Goods & Services Tax

GST – RCM on Security Services

January 5, 2019

RCM on Security Services has been introduced in GST by the Government vide Notification No. 29/2018-Central Tax (Rate) dated 31.12.2018. W.e.f. today i.e. 01.01.2019, any registered person receiving Security services (services provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST on reverse charge […]

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GST rates reduced in 31st Meeting of the GST Council held on 22nd December, 2018

December 22, 2018

GST Council in the 31 meeting held on 22 December, 2018 at New Delhi took following decisions relating to changes in GST rates on goods and services. The decisions of the GST Council have been presented in this note for easy understanding. The same would be given effect to through Gazette notifications/ circulars which shall […]

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Recommendations of 31 Meeting of the GST Council

December 22, 2018

The GST Council in its 31 meeting held at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities. A scheme of single authority for disbursement of the refund amount sanctioned by […]

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Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C

December 9, 2018

FORM GSTR-9 and FORM GSTR-9A have been notified videnotification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C has been notified vide notification no. 49/2018-Central Tax, dated 13.09.2018 as part of the CGST Rules. The competent authority has decided to extend the due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, […]

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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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