GST

Analysis- Special Audit under GST

Goods and Services Tax - Special Audit under GST helps the GST officers to take the assistance of chartered/ cost accountant to determine tax liabilities in complex cases. As a result, professional expertise of a chartered/ cost ensures the government interest in the lawful and legal way for safety....

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GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s

Goods and Services Tax - GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s Section 2 (19) of Integrated Goods and Services Tax Act, 2017 “Special Economic Zone” shall have the same meaning as assigned to it in clause (za) of section […]...

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Technical Guide on Annual Return and GST Audit

Goods and Services Tax - ICAI has come out with this ‘Technical Guide on Annual Return & GST Audit’. This Guide has been comprehensively designed and contains clause-by-clause analysis of Form GSTR-9, 9A and Form GSTR -9C....

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GST on Traders

Goods and Services Tax - This article has been written with a view to educate traders of the key highlights from the GST Laws that would have a bearing on the business carried on by them and to elicit comments, initiate debates and provide a basic understanding to the reader. It is fondly hoped that this article would provide to […]...

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Service Tax or GST for Development Agreements entered during pre GST period

Goods and Services Tax - Introduction In the case of construction projects, it is common to enter into development agreements where the developer undertakes to develop property (residential / commercial) in exchange for the development rights given by landlord. Consideration for such development rights is determined based on some agreed ratio of constructed area ...

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GSTR-3B for Sept 2018 Due date extended to 25th Oct 2018

Goods and Services Tax - On account of apprehensions by trade & industry relating to last date for availment of ITC for the period July 2017 to March 2018 & with a view to give more time for the same, the last date for furnishing GSTR-3B for Sept.,2018 is being extended up to 25th Oct.2018. Relevant notification will follow shortly […]...

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GST Portal Issues – Nightmare for Taxpayers / Tax consultants

Goods and Services Tax - GST Council Chairman requested to take up the issues on GST Website strongly with his IT team to understand all problems in details; take a SHUTDOWN of portal for 48 to 96 hours if necessary, fix all bugs, conduct exhaustive and vigorous testing of portal, resolve all tickets logged till date and make the system stake holder friendly. Ful...

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Request for Extension of due date of GSTR 3B

Goods and Services Tax - Request to extend the due date of filing of GSTR 3B for the month of September’ 2018 till 31st December 2018, so that the ITC of FY 2017-18 can’t lapsed and further to make it in tune with due date of filing of Annual Return as mentioned in provision of sec. 16(4) OR in alternate would be pleased to forward before GST Council....

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Online GST Amendment Batch – Oct 2018 (Registration Open)

Goods and Services Tax - TaxGuru and GST Professionals announces its short batch covering GST Audit and Annual Return with detailed Amendments - Oct 2018. Batch start date 28th October’ 2018. ...

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14 suggestions on Form GSTR- 9 by ICAI

Goods and Services Tax - The Institute of Chartered Accountants of India Suggestions on GST Annual Return form- September, 2018 Suggestions on Form GSTR- 9 1. General Issue : Issue A : The information in GSTR-9 , Table 4, 10 & 11 instruction indicate data “May be” taken from GSTR-1, however, table headings uses the word as declared in the [&hellip...

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GST on supply of food to employees for consideration in Canteen run by Company

M/s. Caltech Polymers Pvt. Ltd. (GST AAAR Kerala) - The supply of food items to the employees for consideration in the canteen run by the appellant company would come under the definition of 'supply' and would be taxable under GST....

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Electro Ink supplied along with consumables is a mixed supply

In re HP India Sales Private Limited (GST AAR Maharashtra) - In re HP India Sales Private Limited (GST AAR Maharashtra) Question :-1. Classification of Electro Ink supplied along with consumables under GST Answer:- The supply of Electro Ink supplied along with consumable is a mixed supply as defined u/s section 2 (74) of the GST Act and is also a continuous s...

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Ada is taxable @5% under GST: AAAR

M/s. Ramachandran Bror (GST AAAR Kerala) - M/s. Ramachandran Bror (GST AAAR Kerala) Product, “Ada”, in sum and substance, is something akin, i.e., similar in character to Vermicelli. Both are made from `maida or rice flour’ or `maida and rice flour’ and are manufactured through an identical process and ada is used for...

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GST on movement of goods from HO to branches in other states for further supply of goods on hire

In re Sanghvi Movers Limited (GST AAR Maharashtra) - Circular No.21/21/2017 - IGST which exempts from tax interstate movement of rigs, tools, spares, and all goods on wheels [ like cranes ] where interstate movement of such goods is not for further supply of same goods is not applicable to the facts of present transaction as in the present case inters...

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Comprehensive AMC is a composite part of supply & can be taxed: AAR

In Re G.E. Diesel Locomotive (P) Ltd. (GST AAR Uttar Pradesh) - (a) Whether supply of comprehensive annual maintenance service which may also involve incidental supply of spare parts/goods should be classified as a composite supply or mixed supply? (b) In case the said contract is considered as composite supply, what is the principal supply between goods or serv...

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Maharashtra Goods and Services Tax (Amendment) Ordinance, 2018

Maharashtra Ordinance No. XXII of 2018 - (13/10/2018) - The Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017) has been enacted with a view to make a provision for levy and collection of tax on intra-State supply of goods or services or both....

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IGST refunds cannot be claimed after claiming drawback

F.No. 450/119/2017-Cus IV - (09/10/2018) - It has been noted that exporters had availed the option to take drawback at higher rate in place of IGST refund out of their own volition. Considering the fact that exporters have made aforesaid declaration while claiming the higher rate of drawback, it has been decided that it would not be justifie...

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Principal-agent relationship under Schedule I of HGST Act

Memo No 3332/GST-2 - (09/10/2018) - In terms of Schedule I of Haryana Goods and Services Tax Act, 2017, supply of goods by an agent on behalf of the principal without consideration has been deemed to be a supply. ...

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IGST refund to exporters receiving capital goods under EPCG scheme

Notification No. 54/2018 – Central Tax - (09/10/2018) - Seeks to make amendments (Twelfth Amendment, 2018) to the CGST Rules, 2017. This notification amends rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10). CBIC ame...

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Central Goods and Services Tax (Eleventh Amendment) Rules, 2018

Notification No. No. 53/2018–Central Tax [G.S.R. 1007(E)] - (09/10/2018) - 1. (1) These rules may be called the Central Goods and Services Tax (Eleventh Amendment) Rules, 2018. (2) They shall be deemed to have come into force with effect from the 23rdOctober, 2017....

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Recent Posts in "GST"

Analysis- Special Audit under GST

Special Audit under GST helps the GST officers to take the assistance of chartered/ cost accountant to determine tax liabilities in complex cases. As a result, professional expertise of a chartered/ cost ensures the government interest in the lawful and legal way for safety....

Read More

GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s

GST on Special Economic Zone & one case study on SEZ relating to impacts of GST on Supply of Services provided by SEZ Developer to SEZ Unit/s Section 2 (19) of Integrated Goods and Services Tax Act, 2017 “Special Economic Zone” shall have the same meaning as assigned to it in clause (za) of section […]...

Read More

GST on supply of food to employees for consideration in Canteen run by Company

M/s. Caltech Polymers Pvt. Ltd. (GST AAAR Kerala)

The supply of food items to the employees for consideration in the canteen run by the appellant company would come under the definition of 'supply' and would be taxable under GST....

Read More

GSTR-3B for Sept 2018 Due date extended to 25th Oct 2018

On account of apprehensions by trade & industry relating to last date for availment of ITC for the period July 2017 to March 2018 & with a view to give more time for the same, the last date for furnishing GSTR-3B for Sept.,2018 is being extended up to 25th Oct.2018. Relevant notification will follow shortly […]...

Read More

GST Portal Issues – Nightmare for Taxpayers / Tax consultants

GST Council Chairman requested to take up the issues on GST Website strongly with his IT team to understand all problems in details; take a SHUTDOWN of portal for 48 to 96 hours if necessary, fix all bugs, conduct exhaustive and vigorous testing of portal, resolve all tickets logged till date and make the system stake holder friendly. Ful...

Read More

Electro Ink supplied along with consumables is a mixed supply

In re HP India Sales Private Limited (GST AAR Maharashtra)

In re HP India Sales Private Limited (GST AAR Maharashtra) Question :-1. Classification of Electro Ink supplied along with consumables under GST Answer:- The supply of Electro Ink supplied along with consumable is a mixed supply as defined u/s section 2 (74) of the GST Act and is also a continuous supply of goods as […]...

Read More

Request for Extension of due date of GSTR 3B

Request to extend the due date of filing of GSTR 3B for the month of September’ 2018 till 31st December 2018, so that the ITC of FY 2017-18 can’t lapsed and further to make it in tune with due date of filing of Annual Return as mentioned in provision of sec. 16(4) OR in alternate would be pleased to forward before GST Council....

Read More

Ada is taxable @5% under GST: AAAR

M/s. Ramachandran Bror (GST AAAR Kerala)

M/s. Ramachandran Bror (GST AAAR Kerala) Product, “Ada”, in sum and substance, is something akin, i.e., similar in character to Vermicelli. Both are made from `maida or rice flour’ or `maida and rice flour’ and are manufactured through an identical process and ada is used for giving richness to certain regional var...

Read More

GST on movement of goods from HO to branches in other states for further supply of goods on hire

In re Sanghvi Movers Limited (GST AAR Maharashtra)

Circular No.21/21/2017 - IGST which exempts from tax interstate movement of rigs, tools, spares, and all goods on wheels [ like cranes ] where interstate movement of such goods is not for further supply of same goods is not applicable to the facts of present transaction as in the present case interstate movement of goods from SML HO in Ma...

Read More

Comprehensive AMC is a composite part of supply & can be taxed: AAR

In Re G.E. Diesel Locomotive (P) Ltd. (GST AAR Uttar Pradesh)

(a) Whether supply of comprehensive annual maintenance service which may also involve incidental supply of spare parts/goods should be classified as a composite supply or mixed supply? (b) In case the said contract is considered as composite supply, what is the principal supply between goods or services?...

Read More

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