Goods and Services Tax - Any new reform, particularly a tax reform, is bound to have initial resistance. However tax paying businessmen were so frustrated by multiple taxes and compliances under earlier laws that they welcome GST wholehearted hoping it will solve all their problems and GST will be easy to understand and implement. The government also trumpeted ...
Read MoreGoods and Services Tax - The chapter IV of the CGST Act determines the time of supply of goods or supply of services. Tax Liability arises from the date of time of supply. Time of Supply determines the point of time: 1. the time when the liability to pay tax arises; 2. the rate of tax applicable with reference to […]...
Read MoreGoods and Services Tax - The article focuses on the procedure to be followed by principal when goods sent for treatment or processes such as cutting, assembly, packing, coating the goods which would be required to be done before selling finished goods by principal to the customer, The paper writer has also covered the maintenance of records, ITC-04, compliance w....
Read MoreGoods and Services Tax - 1. As per Rule 138E, non furnishing of CMP-08 for 2 consecutive quarters shall result in blocking of E way bill for Composition Dealers. CMP-08 for April to June 2019 was required to be filed till 31-08-2019 (N/N 35/2019-CT dated 29-7-2019) and CMP-08 for July to Sep 2019 is required to be filed till 22nd […]...
Read MoreGoods and Services Tax - The Proposed E-invoicing System has been approved by 37th GST Council meeting held on 20-09-2019. The E Invoicing system will be operationalized in a phase manner from 01st January 2020. Entities to whom it will applicable: Sl no Turnover Optional from Mandatory From 1 More Than Rs 500.00 Crores 01st January 2020 01st April 2020 [&helli...
Read MoreGoods and Services Tax - TaxGuru Edu, an educational wing of Taxguru bring you the best in class Online Certification Courses on GST and Income tax. Learn taxes in a Practical way and become an Expert in this field. Online Certification Course on Income Tax – Batch 2 The Online Income Tax Course covers major aspects of Income Tax Law […]...
Read MoreGoods and Services Tax - We are happy to announce the release of our thoroughly revised detailed book on GST titled A Complete Analysis on GST – November 2019 Edition...
Read MoreGoods and Services Tax - 1. Taxpayers can now see all the GSTINs mapped to same PAN across India, at the time of filing the Part A of the registration application form for new registration, on same PAN. 2. Taxpayers applying for registration as OIDAR can now give details of their authorised representative appointed in India (Name, PAN, Mail & […]...
Read MoreGoods and Services Tax - The gross GST revenue collected in the month of November, 2019 is Rs. 1,03,492 crore of which CGST is Rs. 19,592 crore, SGST is Rs. 27,144 crore, IGST is Rs. 49,028 crore (including Rs. 20,948 crore collected on imports) and Cess is Rs. 7,727 crore (including Rs. 869 crore collected on imports). The total number of GSTR 3B Retu...
Read MoreGoods and Services Tax - MCA amended Companies (Cost Records and Audit) Amendment Rules due to implementation of GST, other procedural changes and consequent revision of connected forms i.e. CRA-1 and CRA-3 Posted On: 02 DEC 2019 3:12PM by PIB Delhi The Ministry of Corporate Affairs (MCA) vide Notification No. G.S.R. 792 (E) dated 15.10.2019 has amended the Compa...
Read MoreIn re Indian Potash Limited (GST AAR Andhra Pradesh) - In re Indian Potash Limited (GST AAR Andhra Pradesh) The transportation of goods in a vessel from a non-taxable territory to taxable territory amounts to import of service and such ocean freight is leviable to IGST as an inter-state supply of service and the Applicant, being the importer, are liable...
Read MoreIn re KSR & Company (GST AAR Andhra Pradesh) - In re KSR & Company (GST AAR Andhra Pradesh) The Applicant is eligible for Input Tax Credit (ITC) in respect of the GST paid on goods and services used as inputs in execution of “Works Contracts’. Input Tax Credit restriction under section 17(5)(c) and 17(5)(d) will not apply to the ...
Read MoreIn re Venkata Rao Tirupathi (GST AAR Andhra Pradesh) - In re Venkata Rao Tirupathi (GST AAR Andhra Pradesh) Whether section 77(2) of the CGST Act, 2017 is squarely applicable to section 9 of the GST compensation cess Act, 2017 (Compensation to States) in terms of payment of tax in a wrong head? The applicant sought Advance Ruling in an issue of applicab...
Read MoreIn re Southern Power Distribution Company of AP Ltd. (GST AAR Andhra Pradesh) - In re Southern Power Distribution Company of AP Ltd. (GST AAR Andhra Pradesh) (a) Whether the supply of services such as connection, re-connection, supervision of the works, erection of poles, sub-stations, transmission lines etc., and supply of meters etc., to the consumers for the purpose and duri...
Read MoreState of Uttar Pradesh and Ors. Vs Kay Pan Fragrance Pvt. Ltd. (Supreme Court of India) - State of Uttar Pradesh and Ors. Vs Kay Pan Fragrance Pvt. Ltd. (Supreme Court of India) In the first place, we find force in the submission canvassed by the State that a complete mechanism is predicated in the Act and the Rules for release and disposal of the seized goods and for which reason, the [...
Read MoreCircular No. 127/46/2019 – GST - (04/12/2019) - Kind attention is invited to Circular No. 107/26/2019-GST dated 18.07.2019 wherein certain clarifications were given in relation to various doubts related to supply of Information Technology enabled Services (ITeS services) under GST....
Read MoreOrder No. 09/2019-Central Tax/S.O. 4340(E) - (03/12/2019) - Removal of Difficulties Order issued to implement the decision of 37th GST Council regarding GST Appellate Tribunal (GSTAT) vide Order No. 09 /2019-Central Tax dated 03rd December, 2019 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Order ...
Read MoreNotification No. S.O. 4332(E) - (29/11/2019) - Govt notifies creation of the State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) for Mizoram and Rajasthan and Area Benches at Two Area Benches at Bengaluru and One Area Bench at Jodhpur. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th November, 2019 ...
Read MoreNotification No. 62/2019 – Central Tax [G.S.R. 879(E)] - (26/11/2019) - CBIC notifies transition plan with respect to J&K reorganization w.e.f. 31.10.2019 Notification No. 62/2019 – Central Tax dated 26th November, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 62/2019 – Central ...
Read MoreNotification No. 61/2019–Central Tax [G.S.R. 878(E)] - (26/11/2019) - CBIC extends due date for furnishing of return in FORM GSTR-3B for registered persons in Jammu and Kashmir for the month of October, 2019 Notification No. 61/2019 – Central Tax dated 26th November, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxe...
Read MoreIn re Indian Potash Limited (GST AAR Andhra Pradesh) -
In re Rashtriya Ispat Nigam Ltd (GST AAR Andhra Pradesh) -
In re KSR & Company (GST AAR Andhra Pradesh) -
In re Venkata Rao Tirupathi (GST AAR Andhra Pradesh) -
In re Southern Power Distribution Company of AP Ltd. (GST AAR Andhra Pradesh) -
In re PKR Projects and Engineers (GST AAR Andhra Pradesh) -
In re Balasubramanyam Saravana Perumal, Prop: Chitra Transport (GST AAR Andhra Pradesh) -