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Goods and Services Tax - 1. The provisions of CGST/SGST Act, enables a taxpayer to claim for a refund of the tax levied on the particular supply of Goods and Services. Likewise, a person having GSTregistration can claim for refundon tax paid for the intra-state supply which is consequently held to be inter-state supply and vice versa. 2. The applicant […...
Read MoreGoods and Services Tax - Under section 16 of IGST Act 2017, exports are considered as zero rated supplies. Zero rated supplies means where the GST burden on both inputs and outputs is zero. This is mainly to make Indian Goods and Services competitive in the international market. GST Act has prescribed ways to achieve this mainly. 1. Export of […]...
Read MoreGoods and Services Tax - For Exporter, refund of GST is available under Section 54 of CGST and SGST Act. Refund is available in following cases 1) IGST paid on Zero rated supplies 2) Tax paid on inputs for Zero rated supplies (Export supplies) 3) Inverted Duty Structure 4) If taxable person has paid excess tax by mistake 5) Excess […]...
Read MoreGoods and Services Tax - CBDT has recently issued Notification No. 09/2020– Central Tax on 16/03/2020, Notification No. 10/2020–Central Tax to Notification No. No. 14/2020–Central Tax on 21st March 2020 and Notification No. 15/2020-Central Tax to Notification No. 29/2020-Central Tax on 23/03/2020. In addition to that CBIC issued one Central Tax Circulars ...
Read MoreGoods and Services Tax - Supply of goods or Services IN GST has to determine whether the supply is 1. Inter-state Supply or 2. Intra-state Supply in GST which is After the Above segregation one can determine the right taxes on the supply which is as follows: 1. if it is Inter- State Supply —— > Tax – IGST 2. […]...
Read MoreGoods and Services Tax - GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GST Return and to provide clarification related to GST on Various Services in its 31st GST Council Meeting held on 22nd December 2018. To [&he...
Read MoreGoods and Services Tax - CBIC extended Due date for filing of Annual return for FY 2017-18 in FORMs GSTR-9, GSTR-9A and GSTR-9C extended to 31st March, 2019 vide Press Release Dated 7th December, 2018. Official Order is expected today. FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C ha...
Read MoreGoods and Services Tax - Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017. ...
Read MoreGoods and Services Tax - CHARGEWISE LIST OF HELP-DESK OFFICERS FOR THE PURPOSE OF HELP DESK SERVICE REGARDING MATTERS RELATED TO GST Name of Charge Name of Officer Designation VOIP Number Email address SALT LAKE ABHIJIT CHATTERJEE JCCT 7122-1592 jc-st.ctd-wb@wbcomtax.gov.in BANIKU MAR CHAKRABORTY STO 7122-1610 bani.k.chakraborty@wbcomtax.gov.in SAMIR KUMAR JANA S...
Read MoreGoods and Services Tax - With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act 2017, the following has been decided :-...
Read MoreAbicor 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 MoreJ 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 MoreNotification No. GST-1020/C.R.15A/Taxation 1. EO No. 115 - (21/05/2020) - Seeks to amend Notification No. GST. 1017/C.R. 94(B)/Taxation-1, Dated 21.6.2017 (regarding sub-ordination of the officers appointed under MGST Act, 2017) FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 21 st May, 2020. NOTIFICATION MAHARASHTRA GOODS A...
Read MoreNotification No. GST-1020/C.R.15/Taxation 1. EO No. 115 - (21/05/2020) - Seeks to authorizes the officers under MGST Act 2017, as the Revisional Authority for revision of decision or orders as referred in section 108 of MGST Act FINANCE DEPARTMENT Madam Cama Marg, Hutatma Raiguru Chowk, Mantralaya, Mumbai 400032, dated the 21 st May, 2020. NOTIFICATION MAHARASHTRA GOODS ...
Read MoreNo. F.12(46)FD/Tax/2017-PtN-146 - (23/03/2020) - Rajasthan Government decided to provide reimbursement of State Tax (SGST) due and deposited by hotels and tour operators registered under Rajasthan Goods and Services Tax Act, 2017 vide its order dated 23-03-2020. GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (TAX DIVISION) ORDER No. F.12(46)FD/Tax/2...
Read MoreTrade Circular No. 05 T of 2020 - (19/03/2020) - As you are aware, several cases of monetization of credit fraudulently obtained or ineligible credit through refund of Integrated Goods & Service Tax (IGST) on exports of goods have been detected in past few months. On verification, several such exporters were found to be non-existent in a number of...
Read MoreNotification No. 01/2020 - State Tax - (20/02/2020) - The proposed GST Grievance Redressal Committee is to consist of the Chief Commissioner of Central Tax (Co-chair), Commissioner of State Tax (Co-chair), Representatives of Trade Associations upto 12 nos., Representatives of prominent Associations of Tax professionals upto 4 nos., Central and State N...
Read MoreNotification No. GST-1020/C.R.15A/Taxation 1. EO No. 115 - (21/05/2020) -
Notification No. GST-1020/C.R.15/Taxation 1. EO No. 115 - (21/05/2020) -
No. F.12(46)FD/Tax/2017-PtN-146 - (23/03/2020) -
Trade Circular No. 05 T of 2020 - (19/03/2020) -
Notification No. 01/2020 - State Tax - (20/02/2020) -
