Goods and Services Tax

Understanding Part III of GSTR – 9C Reconciliation of Tax Paid

The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has provided the format of FORM GSTR – 9C. As per section 35 (5) of the Central Goods and Service Tax Act, 2017, read with rule 80 (3) of the Central Goods and Service Tax Rules, 2017, […]...

Read More

Deductions and Deposits of TDS by DDO under GST

The central government has issued the Circular No. 65/39/2018 regarding guidelines related to Deductions and Deposits of TDS by the DRAWING AND DISBURSING OFFICER (DDO) under GST. In these article we will see the detailed information about the circular....

Read More

Implications of TCS on E-Commerce Industry

E-Commerce industry had unique place in GST regime. TCS (Tax collected at source) provisions were incorporated into the GST act, however the provisions were not actively notified....

Read More

Understanding Part II of GSTR 9C – Reconciliation of Turnover

Section 35 (5) of the Central Goods and Service Tax Act, 2017 provides that every registered person whose aggregate turnover exceeds INR 2 Crore is required to submit a reconciliation statement along with the audited reports. The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th Septemb...

Read More

Amendment in Transitional Provision, 2018: Too Ambiguous….. Grossly unfair

Apparently there appears to be an attempt to shrink the ambit and scope of Transactional Provision and it requires immediate attention considering the wide impact it is going to have on the persons who have rightly availed the CENVAT Credit of the Service tax and bonafidly carried forward with the advent of the GST regime....

Read More

Online GST Course for GST Practitioners and Others

Online GST Certification Course by TaxGuru and GST Professionals – Oct’ 2018 Batch (Registration Open) TaxGuru and GST Professionals announces its Oct’ 2018 batch and most comprehensive Online GST Certification Course after successfully completing its previous 6 batches with thousand of successful participants. The new batc...

Read More

Gang Issuing Bogus Bills and Bogus E-Way Bills Busted

In the last one month, the officers have identified gang of bogus dealers who are involved in bill trading. This arrest is the third in a series of actions in Karnataka. As per the preliminary information available, the tax involved in bill trading transactions is around Rs.253 Crore. In-depth investigation is in progress to initiate, app...

Read More

GST Practitioners -How to Register for Exam, Pattern & Syllabus

GST Practitioners will be a Computer Based Exam. The registration for this exam can be done by the eligible GSTPs on a registration portal, link of which (https://nacin.onlineregistrationform.org/) will also be provided on NACIN and CBIC websites....

Read More

ICAI invites suggestions on FORM GSTR-9C Reconciliation Statement & Certificate

Government vide Notification No. 49/2018 – Central Tax dated 13th Sept, 2018 has notified Part A- FORM GSTR-9C – Reconciliation Statement, Part B-Certificate to be certified by the Chartered Accountants....

Read More

Writ in Madras HC against constitution of GST Authority for Advance Rulings

Revenue Bar Association has filed and Writ Petition in Madras High Court under Article 226 of the Constitution of India seeking a writ of declaration to declare: a) Chapter XVII of the Central Goods and Services Tax Act, 2017, more particularly, sections 96 and 99 of the Central Goods and Services Tax Act, 2017 relating […]...

Read More

3% Tax Rate benefit under MVAT Act cannot be given prior to 14.10.2017

Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court) - Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court) The only question that we have to consider is whether this concessional rate of duty could be availed of by the petitioner from 24.08.2017 to 13.10.2017. The intervening period where the taxable pe...

Read More

Gujarat HC stays retrospective amendment in case of inverted duty refunds

Gujarat High Court on 18/09/2018 grants interim stay on the retrospective amendment in case of inverted duty refunds whereby refund on input services was denied by notification dated 13-06-2018 w.e.f. 01-07-2017. This is welcome news for persons consuming job work and other service for outward suppl...

Read More

HC permits release of Goods Detained for not containing Vehicles Details in E-Way Bill on furnishing BG & Bond

K. Karunakaran Vs Asst. State Tax Officer (Kerala High Court) The petitioner, engaged in works contract, purchased material from Ghaziabad, as seen from Ext.P1 invoice. Ext.P2 e-way bill, however, did not contain the details of the vehicle used for the transport. The vehicle and the goods detained, ...

Read More

NAA penalises Builder for not passing GST Input credit Benefit to customers

Shri Sukhbir Rohilla & 108 Ors Vs Director General Anti-Profiteering (National Anti-Profiteering Authority) Authority under Rule 133 (3) (a) of the CGST Rules, 2017 orders that the Respondent shall reduce the price to be realized from the buyers of the flats in commensurate with the benefit of I...

Read More

No option to Restaurants to pay GST @ 18% with input tax credit

In re Coffee Day Global Limited (GST AAR Karnataka) - In re Coffee Day Global Limited (GST AAR Karnataka) The Applicant is in the business of running restaurants under the name and style of Café Coffee Day where non-alcoholic beverages and food items are served. Notification No.46/2017 dated 14.11.2017 provides that restaurants can pay GST @5% (CGST-2...

Read More

TCS Rate on intra-State taxable supplies by e-commerce operator

Notification No. 52/2018 — Central Tax - (20/09/2018) - CBIC notifies the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State taxable supplies vide Notification No. 52/2018 — Central Tax dated: 20th September, 2018 Government of India Ministry of Finance (Department of Revenue) Central Board of I...

Read More

CBIC amends Table 43 of notification No. 9/2017 – Integrated Tax (Rate)

Notification No. 24/2018-Integrated Tax (Rate) [G.S.R. 907(E)] - (20/09/2018) - Seeks to insert explanation in an entry in notification No. 9/2017 – Integrated Tax (Rate) by exercising powers conferred under section 6(3) of IGST Act, 2017. Government of India Ministry of Finance (Department of Revenue) Notification No. 24/2018-Integrated Tax (Rate) New Delhi, the 20th Septemb...

Read More

CBIC amends Table 41 of notification No. 12/2017– Central Tax (Rate)

Notification No. 23/2018- Central Tax (Rate) [G.S.R. 906(E)] - (20/09/2018) - Seeks to insert explanation in an entry in notification No. 12/2017 – Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017. Government of India Ministry of Finance (Department of Revenue) Notification No. 23/2018- Central Tax (Rate) New Delhi, the 20th September,...

Read More

CBIC amends Table 41 of notification No. 12/2017– Union Territory Tax (Rate)

Notification No. 23/2018-Union Territory Tax (Rate) - (20/09/2018) -  Seeks to insert explanation in an entry in notification No. 12/2017 – Union Territory Tax (Rate) by exercising powers conferred under section 8(3) of UTGST Act, 2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 23/2018-Union Territory Tax (Rate) New Delhi, the...

Read More

IGST: TCS Rate on intra-State taxable supplies by e-commerce operator

Seeks to notify the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for inter-State taxable supplies Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 02/2018 — Integrated Tax Ne...

Read More

Browse All Categories

CA, CS, CMA (3,827)
Company Law (4,005)
Custom Duty (7,033)
DGFT (3,742)
Excise Duty (4,154)
Fema / RBI (3,505)
Finance (3,715)
Income Tax (27,898)
SEBI (2,937)
Service Tax (3,394)

Recent Posts in "Goods and Services Tax"

3% Tax Rate benefit under MVAT Act cannot be given prior to 14.10.2017

Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court)

Deepak Fertilisers and Petrochemicals Corporation Ltd. Vs The State of Maharashtra (Bombay High Court) The only question that we have to consider is whether this concessional rate of duty could be availed of by the petitioner from 24.08.2017 to 13.10.2017. The intervening period where the taxable person under MGST Act does not continue to...

Read More

Understanding Part III of GSTR – 9C Reconciliation of Tax Paid

The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has provided the format of FORM GSTR – 9C. As per section 35 (5) of the Central Goods and Service Tax Act, 2017, read with rule 80 (3) of the Central Goods and Service Tax Rules, 2017, […]...

Read More

Deductions and Deposits of TDS by DDO under GST

The central government has issued the Circular No. 65/39/2018 regarding guidelines related to Deductions and Deposits of TDS by the DRAWING AND DISBURSING OFFICER (DDO) under GST. In these article we will see the detailed information about the circular....

Read More

Gujarat HC stays retrospective amendment in case of inverted duty refunds

Gujarat High Court on 18/09/2018 grants interim stay on the retrospective amendment in case of inverted duty refunds whereby refund on input services was denied by notification dated 13-06-2018 w.e.f. 01-07-2017. This is welcome news for persons consuming job work and other service for outward supplies of fabrics and other textile article...

Read More

TCS Rate on intra-State taxable supplies by e-commerce operator

Notification No. 52/2018 — Central Tax (20/09/2018)

CBIC notifies the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State taxable supplies vide Notification No. 52/2018 — Central Tax dated: 20th September, 2018 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification N...

Read More

Implications of TCS on E-Commerce Industry

E-Commerce industry had unique place in GST regime. TCS (Tax collected at source) provisions were incorporated into the GST act, however the provisions were not actively notified....

Read More

CBIC amends Table 43 of notification No. 9/2017 – Integrated Tax (Rate)

Notification No. 24/2018-Integrated Tax (Rate) [G.S.R. 907(E)] (20/09/2018)

Seeks to insert explanation in an entry in notification No. 9/2017 – Integrated Tax (Rate) by exercising powers conferred under section 6(3) of IGST Act, 2017. Government of India Ministry of Finance (Department of Revenue) Notification No. 24/2018-Integrated Tax (Rate) New Delhi, the 20th September, 2018 G.S.R. 907(E).- In exercise of ...

Read More

CBIC amends Table 41 of notification No. 12/2017– Central Tax (Rate)

Notification No. 23/2018- Central Tax (Rate) [G.S.R. 906(E)] (20/09/2018)

Seeks to insert explanation in an entry in notification No. 12/2017 – Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017. Government of India Ministry of Finance (Department of Revenue) Notification No. 23/2018- Central Tax (Rate) New Delhi, the 20th September, 2018 G.S.R. 906(E).- In exercise of the...

Read More

CBIC amends Table 41 of notification No. 12/2017– Union Territory Tax (Rate)

Notification No. 23/2018-Union Territory Tax (Rate) (20/09/2018)

 Seeks to insert explanation in an entry in notification No. 12/2017 – Union Territory Tax (Rate) by exercising powers conferred under section 8(3) of UTGST Act, 2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 23/2018-Union Territory Tax (Rate) New Delhi, the 20th September, 2018 G.S.R….. (E)...

Read More

IGST: TCS Rate on intra-State taxable supplies by e-commerce operator

Seeks to notify the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for inter-State taxable supplies Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 02/2018 — Integrated Tax New Delhi, the 20th September, 2018 G.S.R....

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.

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.

Featured Posts