Goods and Services Tax

GTA under both RCM & FCM Mechanism

Goods and Services Tax – Started By: – Prakriti Mish – Dated:- 21-8-2018 Last Replied Date:- 21-8-2018 – What would be the implications if a GTA has billed under both RCM and FCM.?what would happen with the input taken in FCM ? Do we have to follow FCM ? – Reply By Ganeshan Kalyani –…

Public Credit Registry (PCR) and Goods and Services Tax Network (GSTN): Giant Strides to Democratise and Formalise Credit in India (Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India, August 20, 2018 – at the Annual Global Banking Conf

Public Credit Registry (PCR) and Goods and Services Tax Network (GSTN): Giant Strides to Democratise and Formalise Credit in India (Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India, August 20, 2018 – at the Annual Global Banking Conference – FIBAC 2018 organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and…

Inward remittance

Goods and Services Tax – Started By: – J eswasr – Dated:- 21-8-2018 Last Replied Date:- 21-8-2018 – Sir,May I know the GST rates payable by agents for inward remittances received from overseas suppliers? Both IGST and CGST payable?Thanks – Reply By Ganeshan Kalyani – The Reply = Pls eloborate your query to answer appropriately.…

Detention of goods with vehicle – incomplete e-way bill – What are the documents to be carried along with the goods? – The language and the legislative intent clear, courts, in the name of discretion, cannot do violence to the statutory mandate.

Goods and Services Tax – Detention of goods with vehicle – incomplete e-way bill – What are the documents to be carried along with the goods? – The language and the legislative intent clear, courts, i = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Seeks to exempt BCD & IGST on goods imported for donation for relief & rehabilitation of the people of Kerala affected by the floods upto 31.12.2018

Customs – 59/2018 – Dated:- 21-8-2018 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 59/2018 – Customs New Delhi dated the 21st August, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied…

Input tax credit

Goods and Services Tax – Started By: – DK AGGARWAL – Dated:- 20-8-2018 Last Replied Date:- 21-8-2018 – Dear SirGST-Input Tax Credit1Please clarify if the ITC is available on replacement or repair of Tube lights, electric wire, in the office. In the purchase invoice of supplier GST number is appearing of buyer and in GSTR-…

Warehouse services – claim of benefit of exemption – agricultural produce or not – Whether the supply of warehouse services used for packing & storage of tea, was/is exempted from GST – Held No. – the activity of M/s. Unilever of processing of r

Goods and Services Tax – Warehouse services – claim of benefit of exemption – agricultural produce or not – Whether the supply of warehouse services used for packing & storage of tea, was/is exempted = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Branding of goods – Whether mention of name of the Appellant on the goods, as required by FSSAI regulations and Legal Metrology Rules, amounts to brand name or not? – Claim of exemption from GST – The use or words ‘VALUE’, ‘CHOICE’ or ‘ SUPERIOR

Goods and Services Tax – Branding of goods – Whether mention of name of the Appellant on the goods, as required by FSSAI regulations and Legal Metrology Rules, amounts to brand name or not? – Claim of = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Classification of the supply – supply of UPS along with the battery – Mixed supply or not – naturally bundled goods – The storage battery has multiple uses and can be put to different uses and when supplied separately with static converter (UPS)

Goods and Services Tax – Classification of the supply – supply of UPS along with the battery – Mixed supply or not – naturally bundled goods – The storage battery has multiple uses and can be put to d = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

RTI – GSTN Network – Keeping in view the supervisory powers of the Commission u/s 25(4) of the RTI Act, 2005, the Commission advises the Respondent to suo motu disclose the information sought by the Complainant in compliance with Section-4 of th

Goods and Services Tax – RTI – GSTN Network – Keeping in view the supervisory powers of the Commission u/s 25(4) of the RTI Act, 2005, the Commission advises the Respondent to suo motu disclose the in = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

How to return the claimed ITC on Purchase return?

Goods and Services Tax – Started By: – Shravan Kumar – Dated:- 19-8-2018 Last Replied Date:- 21-8-2018 – An invoice raised in the month of June 2018 has been canceled by raising Credit note in July 2018 by a vendor. We have claimed ITC in the June 2018 for the received invoice.As the vendor cancelled…

Do i need to pay GST on Advance Payment?

Goods and Services Tax – Started By: – Harish GV – Dated:- 19-8-2018 Last Replied Date:- 20-8-2018 – Im a self employee, my job is to exporting services to outside the India, all my export services fall under 0% GST, Now if i am receiving 100% full advance payment before raising the invoice do i…

Input tax credit – purchase of motor vehicles i.e. cash carry vans – ITC is not available to CMS Info Systems Limited on purchase of motor vehicles i.e. cash carry vans, which are purchased and used for cash management business and supplied post

Goods and Services Tax – Input tax credit – purchase of motor vehicles i.e. cash carry vans – ITC is not available to CMS Info Systems Limited on purchase of motor vehicles i.e. cash carry vans, which = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Classification of an item – Modelling dough – The impugned product being a dough used for amusement of children, the Heading 3407 would be the correct classification.

Goods and Services Tax – Classification of an item – Modelling dough – The impugned product being a dough used for amusement of children, the Heading 3407 would be the correct classification. – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

GST on used cars

Goods and Services Tax – Started By: – Ethirajan Parthasarathy – Dated:- 18-8-2018 Last Replied Date:- 20-8-2018 – As per notification No.8/2018 Central Tax (rate )GST on used cars will be levied on margin. The Margin has to be arrived at by deducting the WDV as on the date of supply from the consideration. The…

Tax Audit Report u/s 44AB – Form 3CD – the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019 – Accordingly reporting of information regarding GAAR and GST deferred.

Income Tax – Tax Audit Report u/s 44AB – Form 3CD – the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019 – Accordingly reporting of in = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

Levy of GST – Whether the money paid by the customer to the driver of the cab for the services of the trip is liable to GST and whether the applicant company is liable to pay GST on this amount? – Held Yes

Goods and Services Tax – Levy of GST – Whether the money paid by the customer to the driver of the cab for the services of the trip is liable to GST and whether the applicant company is liable to pay = = = = = = = = Plain text (Extract) onlyFor full text:-Visit…

Levy of GST – diamonds – e-units – The derivative contracts in e-Units and settlement thereof would be treated as transactions in securities in case it involves only e-Units without any involvement of physical diamonds and thereby would remain o

Goods and Services Tax – Levy of GST – diamonds – e-units – The derivative contracts in e-Units and settlement thereof would be treated as transactions in securities in case it involves only e-Units w = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Can i Claim

Goods and Services Tax – Started By: – Harish GV – Dated:- 17-8-2018 Last Replied Date:- 20-8-2018 – Im a self employee & providing software services to inside/outside India, all my services transactions was credited to my personal saving bank account, but first time I provided software service to US within few days ago and…