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Goods and Services Tax - Recently the government notified amendments to certain provisions of the CGST Rules, 2017 vide Notification No. 39/2018 – Central Tax dated 04/09/2018. One of the amendments was in relation to Rule 89(4) which provides mechanism for calculation of refund amount of input tax credit in relation to zero-rated supply of goods or services ...
Read MoreGoods and Services Tax - Vide Notification No. 39/2018 – Central Tax dated 04.09.2018, CGST Rules have been amended for the eighth time in the current calendar year. Consequent amendments have also been made in the respective State Rules. Before we discuss the amendments, it may be noted that except otherwise stated, all the amendments shall come into force fro...
Read MoreGoods and Services Tax - Explanation of provisions of rule of 42 of CGST Rules 2017 by practical example :...
Read MoreGoods and Services Tax - Sec 17(2) of the CGST Act, 2017 provides that where the goods or services are used partly for effecting taxable supplies (including zero rated) and partly for exempt/ non-business use then the amount of credit as attributable to exempt supplies or non-business use shall be reversed as per Rule 42/43 of the CGST Rules, 2017....
Read MoreGoods and Services Tax - Window open for cancellation of registration of migrated taxpayer and extension of date till December 31, 2017 Rule 24(4) of the CGST Rules, 2017, provides for cancellation of registration for those taxpayers who were not required to obtain registration as per GST Law provisions, but were migrated to GST as they were registered under the ...
Read MoreGoods 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 13th September 2018. Details of Initial and Subsequent Notifications :- S. No. Notification No. and Date...
Read MoreGoods and Services Tax - On 19th June 2017 CBEC released Six Central Tax notifications , two Integrated Tax notifications paving the way for implementation of GST with effect from 01st July 2017. In Addition to that it also released with Format GST Rules related to Advance Ruling , Anti Profiteering, Appeals and Revision, Assessment and Audit and E-way. Detai...
Read MoreGoods and Services Tax - Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application along with the documents in support of his request, electronically, in FORM GST ASMT-01 on the Common Portal, either directly or through a Facilitation Centre notified...
Read MoreGoods and Services Tax - Till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. ...
Read MoreGoods and Services Tax - Text of Final GST Appeals and Revision rules with Formats as released by GST Council on 19th June 2017. Chapter – Appeals and Revision 1. Appeal to the Appellate Authority (1) An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, along with […]...
Read MoreRe. P.B. Suresh Kumar, J (Kerala High Court) - The Kerala High Court, in M/S Indus Towers Limited Vs. The Assistant State Tax Officer, held that the power of detention contemplated under Section 129 of the SGST Act can be exercised only in respect of goods which are liable to be confiscated under Section 130 of the SGST Act....
Read MoreNotification No. 29/2018–Central Tax - (06/07/2018) - CBIC amends Rule 125, 129, 130,131 and 132 and renamed ‘Directorate General of Safeguards’ as ‘Directorate General of Anti-profiteering’ under Central Goods and Services Tax Rules, 2017 vide Notification No. 29/2018–Central Tax dated 6th July, 2018....
Read MoreNotification No. 26/2018–Central Tax - (13/06/2018) - (1) These rules may be called the Central Goods and Services Tax (Fifth Amendment) Rules, 2018. (2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette....
Read MoreNotification No. 55/2017–Central Tax - (15/11/2017) - 97A. Manual filing and processing. – Notwithstanding anything contained in this Chapter, in respect of any process or procedure prescribed herein, any reference to electronic filing of an application, intimation, reply, declaration, statement or electronic issuance of a notice, order or certificat...
Read MoreNotification No. 51/2017–Central Tax - (28/10/2017) - Provided that where the date for furnishing the details of outward supplies in FORM GSTR-1 for a tax period has been extended in exercise of the powers conferred under section 37 of the Act, the supplier shall furnish the information relating to exports as specified in Table 6A of FORM GSTR-1 after ...
Read MoreNotification No. 45/2017- Central Tax - (13/10/2017) - Issue of single Invoice cum bill of supply- Registered person supplying taxable as well as exempted goods or services or both to an unregistered person shall issue a single invoice-cum-bill of supply for all such supplies....
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Notification No. 29/2018–Central Tax - (06/07/2018) -
Notification No. 26/2018–Central Tax - (13/06/2018) -
Re. P.B. Suresh Kumar, J (Kerala High Court) -
Notification No. 55/2017–Central Tax - (15/11/2017) -
