Goods and Services Tax - The last date for filing of Annual return in FORM GSTR-9 for the FY 2017-18 is 31st August 2019 and many professionals facing lot of Confusion regarding Presentation purpose in different tables of GSTR 9 specially in case of transactions shown in GSTR 3B of 2018-19 which are pertaining to FY 2017-18. So What will […]...
Read MoreGoods and Services Tax - Out of many controversial issues under GST, one of the most discussed issues is applicability of GST ocean freight under reverse charge mechanism (in case of goods imported on CIF basis). Some of the professional are of the view that pay tax under reverse charge mechanism and take the credit of it. However, it is […]...
Read MoreGoods and Services Tax - A Quick Understanding on Reverse Charge Mechanism (RCM) on Goods Transport Agency (GTA) Services It has been more than a couple of years since GST was launched on 1st July 2017 but the organisations are yet to get settled down and adopt it with full clarity. Since the time GST was rolled out, there have […]...
Read MoreGoods and Services Tax - GENERAL INFORMATION Annual Return once filed can not be revised Each Registered dealer who are liable to file GSTR-1 & 3B are liable to file Annual Return, Even Nil Annual return is required to be filed. Liability Can be discharge but ITC can not be claimed through Annual Return. Annual return to be filled on […]...
Read MoreGoods and Services Tax - The concept of reverse charge mechanism was introduced in erstwhile Service Tax laws. Generally, tax is payable by the person who provides Services but under reverse charge mechanism the liability to pay tax has shifted to recipient of Services. ...
Read MoreGoods and Services Tax - ICAI has submitted that the provisions for levy of taxes under the reverse charge mechanism applicable to a registered person, effecting an inward supply from an unregistered person, can be implemented in a phased manner and it also suggested that GST Council / Government may consider amending the law and enhance the knowledge of stakehol...
Read MoreIn re M/s Vinayak Stone Crusher (GST AAR Rajasthan) - In re M/s Vinayak Stone Crusher (GST AAR Rajasthan) a. The service provided by the State of Rajasthan to the applicant for which royalty is being paid is classifiable under 997337. b. The rate of GST on service provided by the State of Rajasthan to the applicant for which royalty is being paid is 1...
Read MoreIn re Jalaram Feeds (GST AAR Maharashtra) - In re Jalaram Feeds (GST AAR Maharashtra) Applicant has stated that they require services of Goods Transport Agency like any other business. Applicant being a recipient of supply is liable to pay tax under reverse charge basis and as per Section 9(4) of the Act, all the provisions of this act shall ...
Read MoreIn re Ms. Famous Studios Ltd. (GST AAR Maharastra) - In re Ms. Famous Studios Ltd. (GST AAR Maharastra) Question:- 1. Whether the exemption from payment of GST on reverse charge basis under section 9(4) of the CGST Act / SGST Act for receipt of supply of goods and / or services by us from an unregistered person is applicable irrespective of any thresh...
Read MoreIn re M/s. Chambal Fertilizers And Chemicals Limited (GST AAR Rajasthan) - In re M/s Chambal Fertilizers And Chemicals Limited (GST AAR Rajasthan) a. The applicant is liable to pay IGST on transportation of goods by vessel under Reverse Charge Mechanism (RCM) under Notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017. b. Regarding exclusion of any component of ...
Read MoreIn re Visvesvaraya National Institute Of Technology (GST AAR Maharashtra) - In re Visvesvaraya National Institute Of Technology (GST AAR Maharashtra) We find that in the present application as per submissions made before us, the applicant is recipient of service and not service providers and also that these services are not under reverse charge mechanism. The notification a...
Read MoreNotification No. 08/2019- Integrated Tax (Rate) - (29/03/2019) - Notification No. 08/2019- Integrated Tax (Rate)– Seeks to amend notification No. 1/2017- Integrated Tax (Rate) so as to notify IGST rate of certain goods as recommended by Goods and Services Tax Council for real estate. Government of India Ministry of Finance (Department of Revenue) Notifica...
Read MoreNotification No. 05/2019- Integrated Tax (Rate) - (29/03/2019) - Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector. Government of India Ministry of Finance (Department of Revenue) Notification No. 05/2019-...
Read MoreNotification No. 05/2019- Central Tax (Rate) - (29/03/2019) - Notification No. 05/2019- Central Tax (Rate)– Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector. Government of India Ministry of Finance ...
Read MoreNotification No. 23/2018 – Integrated Tax (Rate) [G.S.R. 744(E)] - (06/08/2018) - Reverse charge Mechanism (RCM) under section 5(4) of the IGST Act, 2017, for procurement from unregistered dealer’s deferred till 30.09.2019 vide Notification No. 23/2018 – Integrated Tax (Rate) Dated: 6th August, 2018. ...
Read MoreNotification No. 22/2018 –Union Territory Tax (Rate) [G.S.R. 742 (E)] - (06/08/2018) - Reverse charge Mechanism (RCM) under section 7(4) of the UTGST Act, 2017, for procurement from unregistered dealer’s deferred till 30.09.2019 vide Notification No. 22/2018 –Union Territory Tax (Rate) Dated: 6th August, 2018....
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In re M/s Vinayak Stone Crusher (GST AAR Rajasthan) -