Goods and Services Tax

GST – F. No. 334/1/2017 –TRU – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CORRIGENDUM New Delhi, the 30th June, 2017 G.S.R. 806 (E). – In the English version of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 11/2017-Union Territory Tax (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. 702 (E), dated the 28th June,

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GST – F. No. 354/117/2017-TRU – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Corrigendum New Delhi, the 30th June, 2017 G.S.R. 758 (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Integrated Tax (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. 666(E), dated the 28th June, 2017,- (i) at page 75, in li

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Corrigendum – Notification No. 4/2017-Integrated Tax (Rate), dated the 28th June, 2017 – GST – F. No. 354/117/2017-TRU – Dated:- 30-6-2017 – Government of India Ministry of Finance (Department of Revenue) New Delhi, the 30th June, 2017 Corrigendum G.S.R. 757 (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.4/2017-Integrated Tax (Rate), dated the 28th June, 2017 published at page 156 of the Gazette of India, Extraordinary, Part II, Secti

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GST – F. No. 334/1/2017 –TRU – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CORRIGENDUM New Delhi, the 30th June, 2017 G.S.R. 805 (E). – In the English version of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017-Integrated Tax (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. 683 (E), dated the 28th June, 2017,

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GST – F. No. 354/117/2017-TRU – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Corrigendum New Delhi, the 30th June, 2017 G.S.R. 761 (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (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. 673(E), dated the 28th June, 2017,- (i) at page 247, in line

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Customs – 24/2017 – Dated:- 30-6-2017 – Circular No. 24/2017 -Customs F. No. 609/46/2017-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 30th June, 2017 To, Principal Chief Commissioners / Principal Directors General, Chief Commissioners / Directors General, Principal Commissioners / Commissioners, all under CBEC Madam/Sir, Subject: Duty Drawback for supplies made by DTA units to Special Economic Zones in the GST scenario Attention is invited to Board s Circular No. 43/2007-Customs dated 5.12.2007 and Circular No. 39/2010-Customs dated 15.10.2010 which inter alia prescribe that in respect of drawback claims by a DTA supplier for supplies made to SEZ Unit or developer

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in case of supplies from DTA to SEZ Unit or developer, if required, shall also be done by the office of said Principal Commissioner/ Commissioner. This shall apply to all fresh applications/ claims filed from 1.7.2017 onwards. 3. The applications/ claims which have already been filed up to 30.6.2017 and are pending with jurisdictional Central Excise formations shall be transferred to the Principal Commissioner/ Commissioner of Customs/ Customs (Preventive) having jurisdiction over the DTA supplier. For smooth transition of above cited work to Customs formations, it is essential that transfer of documents is undertaken carefully and in close coordination with Customs authorities concerned without disruption, delay etc. 4. The extant instruct

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Customs – 23/2017 – Dated:- 30-6-2017 – Circular No. 23/2017 -Customs F. No. 609/46/2017-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs *** New Delhi, dated 30th June, 2017 To, Principal Chief Commissioners / Principal Directors General, Chief Commissioners / Directors General, Principal Commissioners / Commissioners, all under CBEC Madam/Sir, Subject: Fixation of Brand Rate of drawback under Rule 6 and Rule 7 of the Customs, Central Excise Duties & Service Tax Drawback Rules, 1995 in the GST scenario As you are aware, in terms of Rule 6 and Rule 7 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the work pertaining to fixation of Brand rate of Drawback is undertaken by the Central Excise Commissionerate having jurisdiction over the factory where export goods are manufactured. In this context, Board s Circular No. 14/2003-Cus dated 6.3.2003, DO letter No. 609/110/2005-DBK dated 26.8.2005, Instruct

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s transition period, the exporter can claim All Industry Rate (AIR) or Brand rate of drawback for Customs, Central Excise Duties and Service Tax subject to certain additional conditions. These conditions aim to ensure that the exporter simultaneously does not avail input tax credit of Central Goods and Services Tax (CGST) or Integrated Goods and Services Tax (IGST) on the export goods or on inputs and input services used in manufacture of export goods or claim refund of IGST paid on export goods. Further, an exporter claiming drawback during transition period as per extant duty drawback provisions shall also be barred to carry forward Cenvat credit in terms of the CGST Act, 2017 on the export goods or on inputs or input services used in manufacture of export goods. The exporter also has to give the prescribed declaration and certificates (similar to declaration and certificate prescribed in Notification No. 59/2017-Cus (N.T.) dated 29.6.2017 for claiming composite AIR during transition

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have been suitably amended vide Notification No. 58/2017-Cus (N.T.) dated 29.6.2017. 4. All Circulars/instructions issued till date w.r.t. fixation of Brand rate shall mutatis mutandis apply for work of fixation of Brand rate to be done by Customs formations in the GST scenario. However, verification of data given in the application if so required shall be got done through the Customs formation having jurisdiction over the factory where the export goods have been manufactured. 5. From 1.7.2017, all fresh applications for Brand rate of drawback irrespective of date of export will be dealt as per these guidelines. The applications already filed with existing Central Excise formations prior to 1.7.2017 and pending shall be transferred along with all relevant documents to the Principal Commissioner/ Commissioner of Customs having jurisdiction over the place of export. In case an already filed application relates to exports from multiple places, the application should be transferred to the

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GST – 18/2017 – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2017-Union Territory Tax (Rate) New Delhi, the 30th June, 2017 G.S.R. 808 (E).- In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Union Territory Tax (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. 710(E), dated the 28th June, 2017, namel

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GST – 16/2017 – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.16/2017-Integrated Tax (Rate) New Delhi, the 30th June, 2017 G.S.R. 809 (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Integrated Tax (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. 666(E), dated the 28th June, 2017, namely:- 2. In the sa

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GST – 15/2017 – Dated:- 30-6-2017 – Rescinded vide notification no. 17/2017 dated 5-7-2017 Also see Notification no. 18/2017 dated 5-7-2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2017-Integrated Tax (Rate) New Delhi, the 30th June, 2017 G.S.R. 740 (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in t

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GST – 18/2017 – Dated:- 30-6-2017 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.18/2017-Central Tax (Rate) New Delhi, the 30th June, 2017 G.S.R. 807 (E).- In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (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. 673(E) dated the 28th June, 2017, namely:- 2. In the said notific

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Goods and Services Tax – Started By: – DK AGGARWAL – Dated:- 29-6-2017 Last Replied Date:- 29-6-2017 – Siri am registered under GST in Delhi and getting supplies of goods from Mumbai from registered supplier in Mumbai Sir my supplier wants to mention rate of good ex work in Mumbai and charge cgst and SGST on the plea that by mentioning ex works rate it shows that goods are delivered in Mumbai Please clarity is he right or should charge IGSTD K Aggarwal – Reply By KASTURI SETHI – The Reply = There is no substance in the opinion of your supplier. The seller/supplier of the goods wants to say he has supplied the goods at the gate of factory or show room. It is totally wrong. The manufacturer or dealer cannot avoid IGST by writing the words, e

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Goods and Services Tax – GST – Dated:- 29-6-2017 – Dehradun, Jun 29 (PTI) Union Urban Development Minister Venkaiah Naidu today advised political parties not to politicise GST, saying the country was bound to benefit hugely from the tax initiative in the long run. The long-term effects of the GST will be highly beneficial for the country's economy but it may have initial, short-term negative effects on, inflation and the GDP, Naidu said at a press conference here. Requesting people not to panic about the effects of GST, he asked them to be prepared for it. Except for tax evaders, no one needs to panic about GST. I want to ask people to suffer its initial effects along with us for long-term gains and benefits, he said. The concept of a

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Don t skip midnight GST launch tomorrow, FM urges opposition – Goods and Services Tax – GST – Dated:- 29-6-2017 – New Delhi, Jun 29 (PTI) Finance Minister Arun Jaitley today asked opposition parties such as Congress and the Left to reconsider their decision to skip the midnight GST launch tomorrow saying they were all consulted on the indirect tax reform and cannot run away from it. I hope every political party will reconsider and revisit its decision on not participating in the launch event to

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Section 149 – Tamil Nadu SGST – MISCELLANEOUS – Tamil Nadu Goods and Services Tax Act, 2017 – Section 149 – Goods and services tax compliance rating. 149. (1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with the provisions of this Act. (2) The goods and services tax compliance rating score may be determined on the basis of such parameters as may be prescribed. (3) The goods and services tax complian

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GST Rate on Educational Institute – Goods and Services Tax – Started By: – Rishi Bakshi – Dated:- 29-6-2017 Last Replied Date:- 29-6-2017 – Hello Team,Please confirm, what is the GST Rate applicable f

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Goods and Services Tax – GST – Dated:- 29-6-2017 – New Delhi, Jun 28 (PTI) With two days left for roll out of GST, the Finance Ministry has started notifying various provisions of law relating to interest calculation, input tax credit and valuation. Provisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are being notified. These include those relating to tax invoice, credit and debit notes, accounts and records, returns, payment of tax, refund, assessment and audit, advance ruling. Also appeals and revisions, transitional provisions, anti-Profiteering and e-way rules have been notified which shall come into effect from July 1. As per the notification, interest at 18 per cent is

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Goods and Services Tax – GST – Dated:- 29-6-2017 – New Delhi, Jun 28 (PTI) Finance Minister Arun Jaitley today rejected demands for deferring the Goods and Services Tax (GST) rollout saying the Constitution does not give luxury to delay the nation's biggest economic reform by six months. Not ruling out a few initial glitches when more than a dozen state and central taxes are abolished and barriers between 29 states done away with, Jaitley said the system is fully geared up and will eventually smoothen itself out. While there have been sporadic protests in some cities against implementing the GST without giving businesses more time to prepare, Trinamool Congress has decided not to attend the gala event planned in Central Hall of Parliam

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ax structure by the GST. In absence of the GST, there will be a constitutional crisis as no tax can be levied on goods and services. More importantly there is a constitutional mandate, and the mandate is on September 15 you will lose your right to collect existing taxes. So, therefore, the alternate system has to come in place and hopefully, by that date the (GST) system will come into place in a more smooth manner, he said. The GST Constitutional Amendment Bill provides for roll out of the Goods and Services Tax by September 15, failing which the government will lose its legal entitlement to collect taxes. Jaitley said the government has been successful in taking every decision on the GST through consensus, the constitutional amendment bil

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e to implement it will lead to adverse impact of price rise and put local industry at a disadvantage. The same product is going to be cheaper in other parts of the country than in that state. So it is in the interest of consumers, citizens of the state to join the GST, Jaitley said. Asked if there is a rethink on the tax rates as demanded by sectors like textiles, he said the GST Council is always working with an open mind. …If you see great force in some argument, the Council has always shown its openness. No one Central or state government can decide this. It is collectively decided by all of us. So far, every decision has been merit based. It is neither being partisan, nor being dictated by any form of pressure, Jaitley said. Over the

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Goods and Services Tax – GST – Dated:- 29-6-2017 – New Delhi, Jun 29 (PTI) The Congress today decided to keep away from the special midnight June 30 meeting convened by the government on GST implementation. The decision came after Congress President Sonia Gandhi met former Prime Minister Manmohan Singh along with other leaders today. Sources said former prime minister Singh is unlikely to attend the event, with a party leader holding the view that the party's decision is applicable for all. Singh along with another former prime minister H D Deve Gowda have been invited for the event, which President Pranab Mukherjee is likely to attend. Party's senior spokesperson Satyavrat Chaturvedi said, The Congress party will not attend the sp

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arassment of small traders and businessmen and thus, the party should abstain. Sources also say that the Congress was apparently irked with Modi trying to emulate India's first Prime Minister Jawaharlal Nehru's midnight tryst with destiny speech on the eve of Independence. The Left leaders are also not inclined to attend the special GST meeting and are set to skip it, along with some other opposition parties. CPI(M) general secretary Sitaram Yechury has already questioned the government on hurrying into introducing GST and recalled that the ruling BJP had opposed the system when it was in the opposition. The government will use the circular-shaped Central Hall to launch the new taxation system that is set to dramatically re-shape th

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Section 48 – Tamil Nadu SGST – RETURNS – Tamil Nadu Goods and Services Tax Act, 2017 – Section 48 – Goods and services tax practitioners. 48. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall be such as may be prescribed. (2) A registered person may authorise an approved goods and services tax practitioner to furnish the details of outward supplies

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Recovery of credit wrongly availed – Rule 121 – Rules – Transitional Provisions – Central Goods and Services Tax Rules, 2017 – Rule 121 – 121. Recovery of credit wrongly availed.- The amount credited

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Rule 120 – Rules – Transitional Provisions – Central Goods and Services Tax Rules, 2017 – Rule 120 – 120. Details of goods sent on approval basis.- Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within 1[the period specified in rule 117 or such further period as extended by the Commissioner], submit details of such goods sent on approval in FORM GST TRAN-1. **************** Notes: 1. Substituted vide Not. 36/2017 – Da

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Rule 119 – Rules – Transitional Provisions – Central Goods and Services Tax Rules, 2017 – Rule 119 – 119. Declaration of stock held by a principal and 1[job-worker].- Every person to whom the provisions of section 141 apply shall, within 2[the period specified in rule 117 or such further period as extended by the Commissioner], submit a declaration electronically in FORM GST TRAN-1, specifying therein, the stock of the inputs, semi-finished goods or finished goods, as applicable, held by him on

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Rule 118 – Rules – Transitional Provisions – Central Goods and Services Tax Rules, 2017 – Rule 118 – 118. Declaration to be made under clause (c) of sub-section (11) of section 142.- Every person to whom the provision of clause (c) of sub-section (11) of section 142 applies, shall within 1[the period specified in rule 117 or such further period as extended by the Commissioner], submit a declaration electronically in FORM GST TRAN-1 furnishing the proportion of supply on which Value Added Tax or

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Rule 117 – Rules – Transitional Provisions – Central Goods and Services Tax Rules, 2017 – Rule 117 – Chapter XIV Transitional Provisions 117. Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day.- (1) Every registered person entitled to take credit of input tax under section 140 shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1, duly signed, on the common portal specifying therein, separately, the amount of input tax credit 1[of eligible duties and taxes, as defined in Explanation 2 to section 140] to which he is entitled under the provisions of the said section: Provided that the Commissioner may, on the recommendations of the Council, extend the period of ninety days by a further period not exceeding ninety days. Provided further that where the inputs have been received from an Export Oriented Unit or a unit located in Electronic Hardware Technology Park, the credit shall be allo

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of input tax credit under each of the existing laws till the appointed day; (b) in the case of a claim under sub-section (3) or clause (b) of sub-section (4) or sub-section (6) or sub-section (8) of section 140, specify separately the details of stock held on the appointed day; (c) in the case of a claim under sub-section (5) of section 140, furnish the following details, namely:- (i) the name of the supplier, serial number and date of issue of the invoice by the supplier or any document on the basis of which credit of input tax was admissible under the existing law; (ii) the description and value of the goods or services; (iii) the quantity in case of goods and the unit or unit quantity code thereof; (iv) the amount of eligible taxes and duties or, as the case may be, the value added tax [or entry tax] charged by the supplier in respect of the goods or services; and (v) the date on which the receipt of goods or services is entered in the books of account of the recipient. (3) The amou

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edited after the central tax payable on such supply has been paid: Provided that where integrated tax is paid on such goods, the amount of credit shall be allowed at the rate of thirty per cent. and twenty per cent. respectively of the said tax; (iii) The scheme shall be available for six tax periods from the appointed date. (b) The credit of central tax shall be availed subject to satisfying the following conditions, namely:- (i) such goods were not unconditionally exempt from the whole of the duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985 or were not nil rated in the said Schedule; (ii) the document for procurement of such goods is available with the registered person; 2[(iii) The registered person availing of this scheme and having furnished the details of stock held by him in accordance with the provisions of clause (b) of sub-rule (2), submits a statement in FORM GST TRAN 2 by 31st March 2018, or within such period as extended by the Commissi

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