goods and services tax

Analysis of Change in GST Rates in Real Estate and Removal of Input Tax Credit

Goods and Services Tax - Note on GST w.r.t. Proposed Changes in Real Estate The GST council has proposed to reduce the GST on under-construction properties from 12% to 5% and on affordable housing from 8% to 3% without Input Tax Credit (ITC). Now, while most developers are welcoming this move and hailing it as a game changer- we need […]...

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Summary of CGST Circulars No. 89 to 91 dated 18th February 2019

Goods and Services Tax - I. Circular No. 89/08/2019-GST dated 18.02.2019 ♥ After observing that the majority of tax payers are not reporting details in Table 3.2 of GSTR-3B, the circular has been issued  to clarify that the tax payers has to fill the details of supplies to unregistered dealers mandatorily in table 3.2 of GSTR-3B and also in table […]...

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Brief analysis of Hon’ble SC ruling on ‘Non-appearance of Counsel’ as a ground for adjournment w.r.t. to GST Law

Goods and Services Tax - Supreme Court ruled that We make it clear that since we have not found it to be a good ground for adjournment, under no circumstances, application for restoration shall be entertained....

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ITC ineligible – Changes w.e.f 1st Feb ’19

Goods and Services Tax - This article is prepared considering the changes in ITC eligibility under GST which are effective from 01.02.2019. The changes in credit restrictions is a product of ambiguity and scope of various interpretations of the law. The aim was to bring in clarity, and ensure common man is not burdened with the law. An analysis on […]...

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Analysis of provisions of interest on late payment of GST

Goods and Services Tax - After 31st meeting of the GST Council, it has been published on 22nd December, 2018 that the council has principally approved to amend section 50 of the CGST Act to provide that interest should be charged only on the net tax liability of the taxpayer, after taking into account the admissible input tax credit, i.e. interest would be [&h...

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Join 4 day Course on GST by Ministry of M.S.M.E. (Limited Seats)

Goods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. (Limited Seat) at New Delhi, Kolkata, Jaipur, Mumbai, Pune, Agra, Goa, Coimbatore, Bangalore, Cochin, Trichy, Ahmedabad, Chennai & Hyderabad in February and March 2019 starting from 23rd February 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...

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Two new functionality on GST Portal related to E-Way Bill & Appeal

Goods and Services Tax - Population of Data from EWB System into Form GSTR-1 At the time of generating E-Way Bill for outward supply, taxpayer enters the detail of outward supplies such as Invoice number, Date, Value Tax etc. Taxpayers can now easily import these details of outward supply invoices, as indicated in the E-Way Bill, at the time of preparation [&hel...

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CGST /IGST / UTGST Act, 2017 & GST (Compensation To State) Act, 2017

Goods and Services Tax - Download CGST Act 2017, IGST Act, 2017, UTGST Act 2017 & GST (Compensation To State) Act, 2017 updated till 01st February 2019 in PDF Fromat. The Central Goods And Services Tax Act, 2017 The Goods And Services Tax (Compensation To States) Act, 2017 The Integrated Goods And Services Tax Act, 2017 The Union Territory Goods And [&hellip...

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Join 4 days Advanced certification course on GST by MSME

Goods and Services Tax - JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at New  Delhi, Kolkata, Jaipur, Mumbai, Pune, Agra, Goa, Coimbatore, Bangalore, Cochin, Trichy, Ahmedabad, Chennai & Hyderabad in February and March 2019 starting from 23rd February 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING OR...

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3 New Functionality / Improvement on GST Portal

Goods and Services Tax - GST Registration– For Taxpayer Suo-moto cancelled taxpayers were not able to file revocation of cancelled registration application, as they were asked to file return after the month (also), in which cancelation order was issued (till filing of this application) and same (the later months) was also not shown in drop down list for fil...

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Mere variation in description of Goods in Dealers’ Invoice and Inward Notes not sufficient to suspect Fraudulent Credit

M/s. C.P.C. (P) Ltd. Vs Commissioner of GST & Central Excise Coimbatore (CESTAT Chennai) - M/s. C.P.C. (P) Ltd. Vs Commissioner of GST & Central Excise Coimbatore (CESTAT Chennai) The very variation in the description of the goods in the dealers’ invoice, as well as the material inward notes, cannot be a ground for alleging that the appellant has availed fraudulent credit. There is ...

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HC order Release of Goods as Sale Transaction not attained Finality

Sunaiba Industries Vs State of U.P. (Allahabad High Court) - Sunaiba Industries Vs State of U.P. (Allahabad High Court) The petitioner is the selling dealer of the goods. The goods were being transported from Delhi to Kanpur in 30 builties. Only on account of improper invoice in respect of some of the builites, the goods have been seized and directed to be re...

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HC order release of good on payment of Tax of dealer not registered in that state

Armour Steel Buildings India (P) Ltd. Vs Asstt. State Tax Officer (Kerala High Court) - Armour Steel Buildings India (P) Ltd. Vs Asstt. State Tax Officer (Kerala High Court) The petitioner, an assessee under the GST Act in Tamil Nadu, sent goods across to the State. The Assistant State Tax Officer intercepted the goods and detained them. After the initial procedural formalities the pet...

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GST on merger of proprietorship firm as a going concern with a private limited company

In re M/s B. M. Industries (GST AAR Haryana) - In re M/s B. M. Industries (GST AAR Haryana) The applicant, on merger of his proprietorship firm as a going concern with a private limited company, is not liable to pay tax under CGST/SGST Act on the fixed assets and currents assets including stocks of raw material, semi-finished and finished goods....

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NO GST exemption on Man Power services to Hospital – cum – General Medical College and State Universities

In re M/s Oscar Security & Fire Service (AAR Haryana) - The services provided by the applicant, i.e. Man Power services to Hospital - cum - General Medical College and State University do not qualify for exemption under Sr. No. 66 of notification no. 12/2017-Central Tax (Rate) dated 28.06.2017 and corresponding notification No. 47/ST-2 Dt. 30.06.2017 of ...

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Due date of filing GSTR-3B for tax period January, 2019 extended (Read Notification)

Notification No. 09/2019 – Central Tax - (20/02/2019) - As per GST  portal Due date of filing GSTR-3B for the tax period January, 2019 has been extended up to 22nd February, 2019. Only for J&K it is extended up to 28th Feb 2019. Today’s GST Council meeting  is adjourned as several members wanted to meet in person to discuss. Council will meet...

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GST on supply of warehoused goods while being deposited in a customs bonded- Reg.

Circular No. 91/10/2019-GST - (18/02/2018) - Clarification regarding tax payment made for supply of warehoused goods while being deposited in a customs bonded warehouse for the period July, 2017 to  March, 2018  vide Circular No. 91/10/2019-GST Dated 18th February, 2019 Circular No. 91/10/2019-GST F.No. CBEC-20/16/04/2018 – GST Govern...

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Mentioning of place of supply with State in GST invoice is must in case of inter- State supply

Circular No. 90/09/2019-GST - (18/02/2019) - It is therefore, instructed that all registered persons making supply of goods or services or both in the course of inter-State trade or commerce shall specify the place of supply along with the name of the State in the tax invoice....

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Reporting of Inter-State supplies to unregistered persons in Form GSTR-3B and Form GSTR-1

Circular No. 89/08/2019-GST - (18/02/2019) - It is instructed that the registered persons making inter-State supplies to unregistered persons shall report the details of such supplies along with the place of supply in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR–1 as mandated by the law. ...

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Due date to file Form GSTR-7 for January extended to 28.02.2019

Notification No. 8/2019–Central Tax - (08/02/2019) - CBIC extends the time limit for furnishing the FORM GSTR-7 return by a registered person required to deduct tax at source under GST Law for the month of January, 2019 till the 28th day of February, 2019....

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Recent Posts in "goods and services tax"

Analysis of Change in GST Rates in Real Estate and Removal of Input Tax Credit

Note on GST w.r.t. Proposed Changes in Real Estate The GST council has proposed to reduce the GST on under-construction properties from 12% to 5% and on affordable housing from 8% to 3% without Input Tax Credit (ITC). Now, while most developers are welcoming this move and hailing it as a game changer- we need […]...

Read More

Summary of CGST Circulars No. 89 to 91 dated 18th February 2019

I. Circular No. 89/08/2019-GST dated 18.02.2019 ♥ After observing that the majority of tax payers are not reporting details in Table 3.2 of GSTR-3B, the circular has been issued  to clarify that the tax payers has to fill the details of supplies to unregistered dealers mandatorily in table 3.2 of GSTR-3B and also in table […]...

Read More

Due date of filing GSTR-3B for tax period January, 2019 extended (Read Notification)

Notification No. 09/2019 – Central Tax (20/02/2019)

As per GST  portal Due date of filing GSTR-3B for the tax period January, 2019 has been extended up to 22nd February, 2019. Only for J&K it is extended up to 28th Feb 2019. Today’s GST Council meeting  is adjourned as several members wanted to meet in person to discuss. Council will meet again on […]...

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Brief analysis of Hon’ble SC ruling on ‘Non-appearance of Counsel’ as a ground for adjournment w.r.t. to GST Law

Supreme Court ruled that We make it clear that since we have not found it to be a good ground for adjournment, under no circumstances, application for restoration shall be entertained....

Read More

Mere variation in description of Goods in Dealers’ Invoice and Inward Notes not sufficient to suspect Fraudulent Credit

M/s. C.P.C. (P) Ltd. Vs Commissioner of GST & Central Excise Coimbatore (CESTAT Chennai)

M/s. C.P.C. (P) Ltd. Vs Commissioner of GST & Central Excise Coimbatore (CESTAT Chennai) The very variation in the description of the goods in the dealers’ invoice, as well as the material inward notes, cannot be a ground for alleging that the appellant has availed fraudulent credit. There is no allegation with respect to the [&hell...

Read More

HC order Release of Goods as Sale Transaction not attained Finality

Sunaiba Industries Vs State of U.P. (Allahabad High Court)

Sunaiba Industries Vs State of U.P. (Allahabad High Court) The petitioner is the selling dealer of the goods. The goods were being transported from Delhi to Kanpur in 30 builties. Only on account of improper invoice in respect of some of the builites, the goods have been seized and directed to be released on furnishing […]...

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Complete Analysis on GST by CA Raman Singla & Taxguru

We are happy to announce the release of our detailed book on GST titled A Complete Analysis on GST –January 2019 Edition by CA Raman Singla...

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HC order release of good on payment of Tax of dealer not registered in that state

Armour Steel Buildings India (P) Ltd. Vs Asstt. State Tax Officer (Kerala High Court)

Armour Steel Buildings India (P) Ltd. Vs Asstt. State Tax Officer (Kerala High Court) The petitioner, an assessee under the GST Act in Tamil Nadu, sent goods across to the State. The Assistant State Tax Officer intercepted the goods and detained them. After the initial procedural formalities the petitioner suffered an order under section ...

Read More

ITC ineligible – Changes w.e.f 1st Feb ’19

This article is prepared considering the changes in ITC eligibility under GST which are effective from 01.02.2019. The changes in credit restrictions is a product of ambiguity and scope of various interpretations of the law. The aim was to bring in clarity, and ensure common man is not burdened with the law. An analysis on […]...

Read More

Join 4 day Course on GST by Ministry of M.S.M.E. (Limited Seats)

JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. (Limited Seat) at New Delhi, Kolkata, Jaipur, Mumbai, Pune, Agra, Goa, Coimbatore, Bangalore, Cochin, Trichy, Ahmedabad, Chennai & Hyderabad in February and March 2019 starting from 23rd February 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIE...

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