CGST

TDS / TCS Provision under GST effective from 1st October 2018

Goods and Services Tax - Central Government vide notification No.50-Central Tax-Dated 13-09-2018 & notification No.51-Central Tax-Dated 13-09-2018 has appointed 1st day of October 2018 as the date on which the provision of Sec 51 (TDS) & Sec 52 (TCS) shall come into force. 1. Who is required to Deduct TDS under GST Section 51 of the CGST Act, 2017 has [&h...

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Analysis of GST Notifications dated 13.09.2018 related to TDS, TCS and Form 9C

Goods and Services Tax - The Central Government has issued the various Notifications on 13.09.2018 related to the Provisions of TDS, TCS and Form-9C. In this article we will see the detailed analysis of the Notification and we will also discuss about Search by PAN” option under “Search Taxpayer” Tab in pre login mode. 1. The Central Government has notified ...

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“Here I Come” — TDS Provisions under GST (01.10.2018)

Goods and Services Tax - The Central Government hereby, vide notification no. 50/2018 and 51/2018 — Central Tax, appoints the 1st day of October, 2018, as the date on which the provisions of section 51 and 52 of CGST Act (Provisions related to TDS and TCS) Shall come into force with respect to persons specified under respective sections. Tax Deducted […]...

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Benefit of reduction in GST rate has to be passed on to customers: NAA

Goods and Services Tax - National Anti-Profiteering Authority in their recent judgement in case No.6/2018 dated 07/09/2018 in case of Shri Pawan Sharma Vs. M/s Sharma Trading Company, found that an assessee had involved in profiteering in contravention of the provisions of Section 171 of the CGST Act, 2017....

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Analysis of GST Notifications dated 13-09-2018

Goods and Services Tax - TDS and TCS provisions have been introduced in GST vide notifications issued on 13-09-2018. Further reconciliation statement GSTR-9C has been introduced for registered persons having annual turnover more than 2 crore. This article attempts to analyse the notifications issued on these subjects...

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Updated Central Goods and Services Tax Rules, 2017 till 30.10.2018

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 30th October 2018. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Tit...

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Govt. introduces 4 GST Amendment bills in Lok Sabha

Goods and Services Tax - Govt. introduces in Lok Sabha today Central Goods and Services Tax (Amendment) Act, 2018, Integrated Goods and Services Tax (Amendment) Act, 2018 , Union Territory Goods and Services Tax (Amendment) Act, 2018 and Goods and Services Tax (Compensation to States) Amendment Act, 2018. Bills are likely to get passed in this session of Parliame...

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CBIC issues 28 Notification Related to GST Rates on Goods & Services

Goods and Services Tax - CBIC issues 28 Notification Related to GST Rates on Goods & Services on 26th July 2018 which are effective from 27th July 2018. Notifications include Notification No. 2/2018-Compensation Cess (Rate), Notification No. 13 to 21/2018-Central Tax (Rate), Notification No. 14 to 22/2018-Integrated Tax (Rate) and Notification No. 13 to 21/20...

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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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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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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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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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Scope of principal & agent relationship in context of del-credere agent

Circular No. 73/47/2018-GST - (05/11/2018) - Concerns have been expressed regarding the valuation of supplies from Principal to recipient where the payment for such supply is being discharged by the recipient through the loan provided by DCA or by the DCA himself. Issues arising out of such loan arrangement have been examined and the clarifica...

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Rules, Pattern and Syllabus for GST Practitioners (GSTP) Examination

Notification No. 60/2018-Central Tax - (30/10/2018) - Examination of Goods and Services Tax Practitioners.- (1) Every person referred to in clause (b) of sub-rule (1) of rule 83 and who is enrolled as a goods and services tax practitioner under sub-rule (2) of the said rule, shall pass an examination as per sub-rule (3) of the said rule....

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Procedure in respect of GST return of time expired drugs or medicines

Circular No. 72/46/2018-GST - (26/10/2018) - CBIC issues clarification on the procedure to be followed in respect of return of time expired drugs or medicines under the GST laws vide Circular No. 72/46/2018-GST Dated 26th October, 2018....

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Casual taxable person registration & recovery of excess ITC distributed by ISD

Circular No. 71/45/2018-GST - (26/10/2018) - Clarification on issues pertaining to registration as a casual taxable person & recovery of excess Input Tax Credit (ITC) distributed by an Input Service distributor (ISD). Clarifications of issues under GST related to casual taxable person & ISD Whether the amount required to be deposited ...

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Recent Posts in "CGST"

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 provisions of section 52 of the Central Goods an...

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Scope of principal & agent relationship in context of del-credere agent

Circular No. 73/47/2018-GST (05/11/2018)

Concerns have been expressed regarding the valuation of supplies from Principal to recipient where the payment for such supply is being discharged by the recipient through the loan provided by DCA or by the DCA himself. Issues arising out of such loan arrangement have been examined and the clarifications on the same are as below:...

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Updated Central Goods and Services Tax Rules, 2017 till 30.10.2018

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 30th October 2018. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date Tit...

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Rules, Pattern and Syllabus for GST Practitioners (GSTP) Examination

Notification No. 60/2018-Central Tax (30/10/2018)

Examination of Goods and Services Tax Practitioners.- (1) Every person referred to in clause (b) of sub-rule (1) of rule 83 and who is enrolled as a goods and services tax practitioner under sub-rule (2) of the said rule, shall pass an examination as per sub-rule (3) of the said rule....

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Procedure in respect of GST return of time expired drugs or medicines

Circular No. 72/46/2018-GST (26/10/2018)

CBIC issues clarification on the procedure to be followed in respect of return of time expired drugs or medicines under the GST laws vide Circular No. 72/46/2018-GST Dated 26th October, 2018....

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Casual taxable person registration & recovery of excess ITC distributed by ISD

Circular No. 71/45/2018-GST (26/10/2018)

Clarification on issues pertaining to registration as a casual taxable person & recovery of excess Input Tax Credit (ITC) distributed by an Input Service distributor (ISD). Clarifications of issues under GST related to casual taxable person & ISD Whether the amount required to be deposited as advance tax while taking registration...

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GST Refund: Deficiency memo & Receipt of capital goods under EPCG

Circular No. 70/44/2018 -GST (26/10/2018)

Clarification on Status of GST refund claim after issuance of deficiency memo and re-credit of electronic credit ledger and Allowing exporters who have received capital goods under EPCG to claim refund of IGST paid on exports vide Circular No. 70/44/2018 -GST dated-26th October, 2018. Status of refund claim after issuance of deficiency me...

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Processing of Applications for Cancellation of GST Registration submitted in FORM GST REG-16

Circular No. 69/43/2018-GST (26/10/2018)

Circular No. 69/43/2018-GST on Standard Operating Procedure for Processing of Applications for Cancellation of Registration submitted in FORM GST REG-16. Cancellation of registration Circular No. 69-Central Tax issued clarifying a few issues Section 29 of the CGST Act, read with rule 20 of the CGST Rules provides that a taxpayer can apply...

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CBIC exempt authorities under MoD from TDS compliance

Notification No. 57/2018–Central Tax [G.S.R. 1057(E)] (23/10/2018)

CBIC exempts from GST TDS Provisions authorities under the Ministry of Defence, other than the authorities specified in the Annexure-A and their offices, with effect from the 1st day of October, 2018 vide Notification No. 57/2018 – Central Tax Dated 23rd October, 2018. Exemption to post audit authorities under MoD from TDS compliance-...

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Reg. GST Registration exemption if handicraft goods are supplied

Notification No. 56/2018-Central Tax [G.S.R 1056(E)] (23/10/2018)

CBIC hereby specifies the categories of casual taxable persons who shall be exempted from obtaining registration under Central Goods and Services Tax Act, 2017 vide Notification No. 56/2018 – Central Tax Dated 23rd October, 2018. Exemption from compulsory registration to inter-state suppliers of handicraft goods Notification specifie...

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