Goods and Services Tax

Measures to Expedite refund of GST to Exporters

Goods and Services Tax – GST – Dated:- 18-7-2018 – In order to sort out the problems being faced by the exporters for refund claims of GST two Special Drive Refund Fortnight were organized from 15.3.2018 to 29.3.2018 and from 31.5.2018 to 16.6.2018. As a result, most of the claims filed till 30.04.2018 have been…

Tax Payment Pre GST inivoice

Goods and Services Tax – Started By: – AKSHAY NAIK – Dated:- 18-7-2018 Last Replied Date:- 18-7-2018 – Dear Sirs,There is a Pre-GST Transporters (GTA) invoice which is required to be paid (late payme = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Non-filing of part B of E-way bill – Inter and Intra State Supply of Goods or Services – Rule 138 and Section 68 of Central Goods and Service Tax Act, 2017 and M. P. Goods and Service Tax Act, 2017 – it is mandatory for the petitioner to file th

Goods and Services Tax – Non-filing of part B of E-way bill – Inter and Intra State Supply of Goods or Services – Rule 138 and Section 68 of Central Goods and Service Tax Act, 2017 and M. P. Goods and = = = = = = = = Plain text (Extract) onlyFor full text:-Visit…

GIST OF RECENT PRONOUNCEMENTS ON GST (PART-XIV)

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 18-7-2018 – Goods and Services Tax (GST), introduced from July 1, 2017 is more than one year old now but has resulted in operational and implementation disruptions affecting all stakeholders. GST law, as drafted and legislated, is not free from the…

Gst on exempted service tax works contract

Goods and Services Tax – Started By: – Bijay Bharat – Dated:- 17-7-2018 Last Replied Date:- 18-7-2018 – Dear Sir/Madam,Our company has went into a works contract agreement with state govt which mentions specifically that all taxes are included except service tax which will be reimbursed as per actual but now after GST coming into…

Interest rates under CGST Act.

Goods and Services Tax – Started By: – Alkesh Jani – Dated:- 17-7-2018 Last Replied Date:- 18-7-2018 – Sir, In terms of Section 50 (3) of CGST Act, If ITC is wrongly taken or utilized, on reversal interest @ 24% is to be paid. However, if refund is delayed for more than 60 days, interest…

FIRST APPELLATE ORDER IN ADVANCE RULING

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 17-7-2018 – In March, 2018, Authority for Advance Ruling (AAR), Maharashtra had pronounced a ruling on job work vis-à-vis manufacture in relation to supply of goods (electricity). The advance ruling under reference is in the matter of In Re JSW Energy…

ITC ON CANTEEN

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 16-7-2018 Last Replied Date:- 17-7-2018 – We have provide CANTEEN facility to our employees free of cost.Whether we are eligible for ITC Credit on purchase of goods for CANTEEN. – Reply By SHIVKUMAR SHARMA – The Reply = No.you are not eligible for…

Tax rate for used machinery

Goods and Services Tax – Started By: – Tharini R – Dated:- 16-7-2018 Last Replied Date:- 18-7-2018 – We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same. – Reply By Alkesh Jani – The Reply = Sir, If the said machinery is older than 5…

Clarification on taxability of custom milling of paddy – Milling of paddy is not an intermediate production process in relation to cultivation of plants. – Rate of GST is 5%

GST – States – Clarification on taxability of custom milling of paddy – Milling of paddy is not an intermediate production process in relation to cultivation of plants. – Rate of GST is 5% – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

GST is not leviable on General Insurance policies provided by a State Government to employees of the State government/ Police personnel, employees of Electricity Department or students of colleges/ private schools etc.

GST – States – GST is not leviable on General Insurance policies provided by a State Government to employees of the State government/ Police personnel, employees of Electricity Department or students = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

Supply of goods or services or both between related persons or between distinct persons as specified in Section 25, when made in the course or furtherance of business, even if, without consideration, attracts GST.

GST – States – Supply of goods or services or both between related persons or between distinct persons as specified in Section 25, when made in the course or furtherance of business, even if, without = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Mere cutting and packing of fabrics into pieces of different lengths from bundles or thans, will not change the nature of these goods and such pieces of fabrics would continue to be classifiable under the respective heading as the fabric and att

GST – States – Mere cutting and packing of fabrics into pieces of different lengths from bundles or thans, will not change the nature of these goods and such pieces of fabrics would continue to be cla = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Chargeability of tax/GST – Classification of goods – support services of loading, unloading, packaging, storage or warehousing of agriculture produce – if any processing is done on these products as is not usually done by a cultivator or produce

Goods and Services Tax – Chargeability of tax/GST – Classification of goods – support services of loading, unloading, packaging, storage or warehousing of agriculture produce – if any processing is do = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

Bio Fertilizer – rate of GST – Bio-Fertilizers, other than those put up in Unit Container and bearing a brand name will covered under Schedule I of rate of GST on Goods and would attracts NIL rate of duty and if the Bio-Fertiliser is put up in U

Goods and Services Tax – Bio Fertilizer – rate of GST – Bio-Fertilizers, other than those put up in Unit Container and bearing a brand name will covered under Schedule I of rate of GST on Goods and wo = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

APPELLATE AUTHORITY FOR ADVANCE RULINGS UNDER GST

Goods and Services Tax – GST – By: – Mr.┬áM. GOVINDARAJAN – Dated:- 16-7-2018 – Appeal to Appellate Authority Section 98(4) of Central Goods and Services Act, 2017 ( Act for short) provides that where an application for advance ruling is admitted, the Authority for Advance Ruling shall, after examining such further material as may…

Land Development charges-eligible for ITC?

Goods and Services Tax – Started By: – BHAVESH JHALAWADIA – Dated:- 15-7-2018 Last Replied Date:- 17-7-2018 – Land occupied by company. Company is going to construct factory over the land. Factory is for chemical business. In order to construct the factory over the land, first land is to be properly developed Contract is given…

Place of Supply

Goods and Services Tax – Started By: – sanjeev batra – Dated:- 14-7-2018 Last Replied Date:- 15-7-2018 – 1)What would be the place of supply in case of transport of passenger on a hire bus from delhi to haryana and same day return journey from haryana to delhi on a daily basis if recipient is…

Levy of GST/NIL rate of duty – processes undertaken on agricultural produce – all other processes which are done after acquiring the stage of first marketability fall outside the scope of exemption clause pertaining to agriculture produce.

Goods and Services Tax – Levy of GST/NIL rate of duty – processes undertaken on agricultural produce – all other processes which are done after acquiring the stage of first marketability fall outside = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = =…