Goods and Services Tax

Dated:- 23-7-2017 – Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 As per the scheme of the GST, the intention of extending the benefit of composition scheme to small manufacturer or trader (including Dabhas) only. Therefore, it can be construed clearly that since the turnover the previous year is a determining factor for eligibility of composition scheme, a registered person who was making inter-state supplies during the previous year, cannot be allowed to avail th

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – satbir singh wahi – Dated:- 23-7-2017 Last Replied Date:- 24-7-2017 – SirPls guide what does no itc mean here. – Reply By vk agarwal – The Reply = it maens , thje motor cab owner will not be entitled to any input tax credit such as credit of GST paid on repair of car etc – Reply By satbir singh wahi – The Reply = SirIf cab operator uses services of other unregistered cab operator then pays under reverse charge @5%, whether itc will be available. – Reply By THYAGARAJAN KALYANASUNDARAM – The Reply = Dear sir,If the cab operator uses the services from other operators who is not registered under GST, the receiver has to pay RCM @ 5% on the value of services and no ITC eligible on any inputs. – Reply By Ra

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 23-7-2017 Last Replied Date:- 25-7-2017 – Dear expert, What is the rate of tax for selling of cinema film by the producer.Thanks iin advance. – Reply By Rajagopalan Ranganathan – The Reply = Sir, Cinema film will fall under heading 3706 attracting CGST @ 9% vide Sl. No. 78 of Notification No.1/2017-Central Tax (Rate) dated 2806.2017. – Reply By THYAGARAJAN KALYANASUNDARAM – The Reply = Dear sir, Thanks for your valuabl

= = = = = = = =

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

= = = = = = = =

Dated:- 23-7-2017 – Rule 3 – Intimation for composition levy Rule 6 – Validity of composition levy Central Goods and Services Tax Rules, 2017 The option to pay tax under composition levy would remain

= = = = = = = =

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

= = = = = = = =

Dated:- 23-7-2017 – Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 Yes, there is no restriction of person availing the Composition scheme to import the goods or services. Obviously, at the time of Import, he has to pay IGST for which may not be eligible for input tax credit, but he can still avail the benefit of composition scheme. – Reply By THYAGARAJAN KALYANASUNDARAM – The Reply = Dear sir, As per my understanding the service provider is not eligible under compos

= = = = = = = =

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

= = = = = = = =

Can an exporter of goods opt to pay tax under composition scheme under GST? – Dated:- 23-7-2017 – Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 No. Supplies made Outside

= = = = = = = =

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

= = = = = = = =

Dated:- 23-7-2017 – Rule 5 – Conditions and restrictions for composition levy Central Goods and Services Tax Rules, 2017 Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 No

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Whether a person having turnover much below ₹ 75 Lakhs (Rs. 50 lakhs as the case may be) as on 30-6-2017, and having stock of goods purchased against C form, F form etc.

= = = = = = = =

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

= = = = = = = =

Whether a person having turnover much below ₹ 75 Lakhs (Rs. 50 lakhs as the case may be) as on 30-6-2017, and having stock of goods purchased against C form, F form etc. or import goods or inter-state purchases, is eligible for availing the benefit of Composition Scheme under GST? – Dated:- 23-7-2017 – Rule 5 – Conditions and restrictions for composition levy Central Goods and Services Tax Rules, 2017 The answer is No. Any registered person who is holding stock on the appointed day i.e. 1.

= = = = = = = =

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

= = = = = = = =

Dated:- 23-7-2017 – Rule 5 – Conditions and restrictions for composition levy Central Goods and Services Tax Rules, 2017 No. the provisions of Rule 5 specifically prescribes that, he is neither a cas

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST – Who are not eligible to opt for composition scheme? Whether certain manufacturers (like Ice cream, Pan masala, Tobacco etc.) are excluded from opting composition scheme?

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – KIRTIKUMAR PUROHIT – Dated:- 23-7-2017 Last Replied Date:- 24-7-2017 – Works Contractor done work on material; as per specification of work provided by manufacturer, in manufacturer premises, work contractor with his man power, here my question is:1 in this case service call as Works Contract or Manpower supply? 2 Any Exemption is available in both case ? if no3 what is GST Code and Rate? – Reply By vk agarwal – The Reply = 1. This is not a works contract

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – RameshBabu Kari – Dated:- 23-7-2017 Last Replied Date:- 26-7-2017 – Dear Experts,how to deal with reverse charge if service recipient already registered under GST.In this case, can service provider can issue the invoice as normal without RCM if service recipient was already registered. – Reply By Ganeshan Kalyani – The Reply = Section 9 (3) of CGST Act, 2017 provides a list of services for which the recipient of supply of service shall have to pay GST under reverse charge. The service provider providing those services is exempted from taking registration. They may surrender there registration. Even if they are registered they are not suppose to collect and pay tax to the government. – Reply By KASTURI

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 23-7-2017 Last Replied Date:- 25-7-2017 – Dear expert, Can you explain elaborately the position of high sea sales under the GST regime. Thanks iin advance. – Reply By Ganeshan Kalyani – The Reply = In my view it is export of goods. Export can happen with payment of GST or without payment of GST. – Reply By THYAGARAJAN KALYANASUNDARAM – The Reply = Dear expert, As per sec 5(2) of CST act, when the importer import the goods instead of taking delivery from customs, they will transfer the title and the original buyer will file the bill of entry with the respective authority after paying the duty and fees. And subsequently the importer will issue the invoice to the buy

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST – if a person from outside the sate comes to the shop of the composite dealer and asks for Invoice, the composite dealer may gently refuse to mention the place of supply as outside his state. – TMI Updates – Highlights

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST – a supplier of goods supplies through electronic commerce operator may be eligible to avail composition scheme before the date on which the provisions of Section 52 are made operative. – TMI Updates – Highlights

= = = = = = = =

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

= = = = = = = =

GST – States – Karnataka GST – it is hereby informed to the exporters in the State that the Bond or the letter of undertaking in place of Bond in all the cases (irrespective of the fact that the provi

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – jayesh thacker – Dated:- 22-7-2017 Last Replied Date:- 23-7-2017 – I purchase some MRP Product like weffer, biscuits from URD, in this case rcm is applicable and gst exempt or payable – Reply By MUKUND THAKKAR – The Reply = Your turnover is more than 20 lakhs than you have to pay under RCM if purchase from URD.if turnover is less than 20lakhs need not pay under RCM because transaction between URD to URD.. – Reply By Rajagopalan Ranganathan – The Reply = Sir, Section 9 (4) of Central Goods and Service Tax Act, 2017 states that- The central tax in respect of the supply of taxable goods or services or both by a supplier, who is not registered, to a registered person shall be paid by such person on revers

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – Started By: – CA BIJENDER KUMAR BANSAL – Dated:- 22-7-2017 Last Replied Date:- 24-7-2017 – Dear Sir,If a company registered in Noida makes hotel booking in Mumbai then how GST credit can be taken.As in case of Immovable property, place of supply is place of immovable property then Mumbai hotel will charge CGST +SGST . Then can be take credit of this GST.In other case, if we book through travel agent in Delhi, and if it charges IGST then can we take GST credit in this case ?Please clarify GST credit mechanism in case of hotel booking and how should we plan to take maximum GST credit.ThanksCA Gorav Goyal – Reply By Rajagopalan Ranganathan – The Reply = Sir,If you avail the services of hotel booking at Mumbai and paid

= = = = = = = =

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

= = = = = = = =

y registering it as input service distributor. – Reply By vk agarwal – The Reply = I agree with Mr Kalyani – Reply By THYAGARAJAN KALYANASUNDARAM – The Reply = Dear sir, As per my opinion as given below. ITC on the hotel bills in respect of accommodation, the levy under GST is location of immovable property situated. Hence, the Mumbai hotel will charge only cgst and sgst, that cannot be claimed by the company located in other states. Further, even if the ticket booking done through travel agent located in noida, then the hotelier located in Mumbai will charge only cgst and sgst to the travel agent, who is in turn cannot claim the itc and it will be added and cost to them, in addition again they will charge local cgst and sgst to noida compa

= = = = = = = =

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

= = = = = = = =

Allied Laws – Started By: – KIRTIKUMAR PUROHIT – Dated:- 22-7-2017 Last Replied Date:- 25-7-2017 – What is the Tax Rate on Power Driven Pump Parts ? is HS Code 8413 91 90? – Reply By MUKUND THAKKAR – The Reply = 8413.91.00 Parts of pumps for liquids 84 III 12% – Reply By Rajagopalan Ranganathan – The Reply = Sir, Power driven pumps are classifiable under heading 8413 and according to schedule II of Notification No. 1/2017-Central Tax (Rate) dated 28.6.2017 (vide Sl. No. 192) it will attract CGS

= = = = = = = =

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

= = = = = = = =

GST – GST REG – 20 – 1[FORM GST REG-20 [See rule 22(4)] Reference No. – Date – To Name Address GSTIN/UIN Show Cause Notice No. Date- Order for dropping the proceedings for cancellation of registration This has reference to your reply filed vide ARN dated in response to the show cause notice referred to above. Upon consideration of your reply and/or submissions made during hearing, the proceedings initiated for cancellation of registration stands vacated for the following reasons: <> or The above referred show cause notice was issued for contravention of the provisions of clause (b) or clause (c) of sub-section (2) of section 29 of the Central Goods Services Tax Act, 2017. As you have filed all the pending returns which

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST REG – 19 – Form GST REG-19 [See rule 22(3)] Reference No. – Date To Name Address GSTIN / UIN Application Reference No. (ARN) Date Order for Cancellation of Registration This has reference to your reply dated in response to the notice to show cause dated __ Whereas no reply to notice to show cause has been submitted; or __ Whereas on the day fixed for hearing you did not appear; or __ Whereas the undersigned has examined your reply and submissions made at the time

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST REG – 18 – Form GST REG- 18 [See rule 22(2)] Reply to the Show Cause Notice issued for cancellation for registration 1. Reference No. of Notice Date of issue 2. GSTIN / UIN 3. Name of business (Legal) 4. Trade name, if any 5. Reply to the notice 6. List of documents uploaded 7. Verification I __________________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief

= = = = = = = =

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

= = = = = = = =

GST – GST REG – 17 – Form GST REG -17 [See rule 22(1)] Reference No. – << Date >> To Registration Number (GSTIN/UIN) (Name) (Address) Show Cause Notice for Cancellation of Registration Whereas on the basis of information which has come to my notice, it appears that your registration is liable to be cancelled for the following reasons: – 1 2 3 …. __ You are hereby directed to furnish a reply to this notice within seven working days from the date of service of this notice . __

= = = = = = = =

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

= = = = = = = =

Goods and Services Tax – GST REG – 16 – Form GST REG-16 [See Rule 20] Application for Cancellation of Registration 1 GSTIN 2 Legal name 3 Trade name, if any 4 Address of Principal Place of Business 5 Address for future correspondence (including email, mobile telephone, fax) Building No./Flat No. Floor No. Name of Premises/Building Road/Street City/Town/Village District Block/Taluka Latitude Longitude State PIN Code Mobile (with country code) Telephone email Fax Number 6. Reasons for Cancellation (Select one) Discontinuance/Closure of business Ceased to be liable to pay tax Transfer of business on account of amalgamation, merger/demerger, sale, lease or otherwise disposed of etc. Change in constitution of business leading to change in Permanent Account Number Death of Sole Proprietor Others (specify) 7. 1[In case of transfer, merger of business and change in constitution leading to change in PAN, particulars of registration of entity in which merged, amalgamated, transferred, etc.] (i)

= = = = = = = =

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

= = = = = = = =

s 1. 2. Sub-Total Payment from ITC Ledger Sr. No. Debit Entry No. Central Tax State Tax UT Tax Integrated Tax Cess 1. 2. Sub-Total Total Amount of Tax Paid 12. Documents uploaded 13. Verification I/We < > hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my/our knowledge and belief and nothing has been concealed therefrom.      Signature of Authorised Signatory Place : Name of the Authorised Signatory Date : Designation/Status Instructions for filing of Application for Cancellation • A registered person seeking cancellation of his registration shall electronically submit an application including details of closing stock and liability thereon along with relevant documents, on common portal. • The following persons shall digitally sign application for cancellation, as applicable: Constitution of Business Person who can digitally sign the application Proprietorship Proprietor Par

= = = = = = = =

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

= = = = = = = =

submission of the application for cancellation. This application shall be made only after the new entity is registered. Before applying for cancellation, please file your tax return due for the tax period in which the effective date of surrender of registration falls or furnish an undertaking to the effect that no taxable supplies have been made during the intervening period (i.e. from the date of registration to the date of application for cancellation of registration).] • Status of the Application may be tracked on the common portal. • No fee is payable for filing application for cancellation. • After submission of application for cancellation of registration, the registered person shall make payment, if not made at the time of this application, and shall furnish final return as provided in the Act. • The registered person may also update his contact address and update his mobile number and e-mail address. ******** Note: 1. Substituted vide

= = = = = = = =

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

= = = = = = = =