"January, 2019" Archive

First Time Amendments in CGST and IGST Act, 2017

COMPREHENSIVE ANALYSIS UPDATED WITH THE AMENDMENTS IN THE RULES Vide CGST (Amendment) Act, 2018 as well as IGST (Amendment) Act, 2018; CGST Act, 2017 as well as IGST Act, 2017 have been amended respectively for the first time since the implementation of GST in our Country. Present write-up is an attempt to analyze the said […]...

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Where to show nil rated supply in GSTR-1

Suppose registered dealer A has sold goods worth Rs. 100000/- to registered dealer B. The category of goods is nil rated. Now as law, it should be shown in Table 8. If it is shown here then it is shown here as consolidated figure for the period for one month or three month as the case may be. No details regarding GST registration number...

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Extension of time to submit declaration in Form GST TRAN-1 to 31.03.2019

Order No. 01/2019-GST 31/01/2019

Commissioner hereby extends the period for submitting the declaration in FORM GST TRAN-1 till 31st March, 2019, for the class of registered persons who could not submit the said declaration by the due date on account of technical difficulties on the common portal and whose cases have been recommended by the Council....

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Ombudsman Scheme for Digital Transactions, 2019 – FAQs

The Reserve Bank of India has introduced an Ombudsman Scheme for Digital Transactions, 2019 (the Scheme). It is an expeditious and cost-free apex level mechanism for resolution of complaints regarding digital transactions undertaken by customers of the System Participants as defined in the Scheme. The Scheme is being introduced under Sect...

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RBI Ombudsman Scheme for Digital Transactions, 2019

Ref. CEPD. PRS. No. 3370/13.01.010/2018-19, Press Release: 2018-2019/1802 31/01/2019

 RESERVE BANK OF INDIA The Reserve Bank introduces Ombudsman Scheme for Digital Transactions As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for Digital Transactions (OSDT) vide Notification dated January 31, 2019 for redressal of complaints against Sy...

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Imports of PUF panels/doors for chilled rooms/cold storages under EPCG Scheme

Public Notice No. 71/2015-2020-DGFT 31/01/2019

Imports of PUF panels/doors for chilled rooms/cold storages for storage of fresh fruits and vegetables are allowed under the EPCG Scheme....

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Export Policy for Export of bio fuels from EOU/ SEZ / DTA Reg.

Trade Notice No. 44/2018-2019-DGFT 31/01/2019

Trade and industry are informed that export of bio fuels for non-fuel purposes from EOU/SEZ will be regulated as under:- (i) The export would be in accordance of the para 6.01 of FTP for EOU and / or Rule 26 of SEZ Rules, 2006 (for SEZ units);...

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GST advance ruling cannot be sought on activity undertaken in Past

In reShyam Singh Champawat, M/s Laxmi Machinery Store (GST AAR Rajasthan)

In re Shyam Singh Champawat, M/s Laxmi Machinery Store (GST AAR Rajasthan) The questions sought by the applicant are related to activity undertaken in past-period thus not eligible for advance ruling as per Section 95(a) of CGST/RGST Act, 2017 and hence no ruling is given. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING,RAJASTHAN Note: ...

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GST on Works Contract of Composite Supply for Government Dept

In re Mr. Mr. Kailash Chandra (M/s Mali Construction) (GST AAR Rajeshthan)

The activity of supply, design, installation, commissioning and testing of solar energy based water pumping systems and O & M work by the applicant is a Works Contract of Composite Supply. This composite supply is a mixed of goods and services and predominant supply is supply of services. Since this supply is proposed to be undertaken for...

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12% GST on design & installation of reverse osmosis plant for Govt

In re Mr.Mr. Kailash Chandra (M/s Mali Construction) (GST AAR Rajasthan)

In re Mr. Mr. Kailash Chandra (M/s Mali Construction) (GST AAR Rajasthan) The activity of supply, design, installation, commissioning and testing of reverse osmosis plant and O &M work by the applicant is a Works Contract of Composite Supply. This composite supply is a mixed of goods and services and predominant supply is supply of [&...

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