Goods and Services Tax

Levy of GST – interpretation of words 'unit container' as found in the schedule entries of the Notifications issued under the provisions of the IGST Act – the impugned packing would satisfy the requirement of the definition of “unit container” –

Goods and Services Tax – Levy of GST – interpretation of words unit container as found in the schedule entries of the Notifications issued under the provisions of the IGST Act – the impugned packing w = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Levy of GST – liquidated damages – to be classified within the Heading 9997 – Liable to be taxed @18%. – time of supply will be, when the same is determined / established as per the agreement – AAR

Goods and Services Tax – Levy of GST – liquidated damages – to be classified within the Heading 9997 – Liable to be taxed @18%. – time of supply will be, when the same is determined / established as p = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

refund of accumulated ITC in case of export.

Goods and Services Tax – Started By: – bk r – Dated:- 22-5-2018 Last Replied Date:- 23-5-2018 – The client is engaged in manufacturing of goods and clear the goods in domestic market and as well as export . the party get the advance authorisation licence and get the goods imported without BCD,SAD, CVD, Cess…

Regarding ITC on stock held

Regarding ITC on stock held – Goods and Services Tax – Started By: – m Bhagat – Dated:- 22-5-2018 – R/SOne dealer taken Reg. on Composition from 18/08/2017 and he withdraw ,composition from 01.04.2018 = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

ADVANCE RULING AUTHORITIES

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 22-5-2018 – Chapter XVII of the Central Goods and Services Tax Act, 2017 ( Act for short) deals with the provisions relating to advance ruling. Section 96 of the Act prescribes the Authority for advance rulings. This section provides that subject to…

usa to india

Goods and Services Tax – Started By: – kalathur narasimhan – Dated:- 21-5-2018 Last Replied Date:- 22-5-2018 – When I ship commercial goods form USA to Indian Firm do I need to register for GST – Reply By Alkesh Jani – The Reply = Sir, In terms of Section 7(2) of IGST Act, 2017, which…

Manufacturing export and merchant export

Goods and Services Tax – Started By: – Abhay Inamdar – Dated:- 21-5-2018 Last Replied Date:- 22-5-2018 – Pls guide whether a manufacturing exporter can do MERCHANT EXPORT with same GSTIN. – Reply By Alkesh Jani – The Reply = Sir, The GST regime is supply based, export is considered as zero-rated supply. As a…

Employee Transfer to Related Party company – Gratuity

Goods and Services Tax – Started By: – SARAVANAN RENGACHARY – Dated:- 21-5-2018 Last Replied Date:- 22-5-2018 – Dear Experts,Two companies are related. i.e. ABC Private Limited and XYZ Private Limited.An employee of the company (ABC) is permanently transferred to another company (XYZ). Subsequently, accrued Gratuity liability of the employee is also transferred from ABC…

GIST OF RECENT PRONOUNCEMENTS ON GST (PART-XI)

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 21-5-2018 – Goods and Services Tax (GST), introduced from July 1, 2017 is more than ten months old now but has resulted in operational and implementation disruptions affecting all stakeholders. GST law, as drafted and legislated, is not free from the…

Lakshadweep – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government, rescinds the notification number G.S.R. 319(E), dated the 31st March, 2018

Goods and Services Tax – 11/2018 – Dated:- 21-5-2018 – MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11/2018-Union Territory Tax New Delhi, the 21st May, 2018 G.S.R. 471(E).-In exercise of the powers conferred under sub-section (1) of section 22 of the Union Territory Goods and Services Tax Act, 2017 (No. 14 of 2017) and…

Andaman and Nicobar Islands – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government, rescinds the notification number G.S.R. 315(E), dated the 31st March, 2018

Goods and Services Tax – 10/2018 – Dated:- 21-5-2018 – MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10/2018-Union Territory Tax New Delhi, the 21st May, 2018 G.S.R. 470(E).-In exercise of the powers conferred under sub-section (1) of section 22 of the Union Territory Goods and Services Tax Act, 2017 (No. 14 of 2017) and…

GST -Provisional User Id -Deactivation/Cancellation

Goods and Services Tax – Started By: – Kanhu Padhy – Dated:- 20-5-2018 Last Replied Date:- 21-5-2018 – This is an issue of User Id Cancellation/de-activation from accessing of GST Common Portal. It has been seen that some of the companies/traders/vendors/enterprises might not in a position to submit the REG-26 Form for the migration purpose.…

Chandigarh – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government, rescinds the notification number G.S.R. 316(E) dated the 31st March, 2018 – Notification

Goods and Services Tax – Chandigarh – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government, rescinds the notification number G.S.R. 316(E) dated the 31st March, 2018 – Notification – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Dadra and Nagar Haveli – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government rescinds the notification number G.S.R. 317(E) dated the 31st March, 2018 – Notification

Goods and Services Tax – Dadra and Nagar Haveli – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government rescinds the notification number G.S.R. 317(E) dated the 31st March, 2018 – Notification – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Daman and Diu – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government rescinds the notification number G.S.R. 318(E), dated the 31st March, 2018 – Notification

Goods and Services Tax – Daman and Diu – E-way bill comes into effect w.e.f. 25-5-2018 – Central Government rescinds the notification number G.S.R. 318(E), dated the 31st March, 2018 – Notification – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Rate of GST – Even though the meal, snacks, teas are provided to and consumed by the workers/ employees of the recipient, the applicant is providing service to the recipient and not to workers / employees of the recipient – it is not in the natu

Goods and Services Tax – Rate of GST – Even though the meal, snacks, teas are provided to and consumed by the workers/ employees of the recipient, the applicant is providing service to the recipient a = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Refund under Inverted Duty Structure – Anomaly

Goods and Services Tax – GST – By: – CA Akash Phophalia – Dated:- 19-5-2018 Last Replied Date:- 20-5-2018 – 1. Inverted Duty Structure – Meaning- Inverted Duty Structure means a situation where the tax rate on inputs is higher than tax rates on outward supplies. Thus where taxes paid on inputs are at a…

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

Goods and Services Tax – GST – By: – Alkesh Jani – Dated:- 19-5-2018 – The Input Tax Credit is one of the key features of Indirect tax. The objective of ITC is to avoid cascading effect on tax. GST is supply based and the entire supply chain would be subject to GST. As the…

Treament of GST in case of issue of credit note

Goods and Services Tax – GST – By: – CA.LALIT MUNOYAT – Dated:- 19-5-2018 Last Replied Date:- 20-5-2018 – Treatment of GST for Credit Note for Discount given post supply Sec 15 (3) provides that he value of the supply shall not include any post sales discount except such discount is established in terms of…

Extension of the due date for filing of GSTR-3B for the month of April, 2018 till 22.05.2018

GST – States – 23/2018 –State Tax – Dated:- 19-5-2018 – COMMISSIONER OF STATE TAX, MAHARASHTRA STATE GST Bhavan, Mazgaon, Mumbai 400 010, dated the 19th May 2018. NOTIFICATION Notification No. 23/2018 -State Tax. No. JC(HQ)-1/GST/2018/Noti/Return/ADM-8.-In exercise of the powers conferred by section 168 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII…