CGST

Treatment of CGST and SGST paid in another State (Inter State Transaction)

Goods and Services Tax - Basic Understanding on CGST & SGST Paid in another State (Inter State Transaction without IGST) ♠ Very often a taxpayer can find himself in a situation where he is possession of Invoices for interstate purchases or interstate expenses incurred by him and he has paid CGST and SGST on such invoices of another state and […]...

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Treatment of wrong kind of tax payment viz, CGST and SGST /UTGST In lieu of IGST and vice versa

Goods and Services Tax - Treatment of wrong kind of tax payment viz, CGST and SGST /UTGST In lieu of IGST and vice versa. Introduction: ♣ It is possible to come across situations where a registered person has paid the wrong kind of tax viz, CGST and SGST / UTGST in lieu of IGST and vice versa. Therefore, such incorrect […]...

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Compulsory Payment of tax before filing of GSTR-3B – Inconsistent working of GST portal

Goods and Services Tax - Compulsory Payment of tax before filing of GSTR-3B-Inconsistent working of GST portal Section 146 of the CGST Act, 2017 provides that the Government may notify the common elecronic portal for facilitating the registration, payment of taxes, furnishing of  returns and carrying out other purposes under the said Act. In exercise of the powe...

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Changes in CGST Act wef 01.02.2019

Goods and Services Tax - The Central Goods and Services Tax (Amendment) Act, 2018 received assent of The President of India on August 29, 2018 but some of the provisions are made effective from 01.02.2019 vide vide various notifications. This Article discusses the major changes in GST wef 01.2.2019. I. Concept of Business Vertical deleted – GST allows multiple ...

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Amendment in Section 17(5) – ITC basket gets bigger!

Goods and Services Tax - The CGST Act, 2017 has been amended for the first time since the implementation of GST in India vide the CGST (Amendment) Act, 2018. Although the amendments were brought in the public domain in 2018, they have been made effective only from 1st February 2019....

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Updated Central Goods and Services Tax Rules, 2017 till 23.04.2019

Goods and Services Tax - This article have updated Central Goods and Services Tax Rules, 2017 which were initially released on 19th June 2017 and amended by various notifications issued from time to time. CGST Rules are updated with notifications issued till 23rd April 2019. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Title...

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CBIC issues 6 New Notifications / Circulars / Orders on 23.04.2019

Goods and Services Tax - On 23rd April 2019 CBIC issued 3 CGST Notifications, 2 Circulars and 1 Removal of Difficulty Order. CBIC added proviso to Rule 23, Amended Rule 62 to provide rule for payment and return filing by Specified Composition dealers, Inserted Form GST CMP – 08– Statement for payment of self-assessed tax, added a new instruction to [&hell...

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CBIC issues 23 New notification on 29.03.2019- GST on Real Estate

Goods and Services Tax - CBIC issues 23 notifications / Orders on 29th March 2019 which related to new rate of CGST in the real estate (residential unit). Notifications relates to Rate of Tax payable on Real Estate Sector Services and Goods, Applicability of Reverse Charge Mechanism on Real Estate Goods and Services and also  Applicability of Reverse Charge Mech...

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Notifications implementing decision of 32nd GST council meeting

Goods and Services Tax - Following notifications were issued by CBIC on 7th March 2019 to implement decision of 32nd GST council meeting.  It increases threshold for Composition scheme from 1 cr to 1.5 Cr. w.e.f. 01. Apr.19, Notifies due date for GSTR-3B for Apr’19-Jun’19, Notifying due date for GSTR-1 for Apr’19-Jun’19, Increase in limit...

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CBIC issues 9 notification / Circulars on 07th March 2019

Goods and Services Tax - CBIC issues 9 notification/ Circulars on 07th March 2019 to give effect to Latest GST Council meeting decisions with effect from 01.04.2019 which includes increase in GST Composition Limit, Increase in GST Registration Limit, Due of GSTe 1 and GSTR 3B etc. S. No. Title Notification No. Date 1 GST Composition Scheme limit enhanced to [&hel...

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Reasonable opportunity to rectify Tran-2 should be allowed

Optival Health Solutions Pvt Ltd Vs UOI (Calcutta High Court) - Optival Health Solutions Pvt Ltd Vs UOI (Calcutta High Court) Petitioners have sought a direction upon the respondents to allow them to revise/rectify their Form GST TRAN-2 electronically or manually – Petitioners contend that the present scheme of things does not allow rectification or revision o...

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Provisional attachment not sustainable if dealer is not a fly by night operator

Patran Steel Rolling Mill Vs Assistant Commissioner of State Tax (Gujarat High Court) - If the dealer is a fly by night operator or a habitual offender or does not have sufficient means to pay the dues that may arise upon assessment, such action may be justified. Such drastic powers under section 83 of the Act should not be exercised as a matter of course, but only after due applicatio...

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Maruti Case: No reduction in GST Rate- Section 171 not attracted

Kerala State Screening Committee on Anti-profiteering Vs M/s. Maruti Suzuki India Ltd (National Anti-Profiteering Authority) - M/s Maruti Suzuki India Ltd. Vs Director General Anti-Profiteering Central Board of Indirect Tax (National Anti-Profiteering Authority) We have carefully considered the DGAP’s Report and the documents placed on record to examine whether there was any reduction in the rate of tax during the imp...

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GST Bogus Bill Scam: Session Court Cancels Bail of accused in 200 Crore Bill Scam

Commissioner of Central Tax, GST Delhi (West) Vs Rajesh Jindal (Patiala House Court) - Commissioner of Central Tax, GST Delhi (West) Vs Rajesh Jindal (CGST Delhi) As already noted, not only there are serious allegations against the accused/ respondent of his having made fictitious sales of value of more than Rs. 200 crores and having consequently caused loss to the government of the ...

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KKC not eligible for Input Tax Credit under GST- AAAR, Maharashtra

In re Kansai Nerolac Paints Limited (GST AAAR Maharashtra) - Accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service tax return of Input Service Distributor (ISD) on June 30, 2017 which is carried forward in the electronic credit ledger maintained by the Appellant under CGST Act 2017, shall not be allowed to be taken as admissible inp...

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Opportunity to apply for revocation of cancellation of GST registration

Circular No. 99/18/2019-GST - (23/04/2019) - Seeks to clarify the extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of GST registration on or before the 22nd July, 2019 for the specified class of persons for whom cancellation order has been passed up to 31...

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CBIC clarifies manner of utilization of GST input tax credit

Circular No. 98/17/2019-GST - (23/04/2019) - CBIC clarifies the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules vide Circular No. 98/17/2019-GST dated 23rd April 2019. Clarification in respect of utilization of ITC under GST Clarification on Section 49A and Section 49B inserted w.e.f 1st February, 201...

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Time limit for revocation of cancellation of GST registration extended

Order No. 5/2019-GST [S.O. 1626(E)] - (23/04/2019) - CBIC extends the time limit for filing an application for revocation of cancellation of registration for specified taxpayers vide Central Goods and Services Tax (Fifth Removal of Difficulties) Order, 2019. Refer  Order No. 5/2019-GST dated 23rd April, 2019. CGST (Fifth Removal of Difficulties) Orde...

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Restriction on furnishing of info in PART A of GST EWB-01 WEF 21.06.2019

Notification No. 22/2019–Central Tax [G.S.R. 323(E)] - (23/04/2019) - Effective date of implementation of Rule 138E of CGST Rules, 2017 Seeks to notify the provisions of rule 138E of the CGST Rules w.e.f 21st June, 2019 vide Notification No. 22/2019 – Central Tax Dated 23rd April, 2019. Rule 138E prescribes Restriction on furnishing of information in PART A of FORM ...

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Tax payment & GST Return Filing by 6% Composition Scheme dealers

Notification No. 21/2019–Central Tax [G.S.R. 322(E)] - (23/04/2019) - Seeks to notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019 i.e. for dealers who opted 6% Composition Scheme vide Notification No. 21/2019 – Central Tax Dated 23rd Ap...

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Recent Posts in "CGST"

Treatment of CGST and SGST paid in another State (Inter State Transaction)

Basic Understanding on CGST & SGST Paid in another State (Inter State Transaction without IGST) ♠ Very often a taxpayer can find himself in a situation where he is possession of Invoices for interstate purchases or interstate expenses incurred by him and he has paid CGST and SGST on such invoices of another state and […]...

Read More

Treatment of wrong kind of tax payment viz, CGST and SGST /UTGST In lieu of IGST and vice versa

Treatment of wrong kind of tax payment viz, CGST and SGST /UTGST In lieu of IGST and vice versa. Introduction: ♣ It is possible to come across situations where a registered person has paid the wrong kind of tax viz, CGST and SGST / UTGST in lieu of IGST and vice versa. Therefore, such incorrect […]...

Read More

Compulsory Payment of tax before filing of GSTR-3B – Inconsistent working of GST portal

Compulsory Payment of tax before filing of GSTR-3B-Inconsistent working of GST portal Section 146 of the CGST Act, 2017 provides that the Government may notify the common elecronic portal for facilitating the registration, payment of taxes, furnishing of  returns and carrying out other purposes under the said Act. In exercise of the powe...

Read More

Updated Central Goods and Services Tax Rules, 2017 till 23.04.2019

This article have updated Central Goods and Services Tax Rules, 2017 which were initially released on 19th June 2017 and amended by various notifications issued from time to time. CGST Rules are updated with notifications issued till 23rd April 2019. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Title...

Read More

CBIC issues 6 New Notifications / Circulars / Orders on 23.04.2019

On 23rd April 2019 CBIC issued 3 CGST Notifications, 2 Circulars and 1 Removal of Difficulty Order. CBIC added proviso to Rule 23, Amended Rule 62 to provide rule for payment and return filing by Specified Composition dealers, Inserted Form GST CMP – 08– Statement for payment of self-assessed tax, added a new instruction to [&hell...

Read More

Opportunity to apply for revocation of cancellation of GST registration

Circular No. 99/18/2019-GST (23/04/2019)

Seeks to clarify the extension in time under sub-section (1) of section 30 of the Act to provide a one time opportunity to apply for revocation of cancellation of GST registration on or before the 22nd July, 2019 for the specified class of persons for whom cancellation order has been passed up to 31st March, […]...

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CBIC clarifies manner of utilization of GST input tax credit

Circular No. 98/17/2019-GST (23/04/2019)

CBIC clarifies the manner of utilization of input tax credit post insertion of the rule 88A of the CGST Rules vide Circular No. 98/17/2019-GST dated 23rd April 2019. Clarification in respect of utilization of ITC under GST Clarification on Section 49A and Section 49B inserted w.e.f 1st February, 2019 and Rule 88A of CGST Rules, […]...

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Time limit for revocation of cancellation of GST registration extended

Order No. 5/2019-GST [S.O. 1626(E)] (23/04/2019)

CBIC extends the time limit for filing an application for revocation of cancellation of registration for specified taxpayers vide Central Goods and Services Tax (Fifth Removal of Difficulties) Order, 2019. Refer  Order No. 5/2019-GST dated 23rd April, 2019. CGST (Fifth Removal of Difficulties) Order, 2019 dated 23rdApril, 2019 Registrati...

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Restriction on furnishing of info in PART A of GST EWB-01 WEF 21.06.2019

Notification No. 22/2019–Central Tax [G.S.R. 323(E)] (23/04/2019)

Effective date of implementation of Rule 138E of CGST Rules, 2017 Seeks to notify the provisions of rule 138E of the CGST Rules w.e.f 21st June, 2019 vide Notification No. 22/2019 – Central Tax Dated 23rd April, 2019. Rule 138E prescribes Restriction on furnishing of information in PART A of FORM GST EWB-01 in certain […]...

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Tax payment & GST Return Filing by 6% Composition Scheme dealers

Notification No. 21/2019–Central Tax [G.S.R. 322(E)] (23/04/2019)

Seeks to notify procedure for quarterly tax payment and annual filing of return for taxpayers availing the benefit of Notification No. 02/2019– Central Tax (Rate), dated the 7th March, 2019 i.e. for dealers who opted 6% Composition Scheme vide Notification No. 21/2019 – Central Tax Dated 23rd April, 2019. Special Procedure for Return ...

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