finance Minister Manish Sisodia from the Delhi Secretariat here and have senior officials of the trade an

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Goods and Services Tax – Started By: – VASUDEVAN NAMBOOTHIRI – Dated:- 24-7-2017 Last Replied Date:- 8-8-2017 – Sir,We are constructing a Hospital complex. We directly purchase some goods and use in construction. Are we eligible for input tax credit. – Reply By Ganeshan Kalyani – The Reply = In my view you are not eligible to take input tax credit. – Reply By HimansuSekhar Sha – The Reply = If you have undertaken wcs then you are eligible – Reply By KASTURI SETHI – The Reply = Pure labour is exempted from GST for Govt. constructions only.Construction of private hospital or hospital complex is not exempted from GST. Since outward supply (Service) is taxable, ITC would be admissible as opined by Sh.Himansu Sekhar Sha Ji. This is my view. – R

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the querist explain. – Reply By HimansuSekhar Sha – The Reply = All the experts have given the correct opinions. If for personal works no credit is available. I meant the person is providing services. Then credit is available. My regard to all of the views. – Reply By Monica Giri – The Reply = Dear Sir/s I have a similar query, if a hospital has taken a commercial property on lease, and is paying GST on rent, is there an option taking Input Tax Credit? since hospital services are exempted from GST. – Reply By KASTURI SETHI – The Reply = If output service is exempted from GST, no ITC is admissible. – Reply By subramanian vijayakumar – The Reply = Yes if it is for personal use no itc if it is a works contract os seevice then gst will be attr

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Goods and Services Tax – GSTR – 01A – Form GSTR-1A [See rule 59(4)] Details of auto drafted supplies (From GSTR 2, GSTR 4 or GSTR 6 ) Year Month 1. GSTIN 2. (a) Legal name of the registered person (b) Trade name, if any 3. Taxable outward supplies made to registered persons including supplies attracting reverse charge other than the supplies covered in Table No. 4 GSTIN/ UIN Invoice details Rate Taxable value Amount Place of Supply (Name of State/UT) No. Date Value Integrated Tax Central Tax State / UT Tax Cess 1 2 3 4 5 6 7 8 9 10 11 3A. Supplies other than those attracting reverse charge (From table 3 of GSTR-2) 3B. Supplies attracting reverse charge (From table 4A of GSTR-2) 4. Zero rated supplies made to SEZ and deemed exports GSTIN of

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Goods and Services Tax – Can a registered person, who purchases goods from a composition manufacturer / trader take input tax credit under GST? – TMI Updates – Highlights

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Goods and Services Tax – In case of a person who is/was availing composition scheme u/s 10. What will be the due date of payment tax and submitting the return once he crosses the threshold limit of &#

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Dated:- 24-7-2017 – Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 No. A taxable person opting to pay tax under the composition scheme is out of the credit chain. He cannot issue a Tax Invoice. He cannot collect tax from the buyers of the goods. Therefore, any registered person who is purchasing goods from a composition manufacturer / trader is not eligible to the Input Tax Credit (ITC) of tax paid on such goods.   – Reply By MARIAPPAN GOVINDARAJAN – The Reply = A t

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Goods and Services Tax – GSTR – 01 – Form GSTR-1 [See Rule (59(1)] Details of outward supplies of goods or services Year Month 1. GSTIN 2. (a) Legal name of the registered person (b) Trade name, if any 3. (a) Aggregate Turnover in the preceding Financial Year (b) Aggregate Turnover – April to June, 2017 4. Taxable outward supplies made to registered persons (including UIN-holders) other than supplies covered by Table 6 (Amount in Rs. For all Tables) GSTIN/UIN Invoice details Rate Taxable Amount Place of Supply (Name of State/UT) No. Date Value Integrated Tax Central Tax State / UT Tax Cess 1 2 3 4 5 6 7 8 9 10 11 4A. Supplies other than those (i) attracting reverse charge and (ii) supplies made through e-commerce operator 4B. Supplies attracting tax on reverse charge basis 4C. Supplies made through e-commerce operator attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 5. Taxable outward inter-State supplies to un-registered persons where the invoice value is more t

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ies [including supplies made through e-commerce operator attracting TCS] 7A (2). Out of supplies mentioned at 7A(1), value of supplies made through e-commerce Operators attracting TCS (operator wise, rate wise) GSTIN of a e-commerce operator 7B. Inter-State Supplies where invoice value is upto ₹ 2.5 Lakh [Rate wise] 7B (1). Place of Supply (Name of State) 7B (2). Out of the supplies mentioned in 7B (1), the supplies made through e-Commerce Operators (operator wise, rate wise) GSTIN of e-commerce operator 8. Nil rated, exempted and non GST outward supplies Description Nil Rated Supplies Exempted (Other than Nil rated/non-GST Supply Non-GST Supplies 1 2 3 4 8A. Inter-State supplies to registered persons 8B. Intra- State supplies to registered person 8C. Inter-State supplies to unregistered persons 8D. Intra-State supplies to unregistered persons 9. Amendments to taxable outward supply details furnished in returns for earlier tax periods in Table 4, 5 and 6 [including debit notes, c

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supplies mentioned at 10A, value of supplies made through e-Commerce Operator attracting TCS (operator wise, rate wise) GSTIN of -commerce operator 10B. Inter-State Supplies [including supplies made through e-commerce operator attracting TCS] [Rate wise] Place of Supply (Name of State) 10B (1). Out of supplies mentioned at 10B, value of supplies made through e-Commerce Operator attracting TCS (operator wise, rate wise) GSTIN of e-commerce operator 11. Consolidated Statement of Advance Received/Advance adjusted in the current tax period/Amendments of information furnished in earlier tax period Rate Gross Advance Received/adjusted Place of supply Amount Integrated Central State/UT Cess 1 2 3 4 5 6 7 I information for the current tax period 11A. Advance amount received in the tax period for which invoice has not been issued (tax amount to be added to output tax liability) 11A (1). Intra-State supplies (Rate Wise) 11A (2). Inter-State Supplies (Rate Wise) 11B (1). Intra-State Supplies (Ra

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g at S no. 9 to 11) Verification I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from and in case of any reduction in output tax liability the benefit thereof has been/will be passed on to the recipient of supply. Signature Name Place of Authorised Signatory……………………………….. Date Designation /Status……………………………………. Instructions – 1. Terms used: a. GSTIN: Goods and Services Tax Identification Number b. UIN: Unique Identity Number c. UQC: Unit Quantity Code d. HSN: Harmonized System of Nomenclature e. POS: Place of Supply (Respective State) f. B to B: From one registered person to another registered person g. B to C: From one registered person to unregistered person 2. The details in GSTR-1 should be furnished by 10th of the month succeeding relevant tax period. 3. Aggregate turnover of the taxpayer for the immediate

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her inter-State or intra-State) where invoice value is up to ₹ 2,50,000/- State-wise summary of supplies, rate-wise, should be uploaded in Table 7. 5. Table 4 capturing information relating to B to B supplies should: (i) be captured in: a. Table 4A for supplies relating to other than reverse charge/ made through e-commerce operator, rate-wise; b. Table 4B for supplies attracting reverse charge, rate-wise; and c. Table 4C relating to supplies effected through e-commerce operator attracting collection of tax at source under section 52 of the Act, operator wise and rate-wise. (ii) Capture Place of Supply (PoS) only if the same is different from the location of the recipient. 6. Table 5 to capture information of B to C Large invoices and other information shall be similar to Table 4. The Place of Supply (PoS) column is mandatory in this table. 7. Table 6 to capture information related to: (i) Exports out of India (ii) Supplies to SEZ unit/ and SEZ developer (iii) Deemed Exports 8. Ta

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ayment of IGST (under Bond/ Letter of Undertaking (LUT) needs to be reported under "0" tax amount heading in Table 6A and 6B. 12. Table 7 to capture information in respect of taxable supply of: (i) B to C supplies (whether inter-State or intra-State) with invoice value upto ₹ 2,50,000; (ii) Taxable value net of debit/ credit note raised in a particular tax period and information pertaining to previous tax period which was not reported earlier, shall be reported in Table 10. Negative value can be mentioned in this table, if required; (iii) Transactions effected through e-commerce operator attracting collection of tax at source under section 52 of the Act to be provided operator wise and rate wise; (iv) Table 7A (1) to capture gross intra-State supplies, rate-wise, including supplies made through e-commerce operator attracting collection of tax at source and Table 7A (2) to capture supplies made through e-commerce operator attracting collection of tax at source out of gro

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l debit note/credit note shall be mentioned in the first three columns of this Table, (iv) Place of Supply (PoS) only if the same is different from the location of the recipient; (v) Any debit/ credit note pertaining to invoices issued before the appointed day under existing law also to be reported in this table; and (vi) Shipping bill to be provided only in case of exports transactions amendment. 14. Table 10 is similar to Table 9 but captures amendment information related to B to C supplies and reported in Table 7. 15. Table 11A captures information related to advances received, rate-wise, in the tax period and tax to be paid thereon along with the respective PoS. It also includes information in Table 11B for adjustment of tax paid on advance received and reported in earlier tax periods against invoices issued in the current tax period. The details of information relating to advances would be submitted only if the invoices has not been issued in the same tax period in which the advan

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Stamp duty for Bond – Goods and Services Tax – Started By: – RAI TOMAR – Dated:- 24-7-2017 Last Replied Date:- 30-12-1899 – Dear Expert ,Our firm is situated in Delhi and we want to execute a Bond amo

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Goods and Services Tax – GST ENR – 01 – FORM GST ENR-01 [See rule 58(1)] Application for Enrolment under section 35 (2) [only for un-registered persons] 1. Name of the State 2. (a) Legal name (b) Trade Name, if any (c) PAN (d) Aadhaar (applicable in case of proprietorship concerns only) 3. Type of enrolment (i) Warehouse or Depot (ii) Godown (iii) Transport services (iv) Cold Storage 4. Constitution of Business (Please Select the Appropriate) (i) Proprietorship or HUF (ii) Partnership (iii) Company (iv) Others 5. Particulars of Principal Place of Business (a) Address Building No. or Flat No. Floor No. Name of the Premises or Building Road or Street City or Town or Locality or Village Taluka or Block District State PIN Code Latitude Longitu

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In case of a person who is/was availing composition scheme u/s 10. What will be the due date of payment tax (GST) and submitting the return once he crosses the threshold limit of ₹ 75 Lakhs (or rs. 50 lakhs) as the case may be? Can he continue to pay tax and file the return on quarterly basis? – Dated:- 24-7-2017 – Section 10 – Composition levy. Section 39 – Furnishing of returns. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 In terms of Section 39(2), the benefit of filing of quarterly ret

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Goods and Services Tax – GST ITC – 04 – 1[FORM GST ITC-04 [See rule 45(3)] Details of goods/capital goods sent to job worker and received back 1. GSTIN – 2. (a) Legal name – (b) Trade name, if any – 3. Period: Quarter – Year – 4. Details of inputs/capital goods sent for job work (includes inputs/capital goods directly sent to place of business /premises of job worker) GSTIN / State in case of unregister ed job worker Challan No. Challan date Description of goods UQC Quantity Taxable value Type of goods (Inputs/capital goods) Rate of tax (%) Central tax State/UT tax Integrated tax Cess 1 2 3 4 5 6 7 8 9 10 11 12 5. Details of inputs/capital goods received back from job worker or sent out from business place of job work (A) Details of inputs

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GSTIN / State of job worker if unregistered Challan No. issued by job worker under which goods have been received back Date of challan issued by job worker under which goods have been receive d back Description of goods UQC Quantity Original challan No. under which goods have been sent for job work Original challan date under which goods have been sent for job work Natur e of job work done by job worke r Losses & wastes UQC Quantity 1 2* 3* 4 5 6 7* 8* 9 10 11 (C) Details of inputs/ Capital goods sent to job worker and subsequently supplied from premises of job worker; and losses and wastes: GSTIN / State of job worker if unregister ed Invoice No. in case supplied from premise s of job worker issued by the Principal Invoice date in case

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for job work and goods received back after job work is not possible. 6. Verification I hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom. Signature Place Name of Authorised Signatory ……… Date Designation /Status…………………] ******** Notes 1. Substituted vide Notification No. 39/2018 – Central Tax dated 04-09-2018 before it was read as "Form GST ITC-04 [See rule – 45(3)] Details of goods/capital goods sent to job worker and received back 1. GSTIN – 2. (a) Legal name – (b) Trade name, if any – 3. Period: Quarter – Year – 4. Details of inputs/capital g

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Goods and Services Tax – Started By: – CA BIJENDER KUMAR BANSAL – Dated:- 24-7-2017 Last Replied Date:- 2-11-2017 – Dear Sir,Now as GST regime, GST is also charged if supplier is charging Freight on invoice.In some cases, supplier simply levies Freight without SAC code and charges GST.Our query is whether we should open a SAC code and show credit on freight amount separately ? or it should be apportioned over the products purchased and taken credit according to that ?Please clarify ?CA Gorav Goyal – Reply By KASTURI SETHI – The Reply = Transaction value is required to be inclusive of all expenses including freight, insurance etc. as per Section 15 (1) of CGST Act. You can take ITC without apportionment, if otherwise eligible. – Reply By Ga

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r total bill would be 110 + 18% = 129.28Now you buy product of 100 INR with 28% GST with freight cost 10 INR, your bill would be 110 + 28% = 148.8Freight would be considered as a composite supply in GST – Reply By Kishan Barai – The Reply = SAC Code of freight would be shown by freight forwarder to your supplier availing his services but when you buy from him, he is not doing freight business; he is supplying products to you. – Reply By CA BIJENDER KUMAR BANSAL – The Reply = Thanks to all for your reply.Mr. Kishan Barai, I understood that he is not doing transport business and so no need to show SAC code by that supplier in Invoice.Then when we taken ITC , under which code we should take credit:- HSN code of product or we should take in SAC

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bout freight.Basically i want to understand how should we claim that gst on Freight.Should we apportion it over main products and show accordingly in different hsn code or in any of hsn code over invoice ? – Reply By subramanian vijayakumar – The Reply = It) is composite supply. I agree with the experts view no need for hscn – Reply By Kishan Barai – The Reply = If it's mixed supply freight would be charged as per Product with maximum GST rate. – Reply By HimansuSekhar Sha – The Reply = Please refer q 47 of tweet FAQ. – Reply By shashi pandey – The Reply = If in a Tax invoice, there are different gst% i.e. 5%,12% etc. on line items,then at what % GST will charge on freight chargesPlease Advice – Reply By KASTURI SETHI – The Reply = Rate

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Goods and Services Tax – What is the due date of payment of Tax under GST? What is the due date for payment of tax (GST) and filing of return in case of person opting for composition scheme u/s 10? – TMI Updates – Highlights

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Dated:- 24-7-2017 – Section 10 – Composition levy. Section 39 – Furnishing of returns. Section 49 – Payment of tax, interest, penalty and other amounts. Rule 62 – Form and manner of submission of quarterly return by the composition supplier THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 As per the provisions of section 39(7), (7) Every registered person, who is required to furnish a return under sub-section (1) or sub-section (2) or sub-section (3) or sub-section (5), shall pay to the Government the tax due as per such return not later than the last date on which he is required to furnish such return. Therefore, tax is required to be paid on or before the due date of filing of the return. As per the provisions of Section 39(1), every registe

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Goods and Services Tax – Started By: – CA BIJENDER KUMAR BANSAL – Dated:- 24-7-2017 Last Replied Date:- 13-8-2017 – Dear Sir,Please clarify can be take GST credit in case any mfg. co. has taken Truck on rent for dispatch of goods from its factory to customer premises.in section 17, credit is denied for Motor car and other conveyances except few usages:- i.e. if used for ''transportation of Goods '' then whether it will be allowed.Then i want to confirm that whether this clause i

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Goods and Services Tax – GST ITC – 03 – Form GST ITC-03 [See Rule 44(4)] Declaration for intimation of ITC reversal/payment of tax on inputs held in stock, inputs contained in semi-finished and finished goods held in stock and capital goods under sub-section (4) of section 18 1. GSTIN 2. Legal name 3. Trade name, if any 4(a). Details of application filed to opt for composition scheme [applicable only for section 18(4)] (i) Application reference number (ARN) (ii) Date of filing 4(b). Date from which exemption is effective [applicable only for section 18(4)] 5. Details of stock of inputs held in stock, inputs contained in semi-finished or finished goods held in stock, and capital goods on which input tax credit is required to be paid un

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not available) 5(e) Capital goods held in stock (where invoice not available) * (1) In case, it is not feasible to identify invoice, the principle of first in first out may be followed.  (2) If Invoice is not available for certain inputs or capital goods, the value shall be estimated based on prevailing market price 1[ ** The value of capital goods shall be the invoice value reduced by 1/60th per month or part thereof from the date of invoice] 6. Amount of ITC payable and paid (based on table 5) Sr. No. Description Tax payable Paid through Cash/Credit Ledger Debit entry no. Amount of ITC paid standard Central Tax State Tax UT Tax Integrated Tax Cess 1 2 3 4 5 6 7 8 9 10 1. Central Tax Cash Ledger Credit Ledger 2. State T

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Goods and Services Tax – Started By: – CA BIJENDER KUMAR BANSAL – Dated:- 24-7-2017 Last Replied Date:- 25-7-2017 – Dear Sir,Please clarify in respect of GST Credit in case of Air Travel Tickets-Domestic/International.As per news of Times of India, it is available in case of Business class only. No credit will be allowed in case of Economy class tickets. Please confirm about it . What is notification/circular for this rule ?Can there be any mechanism to take GST credit in case of Air travel tic

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