CGST

GST on Restaurants- All you needs to know

Goods and Services Tax - In this article we are going to see the changes in GST tax rates of Restaurants and impact of the same on our food bills i.e., moreover on our Stomachs. The GST Council in its 23rd Meeting held at Guwahati on 10th of November,2017 recommended key changes in Tax rates and one of the most important one is cutoff in tax rates on Restaurants...

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Input Service Distributor under GST

Goods and Services Tax - All the businesses are required to register under GST for its all branches from where the taxable supply is being made. The concept of GST input service distributor is relevant for businesses having GST registration and operating with more than one branch within India. ISD Will be applicable only for the entities having multiple branches...

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Composition Scheme Under GST- An Analysis

Goods and Services Tax - To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme....

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Updated GST on Goods Rate Rate Chart Updated till 15.11.2017

Goods and Services Tax - Updated scheduled CGST rates on goods, as on 15.11.2017 For ease of reference only The CGST rates on certain goods have undergone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. A need has been felt to publish a consolidated rate schedule in a […]...

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FAQs on ethical issues relating to GST

Goods and Services Tax - Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 19...

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Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Goods and Services Tax - Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

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Updated Central Goods and Services Tax Rules, 2017 till 15.11.2017

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 15th November 2017. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date ...

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Cabinet approves CGST and IGST (Amendment) Bill, 2017

Goods and Services Tax - The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2017. ...

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Standardized PPT on CGST, IGST & Compensation to States Act, 2017

Goods and Services Tax - Goods & Services Tax (GST) has been implemented w.e.f 1st July 2017. In order to keep the members and other stakeholders abreast Indirect Taxes Committee of ICAI has already released publications namely BGM on GST Acts & Rules, 2017, FAQs & MCQs on GST, Bare Law on GST Acts & Rules etc. To contribute further, […]...

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Postponement of provision related to TDS & TCS of CGST / SGST Act 2017

Goods and Services Tax - With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act 2017, the following has been decided :-...

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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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Procedure for Manual filing & processing of GST refund claims

Circular No. 17/17/2017 - GST - (15/11/2017) - Due to the non-availability of the refund module on the common portal, it has been decided by the competent authority, on the recommendations of the Council, that the application/document/forms pertaining to refund claims on amount of zero-rated supplies shall be filed and processed manually till fu...

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CBEC exempt from payment of tax on advances received in case of supply of goods

Notification No. 66/2017-Central Tax - (15/11/2017) - CG notifies the registered person who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including...

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Seeks to exempt suppliers of services through an e-commerce platform from obtaining compulsory registration

Notification No. 65/2017-Central Tax - (15/11/2017) - An electronic commerce operator who is required to collect tax at source under section 52 of the said Act, and having an aggregate turnover, to be computed on all India basis, not exceeding an amount of twenty lakh rupees in a financial year, as the category of persons exempted from obtaining regist...

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CBEC notifies revised late fee payable for delayed filing of return in FORM GSTR-3B

Notification No. 64/2017-Central Tax - (15/11/2017) - Seeks to limit the maximum late fee payable for delayed filing of return in FORM GSTR-3B from October, 2017 on wards vide Notification No. 64/2017 – Central Tax...

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CBEC extends due date to file FORM GST-ITC-04 to 31.12.2017

Notification No. 63/2017-Central Tax - (15/11/2017) - Seeks to extend the due date for submission of details in FORM GST-ITC-04 vide Notification No. 63/2017 – Central Tax. In the said notification, for the words, figures and letters the 30th day of November, 2017, the words, figures and letters the 31st day of December, 2017 shall be substituted....

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Recent Posts in "CGST"

GST on Restaurants- All you needs to know

In this article we are going to see the changes in GST tax rates of Restaurants and impact of the same on our food bills i.e., moreover on our Stomachs. The GST Council in its 23rd Meeting held at Guwahati on 10th of November,2017 recommended key changes in Tax rates and one of the most important one is cutoff in tax rates on Restaurants...

Read More

Input Service Distributor under GST

All the businesses are required to register under GST for its all branches from where the taxable supply is being made. The concept of GST input service distributor is relevant for businesses having GST registration and operating with more than one branch within India. ISD Will be applicable only for the entities having multiple branches...

Read More

Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

Read More

Composition Scheme Under GST- An Analysis

To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme....

Read More

Updated GST on Goods Rate Rate Chart Updated till 15.11.2017

Updated scheduled CGST rates on goods, as on 15.11.2017 For ease of reference only The CGST rates on certain goods have undergone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. A need has been felt to publish a consolidated rate schedule in a […]...

Read More

Updated Central Goods and Services Tax Rules, 2017 till 15.11.2017

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 15th November 2017. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date ...

Read More

FAQs on ethical issues relating to GST

Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 19...

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Synopsis of GST Notification dated 15th November, 2017

The 23rd GST Council meeting held at Guwahati, Assam has proposed many changes in the structure of GST, the legal nod to which was provided through a slew of notifications issued on 14th and 15th November 2017 has made many changes to improve, on 14th and 15th November 2017. A gist of the newly released Notifications issued as on 15th Nov...

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CBEC issues 17 more Notifications/ Circulars/orders on 15th Nov 2017

CBEC issued 17 more Notification/ Circulars or Orders on  15th November 2017 to give effect to various decisions taken by it in 23rd GST Council meeting and to clarify Procedure for Manual filing & processing of GST refund claims, Apportionment of IGST with respect to advertisement services,GST on warehousing of agricultural produce,...

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Procedure for Manual filing & processing of GST refund claims

Circular No. 17/17/2017 - GST (15/11/2017)

Due to the non-availability of the refund module on the common portal, it has been decided by the competent authority, on the recommendations of the Council, that the application/document/forms pertaining to refund claims on amount of zero-rated supplies shall be filed and processed manually till further orders....

Read More
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