Goods & Services Tax

AAAR Kerala – Recovery of food expenses from employees for the canteen provided by company comes under the definition of outward supplies is taxable under GST Act

October 24, 2018

Order No. CT/7726/2018-C3 Dated: 25.09.2018 GST Act, 2017 – Appellate Authority for Advance Ruling U/s 99 of the Kerala State Goods and Services Tax Act, 2017 M/s. Caltech Polymers Pvt. Ltd., Malappuram (hereinafter called the appellant), a registered person with GSTIN 32AAACC9223AIZE had preferred an application for Advance Ruling on whether recovery of food expenses […]

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Clarification on last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018

October 19, 2018

There appears to be misgiving about the last date for taking input tax credit (ITC) in relation to invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018. Such uncertainty seems to stem from the Government’s decision to extend the last date for furnishing of details of outward […]

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GST on reverse charge U/S 9(4) suspended till 30th September 2019

August 6, 2018

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 22/2018 – Central Tax (Rate) New Delhi, the 6th August, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), […]

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GST Council approves Simplified Returns

July 22, 2018

GST Council in its 28th meeting held on 21st of July, 2018 in New Delhi, approved the new return formats and associated changes in law. It may be recalled that in the 27th meeting held on 4th of May, 2018 the Council had approved the basic principles of GST return design and directed the law […]

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GST council met on 21st July 2018 and took certain important decisions

July 22, 2018

ON GST RATE ON GOODS AS RECOMMENDED BY THE GST COUNCIL IN ITS 28th MEETING HELD ON 21.07.2018. I. GST rates reduction on 28% items: A. 28% to 18%  Paints and varnishes (including enamels and lacquers)  Glaziers’ putty, grafting putty, resin cements  Refrigerators, freezers and other refrigerating or freezing equipment including water […]

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Clarification for OEM owned moulds and dies sent on FOC basis to Component Manufacturer

June 11, 2018

Circular No. 47/21/2018-GST 08th June, 2018 Important clarification for OEM owned moulds and dies sent on FOC basis Issue:-Whether moulds and dies owned by Original Equipment Manufacturers (OEM) that are sent free of cost (FOC) to a component manufacturer is leviable to tax and whether OEMs are required to reverse input tax credit in this […]

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GST on sale of used Cars

May 28, 2018

GST Liability on used Cars Government by issuing the Notification No. 8/2018 Central Tax Rate read with state Tax Notification, reduced the Rate of GST on old and used vehicle as follows: 1. GST-18% on Old and used, petrol Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity of 1200 cc or […]

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GST Council approves principles for filing of new return design

May 5, 2018

GST Council in its 27 meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification. The key elements of the new return design are as follows – i. Onemonthly Return:All taxpayers excluding a few exceptions like composition dealer shall file one monthly return. Return […]

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Clarification on Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017

April 29, 2018

Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017 A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill To Ship To” model of supplies. In a typical “Bill To Ship To” model of supply, there are three persons involved in a transaction, […]

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Central Goods and Services Tax (Fourth Amendment) Rules, 2018.

April 19, 2018

G.S.R……(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Central Goods and Services Tax (Fourth […]

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