Goods and Services Tax

GST credit on GTA services paid under RCM

GST credit on GTA services paid under RCM – Goods and Services Tax – Started By: – Ashwin Garg – Dated:- 15-8-2018 – Dear Experts,GST on GTA services is payable in cash under RCM on or before 20th of = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

Challenge to Advance Ruling – Classification of Skin care preparations – the 31 products discussed, supplied or intended to be supplied by the Appellant, are not to be classified under Chapter 30, but are to be classified under Chapter 33 (Cosme

Goods and Services Tax – Challenge to Advance Ruling – Classification of Skin care preparations – the 31 products discussed, supplied or intended to be supplied by the Appellant, are not to be classif = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Supply of goods or services – Contract Management System (CMS) – Activities the Applicant proposes to undertake are services associated with manufacturing of metal, and may be termed as “continuous supply of service” within the meaning of Sectio

Goods and Services Tax – Supply of goods or services – Contract Management System (CMS) – Activities the Applicant proposes to undertake are services associated with manufacturing of metal, and may be = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = =…

Place of supply

Goods and Services Tax – Started By: – Archna Gupta – Dated:- 14-8-2018 Last Replied Date:- 15-8-2018 – Dear ExpertsPlease reply to following query:Indian company is entering into an agreement with a German company for providing consulting services in India for a project going on in India. It will submit its report in India as…

car repair and car insurance

Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 14-8-2018 Last Replied Date:- 15-8-2018 – whether itc on car repair and car insurance available to a business concern – Reply By Rajagopalan Ranganathan – The Reply = Sir,According to Section 16 (1) of CGST Act, 2017 every registered person shall, subject to…

REFUND OF IGST PAID AGAINST IMPORT OF CAPITAL GOODS

Goods and Services Tax – Started By: – RICHA RICHA – Dated:- 14-8-2018 Last Replied Date:- 15-8-2018 – SirWe had business for Dyeing & Printing of Textile fabric, now we planning to purchase Digital Printing Machine from Italy, Pls reply below points:1. Can we refund IGST Paid on imported capital goods.2. Is there any different…

ITC availability on MS Columns and stucture

Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 14-8-2018 Last Replied Date:- 15-8-2018 – Dear expert Under Section 17 (5) (d) of CGST Act 2017 Input tax credit of goods and services received by taxable person for construction of immovable property (other than plant or machinery) is not allowed. We have…

Commission on sale

Goods and Services Tax – Started By: – Suman Gl – Dated:- 14-8-2018 Last Replied Date:- 15-8-2018 – Hello sir I'm distributor I purchase topup currency from United India marketing Now he is asking to rise invoice on commission on sales and to show in gstr3b and in gstr1 is it correct sir. And I…

CIN in Tax Invoices

Goods and Services Tax – GST – By: – Praveen Nair – Dated:- 14-8-2018 – Section 12(3)(c) of Companies Act 2013, which is effective from 01-04-2014, provides that every company shall get its name, address of its registered office and the Corporate Identity Number along with telephone number, fax number, if any, e-mail and website…

refund of capital goods under inverted duty

refund of capital goods under inverted duty – Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 13-8-2018 Last Replied Date:- 14-8-2018 – Sirdepartment has paid refund for inverted dut = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = =…

COMPOSITE DEALER

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 13-8-2018 Last Replied Date:- 14-8-2018 – Under Composite Dealer The rate applicable to the supplies (i.e. Manufacturer supply & Traders Supply) is the rate at which GST has to be paid. – Reply By Himansu Sekhar – The Reply = What is the…

EXEMPTION TO E-WAY BILL REQUIREMENT – PART II

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 13-8-2018 – Exemption under Notification 07/2017-Central Tax (Rate) The Central Government vide Notification No.07/2017-Central Tax (Rate), dated 28.06.2017 exempted the following goods from the levy of GST- Any Chapter – The supply of goods by the CSD to the Unit Run Canteens;…

Filings of GST Returns

Goods and Services Tax – GST – Dated:- 11-8-2018 – The Goods and Services Tax Council has simplified the return filing process for small businesses. The GST Council, in its 28th meeting held on 21st July, 2018 in New Delhi, in principle approved the new return formats and associated changes in law for small businesses.…

GST on apartment purchase

Goods and Services Tax – Started By: – Maneesh Agarwal – Dated:- 11-8-2018 Last Replied Date:- 14-8-2018 – I'm looking for under construction apartment which would be ready in a month time.Builder is asking to pay GST on below items. Should GST be applicable on all these items? UDS consideration Cost of construction of apartment…

Anti-Profiteering Mechanism under GST

Goods and Services Tax – GST – Dated:- 11-8-2018 – The month-wise details of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government till 31st July, 2018 are as under: (In Rs. Crore) Month GST collection Jul 17 21,572 Aug…

GST Compensation to States

Goods and Services Tax – GST – Dated:- 11-8-2018 – Government has compensated to the States/UTs for the reported revenue deficit on account of implementation of Goods and Services Tax (GST). As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States on account of implementation…

Impact and Awareness of GST

Goods and Services Tax – GST – Dated:- 11-8-2018 – Steps taken by the Government to increase awareness about the features of Goods and Services Tax (GST) are as follows: conducting workshops and seminars regularly across the country, posting of laws, rules, notifications and other information on the departmental website, placing of Frequently Asked Questions…

EXEMPTION TO E-WAY BILL REQUIREMENT – PART I

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 11-8-2018 – Introduction The provisions of GST came into effect from 01.07.2017. At the time of introduction there is no provision for e-way bill. Rule 138 of Central Goods and Services Tax Rules, 2017 provides that till such time as an E-way…

Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than ₹ 1.5 crores for the months from July, 2018 to March, 2019

Goods and Services Tax – Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than ₹ 1.5 crores for the months from July, 2018 to March, 2019 – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full…

Seeks to prescribe the due dates for quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of upto ₹ 1.5 crores for the period from July, 2018 to March, 2019

Goods and Services Tax – Seeks to prescribe the due dates for quarterly furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of upto ₹ 1.5 crores for the period from July, 2018 to March, 2019 – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full…

The fertilizers supplied for direct use as fertilizers, or supplied for use in the manufacturing of other complex fertilizers for agricultural use (soil or crop fertilizers), will attract 5% IGST.

Goods and Services Tax – The fertilizers supplied for direct use as fertilizers, or supplied for use in the manufacturing of other complex fertilizers for agricultural use (soil or crop fertilizers), will attract 5% IGST. – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

GST will be payable by the refinery only on the net quantity of petroleum gases retained by the recipient manufacturer for the manufacture of petrochemical and chemical products.

Goods and Services Tax – GST will be payable by the refinery only on the net quantity of petroleum gases retained by the recipient manufacturer for the manufacture of petrochemical and chemical products. – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Applicable GST rate on Disc Brake Pad – in view of the HSN Explanatory Notes that the said goods, namely “Disc Brake pad” for automobiles, are appropriately classifiable under heading 8708 of the Customs Tariff Act, 1975 and would attract 28% GS

Goods and Services Tax – Applicable GST rate on Disc Brake Pad – in view of the HSN Explanatory Notes that the said goods, namely “Disc Brake pad” for automobiles, are appropriately classifiable under = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…