IGST

Sequence to Set off Input tax credit in GST

Goods and Services Tax - If we have IGST credit available with us then first of all we will have to set off IGST payable from this IGST credit and even after that If we have enough of IGST credit left then this IGST credit first will be used to set off CGST liability and if again we have some IGST credit left with us then set off SGST liability from it....

Read More

E-way Bill for Import Transactions

Goods and Services Tax - e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. ...

Read More

Sale in the Course of Import

Goods and Services Tax - Goods imported into India are cleared for home consumption by payment of custom duty under Section 12 of the Customs Act, 1962 on the value determined under Section 14 of the Act....

Read More

Alternative mechanism to issued IGST refunds in case of refund stuck due to invoice mismatch SB005

Goods and Services Tax - Ministry of Finance, Government of India on 23rd February 2018 issued a circular no. 05/2018-Customs providing alternative mechanism with Officer Interface in case of Refund of IGST on Export stuck due to Invoice mis-match (Code SB005)....

Read More

Advisory on Refund of IGST paid on Exports of Goods with Payment of Tax

Goods and Services Tax - This is with reference to the processing of invoices of GSTR 1 pertaining to the export of goods with payment of IGST by the GST System, and transmission of validated invoices to ICEGATE for refund of IGST paid on exports of goods. ...

Read More

CBEC issues 28 GST Tax Rate Notifications on 25.01.2018

Goods and Services Tax - CBEC has issued  9 UTGST Tax Rate Notification, 10 Integrated Tax (Rate) Notification and 9 Central Tax (Rate) Notifications which in total amount to 27 Notifications to give effect to Changes in GST Rate and its related Provisions as recommended by 25th GST Council Meeting on 18.01.2018. List of Such notifications is as follows :- [&hel...

Read More

CBEC issues 9 New Notifications and 4 New Press Release

Goods and Services Tax - CBEC has issued four Press Release on 22.01.2018 clarifying the Following- GST exemption on ticket price up to Rs. 500 of circus, dance, award etc. wef 25.01.2018 Changes in GST on Housing Sector WEF 25.01.2018 GST on services provided by Resident Welfare Associations wef 25.01.2018 Amendment in GST rate on admission to amusement parks et...

Read More

Budgetary support for cash component of CGST and IGST for eligible industrial units

Goods and Services Tax - Scheme of budgetary support for cash component of CGST and IGST for eligible industrial units for residual period in States of North Eastern region and Himalayan states ...

Read More

Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Goods and Services Tax - Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

Read More

Govt reduces GST rate on 28 type of goods and provided IGST exemption on few goods

Goods and Services Tax - As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain Goods and IGST rates on Imports of specified Goods have been recommended. Krishan Arora, Partner, Grant Thornton India LLP on the GST Council [&hel...

Read More

GST payable on Overseas Education Advisory to students in India: AAR

In re Global Reach Education Services Pvt Ltd (Advance Rulings) - The Applicant states that it provides Overseas Education Advisory whereby it promotes the courses of foreign universities among prospective students and wants a ruling on whether the service provided to the Universities abroad is to be considered export within the meaning of Section 2(6) of the Inte...

Read More

GST regime is not tax friendly & GST Website must provide easy access to Taxpayer: Bombay HC

Abicor and Binzel Technoweld Pvt. Ltd. V/s Union of India and Anr. (Bombay High Court) - A tax like Goods and Services Tax was highly publicised and termed as popular. We had yet not seen a celebration of New Tax regime, but that has followed with great hue and cry. These celebrations mean nothing. The special sessions of Parliament or special or extraordinary meetings of Council would ...

Read More

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, ...

Read More

IGST on Services Provided to Head Office abroad challenged in HC

DBS Bank Limited India Branches Vs Union of India & Anr (Delhi High Court) - Notice. Mr. Sanjeev Narula, the learned CGSC accepts notice for Respondent No.1 and Mr. Harpreet Singh, Sr. Standing Counsel accepts notice for Respondent No.2. Reply be filed on or before 17th October, 2017 and rejoinder, if any, be filed before the next of hearing....

Read More

GST on legal services lacks clarity and creating doubts: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - In this case Delhi High Court held that as of date there is no clarity on whether all legal services (not restricted to representational services) provided by legal practitioners and firms would be governed by the reverse charge mechanism. ...

Read More

Problems encountered in sanction or IGST refund

F. No. 450/36/2018-Cus IV - (28/03/2018) - Wherever information provided in GSTR I is incorrect or insufficient, exporters have been given the option to rectify the same through Table 9A of GSTR 1. The modification done through Table 9A have been transmitted by GSTN to Customs EDI system. ...

Read More

Reverse charge mechanism u/s 5(4) of IGST Act suspended till 30.06.2018

Notification No. 11/2018 – Integrated Tax (Rate) - (23/03/2018) - Reverse charge mechanism- Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.06.2018 vide Notification No. 11/2018 – Integrated Tax (Rate)...

Read More

Refund of IGST on Export – EGM Error related cases

Circular No. 06/2018-Customs - (16/03/2018) - IGST Refund module for exports is operational in ICES from 10.10.2017. The module has an inbuilt procedure to automatically grant refund after validating the Shipping Bill data available with Customs against the GST Returns data available with GSTN....

Read More

Special Drive to liquidate all pending IGST refund claims

Trade Notice No. 04/2018 - (15/03/2018) - Special Drive to liquidate all pending IGST Refunds by observing a special drive IGST Refunds Fort-night beginning from 15-3-2018 to 29-3 2018....

Read More

IGST Refund not disbursed due to PFMS error – reg

Public Notice No. 38/2018-JNCH - (12/03/2018) - It has come to notice that after generation of IGST Refund Scroll through ICES, in some cases the IGST Refund could not be disbursed due to IFSC not being accepted by PFMS/not registered at PFMS. The list of such IEC holders whose IGST Refund has not been disbursed due to PFMS error is being uploade...

Read More

Recent Posts in "IGST"

GST payable on Overseas Education Advisory to students in India: AAR

In re Global Reach Education Services Pvt Ltd (Advance Rulings)

The Applicant states that it provides Overseas Education Advisory whereby it promotes the courses of foreign universities among prospective students and wants a ruling on whether the service provided to the Universities abroad is to be considered export within the meaning of Section 2(6) of the Integrated Goods and Services Act...

Read More

Sequence to Set off Input tax credit in GST

If we have IGST credit available with us then first of all we will have to set off IGST payable from this IGST credit and even after that If we have enough of IGST credit left then this IGST credit first will be used to set off CGST liability and if again we have some IGST credit left with us then set off SGST liability from it....

Read More

E-way Bill for Import Transactions

e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. ...

Read More

Problems encountered in sanction or IGST refund

F. No. 450/36/2018-Cus IV (28/03/2018)

Wherever information provided in GSTR I is incorrect or insufficient, exporters have been given the option to rectify the same through Table 9A of GSTR 1. The modification done through Table 9A have been transmitted by GSTN to Customs EDI system. ...

Read More

Reverse charge mechanism u/s 5(4) of IGST Act suspended till 30.06.2018

Notification No. 11/2018 – Integrated Tax (Rate) (23/03/2018)

Reverse charge mechanism- Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.06.2018 vide Notification No. 11/2018 – Integrated Tax (Rate)...

Read More

Sale in the Course of Import

Goods imported into India are cleared for home consumption by payment of custom duty under Section 12 of the Customs Act, 1962 on the value determined under Section 14 of the Act....

Read More

Refund of IGST on Export – EGM Error related cases

Circular No. 06/2018-Customs (16/03/2018)

IGST Refund module for exports is operational in ICES from 10.10.2017. The module has an inbuilt procedure to automatically grant refund after validating the Shipping Bill data available with Customs against the GST Returns data available with GSTN....

Read More

Special Drive to liquidate all pending IGST refund claims

Trade Notice No. 04/2018 (15/03/2018)

Special Drive to liquidate all pending IGST Refunds by observing a special drive IGST Refunds Fort-night beginning from 15-3-2018 to 29-3 2018....

Read More

IGST Refund not disbursed due to PFMS error – reg

Public Notice No. 38/2018-JNCH (12/03/2018)

It has come to notice that after generation of IGST Refund Scroll through ICES, in some cases the IGST Refund could not be disbursed due to IFSC not being accepted by PFMS/not registered at PFMS. The list of such IEC holders whose IGST Refund has not been disbursed due to PFMS error is being uploaded on the JNCH website (jawaharcustoms.go...

Read More

All about Online submission of Letter of Undertaking under GST Regime

Trade Cir. No. 10T of 2018 (28/02/2018)

INSTRUCTIONS TO FILE LUT ONLINE - The registered person who desires to make zero rated supply of goods or services or both without payment of the Integrated Tax (IGST) shall file an application at GSTN portal in FORM GST RFD-11 (as notified under rule 96A of the MGST Rules vide Notification-State tax dated 1st July 2017 and as amended fro...

Read More
Page 1 of 1912345...10...Last »

Browse All Categories

CA, CS, CMA (3,649)
Company Law (3,703)
Custom Duty (6,856)
DGFT (3,607)
Excise Duty (4,105)
Fema / RBI (3,405)
Finance (3,621)
Income Tax (26,734)
SEBI (2,834)
Service Tax (3,326)

Search Posts by Date

April 2018
M T W T F S S
« Mar    
 1
2345678
9101112131415
16171819202122
23242526272829
30