Goods and Services Tax

Inter Vs. Intra

Goods and Services Tax – Started By: – ShaikhAbdulSamad Ahmad – Dated:- 23-6-2018 Last Replied Date:- 24-6-2018 – Mr. India provides intermediary service to non resident company. As per section 13 of the IGST Act, 2017 states that PoS is place of provider of service, which destine it as Intra state. However, section 7(5)(c) of…

Levy of GST – distribution of electricity – The Services provided by M/s TPADL with respect to the non-tariff charges recovered from their customers are not eligible for exemption and M/s TPADL is liable to pay tax on the aforesaid recovery made

Goods and Services Tax – Levy of GST – distribution of electricity – The Services provided by M/s TPADL with respect to the non-tariff charges recovered from their customers are not eligible for exemp = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Levy of GST – Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service – The service provided by M/s. Rishi Shipping is classifiable as ‘Rental or leasing services involving own or leased non-residential prop

Goods and Services Tax – Levy of GST – Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service – The service provided by M/s. Rishi Shipping is classifiable as ‘R = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = =…

Error in Submission of GSTR-1 for the M/o May 2018

Goods and Services Tax – Started By: – PUNEET KUMAR – Dated:- 22-6-2018 Last Replied Date:- 23-6-2018 – We are not able to file GSTR-1 for the M/o May 2018 and Status is showing as Error in Submission . After clicking on Error in Submission, Screen displays a message with No Action taken on item…

Refund of GST excess paid in GSTR-3B

Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 22-6-2018 Last Replied Date:- 23-6-2018 – Dear expert We have wrongly paid CGST+SGST due to calculation mistake in GSTR-3B for the month of April 2018. due to this there is a mismatch in GSTR-1 also. Below are the option available for refund claims…

Works Contract under GST

Goods and Services Tax – Started By: – Rizwan Ullah – Dated:- 22-6-2018 Last Replied Date:- 23-6-2018 – Sir,As u are aware works contract under GST is simpler to the one in previous tax regime but still some doubts persists. We are reqistered manufacturing entity, we have upcoming project related to plant expansion which involves…

Levy of GST – Composite supply – natural bundle of services – turnkey project – upon examination of the specific nature of the supply envisaged under the draft contract we conclude that the envisaged supply does not amount to a composite supply.

Goods and Services Tax – Levy of GST – Composite supply – natural bundle of services – turnkey project – upon examination of the specific nature of the supply envisaged under the draft contract we con = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

RECENT ADVANCE RULINGS IN GST (PART-2)

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 22-6-2018 – Advance rulings are important in any tax law as it provides a forum for clarification and possible interpretation of statutory provisions. Moreover, it conveys the legislative intention from the revenue s view point. Provisions of advance ruling are contained…

GST – CBIC modifies the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, as clarified in GST Circular dated 13.04.2018

Goods and Services Tax – GST – CBIC modifies the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, a = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = =…

Total GST refund disposed till 16th June, 2018 stands ​at ​Rs 41,548 crore​;​ ₹ 6,087 crore IGST refund​ sanctioned in the 2nd Special Refund Fortnight extended​ ​from 31st May, 2018 to 16th June,

Goods and Services Tax – GST – Dated:- 21-6-2018 – In line with the commitment of Government to liquidate all pending GST refunds filed till 30th April, 2018, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded the 2nd Special Refund Fortnight extended from 31st May, 2018 to 16th June, 2018. By…

GST CONCERNS FOR LIQUOR INDUSTRY

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 21-6-2018 – Liquor companies have now come out of demonetization, highway sales ban and Goods and Services Tax (GST) hangover and can be said to be in high spirits, if the numbers are to be believed. Infact 2018 so far has…

Modifications to the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, as clarified in Circular No. 41/15/2018-GST dated 13.04.2018 –reg.

Goods and Services Tax – 49/23/2018 – Dated:- 21-6-2018 – Circular No. 49/23/2018-GST F. No. CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 21st June, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners…

Raising of GST Tax Invoice for sharing of Canteen expenses

Goods and Services Tax – Started By: – CABIJENDERKUMAR BANSAL – Dated:- 20-6-2018 Last Replied Date:- 23-6-2018 – Dear Friends! Greetings of the day! In our factories, we are having provisions of food supplies from Food vendor. In one unit through supplies of tifin and in one unit, we are having provision of canteen where…

Centralized registration in case of GTA – GST – a transporter who is registered in more than one State or UT having same PAN, may apply for a unique common enrolment number by submitting the details in FORM GST ENR-02

Goods and Services Tax – Centralized registration in case of GTA – GST – a transporter who is registered in more than one State or UT having same PAN, may apply for a unique common enrolment number by = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Taxation of Corporate agent to insurance company

Goods and Services Tax – Started By: – Tushara Nair – Dated:- 20-6-2018 Last Replied Date:- 20-6-2018 – How is GST applicable for Corporate agents to insurance company? Is it on RCM basis wherein the insurance company would pay tax or on the basis of forward charge where in the corporate agent is liable to…

INPUT TAX CREDIT (ITC) IN GST (PART-III)

Goods and Services Tax – GST – By: – Alkesh Jani – Dated:- 19-6-2018 – In this session we shall Section 18 of CGST Act, 2017, which deals with ITC for a person required to obtain registration under this Act. Any person having all India aggregate turnover above ₹ 20 lakh (10 lakh if business…

COMPOSITE SUPPLY VIS-À-VIS MIXED SUPPLY

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 19-6-2018 – Composite supply Section 2(30) of Central Goods and Services Tax Act, 2017 defines the expression composite supply as a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or…