goods and services tax

GST Impact on variable cost of Electricity Generation

Goods and Services Tax - GST Impact on Coal cost- But one power sector is most beneficial sector after implementation of GST as coal cost which consist of more than 90 % of input cost came down drastically, as there is substantial reduction of tax Post GST, can be understand better from following comparison:...

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Restaurants not passing benefit of GST Reduction to Customers and Clarification from Mcdonald

Goods and Services Tax - Please Read Clarification at the end of Article by Mcdonald in respect of Below Story. Nowadays Social media is abuzz with a Photo showing two bills of Mcdonald’s Family Restaurant in which Price inclusive of Tax of one of the item sold by it is shown as same on 15th November 2017 i.e. the date […]...

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18 Questions replied recently on Twitter related to GST by CBEC

Goods and Services Tax - Question 1: Is that compulsory to file gstr-1A even there is no corrections and where GSTR 1 already filled? Answer: GSTR-1A is auto-populated from GSTR-2A. Procedure for filing of GSTR-2 and 3 has been kept in abeyance for the time being Special session by GST policy wing’s officers to address queries of all stake holders […...

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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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50 Kurkure GST FAQs for CA’s, Advocates and Revenue Officers

Goods and Services Tax - Chapter I – Preliminary: 1. Whether GST law is applicable in J&K? Yes. CGST and IGST act were made applicable in J&K from 8th July, 2017 through respective ordinances. J&K GST Act was also passed and made applicable from this date (Act is on same lines as other State GST Acts). 2. Whether General Clauses […]...

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Permission to display revised MRP due to reduction of rates of GST up to 31.12.2017

Goods and Services Tax - Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. up to 31st December, 2017....

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Last day to register for Online GST Certification course

Goods and Services Tax - Join most intensive Online Certification Course on GST by TAXGURU and GST Professionals with Certification by Govt of India (M.S.M.E). Batch start on 12th November, 2017...

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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 creation of National Anti-profiteering Authority (NAA) under GST

Goods and Services Tax - The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on yesterday’s sharp reduction in the GST rates of a large number of items of mass consumption.This...

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Join Certification Course on GST by Ministry of MSME

Goods and Services Tax - JOIN GST CERTIFIED PRACTITIONER course of Ministry of M.S.M.E. – Technology Development Centre (PPDC)  The Course aims to facilitate the Graduating students, members in industry as well in practice by: Providing specialized and updated knowledge in the area of GST in a systematic manner. Enhancing analytical and problem solving skills ...

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GST: HC cannot entertain an appeal in respect of classification issues or matters concerning tax rate

M/s. Jaap Auto Distributors Vs. The Assistant Commissioner of Customs (Madras High Court) - M/s. Jaap Auto Distributors Vs Assistant Commissioner of Customs (Madras High Court) A Writ Court cannot make a fact finding exercise to ascertain, which would be an appropriate entry under which the goods are to be classified. In fact, under the normal course in respect of classification disputes, ...

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Consider Representation on Revising GST Rate on Works Contracts: Madras HC

Coimbatore Corporation Contractors Vs. State of Tamil Nadu (Madras High Court) - Under the new tax regime, GST (comprising CGST, SGST and IGST) on works contracts for Government work was intially notified at 18 percent. This had resulted in representations from contractors of ongoing works for compensation by procuring entity for increased tax liability over and above the contra...

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HC allows export against advance license issued prior to GST implementation

Chemico Synthetics Limited Vs. Union Of India & Ors. (Delhi High Court) - Chemico Synthetics Limited V/S. Union Of India & Ors. (Delhi High Court) - HC held that an interim relief can be granted to exporters to continue making duty free imports against Advance Authorization (AA) licenses issued to them prior to 1-7-2017 where period of validity of license remains unexpire...

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Dept cannot deviate from GST law prescribed for release of detained Goods

Madhu M.B vs The Commercial Tax Officer (Kerala High Court) - Madhu M.B vs The Commercial Tax Officer (Kerala High Court)- It was held that where as the statutory provisions in relation to search, seizure, detention and release thereof is provided under section 129 of CGST Act, 2017, the Department cannot deviate from the said provisions in order to pass an or...

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State has no Power to make Rules to regulate Inter-State movement of Goods under GST

M/s Ascics Trading Company Vs. The Assistant State Tax Officer (Kerala High Court) - Neither the State Legislature nor the State Government would have the power to make laws/ rules to govern interstate movements of goods in the course of trade, and for the purposes of levy of tax, ...

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MGST: Exemption to all tax payers from payment of tax on advances

Notification No. 66/2017-State Tax - (15/11/2017) - Government of Maharashtra, on the recommendations of the Council, hereby 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 state tax on the outward supply of goods at the time of supply...

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MGST: Exemption to suppliers of services through an e-commerce platform

Notification No. 65/2017-State Tax - (15/11/2017) - Government of Maharashtra, on the recommendations of the Council, hereby specifies the persons making supplies of services, other than supplies specified under sub-section (5) of section 9 of the said Act...

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MGST: Maximum late fee payable for delayed filing of return in FORM GSTR-3B

Notification No. 64/2017-State Tax - (15/11/2017) - Government of Maharashtra, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of October, 2017 on wards by the due date under section 47 of the said Act, which is in excess of an...

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MGST: Extension of due date for submission of details in FORM GST-ITC-04

Notification No. 63/2017-State Tax - (15/11/2017) - Commissioner of State Tax, Maharashtra State, hereby makes the following amendments in the notification No. 53/2017-State Tax, dated the 28th October 2017, published in the Maharashtra Government Gazette, Part-II, Extra-Ordinary No. 103, dated the 31st October 2017, namely :—...

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MGST: Extension of time limit for furnishing FORM GSTR-6 for July, 2017

Notification No. 62/2017-State Tax - (15/11/2017) - Commissioner of State Tax, Maharashtra State, hereby extends the time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6 under sub-section (4) of section 39 of the said Act read with rule 65 of the Maharashtra Goods and Services Tax Rules, 2017 for the month of July 2017 ...

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Recent Posts in "goods and services tax"

GST Impact on variable cost of Electricity Generation

GST Impact on Coal cost- But one power sector is most beneficial sector after implementation of GST as coal cost which consist of more than 90 % of input cost came down drastically, as there is substantial reduction of tax Post GST, can be understand better from following comparison:...

Read More

Permission to display revised MRP due to reduction of rates of GST up to 31.12.2017

Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. up to 31st December, 2017....

Read More

Restaurants not passing benefit of GST Reduction to Customers and Clarification from Mcdonald

Please Read Clarification at the end of Article by Mcdonald in respect of Below Story. Nowadays Social media is abuzz with a Photo showing two bills of Mcdonald’s Family Restaurant in which Price inclusive of Tax of one of the item sold by it is shown as same on 15th November 2017 i.e. the date […]...

Read More

18 Questions replied recently on Twitter related to GST by CBEC

Question 1: Is that compulsory to file gstr-1A even there is no corrections and where GSTR 1 already filled? Answer: GSTR-1A is auto-populated from GSTR-2A. Procedure for filing of GSTR-2 and 3 has been kept in abeyance for the time being Special session by GST policy wing’s officers to address queries of all stake holders […...

Read More

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

50 Kurkure GST FAQs for CA’s, Advocates and Revenue Officers

Chapter I – Preliminary: 1. Whether GST law is applicable in J&K? Yes. CGST and IGST act were made applicable in J&K from 8th July, 2017 through respective ordinances. J&K GST Act was also passed and made applicable from this date (Act is on same lines as other State GST Acts). 2. Whether General Clauses […]...

Read More

MGST: Exemption to all tax payers from payment of tax on advances

Notification No. 66/2017-State Tax (15/11/2017)

Government of Maharashtra, on the recommendations of the Council, hereby 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 state tax on the outward supply of goods at the time of supply...

Read More

MGST: Exemption to suppliers of services through an e-commerce platform

Notification No. 65/2017-State Tax (15/11/2017)

Government of Maharashtra, on the recommendations of the Council, hereby specifies the persons making supplies of services, other than supplies specified under sub-section (5) of section 9 of the said Act...

Read More

MGST: Maximum late fee payable for delayed filing of return in FORM GSTR-3B

Notification No. 64/2017-State Tax (15/11/2017)

Government of Maharashtra, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of October, 2017 on wards by the due date under section 47 of the said Act, which is in excess of an amount of twenty five rupees for every ...

Read More

MGST: Extension of due date for submission of details in FORM GST-ITC-04

Notification No. 63/2017-State Tax (15/11/2017)

Commissioner of State Tax, Maharashtra State, hereby makes the following amendments in the notification No. 53/2017-State Tax, dated the 28th October 2017, published in the Maharashtra Government Gazette, Part-II, Extra-Ordinary No. 103, dated the 31st October 2017, namely :—...

Read More
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