Advisory for issue of tax invoices & GST facts \u2014 reg.
FIN\/REV-3\/GST\/1\/08\/465 Dated:- 14-9-2017 Nagaland SGST
GST – States
GOVERNMENT OF NAGALAND
\nFINANCE DEPARTMENT
\n(REVENUE BRANCH)
\nNo. FIN\/REV-3\/GST\/1\/08\/465
\nOFFICE MEMORANDUM
\nDated 14th September 2017
\nSubject: Advisory for issue of tax invoices & GST facts – reg.
\n1. With the introduction of the Goods and Service Tax (GST) in the State from July 1, 2017, it has become imperative upon all authorities who award contracts or execute agreements for supply of goods or services (including works contract) or both, and make payments for such supply of goods or services or both, to ensure that Government revenue is protected and secured under all circumstances.
\n2. All concerned may note that GST has subsumed all indirect Central and State taxes in the country. GST is administered broadly under three Acts namely, the Central GST (CGST), the State GST (SGST) and the Integrated GST (IGST). Therefore, for better administration and<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ifferent States. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n the undertaking prescribed by Commissioner of Taxes, Nagaland vide this office letter No. CT\/GST-C\/160\/2016 dated 11.8.2017 is furnished till further orders. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Advisory for issue of tax invoices & GST facts \u2014 reg.FIN\/REV-3\/GST\/1\/08\/465 Dated:- 14-9-2017 Nagaland SGSTGST – StatesGOVERNMENT OF NAGALAND FINANCE DEPARTMENT (REVENUE BRANCH) No. FIN\/REV-3\/GST\/1\/08\/465 OFFICE MEMORANDUM Dated 14th September 2017 Subject: Advisory for issue of tax invoices & GST facts – reg. 1. With the introduction of the Goods and Service Tax (GST) in … Continue reading “Advisory for issue of tax invoices & GST facts \u2014 reg.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8050","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8050"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8050\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n(g) GST is a destination-based tax where taxes collected are eventually accrued (credited) to the State where the goods or services or both are finally consumed.
\n(h) The tax invoice of the supplier is the document or the basis upon which the GST paid is transferred to the destination State (where the goods or services are finally consumed).
\n3. Therefore, it is very critical that the type of tax (whether CGST\/SGST or IGST) are correctly recorded in the tax invoice while effecting supplies. Unless the type of tax that one pays or deducts is correctly recorded in the tax invoice of the suppliers along with the supplier GSTIN, State Code (State Code of Nagaland is “13”) and address of the recipient (buyer), the tax so paid, in all likelihood, will be retained by the supplier's State and the consuming (recipient) State like Nagaland, in all probability, will lose the revenue.
\n4. For consuming States like Nagaland, it is of utmost importance for all concerned to ensu<\/p>\n
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\n(iii) The Transport Department may take extra care and ensure that no vehicle purchased (Whether by Government departments or individuals of Nagaland) from outside the State are given registration certificate in the State unless the tax invoice bears the supplier's GSTIN, type of tax as “IGST” with our state code as “13” sand address of the buyer so as to protect and secure the revenue of the state.
\n6. It is also clarified for general information that for the purpose of effecting tax deducted at source (TDS) under GST, the window for registration for applying GST Identification Number (GSTIN) is scheduled to be opened w.e.f. 18th September 2017. The necessity of DDOs obtaining GSTIN has been elaborated in the earlier circulars issued by this department. All concerned may therefore take steps to obtain Tax Deduction and Coll<\/p>\n
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