goods and services tax

GST on Export of Services (OIDAR)

Goods and Services Tax - OIDAR (Online Information and Database Access or Retrieval) Services Both the following conditions must be satisfied to be an OIDAR service. If one is not satisfied, the service is not OIDAR. i. Delivery is mediated through internet. ii. The supply is essentially automated involving minimal human intervention and impossible without inform...

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GSTR 9C Reconciliation Statement- A Detailed Analysis

Goods and Services Tax - GSTR 9C is the reconciliation statement prescribed for registered tax payer to whom the GST Audit is applicable. It is not required to be filed by such registered person whose aggregate turnover during a financial year is less than two crore rupees including all mentioned in the table for GSTR 9. ...

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FAQs on IGST Refunds on Goods Exported out of India

Goods and Services Tax - What is Zero Rated Supply under GST? Under GST, exports and supplies to SEZ are zero rated as per Section 16 of the IGST Act, 2017. By zero rating, it is meant that the entire supply chain of a particular supply is tax free, i.e., there is no burden of tax either on the input […]...

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Development Rights and its Taxability under CGST Act, 2017

Goods and Services Tax - Transfer Of Land And Its Developments Rights Under GST Regime We generally consider land as an immovable property, it is a part of surface of Earth not covered by water or land is an area of ground, especially one that is used for a particular purpose such as farming or building. Now we have to […]...

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Rule of Issuing Invoice in GST for financial year 2019-20

Goods and Services Tax - According to Rule 46 (b) of the CGST Rules 2017, it has been specified that the GST tax invoice issued by a registered person -should have a consecutive serial number, -not exceeding 16 characters -in one or multiple series -containing alphabets or numerals or special characters and any combination thereof unique for a financial year. [&h...

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5 New Functionality on GST Portal introduced after 15.03.2019

Goods and Services Tax - 5 New Functionality on GST Portal introduced after 15.03.2019 are Form GSTR-9, Annual Return for 2017-18 to be filed by normal taxpayer, Form GSTR-9A, Annual Return for 2017-18 for composition taxpayer, Preparation of Form GST REG-21 by GSTP, on behalf of NRTP/TDS/TCS/ OIDAR taxpayer, Viewing & Downloading of month-wise Comparative Ta...

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ICAI’s contribution in GST recognized by GSTN

Goods and Services Tax - The Goods and Services Tax Network (GSTN) on the occasion of its foundation day on 5th April, 2019 felicitated The Institute of Chartered Accountants of India (ICAI) in recognition of its contribution and support in development of GST ecosystem....

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Online GST Certification Course by TaxGuru & GST Professionals

Goods and Services Tax - Join Online GST Certification Course by TaxGuru & GST Professionals – April’19 Batch- Starting from 13th April 2019. After Completing nine successful batches on GST We are happy to announce Advanced Online GST Certification Course – April 2019 Batch to help Learn GST in Easy and Practical way to help you be an Expert in [&hellip...

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Join 4 day Course on GST by M.S.M.E. with Certification

Goods and Services Tax - JOIN GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at New Delhi, Agra, Pune, Ahmadabad, Cochin, Bangalore, Kolkata, Jaipur, Goa, Coimbatore, Chennai, Mumbai, Hyderabad, Bareilly in April and May 2019 starting from 13 April 2019. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORGANISEED BY MSME R...

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Advisory to GST Taxpayers on Invoice Series to be used wef 1st April, 2019

Goods and Services Tax - Attention of all taxpayers is invited to Rule 46 (b) of the CGST Rules 2017, which specifies that the tax invoice issued by a registered person should have a consecutive serial number, not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters – hyphen or dash and slash symbol...

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HC orders release of detained goods on Compliance with GST Rule 140(1)

Rajan Joseph Vs Asstt. State Tax Officer & Ors. (High Court Kerala) - It is seen that an identical matter has been disposed of by a Division Bench of this Court in W.A. No. 1802 of 2017, directing expeditious completion of the adjudication of the matter and permitting release of the goods detained pending adjudication, in terms of rule 140(1) of the Kerala Goods and ...

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Pre-GST Cases should be decided at the earliest : Allahabad HC

M/s Lg Electronics (India) Pvt Ltd Vs State of U.P. And 04 Others (Allahabad High Court) - M/s LG Electronics (India) Pvt Ltd Vs. State of U.P. (Allahabad High Court) The Sale Tax regime came to an end on 13th May, 1994. Thereafter, Trade Tax regime came into force by U.P. Act No. 31 of 1995 with effect from 14.5.1994 but, the scheme of the erstwhile that continued without any change in [...

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Competition from exempt /compounding manufacturers not valid ground to indulge in Profiteering

Kerala State Screening Committee on Anti-profitering Vs M/s Dev Snacks (National Anti-Profiteering Authority) - The claim of the Respondent that he could not have reduced his prices after the tax reduction due to stiff competition from other exempted and compounding manufacturers, resistance from his customers, increase in the raw material and transportation costs and he was providing robust profit margins an...

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No Anti-Profiteering if base price remained same even after tax reduction

Kerala State Screening Committee on Anti-Profiteering Vs Ms. Rosata Vitrified Pvt. Ltd. (National Anti-Profiteering Authority) - Kerala State Screening Committee on Anti-Profiteering Vs Ms. Rosata Vitrified Pvt. Ltd. (National Anti-Profiteering Authority) It was from the Invoices submitted clear that the base price of the product Vitrified Tiles Super Nano Plus (HSN Code 69072100) per box was Rs. 294.50 prior to 15.11.2017 an...

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GST: Vehicle cannot be detained for mere Deficiency in Lorry Receipt

F S Enterprise Vs State of Gujarat (Gujarat High Court) - F S Enterprise Vs State of Gujarat (Gujarat High Court) Insofar as the Lorry Receipt issued by the transporter is concerned, carrying the same is not a requirement prescribed under rule 138A(1) of the rules. It was submitted that under the circumstances, in the absence of any statutory provision emp...

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Due date of filing GSTR-3B extended to 23rd April 2019

Last date for furnishing return in the FORM GSTR-3B for the month of March, 2019 is being extended up to 23rd April, 2019 so as trade and industry get more time to file their returns....

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Due date for monthly GSTR-7 of March 2019 extended to 12.04.2019

Notification No. 18/2019–Central Tax [G.S.R. 299(E)] - (10/04/2019) - CBIC extend the due date for furnishing FORM GSTR-7 for the month of March, 2019 from 10.04.2019 to 12.04.2019 vide Notification No. 18/2019 – Central Tax dated- 10th April, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notificati...

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CBIC extends due date for Monthly GSTR 1 of March 2019 to 13.04.2019

Notification No. 17/2019–Central Tax [G.S.R. 300(E)] - (10/04/2019) - CBIC extends the due date for furnishing FORM GSTR-1 for taxpayers having aggregate turnover more than Rs. 1.5 crores for the month of March, 2019 from 11.04.2019 to 13.04.2019 vide Notification No. 17/2019 – Central Tax dated- 10th April, 2019. Government of India Ministry of Finance (Department ...

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CBIC clarifies on 3% GST Rate option under notification No. 2/2019 ­CT(R)

Circular No. 97/16/2019-GST - (05/04/2019) - Attention is invited to notification No. 02/2019-Central Tax (Rate) dated 07.03.2019 which prescribes rate of central tax of 3% on first supplies of goods or services or both upto an aggregate turnover of fifty lakh rupees made on or after the 1st day of April in any financial year,...

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Attendance of jurisdictional officer for hearing of Advance Ruling

NO: GST/ARA/Maharashtra State/2018-19/B-49 Internal circular ARA No. 01/2019 - (03/04/2019) - Written submissions made by the concerned Officer /jurisdictional officer shall be approved by the jurisdictional Commissioner of Central Tax in case of CGST and Joint Commissioner of State Tax in case of SGST....

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Recent Posts in "goods and services tax"

HC orders release of detained goods on Compliance with GST Rule 140(1)

Rajan Joseph Vs Asstt. State Tax Officer & Ors. (High Court Kerala)

It is seen that an identical matter has been disposed of by a Division Bench of this Court in W.A. No. 1802 of 2017, directing expeditious completion of the adjudication of the matter and permitting release of the goods detained pending adjudication, in terms of rule 140(1) of the Kerala Goods and Services Tax Rules, 2017....

Read More

GST on Export of Services (OIDAR)

OIDAR (Online Information and Database Access or Retrieval) Services Both the following conditions must be satisfied to be an OIDAR service. If one is not satisfied, the service is not OIDAR. i. Delivery is mediated through internet. ii. The supply is essentially automated involving minimal human intervention and impossible without inform...

Read More

Due date of filing GSTR-3B extended to 23rd April 2019

Last date for furnishing return in the FORM GSTR-3B for the month of March, 2019 is being extended up to 23rd April, 2019 so as trade and industry get more time to file their returns....

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Download GSTR 2A Reconciliation Utility

This excel utility helps you reconcile GSTR 2A with tally in minutes. Download the utility from the link given below: Download GSTR 2A Reconciliation Utility For detailed instruction to use the utility watch the video given in link below https://www.youtube.com/watch?v=eCZXILE3xlc...

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GSTR 9C Reconciliation Statement- A Detailed Analysis

GSTR 9C is the reconciliation statement prescribed for registered tax payer to whom the GST Audit is applicable. It is not required to be filed by such registered person whose aggregate turnover during a financial year is less than two crore rupees including all mentioned in the table for GSTR 9. ...

Read More

FAQs on IGST Refunds on Goods Exported out of India

What is Zero Rated Supply under GST? Under GST, exports and supplies to SEZ are zero rated as per Section 16 of the IGST Act, 2017. By zero rating, it is meant that the entire supply chain of a particular supply is tax free, i.e., there is no burden of tax either on the input […]...

Read More

Development Rights and its Taxability under CGST Act, 2017

Transfer Of Land And Its Developments Rights Under GST Regime We generally consider land as an immovable property, it is a part of surface of Earth not covered by water or land is an area of ground, especially one that is used for a particular purpose such as farming or building. Now we have to […]...

Read More

Rule of Issuing Invoice in GST for financial year 2019-20

According to Rule 46 (b) of the CGST Rules 2017, it has been specified that the GST tax invoice issued by a registered person -should have a consecutive serial number, -not exceeding 16 characters -in one or multiple series -containing alphabets or numerals or special characters and any combination thereof unique for a financial year. [&h...

Read More

Pre-GST Cases should be decided at the earliest : Allahabad HC

M/s Lg Electronics (India) Pvt Ltd Vs State of U.P. And 04 Others (Allahabad High Court)

M/s LG Electronics (India) Pvt Ltd Vs. State of U.P. (Allahabad High Court) The Sale Tax regime came to an end on 13th May, 1994. Thereafter, Trade Tax regime came into force by U.P. Act No. 31 of 1995 with effect from 14.5.1994 but, the scheme of the erstwhile that continued without any change in […]...

Read More

Competition from exempt /compounding manufacturers not valid ground to indulge in Profiteering

Kerala State Screening Committee on Anti-profitering Vs M/s Dev Snacks (National Anti-Profiteering Authority)

The claim of the Respondent that he could not have reduced his prices after the tax reduction due to stiff competition from other exempted and compounding manufacturers, resistance from his customers, increase in the raw material and transportation costs and he was providing robust profit margins and discounts to his dealers cannot be acc...

Read More

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