Gist of GST Notifications and circulars issued on 18th October 2017

Notifications

Notification No. 47/2017–Central Tax Dated: 18/10/2017

For Deemed export supplies where recipient is availing the credit . In other cases the supplier has to file refund claim.

The cess column is inserted in certain statements in refund claim

Notification No. 48/2017–Central Tax Dated: 18/10/2017

Deemed exports under GST are

1.Supply of goods by a registered person against Advance Authorisation

2.Supply of capital goods by a registered person against Export Promotion Capital

3.Supply of goods by a registered person to Export Oriented Unit

4.Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance

Notification No. 49/2017–Central Tax Dated: 18/10/2017

A declaration that Refund is claimed as per GSTR2 and it is not more than the credit availed

Notification No. 39/2017-Central Tax (Rate) Dated: 18/10/2017, Notification No. 40/2017-Integrated Tax (Rate) Dated: 18/10/2017, Notification No. 39/2017-Union Territory Tax (Rate) Dated: 18/10/2017

Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.

Circulars

Circular No 9/9/2017- GST Dated: 18/10/2017

1.Empowering the jurisdiction officer to accept/reject application of Sales Tax Practitioner.

2.The Applicant is given option to choose either center or state officer

Circular No 10/10/2017- GST Dated: 18/10/2017

Clarification on supply of Goods sent on approval basis. An invoice can be issued to the receiver either within the same state or in the other state with the applicable rate of tax