CGST

Reverse Charge u/s 9(4) of CGST act applicability extended !

Goods and Services Tax - The awaited applicability of section 9(4) of CGST Act, section 5(4) of IGST Act & Section 7(4) of UTGST Act which was exempted earlier till 30.06.2018 has been now further extended again via  notification  given below till 30.09.2018. The exemption contained in this notification shall apply to all registered persons till the 30th da...

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Sequence to Set off Input tax credit in GST

Goods and Services Tax - If we have IGST credit available with us then first of all we will have to set off IGST payable from this IGST credit and even after that If we have enough of IGST credit left then this IGST credit first will be used to set off CGST liability and if again we have some IGST credit left with us then set off SGST liability from it....

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E-way Bill for Import Transactions

Goods and Services Tax - e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. ...

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Way Ahead to Transitional Credit under GST

Goods and Services Tax - CGST/SGST/UGST Act have detailed provisions regarding the Transitional Credit available to the dealer to ease the Transition to GST. Sec. 139 to Sec. 142 of CGST Act along with Rule 117 to 121 of CGST rules have detailed provisions regarding transition...

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Reversal of ITC attributable exempt supplies under Rule 42/43 of the CGST Rules, 2017-Simplified

Goods and Services Tax - Sec 17(2) of the CGST Act, 2017 provides that where the goods or services are used partly for effecting taxable supplies (including zero rated) and partly for exempt/ non-business use then the amount of credit as attributable to exempt supplies or non-business use shall be reversed as per Rule 42/43 of the CGST Rules, 2017....

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Updated Central Goods and Services Tax Rules, 2017 till 13.06.2018

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 13th June 2018. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Titl...

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CBEC issues 28 GST Tax Rate Notifications on 25.01.2018

Goods and Services Tax - CBEC has issued  9 UTGST Tax Rate Notification, 10 Integrated Tax (Rate) Notification and 9 Central Tax (Rate) Notifications which in total amount to 27 Notifications to give effect to Changes in GST Rate and its related Provisions as recommended by 25th GST Council Meeting on 18.01.2018. List of Such notifications is as follows :- [&hel...

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CBEC issues 9 New Notifications and 4 New Press Release

Goods and Services Tax - CBEC has issued four Press Release on 22.01.2018 clarifying the Following- GST exemption on ticket price up to Rs. 500 of circus, dance, award etc. wef 25.01.2018 Changes in GST on Housing Sector WEF 25.01.2018 GST on services provided by Resident Welfare Associations wef 25.01.2018 Amendment in GST rate on admission to amusement parks et...

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Budgetary support for cash component of CGST and IGST for eligible industrial units

Goods and Services Tax - Scheme of budgetary support for cash component of CGST and IGST for eligible industrial units for residual period in States of North Eastern region and Himalayan states ...

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CBEC issues 9 new Notifications/ Circulars / Order on 21st Dec 2017

Goods and Services Tax - CBEC issues on 21.12.2017, 4 New Notifications , 4 new Circulars and one Order. Notification and orders are related to extension of due date of FORM GST CMP-03, Form GSTR-1, Form GST RFD-01, Form GST RFD-01A, Form GSTR-5A,  Form GSTR-5 and Form GST ITC-01 to 31.01.2018. Circulars are issued for clarification on 1. Manual filing […...

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No Anti Profiteering due to charging of GST on Installation of Lift : NAA

M/S Abel Space Solutions LLP Vs  M/S Schindler India Private Limited Case No. 4/2018 - The present report dated 16.04.2018, has been received from the Director General of Safeguards (DGSG) after detailed investigation under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017. The brief facts of the case are that an application dated 20.09.2017 was filed by above applic...

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GST regime is not tax friendly & GST Website must provide easy access to Taxpayer: Bombay HC

Abicor and Binzel Technoweld Pvt. Ltd. V/s Union of India and Anr. (Bombay High Court) - A tax like Goods and Services Tax was highly publicised and termed as popular. We had yet not seen a celebration of New Tax regime, but that has followed with great hue and cry. These celebrations mean nothing. The special sessions of Parliament or special or extraordinary meetings of Council would ...

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E-Way Bill Provisions takes care of Interest of Revenue: HC

K.K.Ramesh Vs. The Union of India (Madras High Court) - K.K.Ramesh Vs. Union of India (Madras High Court) By consent, the Writ Petition itself is taken up for final disposal. 2. The petitioner seems to have been aggrieved by the improper implementation of Integrated Goods and Services Tax Act and the Central Goods and Services Tax Act, which were passed ...

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GST on legal services lacks clarity and creating doubts: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - In this case Delhi High Court held that as of date there is no clarity on whether all legal services (not restricted to representational services) provided by legal practitioners and firms would be governed by the reverse charge mechanism. ...

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Directorate General of Safeguards re-named as Directorate General of Anti-profiteering

Notification No. 29/2018–Central Tax - (06/07/2018) - CBIC amends Rule 125, 129, 130,131 and 132 and renamed ‘Directorate General of Safeguards’ as ‘Directorate General of Anti-profiteering’ under Central Goods and Services Tax Rules, 2017 vide Notification No. 29/2018–Central Tax dated 6th July, 2018....

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Reverse charge deferred for procurement from unregistered dealer’s till 30.09.2018

Notification No. 12/2018–Central Tax (Rate) - (29/06/2018) - G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the fol...

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FORM GST ENR-02 for Multi State Transporters to apply unique common enrolment number

Notification No. 28/2018-Central Tax - (19/06/2018) - CGST Rules138C/ 142 and insert Rule 58(1A)/ new Form GST ENR-2 Relating to Application for obtaining unique common enrollment number (Only for transporters registered in more than one State or Union Territory having the same PAN)...

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GST: Goods which may be disposed off by proper officer after its seizure

Notification No. 27/2018–Central Tax - (13/06/2018) - Goods which may be disposed of by the proper officer, having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant considerations of the said goods....

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Central Goods and Services Tax (Fifth Amendment) Rules, 2018

Notification No. 26/2018–Central Tax - (13/06/2018) - (1) These rules may be called the Central Goods and Services Tax (Fifth Amendment) Rules, 2018. (2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette....

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Recent Posts in "CGST"

Directorate General of Safeguards re-named as Directorate General of Anti-profiteering

Notification No. 29/2018–Central Tax (06/07/2018)

CBIC amends Rule 125, 129, 130,131 and 132 and renamed ‘Directorate General of Safeguards’ as ‘Directorate General of Anti-profiteering’ under Central Goods and Services Tax Rules, 2017 vide Notification No. 29/2018–Central Tax dated 6th July, 2018....

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Reverse Charge u/s 9(4) of CGST act applicability extended !

The awaited applicability of section 9(4) of CGST Act, section 5(4) of IGST Act & Section 7(4) of UTGST Act which was exempted earlier till 30.06.2018 has been now further extended again via  notification  given below till 30.09.2018. The exemption contained in this notification shall apply to all registered persons till the 30th da...

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Reverse charge deferred for procurement from unregistered dealer’s till 30.09.2018

Notification No. 12/2018–Central Tax (Rate) (29/06/2018)

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendment in the notifica...

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FORM GST ENR-02 for Multi State Transporters to apply unique common enrolment number

Notification No. 28/2018-Central Tax (19/06/2018)

CGST Rules138C/ 142 and insert Rule 58(1A)/ new Form GST ENR-2 Relating to Application for obtaining unique common enrollment number (Only for transporters registered in more than one State or Union Territory having the same PAN)...

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Updated Central Goods and Services Tax Rules, 2017 till 13.06.2018

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 13th June 2018. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Titl...

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GST: Goods which may be disposed off by proper officer after its seizure

Notification No. 27/2018–Central Tax (13/06/2018)

Goods which may be disposed of by the proper officer, having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant considerations of the said goods....

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Central Goods and Services Tax (Fifth Amendment) Rules, 2018

Notification No. 26/2018–Central Tax (13/06/2018)

(1) These rules may be called the Central Goods and Services Tax (Fifth Amendment) Rules, 2018. (2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette....

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GST on moulds & dies, Car servicing, Tea/coffee/rubber auction & E-way Bill Requirements

Circular No. 47/21/2018-GST (08/06/2018)

Whether moulds and dies owned by Original Equipment Manufacturers (OEM) that are sent free of cost (FOC) to a component manufacturer is leviable to tax and whether OEMs are required to reverse input tax credit in this case?...

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No Anti Profiteering due to charging of GST on Installation of Lift : NAA

M/S Abel Space Solutions LLP Vs  M/S Schindler India Private Limited Case No. 4/2018

The present report dated 16.04.2018, has been received from the Director General of Safeguards (DGSG) after detailed investigation under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017. The brief facts of the case are that an application dated 20.09.2017 was filed by above applicant before the Standing Committee, const...

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Clarifications on 5 Main issues related to GST refund

F. No. CBEC/20/16/4/2018-GST (30/05/2018)

CBIC has issued a Circular No. 45/19/2018-GST dated 30th May 2018 to clarify on following 5 GST refund related issues- 1. Claim for refund filed by an Input Service Distributor, a person paying tax under section 10 or a non-resident taxable person: 2. Application for refund of integrated tax paid on export of services and […]...

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