Goods and Services Tax

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

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GST on Rent-a-cab

CA Adit Babel Mode of transportation has changed drastically in our country since the rise of Ola and Uber. Just a few clicks/taps and your cab arrives at your doorstep . However, they are not the only players in the market, there are many more private cab service providers as well who provide their services […]...

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Anti Profiteering Upheld In Noodles Case

In yet another case where anti-profiteering charges have been established, the National Anti-profiteering Authority (NAA) has confirmed that sale of Maggie Noodle pack (Noodles) at same price even after rate of GST on it was reduced from 18% to 12% w.e.f. 15 November, 2017 was a case of anti-profiteering u/s 171 of the CGST Act 2017 read ...

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Checklist for GST Health Check

It’s been more than a year since GST, one of the biggest Indirect Tax reform was implemented in India. The new tax regime with its rigid compliance requirements strives to streamline the levy and collection of indirect tax in India. In the race to comply with the GST laws, as a business entity, you must […]...

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Input Credit and Tax Payments under UAE VAT

VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, VAT is charged at every stage of ‘Value Addition’ in the supply chain and the mechanism of Input tax deduction ensures that the businesses act as […]...

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Impact of GST largely positive & constructive on Pharma Sector

Before GST, Annual Turnover of the Pharma Sector (as on 31.05.2017) was Rs 1,14,231 crores while after GST, the Annual Turnover of Pharma sector (as on 31.05.2018) touched Rs 1,31,312 crores, which is 6% higher than the Pre-GST regime....

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Online GST Certification Course by TaxGuru and M.S.M.E.

TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces their most intensive and comprehensive Online GST Certification Course. Batch will start on 02nd December 2018. GST Certification Course covers detailed analysis of entire GST law with special focus on Effective GST Audits & Reconciliation Statements, filing...

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GST Council may have to take a view on the funding of NDRF

Impact on revenues of state govt's due to GST is important as states are the first responders in case of any disasters. How should the National Disaster Response Fund (NDRF) be funded in GST era, Issue of cess on GST for the purpose of funding disaster response are some policy level issues on which GST Council may have to take a view....

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6 Changes in e-way bill generation with effect from 16.11.2018

CBIC has Proposed 6 improvements in e-way bill generation with effect from 16.11.2018 which includes Checking of duplicate generation of e-way bills based on same invoice number, CKD/SKD/Lots for movement of Export/Import consignment, Shipping address in case of export supply type, Dispatching address in case of import supply type,  ‘B...

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Hurry Up! Join 4 day GST Course by M.S.M.E.

JOIN 4 day GST Practitioner Advanced Certified Training course of M.S.M.E. at New Delhi, Mumbai, Chennai, Coimbatore, Cochin, Hyderabad, Trichy, Bangalore, Kolkata, Goa, Noida, Pune and Agra in November and December 2018 starting from 15th November 2018. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORGANISEED BY MSME – ...

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Liability to pay GST: HC ask parties to avail alternate remedy of Arbitration available as per agreement

Chandra Kishor Singh Vs. Director, Construction And Design Services U P Jal Nigam (Allahabad High Court) - Chandra Kishor Singh Vs. Director, Construction And Design Services U P Jal Nigam  (Allahabad High Court) The petitioner is a contractor who has been granted a contract for construction of 100 Boys’ Hostel GIC, Pratapgarh by the Construction and Design Services U.P. Jal Nigam, respondent no.4...

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GST cannot be Deducted from Salary of Employees employed through UPNL

Kundan Singh Vs State & others (Uttarakhand High Court) - Kundan Singh Vs State & others (Uttarakhand High Court) Salary is the property within the meaning of Article 300-A of the Constitution of India. No GST or Service Tax can be deducted from the salary of the petitioners without any authority of law. It is reiterated that the Principal Employer is ...

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Goods seized as were not accompanied by E-way bill; HC allows release on furnishing security

Abhay Traders Vs. State of U.P. & Ors (Allahabad High Court) - Abhay Traders Vs. State of U.P. & Ors (Allahabad High Court) The goods of the petitioner in transportation along with the vehicle was seized under section 129 of the Uttar Pradesh Goods and Services Tax Act, 2017 on 2-6-2018 for the reason that they were not accompanied by the E-way bill. The su...

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GST on services provided under ICT @ School Project

In re Telecommunication Consultants India Ltd (GST AAR Odisha) - In re Telecommunication Consultants India Ltd (GST AAR Odisha) Whether the services provided by the Applicant to the Government and government aided higher secondary schools under the ICT Project, are covered under the scope of Entry No. 72 of Notification No. 12/2017-Central Tax (Rate) dated 28.06....

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GST on custom milling of paddy with transportation of rice & usage of gunny bags

In re Taranjeet Singh Tuteja & Brothers (GST AAR Chhattisgarh) - In re Taranjeet Singh Tuteja & Brothers (GST AAR Chhattisgarh) Tax liability in the business of job work activity of custom milling of paddy involving milling activity, transportation of rice and usage charges of gunny bags. Applicant has been allotted the principal job work of Custom Milling of...

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Clarification on certain issues related to GST refund in Maharashtra

Trade Circular No. 34T of 2018 - (15/11/2018) - Trade Cir. No. 34T of 2018 explains on Status of refund claim after issuance of deficiency memo and recredit of electronic credit ledger and Allowing exporters who have received capital goods under EPCG to claim refund of IGST paid on exports. Also Read-Processing of refund under the GST in Maharash...

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Kerala State Goods And Services Tax (Amendment) Ordinance, 2018

Notification No. 21405/Leg.A2/2018/Law - (15/10/2018) - This Ordinance may be called the Kerala State Goods and Services Tax (Amendment) Ordinance, 2018. During the period of operation of this Ordinance, Kerala State Goods and Services Tax Act, 2017 shall have effect subject to amendments specified in sections 3 to 32....

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Processing of refund under the GST in Maharashtra

Trade Circular No. 33T of 2018 - (14/11/2018) - Trade Circular 33T of 2018 explains Submission of invoices for processing of claims of GST refund, System validations in calculating GST refund amount,  Re-credit of electronic credit ledger in case of rejection of GST refund claim, Disbursal of GST refund amount after sanctioning by the proper off...

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Clarification on Taxability of natural gas under MVAT

Trade Circular No. 32 T of 2018 - (13/11/2018) - Sale of natural gas is liable to VAT @ 13.5% [Sch. Entry B-15]. However, with effect from 24th August 2017, natural gas sold to a manufacturer, certified by the Joint Commissioner of Sales Tax became liable to a lower rate of 3%, by virtue of a newly inserted schedule entry B-16 [Notfn. at reference...

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Collection of tax at source (TCS) under GST by Tea Board of India

Circular No. 74/48/2018-GST - (05/11/2018) - Tea Board of India, being the operator of the electronic auction system for trading of tea across the country including for collection and settlement of payments, admittedly falls under the category of electronic commerce operator liable to collect Tax at Source (TCS) in accordance with the provisio...

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Recent Posts in "Goods and Services Tax"

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

Read More

Liability to pay GST: HC ask parties to avail alternate remedy of Arbitration available as per agreement

Chandra Kishor Singh Vs. Director, Construction And Design Services U P Jal Nigam (Allahabad High Court)

Chandra Kishor Singh Vs. Director, Construction And Design Services U P Jal Nigam  (Allahabad High Court) The petitioner is a contractor who has been granted a contract for construction of 100 Boys’ Hostel GIC, Pratapgarh by the Construction and Design Services U.P. Jal Nigam, respondent no.4. The parties have entered into an agree...

Read More

GST on Rent-a-cab

CA Adit Babel Mode of transportation has changed drastically in our country since the rise of Ola and Uber. Just a few clicks/taps and your cab arrives at your doorstep . However, they are not the only players in the market, there are many more private cab service providers as well who provide their services […]...

Read More

Anti Profiteering Upheld In Noodles Case

In yet another case where anti-profiteering charges have been established, the National Anti-profiteering Authority (NAA) has confirmed that sale of Maggie Noodle pack (Noodles) at same price even after rate of GST on it was reduced from 18% to 12% w.e.f. 15 November, 2017 was a case of anti-profiteering u/s 171 of the CGST Act 2017 read ...

Read More

Impact of GST largely positive & constructive on Pharma Sector

Before GST, Annual Turnover of the Pharma Sector (as on 31.05.2017) was Rs 1,14,231 crores while after GST, the Annual Turnover of Pharma sector (as on 31.05.2018) touched Rs 1,31,312 crores, which is 6% higher than the Pre-GST regime....

Read More

Checklist for GST Health Check

It’s been more than a year since GST, one of the biggest Indirect Tax reform was implemented in India. The new tax regime with its rigid compliance requirements strives to streamline the levy and collection of indirect tax in India. In the race to comply with the GST laws, as a business entity, you must […]...

Read More

Online GST Certification Course by TaxGuru and M.S.M.E.

TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces their most intensive and comprehensive Online GST Certification Course. Batch will start on 02nd December 2018. GST Certification Course covers detailed analysis of entire GST law with special focus on Effective GST Audits & Reconciliation Statements, filing...

Read More

Clarification on certain issues related to GST refund in Maharashtra

Trade Circular No. 34T of 2018 (15/11/2018)

Trade Cir. No. 34T of 2018 explains on Status of refund claim after issuance of deficiency memo and recredit of electronic credit ledger and Allowing exporters who have received capital goods under EPCG to claim refund of IGST paid on exports. Also Read-Processing of refund under the GST in Maharashtra Office of the Commissioner of [&hell...

Read More

Kerala State Goods And Services Tax (Amendment) Ordinance, 2018

Notification No. 21405/Leg.A2/2018/Law (15/10/2018)

This Ordinance may be called the Kerala State Goods and Services Tax (Amendment) Ordinance, 2018. During the period of operation of this Ordinance, Kerala State Goods and Services Tax Act, 2017 shall have effect subject to amendments specified in sections 3 to 32....

Read More

GST cannot be Deducted from Salary of Employees employed through UPNL

Kundan Singh Vs State & others (Uttarakhand High Court)

Kundan Singh Vs State & others (Uttarakhand High Court) Salary is the property within the meaning of Article 300-A of the Constitution of India. No GST or Service Tax can be deducted from the salary of the petitioners without any authority of law. It is reiterated that the Principal Employer is the State Government. The […]...

Read More

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.

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