CGST

New Utilization of Input Tax Credit Rules Effective from 1st April, 2019

Goods and Services Tax - The input tax credit utilization rule has undergone a huge roller coaster ride since introduction of the Goods and Service Tax Law. Every registered taxpayer dealing with the GST would be much concerned about the input tax credit utilization rules since it directly affects its finance and working capital at a large. Stage-wise provisions ...

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Proposed Amendment in CGST Act, 2017 and IGST Act, 2017

Goods and Services Tax - Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified. Amendments carried out in the Finance Bill, 2019 will come into effect from the date when the same will be notified, concurrently with the corresponding amendments to the Acts passed earlier by the [&hel...

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Key highlights of CGST (Fourth Amendment) Rules, 2019

Goods and Services Tax - Key highlights of Central Goods and Service Tax (Fourth Amendment) Rules, 2019 The Central Board of Indirect Taxes and Customs notified the Central Goods and Service Tax (Fourth Amendment) Rules, 2019, vide its notification no. 31/2019–Central Tax dated 28th June 2019. The present articles summarize the key highlights of the newly noti...

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GST annual figures for 2018-19 to be reported in Cost Records/ Cost Audit Annexures/ Reports

Goods and Services Tax - As per section 148 of the Companies Act 2013, the specific companies are required to maintain the cost records (having turnover exceeding Rupees Thirty-Five Crores*) and/or are supposed file Cost Audit Reports (for companies having turnover exceeding Fifty/Hundred Crores*) with Ministry of Corporate Affairs....

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Recent CBIC Notifications, Circulars & Orders dated 28th June, 2019

Goods and Services Tax - GST Updates – Recent Notifications, Circulars and Orders Issued by CBIC – 28th June, 2019 1. In order to give effect to the decisions taken during 35th GST Council Meeting, the Central Board of Indirect Taxes and Customs (‘CBIC’) has issued various notifications and orders. In addition to the same, it has issued clarification thro...

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CBIC issues 9 GST Circulars on 11th October 2019

Goods and Services Tax - CBIC issues 9 GST Circulars on 11th October 2019 i.e. Circular No. 113/32/2019-GST to Circular No. 121/40/2019-GST. Vide these Circulars CBIC has clarified various issues related to GST which includes Clarification regarding GST rates & classification of Goods , Scope of support services to exploration, mining or drilling of petroleum...

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CBIC issues 43 notifications on 30th September 2019

Goods and Services Tax - CBIC issues 43 notifications on 30th September 2019 to give effect to Recommendations made by GST Council in its 37th Meeting. Most of the changes are effective from 1st October 2019 and includes changes in Custom Law, CGST, IGST and UTGST Law. Changes includes changes in Rates on certain Products and Services, Applicability of Reverse [&...

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Updated Central Goods and Services Tax Rules, 2017 upto 18.07.2019

Goods and Services Tax - This article have updated Central Goods and Services Tax Rules, 2017 / CGST 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 18th July 2019. Details of Initial and Subsequent Notifications :- S. No. Notification...

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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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Power to arrest under CGST act must be exercised with care: Gujarat HC

Vimal Yashwantgiri Goswami Vs. State of Gujarat (Gujarat High Court) - The powers of arrest under Section 69 of the Act, 2017 are to be exercised with lot of care and circumspection. Prosecution should normally be launched only after the adjudication is completed....

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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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GST on license fee charged by States for grant of Liquor licences

Circular No. 121/40/2019-GST - (11/10/2019) - Circular No. 121/40/2019-GST- CBIC clarifies that service by way of grant of alcoholic liquor licence, against consideration in the form of licence fee or application fee or by whatever name it is called, by State Government is neither a supply of goods nor a supply of service. this special dispensa...

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Effective date of explanation inserted in notification No. 11/2017- CTR

Circular No. 120/39/2019-GST - (11/10/2019) - CBIC Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) vide Circular No. 120/39/2019- GST Dated: 11th October 2019....

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GST on supply of securities under Securities Lending Scheme, 1997

Circular No. 119/38/2019-GST - (11/10/2019) - CBIC clarification on whether supply of securities under Securities Lending Scheme, 1997 by the lender is taxable under GST vide Circular No. 119/38/2019-GST Dated: 11th October 2019....

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Place of supply of software/design services related to ESDM industry

Circular No. 118/37/2019-GST - (11/10/2019) - CBIC clarification on determination of place of supply in case of supply of software/design services by a supplier located in taxable territory to a service recipient located in non­taxable territory by using the sample hardware kits provided by the service recipient vide Circular No. 118/37/2019-G...

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GST exemption to DG Shipping approved maritime courses

Circular No. 117/36/2019-GST - (11/10/2019) - CBIC clarifies on applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training Institutes of India vide Circular No. 117/36/2019-GST dated 11th October, 2019....

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Recent Posts in "CGST"

CBIC issues 9 GST Circulars on 11th October 2019

CBIC issues 9 GST Circulars on 11th October 2019 i.e. Circular No. 113/32/2019-GST to Circular No. 121/40/2019-GST. Vide these Circulars CBIC has clarified various issues related to GST which includes Clarification regarding GST rates & classification of Goods , Scope of support services to exploration, mining or drilling of petroleum...

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GST on license fee charged by States for grant of Liquor licences

Circular No. 121/40/2019-GST (11/10/2019)

Circular No. 121/40/2019-GST- CBIC clarifies that service by way of grant of alcoholic liquor licence, against consideration in the form of licence fee or application fee or by whatever name it is called, by State Government is neither a supply of goods nor a supply of service. this special dispensation applies only to supply of […...

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Effective date of explanation inserted in notification No. 11/2017- CTR

Circular No. 120/39/2019-GST (11/10/2019)

CBIC Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) vide Circular No. 120/39/2019- GST Dated: 11th October 2019....

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GST on supply of securities under Securities Lending Scheme, 1997

Circular No. 119/38/2019-GST (11/10/2019)

CBIC clarification on whether supply of securities under Securities Lending Scheme, 1997 by the lender is taxable under GST vide Circular No. 119/38/2019-GST Dated: 11th October 2019....

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Place of supply of software/design services related to ESDM industry

Circular No. 118/37/2019-GST (11/10/2019)

CBIC clarification on determination of place of supply in case of supply of software/design services by a supplier located in taxable territory to a service recipient located in non­taxable territory by using the sample hardware kits provided by the service recipient vide Circular No. 118/37/2019-GST Dated: 11th October 2019....

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GST exemption to DG Shipping approved maritime courses

Circular No. 117/36/2019-GST (11/10/2019)

CBIC clarifies on applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training Institutes of India vide Circular No. 117/36/2019-GST dated 11th October, 2019....

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GST on service of display of name or placing of name plates of donor

Circular No. 116/35/2019-GST (11/10/2019)

CBIC clarifies on Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts from individual donors vide Circular No. 116/35/2019-GST Dated: 11th October, 2019. Circular No. 116/35/2019-GST F.No. 354/136/2019-TRU Government of India Ministry ...

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Clarification on issue of GST on Airport levies

Circular No. 115/34/2019-GST (11/10/2019)

Various representations have been received seeking clarification on issues relating to GST on airport levies and to clarify that airport levies do not form part of the value of services provided by the airlines and consequently no GST should be charged by airlines on airport levies. CBIC clarifies the issues vide below Circular No. 115/34...

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GST: Scope of support services to exploration, mining or drilling of petroleum crude or natural gas or both

Circular No. 114/33/2019-GST (11/10/2019)

CBIC clarifies on the scope of the entry ‘services of exploration, mining or drilling of petroleum crude or natural gas or both’ at Sr. No. 24 (ii) of heading 9986 in Notification No. 11/2017- Central Tax (Rate) dated 28.06.2017 vide Circular No. 114/33/2019-GST Dated: 11th October 2019. Circular No. 114/33/2019-GST F.No. 354/...

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Clarification regarding GST rates & classification of Goods on 7 items

Circular No. 113/32/2019-GST (11/10/2019)

CBIC clarifies in in respect of applicable GST rates on the following items: (i) Classification of leguminous vegetables such as grams when subjected to mild heat treatment (ii) Almond Milk (iii) Applicable GST rate on Mechanical Sprayer (iv) Taxability of imported stores by the Indian Navy (v) Taxability of goods imported under lease. (v...

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