Goods and Services Tax

Treatment of Cash discounts & Trade discounts under GST

There has been a lot of confusion in treatment of discounts in invoice and questions with respect to which amount should be chargeable to GST. Though the law is pretty clear about it. GST treats all the discounts such as trade discounts, cash discounts, volume/turnover discounts, etc. Instead, the treatment varies with the timing of disco...

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How to Determine Place of Supply of Services under GST- Part II

We had already discussed about the Place of Supply of Services where the location of the supplier and the recipient is in India. Now, we are going to discuss on how to determine the place of supply of services where the location of the supplier and the recipient is outside India as per Section 13 of IGST Act....

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All about GSTR 5 return filing with FAQs & Filing Procedure

A. 12 Frequently Asked Question on Form GSTR-5 1. What is GSTR-5? GSTR-5 is a return to be filed by all Non- Resident Taxpayer in cases he doesn’t wish to avail ITC on local procurements. In case, he wishes to avail ITC on local procurement, he will be required to register as a normal taxpayer and […]...

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Reverse Charge Mechanism Under Goods & Services Tax (GST )

There are two scenarios provided in law when reverse charge is applicable. Section 9(3) and 9(4) of CGST/ SGST (UTGST) Act, 2017 and Section 5(3) and 5(4) of IGST Act, 2017 deals with reverse charge mechanism. Scenarios when reverse charge is applicable are as follows:...

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Officer Interface For Rectification of Errors In Respect of IGST Refund

Kind Attention Is Invited To All Exporters/Trade Associations That The Board Has Devised A Mechanism For Rectification/Correction Of Errors Through Officer Interface For Sanction Of IGST Refund In The Following Cases. The Exporters Are Advised To Approach The Customs At The Respective Ports/ICDs For This Purpose....

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2 Arrested in Delhi for GST evasion of Rs. 28 Crore

Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry. It is the first case of arrest in Delhi, under the new tax regime that came into force on 1st July, 201...

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e-Way Bill Roll out for intra-State goods movement wef 25.05.2018

Ewaybill system for intra-State movement of goods to be implemented from 25.05.2018 in the state of Maharashtra and Manipur and in following UTs Andaman & Nicobar Islands,Chandigarh,Dadra & Nagar Haveli,Daman & Diu and Lakshadweep. PRESS RELEASE 24th May, 2018 Subject: Roll out of e-Way Bill system for intra-State movement of ...

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Facility to change return frequency available on GST Portal

Facility to change return frequency for normal taxpayer is now available on GST Portal Taxpayers whose turnover is above Rs. 1.5 Cr and who have wrongly selected option as quarterly filing, now has been provided with facility to change the option to monthly, provided the taxpayer has not filed any return, as per the wrongly […]...

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Facility to pay reduced penalty is now available on GST Portal

In case Demand ID is created under Section 74 of the CGST Act, 2017, the GST Portal now allows reduced payment towards penalty, as per law. A message is shown to the user, about the reduction in amount of penalty mentioned in the order, if he makes the payment within 30 days from the date of communication of the order andhe is making ful...

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Join 4 day Course on GST by M.S.M.E.- Limited Seats

JOIN 4 day GST CERTIFIED PRACTITIONER course of Ministry of M.S.M.E. at Kolkata, Trichy, Chennai, Coimbatore, Mumbai, Hyderabad, New Delhi and Bangalore in May and June 2018 starting from 26th May 2018. WHAT THE GST CERTIFICATION COURSE AIMS AT? The Course aims to facilitate the Graduating Students, Graduates, Post Graduates, Accountants,...

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GST Council not recommended levy of GST on high speed diesel: HC

Shree Raipur Cement Plant (A unit of Shree Cement Limited) Vs. State of Chhattisgarh, Finance Department, Tax Division, (Chhattisgarh High Court) - GST Council has not recommended levy of GST on high speed diesel and same is not notified by the Central Government under Section 9(2) of the Central Goods and Services Tax Act, 2017....

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18% GST payable on Canteen services by outside vendors in offices & factories: AAR

In re M/s. Rashmi Hospitality Services Private Limited (Authority For Advance Ruling) - Gujarat Bench of AAR passed its order in an application filed by Rashmi Hospitality Services and and ruled that Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST....

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Assessment should not be completed without communicating Petitioner on Adjournment Request

Micro Tech System Vs Assistant Commissioner (Kerala High Court) - In the absence of any communication on the request made by the petitioner, according to me, the assessing authority should not have completed the assessments, without a further notice to the petitioner. ...

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Kerala HC allows department to cancel compounding scheme wrongly allowed with instruction to allow input credit on purchases

Commercial Tax Officer Vs. M/s. MIilona Ice Cream Private Limtied (Kerala High Court) - The appeals are filed against the judgment of the learned Single Judge, affirming the right of the petitioner to pay tax under the compounding scheme. The respondent assessee is engaged in the manufacture and sale of ice-creams. The assessments were of the year 2015-2016 and 2016-2017....

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GST Advance Ruling on Supply of animal carcass in its natural shape to Army

In re M/s. Ahmednagar District Goat Rearing and Processing Co-Op Federation Ltd. (AAR Maharashtra) - Whether the whole (Sheep/Goat) animal carcass in its natural shape in frozen state in different weight and size packed in LDPE bags without mentioning the weight and one or two such LDPE bags further packed in HDPE bags being supplied to Army by applicant against tender shall qualify as product put ...

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IGST on goods supplied while being deposited in a customs bonded warehouse

Circular No. 3/1/2018-IGST - (25/05/2018) - Integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry and the value addition accruing at each stage of supply shall form part of the value on which the integrated tax would be pay...

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Monitor pending IGST refund claims & ensure timely disbursals: CBIC Chairman

DO.No.21/CH(EC)/2018 - (25/05/2018) - IGST / ITC Refunds remain a concern and a priority. At the cost of repetition, I once again request all Chief Commissioners to monitor the pending refund claims and ensure timely disbursals. Necessary assistance must be offered to exporters to resolve any issues being faced in sanction of their clai...

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Officers can Intercept conveyance under Inter & Intra-State Movement in Rajasthan

Notification No. F. 17 (131) ACCT/GST/2017/3560 - (23/05/2018) - Rajasthan Government empower Additional Commissioner, State Tax, Anti Evasion, Joint Commissioner (Adm.), Anti Evasion and all the Joint Commissioner (Adm.), State Tax to authorize the proper officer to intercept any conveyance to verify the e-way bill in physical or electronic form for all inter-st...

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Karnataka notifies GST Appellate Authority for Advance Ruling

Notification No. FD 47 CSL 2017 - (25/04/2018) - Karnataka hereby constitutes Karnataka Appellate Authority for Advance Ruling for Goods and Services Tax consisting of - 1) The Principal Chief Commissioner, Bengaluru, GST 8v CX Zone, Bengaluru; and 2) The Commissioner of Commercial Taxes (Karnataka), Bengaluru....

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Reg. ADM Relief for Un-registered period to dealers who obtained Registration late

Trade Circular No. 16T of 2018 - (24/05/2018) - Earlier, the application for ADM Relief was required to be made manually to the concerned Joint Commissioner. After receipt of the application, consideration of the facts as also the report in this behalf, obtained from the Nodal Officer concerned, the request for ADM Relief was either rejected or g...

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Recent Posts in "Goods and Services Tax"

Treatment of Cash discounts & Trade discounts under GST

There has been a lot of confusion in treatment of discounts in invoice and questions with respect to which amount should be chargeable to GST. Though the law is pretty clear about it. GST treats all the discounts such as trade discounts, cash discounts, volume/turnover discounts, etc. Instead, the treatment varies with the timing of disco...

Read More

How to Determine Place of Supply of Services under GST- Part II

We had already discussed about the Place of Supply of Services where the location of the supplier and the recipient is in India. Now, we are going to discuss on how to determine the place of supply of services where the location of the supplier and the recipient is outside India as per Section 13 of IGST Act....

Read More

All about GSTR 5 return filing with FAQs & Filing Procedure

A. 12 Frequently Asked Question on Form GSTR-5 1. What is GSTR-5? GSTR-5 is a return to be filed by all Non- Resident Taxpayer in cases he doesn’t wish to avail ITC on local procurements. In case, he wishes to avail ITC on local procurement, he will be required to register as a normal taxpayer and […]...

Read More

GST Council not recommended levy of GST on high speed diesel: HC

Shree Raipur Cement Plant (A unit of Shree Cement Limited) Vs. State of Chhattisgarh, Finance Department, Tax Division, (Chhattisgarh High Court)

GST Council has not recommended levy of GST on high speed diesel and same is not notified by the Central Government under Section 9(2) of the Central Goods and Services Tax Act, 2017....

Read More

18% GST payable on Canteen services by outside vendors in offices & factories: AAR

In re M/s. Rashmi Hospitality Services Private Limited (Authority For Advance Ruling)

Gujarat Bench of AAR passed its order in an application filed by Rashmi Hospitality Services and and ruled that Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST....

Read More

Reverse Charge Mechanism Under Goods & Services Tax (GST )

There are two scenarios provided in law when reverse charge is applicable. Section 9(3) and 9(4) of CGST/ SGST (UTGST) Act, 2017 and Section 5(3) and 5(4) of IGST Act, 2017 deals with reverse charge mechanism. Scenarios when reverse charge is applicable are as follows:...

Read More

Officer Interface For Rectification of Errors In Respect of IGST Refund

Kind Attention Is Invited To All Exporters/Trade Associations That The Board Has Devised A Mechanism For Rectification/Correction Of Errors Through Officer Interface For Sanction Of IGST Refund In The Following Cases. The Exporters Are Advised To Approach The Customs At The Respective Ports/ICDs For This Purpose....

Read More

GST: Completion Certificate or first Occupancy- An Understanding

One needs to thus understand as to when the completion certificate is issued and also when will first occupation take place. Only then can one determine the relevant date after which sale of units where entire consideration is received after such relevant date will not be subjected to GST....

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All about GSTR 1- Monthly Statement of Outward Supplies with FAQs

GSTR 1 is a monthly Statement of Outward Supplies all normal registered taxpayers to be filed in a given tax period in which they shall furnish details of all a. Outward supplies to registered persons b. Outward supplies to unregistered persons (consumers) c. Details of Credit/Debit Notes issued against invoices d. Zero rated, exempted, a...

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IGST on goods supplied while being deposited in a customs bonded warehouse

Circular No. 3/1/2018-IGST (25/05/2018)

Integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry and the value addition accruing at each stage of supply shall form part of the value on which the integrated tax would be payable at the time of clearance of the war...

Read More
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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.