goods and services tax

Nationwide E-Way Bill system for Inter-State movement of goods

Goods and Services Tax - This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 06.01.2018. It supplements the earlier GST Updates....

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Department started sending GST Notices for failure to display sign board

Goods and Services Tax - GST Department of states have started sending notices to dealers who have opted for GST Composition Scheme for failure to mention 'Composition taxable person' on every notice or Sign Board displayed at a prominent place of their principal place of business and at every additional place of their business....

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GST e-way bill – Digital Interface for faster movement of goods

Goods and Services Tax - In its 24th and 25th GST Council meeting, the GST Council announced that the facility for generation, modification and cancellation of e-way bills is being provided on trial/ voluntary basis on the portal ewaybill.nic.in. Once fully operational, the e-way bill system will start functioning on the portal ewaybillgst.gov.in. Certain modific...

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Sectors benefited by recommendations of 25th GST Council Meeting

Goods and Services Tax - Change in rate of tax,Policy announcements , amendments in registration, sector wise benefits consequent to changes extracted...

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25th GST Council Meeting – Key Decisions

Goods and Services Tax - The GST rate on 29 items have been reduced and 53 Services have been exempted from GST, in addition to some other major changes in services sector. GST Council decides to divide Rs 35,000 Crs. IGST collections between Centre & States, provisionally....

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FORM GSTR-3B due date for Dec 2017 extended to 22.01.2018

Goods and Services Tax - As per official twitter handle of GoI for queries on GST The last date for filing return in FORM GSTR-3B for the month of December, 2017 is extended by two days to 22nd January, 2018. Relevant Tweet is as follows:- Also Read- Defaulter of Income Tax TDS arrested and sent to jail...

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GSTN to launch Self Help Portal wef 22 Jan 2018

Goods and Services Tax - To enable you to express your issues and problems related to GST System and its services, GSTN is launching a Self Help Portal (https://selfservice. gstsystem.in/) as a single platform where tax payer call log tickets for any issues or concerns and for quick resolution. This will be live from 22 Jan 2018....

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GST Rate changes on services by 25th GST Council Meeting

Goods and Services Tax - Recommendations made on GST Rate changes on services by the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates on goods and services covering many sectors and  commodities.  The Council ...

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6 Policy Changes recommended by 25th GST Council Meeting

Goods and Services Tax - 1. The late fee payable by any registered person for failure to furnish FORM GSTR-1 (supply details), FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be twenty rupees per day for NIL filers. The late fee payable for failure to furnish FORM GSTR-6 (Input Service Distribut...

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25th GST Council Meeting reduces GST Rate on Certain Goods

Goods and Services Tax - Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarification...

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Penalty cannot be imposed for mere delay in producing E-Way Bill: Allahabad High Court

M/S Raj Iron & Building Materials Vs. Union Of India (Allahabad High Court) - It does appear that the E-Way Bill had been downloaded and produced though with some delay but before conclusion of the penalty proceedings....

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Detention of goods for non-accompanying certain documents not sustainable in absence of non-notification of such document

M/s. Ascics Trading Company Vs. The Assistant State Tax Officer (High Court Of Kerala At Ernakulam) - Central Government had, till date, not notified the documents that have to be carried by a transporter of the goods in the course of interstate movement. Under the said circumstances and finding that neither the State Legislature nor the State Government would have the power to make laws/rules to go...

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Allow manual filing of GST advance ruling application till online facility made available: HC

Sanjeev Sharma Vs. Union Of India & Ors. (Delhi High Court) - It is held that where no facility for advance ruling was made available under GST, it was held that Department must accept manually application for advance ruling under GST since web portal would not be ready to accept the same till January, 2018....

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Law on order of Cross utilization of GST: HC issues notice to department

A & M Design & Print Production Vs. Union Of India & Ors. (Delhi High Court) - Where the assessee was trying to offset its IGST liability partially from CGST credit and partially from SGST credit but disallowed by GSTN portal with a message to first offset CGST credit completely before cross utilization. As there is no provision in GST law against such utilisation, Department ...

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HC issues notice to govt on double levy of cess on imported coal in stock

FC Agrawal Coal Pvt. Ltd. Vs. Union Of India (Gujarat High Court at Ahmedabad) - In this case the assessee had imported coal prior to the introduction of goods and service tax regime and had already paid clean energy cess at the prescribed rate. On the stock which the petitioner had not cleared, no credit had been allowed on such cess and Department again asked to pay fresh cess...

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Goods And Services Tax (Compensation To States) Amendment Act, 2017

No. 9 Of 2018 - (19/01/2018) - This Act may be called the Goods and Services Tax (Compensation to States) Amendment Act, 2017. (2) It shall be deemed to have come into force on the 2nd day of September, 2017....

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Stick to timelines with respect to GST refunds in relation to zero-rated supply: CBEC

DO. No. 03/CH(EC)/2018 - (19/01/2018) - Need to ensure that the refund sanctioning authorities under your jurisdiction stick to the timelines stipulated under law, especially with respect to refunds in relation to zero-rated supply of goods or services. ...

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Share User Experience on GST- ACES: CBEC Chairman

DO. No. 02/CH(EC)/2018 - (13/01/2018) - Member (IT) had issued a letter dated 19th December 2017 on User Experience on GST- ACES and I had referred to the same in my weekly correspondence with you on 22nd December 2017. Your feedback on the user experience is very valuable. ...

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GST on College Hostel Mess Fees- CBEC issues Clarification

Circular No. 28/02/2018 - (08/01/2018) - Queries have been received seeking clarification regarding the tax ability and rate of GST on services by a college hostel mess. The clarification is as given below:...

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CBEC to Train its officers on E-way Bill system

F. No. 11(11)102/2016-17- NACIN - (08/01/2018) - As per the decision of GST Council, a nation-wide E-way Bill system is to be introduced with effect from 01.02.2018 for all inter-State movement and with effect from 01.06.2018 for all intra-State movement. It is, therefore, important that officers of Central Tax administration are properly trained ...

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Recent Posts in "goods and services tax"

FORM GSTR-3B due date for Dec 2017 extended to 22.01.2018

As per official twitter handle of GoI for queries on GST The last date for filing return in FORM GSTR-3B for the month of December, 2017 is extended by two days to 22nd January, 2018. Relevant Tweet is as follows:- Also Read- Defaulter of Income Tax TDS arrested and sent to jail...

Read More

Goods And Services Tax (Compensation To States) Amendment Act, 2017

No. 9 Of 2018 (19/01/2018)

This Act may be called the Goods and Services Tax (Compensation to States) Amendment Act, 2017. (2) It shall be deemed to have come into force on the 2nd day of September, 2017....

Read More

Nationwide E-Way Bill system for Inter-State movement of goods

This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 06.01.2018. It supplements the earlier GST Updates....

Read More

Department started sending GST Notices for failure to display sign board

GST Department of states have started sending notices to dealers who have opted for GST Composition Scheme for failure to mention 'Composition taxable person' on every notice or Sign Board displayed at a prominent place of their principal place of business and at every additional place of their business....

Read More

GST e-way bill – Digital Interface for faster movement of goods

In its 24th and 25th GST Council meeting, the GST Council announced that the facility for generation, modification and cancellation of e-way bills is being provided on trial/ voluntary basis on the portal ewaybill.nic.in. Once fully operational, the e-way bill system will start functioning on the portal ewaybillgst.gov.in. Certain modific...

Read More

Key outcomes of 25th GST Council meeting – Rejigs rates on 82 items & gears up for simple return filing

With the conclusion of the 25th GST Council meet on January 18, 2018, the gist of the key takeaways from the meeting are as under: Policy Changes 1. Late fee payable by any registered person for failure to furnish following returns has been reduced to Rs. 50/- per day [and Rs. 20/- per day in case of Nil return] from Rs. 200/- per day:...

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GSTN to launch Self Help Portal wef 22 Jan 2018

To enable you to express your issues and problems related to GST System and its services, GSTN is launching a Self Help Portal (https://selfservice. gstsystem.in/) as a single platform where tax payer call log tickets for any issues or concerns and for quick resolution. This will be live from 22 Jan 2018....

Read More

Sectors benefited by recommendations of 25th GST Council Meeting

Change in rate of tax,Policy announcements , amendments in registration, sector wise benefits consequent to changes extracted...

Read More

25th GST Council Meeting – Key Decisions

The GST rate on 29 items have been reduced and 53 Services have been exempted from GST, in addition to some other major changes in services sector. GST Council decides to divide Rs 35,000 Crs. IGST collections between Centre & States, provisionally....

Read More

GST Puzzle in Health Care Sector finally solved!

The 25th GST council held on 18th January 2018 has finally resolved one of the jigsaw puzzles that have been mystifying the health care sector since 1st July 2017. ...

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