Goods and Services Tax

GST – States – F.12(56)FD/Tax/2017-Pt-I-43 – Dated:- 29-6-2017 – GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (TAX DIVISION) NOTIFICATION Jaipur, dated: June 29, 2017 In exercise of the powers conferred by sub-section (3) of section 9 of the Rajasthan Goods and Services Tax Act, 2017 (Act No. 9 of 2017), the State Government, on the recommendations of the Council, hereby specifies the supply of goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, subheading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table, made by the person as specified in the corresponding entry in column (4), in respect of which the State tax shall b

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. State Government, Union Territory or any local authority Lottery distributor or selling agent. Explanation,- For the purposes of this entry, lottery distributor or selling agent has the same meaning as assigned to it in clause (c) of Rule 2 of the Lotteries (Regulation) Rules, 2010, made under the provisions of sub section 1 of section 11 of the Lotteries (Regulations) Act, 1998 (17 of 1998). Explanation: (1) In this Table, "tariff item", "sub-heading", "heading" and "Chapter" shall mean respectively a tariff item, sub-heading, heading or chapter, as specified in the First Schedule to the Customs Tariff Act, 1975 (Central Act No. 51 of 1975). (2) The rules for the interpretation of the First Schedul

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GST – States – FTX.90/2016/071 – Dated:- 29-6-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 29th June, 2017 No.FTX.90/2016/71.- WHEREAS in pursuance of Industrial & Investment Policy of Assam, 2008, tax exemption was granted to eligible manufacturing units under the Assam Industries (Tax Exemption) Scheme, 2009; AND WHEREAS in pursuance to Constitution (One Hundred and First Amendment) Act, 2016 and the decision of the Goods and Services Tax Council, the Goods and Services Tax (GST), shall be introduced in Assam with rest of the nation with effect from 1st of July, 2017; AND WHEREAS under the erstwhile Assam Industries (Tax Exemption) Scheme, 2009, an eligible manufacturing unit has be

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he GST Council constituted under Article 279A decided that all entities exempted from payment of indirect tax under any existing tax incentive scheme shall pay tax in the GST regime; Now, therefore, the Governor of Assam hereby notifies that an eligible manufacturing unit availing tax exemption under the Assam Industries (Tax Exemption) Scheme, 2009 shall be liable to pay tax under the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII Of 2017), from the date of coming into force of the said Act. The State Government, shall, however, notify appropriate Scheme through which tax collected from the eligible manufacturing unit under the Assam Goods and Services Tax Act, 2017 shall be reimbursed to such eligible unit. This notification

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GST – States – FTX.90/2016/070 – Dated:- 29-6-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 29th June, 2017 No.FTX.90/2016/70.- WHEREAS in pursuance of Industrial and Investment Policy of Assam, 2014, tax exemptions were granted to eligible manufacturing units under the Assam Industries (Tax Exemption) Scheme, 2015, hereinafter referred to as the Scheme; AND WHEREAS in pursuance to Constitution (One Hundred and First Amendment) Act, 2016 and the decision of the Goods and Services Tax Council, the Goods and Services Tax (GST), shall be introduced in Assam with rest of the nation with effect from 1st of July, 2017 replacing various indirect taxes levied by the State; AND WHEREAS under the Sc

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irect tax under any existing tax incentive scheme shall pay tax in the GST regime; Now, therefore, the Governor of Assam hereby notifies that: (a) the provisions of the Assam Industries (Tax Exemption) Scheme, 2015 shall cease to operate on and from the date of coming into force Of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017) in the State: Provided that the scheme shall be deemed to have remained in force for limited purpose of issuing Eligibility Certificate and Certificate of Entitlement in respect of those manufacturing units eligible for tax exemption under the Scheme, which have commenced their commercial production on or after 1st March, 2014, but before the coming into force of the Assam Goods and Service

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Notification under section 11(1) of Rajasthan Goods and Services Tax Act, 2017 regarding partial exemption of tax on goods required for petroleum operations or coal bed methane operations – GST – Stat

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GST – States – FTX.56/2017/037 – Dated:- 29-6-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 29th June, 2017 No. FTX.56/2017/37.- In exercise of the powers conferred by section 164 of the Assam Goods and service Tax Act, 2017, the Governor of Assam is hereby pleased to make the following rules further to amend the Assam Goods and Service Tax Rules, 2017, hereinafter referred to as the principal rules, namely:- Short title and commencement 1. (1) These rules may be called the Assam Goods and Services Tax (Second Amendment) Rules, 2017. (2) They shall come into force on the 1st day of July, 2017. Amendment of rule 10 2. In the principal rules, in rule 10, in sub-rule (4), for the words digita

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les made thereunder; or (c) violates the provisions of section 171 of the Act or the rules made thereunder, . Amendment of rule 22 6. In the principal rules, in rule 22, in sub-rule (3), words, brackets and figure sub-rule (1) of shall be omitted. Amendment of rule 24 7. In the principal rules, in rule 24, – (i) sub-rule (1), the second proviso shall be omitted; (ii) after sub-rule (3), the following sub-rule shall be inserted, namely:- (3A) Where a certificate of registration has not been made available to the applicant on the common portal within a period of fifteen days from the date of the furnishing of information and particulars referred to in clauses (c) of sub-rule (2) and no notice has been issued under sub-rule (3) within the said

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the table, for serial number 5 and the entries related thereto, the following shall be substituted, namely:- 5 Category of Registered Person (i) Manufacturers, other than manufacturers of such goods as may be notified by the Government (ii) Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II (iii) Any other supplier eligible for composition levy. . Amendment in Form GST CMP-07 10. In the principal rules, in Form GST CMP-07, for the brackets, words and figures [See rule 6(6)] , the brackets, words and figures [See rule 6(5)] shall be substituted. Amendment in form GST REG-12 11. In the principal rules, in Form GST REG-12, for the words and figures within 30 days , the words and figures within 90 days shall be su

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Notification regarding schedule of exempted goods under section 11(1) of Rajasthan Goods and Services Tax Act, 2017 – GST – States – F.12(56)FD/Tax/2017-Pt-I-41 – Dated:- 29-6-2017 – PDF DOWNLOAD – Notification – Circular

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Notification regarding rate schedule under section 9(1) of Rajasthan Goods and Services Tax Act, 2017 – GST – States – F.12(56)FD/Tax/2017-Pt-I-40 – Dated:- 29-6-2017 – PDF DOWNLOAD – Notification – Circular

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GST – States – F.12(56)FD/Tax/2017-Pt-I-39 – Dated:- 29-6-2017 – GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (TAX DIVISION) NOTIFICATION Jaipur, dated: June 29, 2017 In exercise of the powers conferred by sub-sections (1) and (3) of section 50, sub-section (12) of section 54 and section 56 of the Rajasthan Goods and Services Tax Act, 2017 (Act No. 9 of 2017), the State Government, on the recommendations of the Council, hereby fixes the rate of interest per annum for the purposes of the sections

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GST – States – FTX.56/2017/031 – Dated:- 29-6-2017 – GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR FINANCE (TAXATION) DEPARTMENT NOTIFICATION The 29th June, 2017 No. FTX.56/2017/31.- In exercise of the powers conferred by sub-section (3) of section 1 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam hereby appoints the 1st day of July, 2017, as the date on which the provisions of sections 6 to 9, 11 to 21, 31 to 41, 42 except the proviso to sub-sec

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Central Excise – 1056/05//2017-CX – Dated:- 29-6-2017 – Circular No. 1056/05//2017-CX F.No. 267/40/2017-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ********* North Block, New Delhi Dated the 29th of June, 2017 To, The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of Central Excise The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Excise & Service Tax The Commissioner (Large Tax Payer Unit) (Bengaluru/Chennai/Delhi/Kolkata/Mumbai) The Commissioner (Large Tax Payer Unit) (Audit) (Delhi/Mumbai) Subject: Handling of legacy work of LTUs in the GST regime-reg Madam/Sir GST would be implemented from 1st July, 2017. It is proposed to wind up Large Taxpayer Units (LTUs) in the new regime as the concept of state wise registration applies in GST. In this regard, reference has been received on the issue of handling of legacy work of the present LTUs in the GST regim

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ssued by LTUs:- 3.1 Immediate attention is required on adjudication of pending show cause notices issued on Central Excise and Service tax matters by LTU formations. The cases pending adjudication will be sent to the proposed jurisdictional CGST Commissionerates for adjudication. In this regard there should be no difficulty in respect of Central Excise adjudications as Central Excise SCNs are generally issued based on the individual registrations. However, if in Central Excise also a common SCN has been issued to a company for a number of its units, the adjudication of the legacy notice may be taken up by the re-organised CGST/ Central Excise Commissionerate exercising control over the principal business location of the Company which was earlier registered under LTU by appointing him as common adjudicating authority through an order of the Board or DGCEI as per the instructions in the Master Circular No. 1053/02/2017-CX, dated 10th March, 2017. Proposal, if any, in this regard may be f

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or the past period under Central Excise and Service Tax Law treating each unit as individual assessee under the jurisdictional Commissionerate as notified by Notification No.13/2017-CE(NT), dated 09.06.2017. 5. Legal Matters:- (i) CESTAT Matters:- The files pertaining to cases pending in CESTAT spread all over India may be transferred to the respective Jurisdictional GST Commissionerate. (ii) High Court /Supreme Court Cases:- The cases pending in this regard may be transferred to the respective jurisdictional Commissionerate of each units. A legal cell may be created and named as Large Business Unit (LBU) in any one GST/ Central Excise Commissionerate in the Zone where LTU was situated, which will coordinate with the jurisdictional Commissionerates in handling the cases for ease of continuity of interaction with the Departmental Counsel to ensure all legal steps are completed including the change in appellant or the respondent, if any. 6. Audit issues:- 6.1 The assessees which were ear

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ecial Audit cases: – In such cases files may be transferred to the territorial jurisdictional Audit Commissionerate, post GST. 7. Further necessary orders, if any, for smooth roll-out may be issued by the Chief Commissioner concerned. Difficulty, if any, in implementation of the above instructions may please be brought to the notice of the Board. Hindi version would follow. Shankar Prasad Sarma Under Secretary to the Government of India Annexure-I (On Individual Files) Files Pertains to Commissionerate/Division/Range Present Commissionerate (LTU) GST Commissionerate Commissionerate Commissionerate GLT (or as applicable) Division Group Range Section Section Name of the Officer Name of the Officer Designation of the Officer Designation of the Officer Date handed over Date Received Signature Signature Annexure-II ( List of all files) Sl. No Present Commissionerate Name of the assessee Assessee Code (ECC Code, Registration No.) Address Pin Code of the Assesseee File No. No. of pages contai

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Goods and Services Tax – Started By: – Vijay K – Dated:- 28-6-2017 Last Replied Date:- 10-7-2017 – Dear Mates,I'm a new startup of proprietorship firm (Registered Under Service Tax / GST / Turnover 15 Lacs) and want to know is Serial Numbering on Invoice will be compulsory? like INV0001, INV0002, etc.Because till now I was use to send based on customer's UID such as:Customer UID: 785881Invoice No.: INV/785881/1, etc.So what can do? Because I'll get business if I use INV0001, etc. because then customer will be able to see I don't make business.Looking for serious help. Thanks – Reply By KASTURI SETHI – The Reply = Serial No. is compulsory. – Reply By prakash kumar – The Reply = I don't see any problem in using any prefix

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1, INV/785882/2, etc.Looking for your help. Thanks – Reply By KASTURI SETHI – The Reply = Dear Sh.Vijay Ji, In my view, there is nothing wrong in the specimen to be given on the invoice. Rather, it is plus point for you as you are giving identity of the Customer on the invoice itself. Mention of additional information on the invoice is not harmful. However, information required to be given as per GST law must not be missed. – Reply By Vijay K – The Reply = Dear Kasturi Ji,Thanks for your help. So you mean to say I can make Invoice based on Customer's UID, right? Sorry for repeating the question but being a startup I'm bit scared and I don't want any legal proceeding against me due to some small mistake Customer UID: 785881Invoic

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cts/Rules/Circulars ? Specimen invoice is based on the prescribed particulars to be mentioned. You will not invite litigation on this flimsy ground. – Reply By sanjeev jadhav – The Reply = Dear Kasturi Sir,Can we use two series of invoices under GST. At present we are using two series of invoices which we have intimated to Central Excise. Can we follow same procedure of invoicing in GST. – Reply By KASTURI SETHI – The Reply = Yes. You can. Inter-state, intra State. – Reply By sanjeev jadhav – The Reply = Thanks you Sir. – Reply By Vivek anandhan – The Reply = Dear ExpertCan we continue Invoice sl. no. of pre GST raised or we have to start sl. no. from 1 in post GST – Reply By KASTURI SETHI – The Reply = It is better to start with new serial

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inventory movement to claim 100% duty – Goods and Services Tax – Started By: – Govind Gupta – Dated:- 28-6-2017 Last Replied Date:- 30-12-1899 – Is inventory movement required ( Pre GST) for items sto

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Goods and Services Tax – Started By: – Saurabh Singh – Dated:- 28-6-2017 Last Replied Date:- 29-6-2017 – Dear sir,We are making iron grills door and window as per customer specification. We charge them rate according to weight of final product at Rs. Per kg.I want to know can we opt for composition scheme as a manufacturer?If not pls clear me where should I have to register my business under gst. – Reply By KASTURI SETHI – The Reply = Fabrication is a manufacturing process. You can opt for comp

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Goods and Services Tax – GST – Dated:- 28-6-2017 – New Delhi, Jun 28 (PTI) Ahead of the mega event to roll out the GST on the midnight of June 30, the Centre and state governments are on a media blitz to create awareness about the new tax regime. The government has started coming out with full-page advertisement in leading dailies explaining various procedures and processes to be followed by industry for complying with the Goods and Services Tax (GST) rules. The Central Board of Excise and Customs (CBEC) has also issued a set of 50 FAQs on various provisions of GST in the form of full-page advertisements in newspapers, answering queries of traders and business. In order to create consumer awareness, CBEC has since the beginning of this mon

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s and other stakeholders. Also, two Twitter handles – '@askGST_GoI' to answer industry queries related to the new indirect tax regime and '@askGSTTech' for queries relating to technology – have been set up to reach out to people via social media. A four-rate structure that either exempts or imposes a low rate of tax 5 per cent on essential items and top rate of 28 per cent on cars and consumer durables has been finalised. The other slabs of tax are 12 and 18 per cent. GST also represents an unprecedented exercise in fiscal federalism. The GST Council, that brings together the central and state governments, has met 17 times to thrash out how the tax will work. For importers and exporters specifically, the CBEC and commercial

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Goods and Services Tax – GST – Dated:- 28-6-2017 – Steel Authority of India Ltd. (SAIL) is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 01, 2017. The Company, besides appointment of reputed Consultant for overseeing the transition, has also formed special teams for coordination with its pan India based plants, units, marketing offices and other units for migrating to GST regime. The introduction of GST is a significant step in the Country s taxation regime which will have far reaching and positive impact on Indian Economy. Implementation of this huge transformation process, requires detailed planning and clear understanding of the effects it will have, o

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Goods and Services Tax – IGST on certain inward supplies of goods/ lotteries shall be paid under Reverse Charge Method (RCM) by the recipient of such goods / lotteries – TMI Updates – Highlights

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Goods and Services Tax – The official date of introduction date of GST has been notified as 1.7.2017 – TMI Updates – Highlights

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Section 149 – Punjab SGST – MISCELLANEOUS – Punjab 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 compliance ratin

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Goods and Services Tax – GST – Dated:- 28-6-2017 – Kolkata, Jun 28 (PTI) West Bengal Chief Minister Mamata Banerjee today said her party TMC will not attend the GST roll-out programme on June 30 midnight as she flayed the unnecessary hurry to roll it out. The TMC supremo termed the GST roll-out as another epic blunder by the Centre. Our Parliamentary Party has decided not to attend the 30th June, 2017 midnight programme at Parliament House to celebrate GST, as a mark of protest, she said. We are deeply concerned about GST implementation. After #demonetisation, this unnecessary disastrous hurry is another epic blunder of the Centre , she said on Facebook. We have been for GST from the beginning but are very worried now with the way the Cent

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ifferent taxes in the present tax regime and we felt that one single tax and integration of all markets across the country will provide big relief to all . Having a dig at the BJP, she said, The current ruling party at the Centre had initially strongly opposed GST for over 7 years and suddenly did a somersault on coming to office as a champion of GST . Banejee said that the economy is not yet ready to face the GST from July 1. The 3-day strike declared by the textile industries in the country was the evidence of our deep concerns on the lack of preparedness . Small business entities are not yet ready with basic requirements like invoice, accounting system, IT system, etc. Another piece of evidence of unpreparedness comes from the fact that

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Goods and Services Tax – Turnover limit for Composition Levy under CGST and Restriction on some items as per the decision of the GST Council notified – TMI Updates – Highlights

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Section 48 – Punjab SGST – RETURNS – Punjab 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 under se

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Goods and Services Tax – Started By: – Karthik Ramanathan – Dated:- 28-6-2017 Last Replied Date:- 29-6-2017 – 1. What will be the impact on Gold rate at market after introduction of GST?2. What will be the impact for the banking institution for already mortgaged gold loans ? – Reply By Rajagopalan Ranganathan – The Reply = Sir,1. As per GST RATE SCHEDULE [As per discussions in the GST Council Meeting held on 3rdJune, 2017] Gold (including gold plated with platinum) unwrought or in semi manufact

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Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 28-6-2017 – The Goods and Services Tax is going to subsume all indirect taxes levied by Central Governments and State Governments. The GST, as already aware by all, is of central tax, State tax, Union territory tax and integrated tax. Integrated tax Integrated tax, according to section 5(1) of IGST Act, 2017 is leviable on all inter-State supplies of goods or services or both. This tax is not leviable on the supply of alcoholic liquor for human consumption. The value on which the integrated tax shall be leviable is to be computed in accordance with section 15 of CGST Act, 2017. The rate of tax shall not exceed 40%. The rate may be fixed by the Government on the recommendations of the GST Council. The integrated tax shall be levied on goods imported into India and collected in accordance with the provisions of section 3 of the Customs Tariff Act, 1975 on the value as determined under the said Act at the point when dutie

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3(8). Section 3(8) provides that for the purpose of calculating the integrated tax under section 3(7), the value of imported article shall be the aggregate of- the value of the imported article determined under sub-section (1) of section 14 of the Customs Act, 1962 or the tariff value of such article fixed under sub-section (2) of that section, as the case may be; and any duty of customs chargeable on that article under section 12 of the Customs Act, 1962, and any sum chargeable on that article under any law for the time being in force as an addition to, and in the same manner as, a duty of customs, but does not include the tax referred to in sub-section (7) or the cess referred to in sub-section (9). Section 3(9) provides that any article which is imported into India shall, in addition, be liable to GST compensation cess at such rate on a like article on its supply in India, the value of the imported article shall be the aggregate of – the value of the imported article determined unde

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ers, customs brokers, customs clearance software providers and other stakeholders to get themselves familiar with the modified forms. Change in EDI bill of entry It is indicated that the information in the bill of entry would be reconciled with their returns filed on GSTN. By that the credit claimed in their return in respect of IGST paid on imports would be cross checked with the Customs EDI system. It is made mandatory for the importers to declare their GSTIN number on the Bill of Entry if they wish to claim the credit of IGST paid on the imported goods. The importer who is not registered with GST system is to declare his PAN along with their State code as per the Census of India, which is required for transfer of IGST paid by them to the account of the Consumption State. Diplomatic organization or UN bodies are to quote their UIN on the Bill of Entry; DGFT issued trade notice in this regard vide No.09/2018, dated 12.06.2017. In this trade notice it has been indicated that the import

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urn. Change in EDI Shipping Bill Section 16 of IGST Act, 2017 provides that export of goods shall be zero rated supply. Credit of input tax maybe availed for making zero-rated supplies, notwithstanding such supply may be made an exempt supply. The exporters are required to quote the Shipping Bill and export invoice details in the GST return. The same shall be validated in the Customs EDI system. The confirmation of the export details shall be made once the EGM is filed. The exporter shall be granted refund of IGST paid by him on the exported goods based on the validation by Customs EDI system. This validation is also a proof of export in case the exporter has made the supply under bond or LUT without payment of IGST. The Shipping Bill forms have also been modified to capture details such as GSTIN of exporter, GST export invoice number etc., The exporter is to declare item-wise taxable value and corresponding IGST on the shipping bill. For the time being in force importers/exporters are

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approve the job in the role of ACL in ICES after records the reasons for manual bill of entry and the reference no. of file approval by Commissioner; A six digit bill of entry number would be generated and assigned to the declaration after the concurrence of the AC/DC; The manual BoE shall be filed by the importer quoting the assigned bill and will be assessed on paper as per usual process; After assessment by Appraiser and AC or DC concerned the ACL has an option to enter the total duty and licence associated, if any with this declaration in ICES 1.5; The manual debit of licence is to be invariably done in the licence ledger prior to this process; A challan of duty amount to be paid, post adjustment etc., would be generated in the system and be available for payment in the e-payment portal ICEGATE and bank; Once paid, the receipt of payment would be automatically integrated in the system; The OOC acknowledgement shall be entered by Shed Appraiser in the option provided in the SUP rol

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Customs – FACILITY NOTICE NO. 08/2017 – Dated:- 28-6-2017 – OFFICE OF THE COMMISSIONER OF CUSTOMS (EXPORT) AIR CARGO COMPLEX, SAHAR, ANDHERI (E). MUMBAI – 400 099 F. No. S/3-Misc-17/2016-17 E&T(X)ACC Date: 28.06.2017 FACILITY NOTICE NO. 08/2017 Sub: GST roll out and preparation thereof. With the GST set to be rolled out on 1st July 2017, the final phase of preparation for its implementation is in full swing. Customs too has a major stake in the early implementation of GST as IGST would begin to be levied on the imports from the very first day, the credit of which shall be available to the importers. Similarly, the refund on exports of goods is contingent upon filing of (a) shipping bill accompanied by the GST invoice and (b) export gen

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Customs – FACILITY NOTICE NO. 07/2017 – Dated:- 28-6-2017 – OFFICE OF THE COMMISSIONER OF CUSTOMS (GENERAL) AIR CARGO COMPLEX, SAHAR, ANDHERI (E), MUMBAI – 400 099 F. No ACCGEN/01/17-18 Admn (T) Date: 28.06.2017 FACILITY NOTICE NO. 07/2017 Sub: GST roll out and preparation there of. With the GST set to be rolled out on 1st July 2017, the final phase of preparation for its implementation is in full swing. Customs too has a major stake in the early implementation of GST as IGST would begin to be levied on the imports from the very first day, the credit of which shall be available to the importers. Similarly, the refund on exports of goods is contingent upon filing of (a) shipping bill accompanied by The GST invoice and (b) export general man

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