GST

Updated GST on Goods Rate Rate Chart Updated till 15.11.2017

Goods and Services Tax - Updated scheduled CGST rates on goods, as on 15.11.2017 For ease of reference only The CGST rates on certain goods have undergone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. A need has been felt to publish a consolidated rate schedule in a […]...

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Updated Integrated Goods and Services Tax (IGST) Rules, 2017 till 15.11.2017

Goods and Services Tax - Integrated Goods and Services Tax (IGST) Rules, 2017 as updated till 15th November 2017. Integrated Goods and Services Tax (IGST) Rules, 2017 are Notified vide Notification No. 4/2017-Integrated Tax (Dated 28th June 2017) and further amended by Notification No. 12/2017-Integrated Tax (Dated 15th November, 2017) Government of India Ministr...

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A practical analysis- Composition now becomes more attractive

Goods and Services Tax - In GST, different tax rates are prescribed for different goods (0, 5%, 12%, 18%, ) whereas a composition dealer has to pay tax at a single fixed rate. Till now, composition rate applicable to traders was 1% and that for manufacturers was 2%. But now it has been decided to revise the rate for manufacturers also to 1%....

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GST: Anti-Profiteering Measures, Are We On Track?

Goods and Services Tax - The concept of Anti-profiteering is relatively new in GST, as only two countries - Australia and Malaysia have introduced anti-profiteering mechanism while implementing GST in their countries. Hence, in absence of history, it is difficult to understand exact impact of Anti-profiteering mechanism in GST regime....

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Zero Rated Supplies – How to claim Refunds Manually ?

Goods and Services Tax - Supply has been defined as an inclusive definition under GST laws which includes –– 1. All forms of supply of goods or services or both for a consideration include sale, transfer, exchange, rental, lease or disposal made or agreed to be made by a person in the course or furtherance of business; 2. Import of […]...

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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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Last 2 days 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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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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178 Items on which GST rate has been brought down from 28% to 18%

Goods and Services Tax - GST Rate Changes Come into effect on 178 items where rate has been brought down from 28% to 18%; Consumers may take note of reduction in Price/MRP on these Goods...

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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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Refund of unutilized input tax credit of GST to exporters of fabrics

Circular No. 18/18/2017-GST - (16/11/2017) - Doubts have been raised regarding the restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics [falling under chapters 50 to 55 and 60 and headings 5608, 5801, 5806] under GST....

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Procedure for Manual filing & processing of GST refund claims

Circular No. 17/17/2017 - GST - (15/11/2017) - Due to the non-availability of the refund module on the common portal, it has been decided by the competent authority, on the recommendations of the Council, that the application/document/forms pertaining to refund claims on amount of zero-rated supplies shall be filed and processed manually till fu...

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Apportionment of IGST with respect to advertisement services

Notification No. 12/2017 – Integrated Tax - (15/11/2017) - The proportion of value attributable to different States or Union territories, in the case of supply of advertisement services to the Central Government, a State Government, a statutory body or a local authority. under sub section (14) of section 12 of the Integrated Goods and Services Tax Act, 2017...

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CBEC exempt from payment of tax on advances received in case of supply of goods

Notification No. 66/2017-Central Tax - (15/11/2017) - CG 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 central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including...

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Seeks to exempt suppliers of services through an e-commerce platform from obtaining compulsory registration

Notification No. 65/2017-Central Tax - (15/11/2017) - An electronic commerce operator who is required to collect tax at source under section 52 of the said Act, and having an aggregate turnover, to be computed on all India basis, not exceeding an amount of twenty lakh rupees in a financial year, as the category of persons exempted from obtaining regist...

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Recent Posts in "GST"

Updated GST on Goods Rate Rate Chart Updated till 15.11.2017

Updated scheduled CGST rates on goods, as on 15.11.2017 For ease of reference only The CGST rates on certain goods have undergone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. A need has been felt to publish a consolidated rate schedule in a […]...

Read More

Updated Central Goods and Services Tax Rules, 2017 till 15.11.2017

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 ...

Read More

Updated Integrated Goods and Services Tax (IGST) Rules, 2017 till 15.11.2017

Integrated Goods and Services Tax (IGST) Rules, 2017 as updated till 15th November 2017. Integrated Goods and Services Tax (IGST) Rules, 2017 are Notified vide Notification No. 4/2017-Integrated Tax (Dated 28th June 2017) and further amended by Notification No. 12/2017-Integrated Tax (Dated 15th November, 2017) Government of India Ministr...

Read More

Last 2 days to register for Online GST Certification course

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...

Read More

A practical analysis- Composition now becomes more attractive

In GST, different tax rates are prescribed for different goods (0, 5%, 12%, 18%, ) whereas a composition dealer has to pay tax at a single fixed rate. Till now, composition rate applicable to traders was 1% and that for manufacturers was 2%. But now it has been decided to revise the rate for manufacturers also to 1%....

Read More

GST: Anti-Profiteering Measures, Are We On Track?

The concept of Anti-profiteering is relatively new in GST, as only two countries - Australia and Malaysia have introduced anti-profiteering mechanism while implementing GST in their countries. Hence, in absence of history, it is difficult to understand exact impact of Anti-profiteering mechanism in GST regime....

Read More

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

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...

Read More

Zero Rated Supplies – How to claim Refunds Manually ?

Supply has been defined as an inclusive definition under GST laws which includes –– 1. All forms of supply of goods or services or both for a consideration include sale, transfer, exchange, rental, lease or disposal made or agreed to be made by a person in the course or furtherance of business; 2. Import of […]...

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Provide option to Revise Form GSTR-3B- 94% Taxpayer demands

We have recently created a poll in which we asked our readers Do you think GST Council should provide option to Revise Form GSTR-3B?  In Response to our poll we got 1165 votes, 88 Replies, 35 Likes and 38 Retweets. Out of total votes 94% of Taxpayers / Tax Professionals in India votes in favour of Option to Revise Form GSTR-3B....

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How to Apply for GST Registration as a Non-resident Taxable Person

What are the steps involved in applying for Registration as a Non-resident Taxable Person on the GST Portal? For registering yourself as a Non-resident Taxable Person on the GST Portal, perform the following steps:...

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