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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Condonation of Delay Scheme, 2018 Extended up to 1st May 2018

April 29, 2018

To, All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Condonation of Delay Scheme, 2018 Sir, In continuation to the Ministry’s General Circular No. 16/2017 dated 29/12/2017 and General Circular No. 02/2018 dated 28.03.2018 on the subject cited above and to state that the closing date of the scheme viz. 30.04.2018 is falling under […]

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Companies (Share Capital and Debentures) Amendment Rules, 2018.

April 22, 2018

[To published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 10.04.2018 G.S.R. __ (E).- In exercise of the powers conferred by sub-sections (I) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes […]

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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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GST – Clarifications regarding processing of refund applications for UIN agencies

April 13, 2018

To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam / Sir, Subject: Queries regarding processing of refund applications for UIN agencies The Board vide Circular No. 36/10/2017 dated 13th March, 2018 clarified and specified the detailed procedure for UIN refunds. After issuance of the […]

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GST – Procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances –Reg.

April 13, 2018

To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)/The Principal Directors General/ Directors General (All) Madam/Sir, Subject: Procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances –Reg. Sub-section (1) of section 68 of the Central Goods and Services Tax Act, […]

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CBIC clarified on recovery of arrears under the existing law and reversal of inadmissible input tax credit-reg

April 13, 2018

To The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Directors General/ Directors General (All) Sub: Clarification regarding procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit-reg. Madam/ Sir, Kind attention is invited to the provisions of the Central Goods and Services […]

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