Goods and Services Tax

GST – States – F-10-40/2017/CT/5(62) – Dated:- 21-6-2017 – Government of Chhattisgarh Commercial Tax Department Mantralaya, Mahanadi Bhawan, Naya Raipur NOTIFICATION Naya Raipur, dated : 21.06.2017 No. F-10-40/2017/CT/V (62) – In exercise of the powers conferred by sub-section (3) of section 1 of the Chhattisgarh Goods and Services Tax Act, 2017 (No. 7 of 2017), the State Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1, 2, 3, 4, 5, 10, 22

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GST – 01/2017 – Dated:- 21-6-2017 – MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 1/2017-UNION TERRITORY TAX New Delhi, the 21st June, 2017 G.S.R. 616(E).-In exercise of the powers conferred by sub-section (3) of section 1 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1, 2, 3, 4, 5, 17, 21 and section 22 of the said Act shall come into force.

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Goods and Services Tax – 01/2017 – Dated:- 21-6-2017 – MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 1/2017-UNION TERRITORY TAX New Delhi, the 21st June, 2017 G.S.R. 616(E).-In exercise of the powers conferred by sub-section (3) of section 1 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1, 2, 3, 4, 5, 17, 21 and section 22 of the said Act shal

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Goods and Services Tax – Started By: – raj kapoor – Dated:- 20-6-2017 Last Replied Date:- 21-6-2017 – Dear Sir /Madam,i have booked a parcel from hyd to mum ex.100 parcel, each parcel value is.30000 this parcel will be sended through transporter in one vehicle E-WAY Bill is Mandatory or not. – Reply By prakash kumar – The Reply = Currently requirement of E-way bill is postponed under GST. For the time being (1-2 months) current system of road permit forms of state government need to be complied

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Goods and Services Tax – Started By: – raj kapoor – Dated:- 20-6-2017 Last Replied Date:- 21-6-2017 – Dear Sir / Madam, I am doing a busines of genral goods and registered business my yearly Turnover is 75 lakhs . Can i buy or sell goods from other state ex.Hyd to Mum. – Reply By prakash kumar – The Reply = Since your annual turnover is less than 75 lacs, so you are eligible to adopt Composite Scheme.But here is one issue, if you are also dealing in inter-state trade, than you can not opt for c

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Goods and Services Tax – Govt all set to ring in GST at stroke of June 30 mid-night – TMI Updates – Highlights

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Won t blink on GST launch,no excuse for biz not being ready:FM – Goods and Services Tax – GST – Dated:- 20-6-2017 – New Delhi, Jun 20 (PTI) The government will not blink on rolling out the GST from July 1, Finance Minister Arun Jaitley said today, emphasising that businesses cannot give any excuse for not being ready as enough time was given to them for preparation. However, implementation of the Goods and Services Tax (GST), which will unify more than a dozen separate levies to create a single market, may result in some disruption and technological glitches initially as traders and the smallest of businesses will have to file returns online, he added. GST, which was originally planned to be implemented from April 1 but was deferred by thre

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e reform step is for betterment. All reforms initially are seen as disruptive, and in the long run are seen as result yielding reform. Jaitley said the process of registration of existing central excise, service tax and state VAT payers in the new system was going on well . It is not a very complicated process, he said adding GST will check tax evasion and in the long run lead to rise in number of the assessees. As many as 65 lakh assesses have already registered and more are expected to sign up. 65 lakh who have registered they did not face problem, the five who have faced problems are on Twitter, he quipped. Ruling out deferring the rollout because of a small number of people who say businesses are not ready, he said when reforms are impl

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night of June 30-July 1 to mark the rollout of GST Jaitley said the GST Council has arrived at tax rates on most of the commodities on the basis on equivalence so that incidence of tax remains at the current level. The tax rates that has been fixed, that will apparently lower our tax revenues. But we are hoping that even after reducing rates the revenues won't come down because evasion would be checked in an efficient system, he said. Asked about GST's impact on inflation, he said when tax rates come down it also has an impact on inflation, but it would also depend on monsoon and oil prices. In some cases, because there are public interest involved, we have in fact brought down the tax rates. On first principle, Centre and states h

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Goods and Services Tax – GST – Dated:- 20-6-2017 – New Delhi, Jun 20 (PTI) Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1. Customers currently pay 15 per cent service tax for such services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and VAT. Financial services and telecom have been put in the 18 per cent GST slab. SBI Card has sent SMS to its customers alerting about the higher incidence of tax. Important: The Government of India proposes to implement the GST which is likely to be effective from July 1, 2017. Consequently, the existing service tax rate of 15 per cent shall be replaced b

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Goods and Services Tax – GST – Dated:- 20-6-2017 – The 2nd reconstituted Board of Trade (BOT) Meeting chaired by Commerce and Industry Minister Smt. Nirmala Sitharaman was held today. Addressing the meeting she said the Government is fully seized with the concerns of the exporters and is engaged in intensive inter- departmental consultations with Department of Revenue and Ministry of Finance on their concerns related to GST. She directed the officers of the Department of Commerce, Department of Revenue and DGFT to consider all the issues appropriately for the Mid-Term Review of the Foreign Trade Policy (FTP). The meeting was attended by the representatives of Industry, Industry Associations, Export Promotion Councils and Commodity Boards.

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as been in continuous interaction with the Department of Revenue in sorting out several issues of exporters relating to GST, and on the suggestion of Commerce and Industry Minister, it is in the process of reviewing the FTP to align it with the GST roll out. DGFT Shri A.K. Bhalla made a detailed presentation explaining the present trade scenario; existing export promotion schemes, efforts made by the Department of Commerce to address various issues of exporters with regard to GST and consultation with various stakeholders including exporters and industry association. He mentioned that while the Mid-Term Review of the FTP 2015-2020 launched on 01.04.2015 was due on 1st September 2017, the same has been pre-poned on the directions of Commerce

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Goods and Services Tax – Started By: – Narendra Soni – Dated:- 20-6-2017 Last Replied Date:- 30-12-1899 – Dear Experts,Please guide in the below matter of refund :-Our GST rate of Raw Material is 18% and for FG are as under:- Product A 5% Product B 18% Product C 28% 1.Can we export our some products on pyt of IGST and other products under Bond, during a same tax period.2.Can we file refund claim of IGST paid on export as well as unutilised ITC for export under bond as exported in 1 above, in a

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Goods and Services Tax – Started By: – prakash kumar – Dated:- 20-6-2017 Last Replied Date:- 21-6-2017 – Dear Professional colleagues,As you know that, item wise detail is required in invoice (like HSN code, rate per piece, quantity of per item). My question is with Freight charged on the face of invoice. Whether one need to show HSN code of freight? If yes, then which HSN code?Similarly how to show other reimbursement(Like- out of pocket Exp) etc? Thanks for your valuable time. – Reply By MUKU

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Goods and Services Tax – GST – Dated:- 20-6-2017 – New Delhi, Jun 20 (PTI) Reminiscent of India's tryst with destiny at the mid-night of August 15, 1947, Parliament's historic Central Hall will host a function on the intervening night of June 30-July 1 to ring in the nation's biggest tax reform – GST. Announcing that the switchover to the Goods and Services Tax (GST) will kick in at the stroke of mid-night, Finance Minister Arun Jaitley said the hour-long function will mirror the contribution made by different political parties and states to the revolutionary new tax regime. The circular-shaped Central Hall had previously hosted a function that marked 50 years of Independence. President Pranab Mukherjee, who had piloted the fir

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formal economy will grow. GST being a more efficient system will also result in better tax compliance, the finance minister stressed. However, in the short term, there will be some challenges in switchover to GST, he pointed out without elaborating. Asked about industry bodies talking about small and medium enterprises not being prepared for the switchover to GST, Jaitley said July 1 as the rollout date has been announced well in advance and so nobody had any business not to be ready . Besides, additional time has been given in the initial period for filing of the results, thus giving enough time to prepare for the transition, he said. On the anti-profiteering clause in the GST law, he said the provision has been made as a deterrent which i

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Goods and Services Tax – Started By: – NITIN DESAI – Dated:- 20-6-2017 Last Replied Date:- 20-6-2017 – Dear sir,we are two star merchant exporters buying goods in india and exporting the same in convertible currency outside india. we are providing ARE and for H for excise and sales tax exemption. Now with the implementation of GST I would like to know as to whether we may procure the material without payment of GST OR we will have to pay GST and subsequently claim refund of ITC. This will resul

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Goods and Services Tax – GST – Dated:- 20-6-2017 – Chennai, Jun 19 (PTI) The Tamil Nadu Assembly on Monday adopted the GST bill amid a walkout by the opposition DMK, which wanted it to be referred to a select committee and taken up later for discussion. Seeking to allay opposition fears of a cascading of taxes following GST's scheduled rollout on July 1, the government said it will aid GDP growth. Finance Minister D Jayakumar, who intervened during the debate ahead of the passage of the Tamil Nadu Goods and Services Tax Bill, 2017, also assured the members that any impact of the rollout would be taken up with the Centre. The meetings of GST Council, of which state finance ministers are members, will be held regularly and matters relate

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y, DMK allies Congress and IUML stayed back when Stalin and his colleagues staged the walkout. DMK member Anitha R Radhakrishnan, who spoke during the debate, said traders will be affected due to GST and alleged that the Centre had not held discussions with them on the matter. The GST should be treated as a pilot exercise for the first year and the government should not act on small discrepancies by traders vis-a-vis returns, he suggested. Congress member S Vijayadharani said although the GST was piloted by Congress-led UPA, the present BJP government at the Centre had introduced some anti-people amendments including cap on tax rates, which, she said, were strongly opposed by her party at the national level. There is a danger of cascading o

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Article 9 – Final Rules (Draft) – Appeals and Revision – GST – Appeals and Revision – Draft Rules – 19-4-2017 – Article 9 – 9. Disqualification for misconduct of an authorised representative Where an authorised representative, other than those referred to in clause (b) or clause (c) of sub-section (2) of section 116 of the Act is found, upon an enquiry into the matter, guilty of misconduct in connection with any proceedings under the Act, the Commissioner may, after providing him an opportunity

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Goods and Services Tax – Started By: – arun aggarwal – Dated:- 20-6-2017 Last Replied Date:- 21-10-2017 – Sir I would like to repeat my question after all the clarifications and implementation of GST is final. I would be left with the stocks on which I have taken cenvat as a registered excise manufacturer./dealer Under GST the rates are much lower than the rates of excise/cenvat I have paid The query is that how to take the refund of that balance, as per sec 140 of GST there is no provision of

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Goods and Services Tax – Started By: – Murari Agrawal – Dated:- 20-6-2017 Last Replied Date:- 21-6-2017 – Dear Experts – When we receive advance against supply, the amount received to be treated as net of tax or including tax. If the goods are supplied within same month, how to show tax in the invoice. If the goods are supplied in subsequent month, how to adjust the tax/ show in Invoice. Thanks. – Reply By MUKUND THAKKAR – The Reply = GST is applicable in case of advance received against supply

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Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 20-6-2017 Last Replied Date:- 29-6-2017 – We have manufacturing of Pharma Machinery having branch within state.As per GST Transitional Provisional Stock lying at the appointment of GST should not beyond one year from the appointment of GST Act.In this regard, we have returned goods from our customer and same has been showing in form V register and lying as finished goods since last two years.Can we transfer the same to our ot

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Goods and Services Tax – Seeks to empower the Principal Commissioner of Central Tax, Bengaluru West to grant registration in case of online information and database access or retrieval services provid

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Goods and Services Tax – Certain sections of the IGST Act, 2017 came into force w.e.f. 22.06.2017 i.e Definitions, Officers, Registration, Application of certain provision of CGST to IGST, Power to ma

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Goods and Services Tax – Modes of verification under CGST Rules, 2017 – Notification – TMI Updates – Highlights

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Goods and Services Tax – Seeks to exempt persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis – Notification – TMI Updates – Highlights

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Goods and Services Tax – Common Goods and Services Tax Electronic Portal – www.gst.gov.in – Notification – TMI Updates – Highlights

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Goods and Services Tax – CGST Rules, 2017 on registration and composition levy – Notification – TMI Updates – Highlights

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Goods and Services Tax – Jurisdiction of Central Tax Officers – CGST officers – Notification – TMI Updates – Highlights

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