Monthly Archives: August 2017

Demonetisation Impact on Black Money & Direct Tax of India

By | August 31, 2017

Impact of Demonetisation on Black Money, Widening of Tax Base and Direct Tax Collections The Government of India launched a concerted drive against black money with Demonetisation being an important step in that direction. Among the main objectives of Demonetisation was the flushing out of black money and also conversion of the non-formal economy into… Read More »

CA Certificate format for GST Refund under rule 89(2)(m) of CGST Rules

By | August 31, 2017

Certificate format under rule 89(2)(m) of CGST Rules ( CA Certificate Format for GST Refund Inserted by the Central Goods and Services Tax (Sixth Amendment) Rules 2017.  Notification No 27 /2017 Central Tax Dated 30th August, 2017 ) Certificate [rule 89(2)(m) of CGST Rules 2017] This is to certify that in respect of the refund amounting to Rs.<<>>… Read More »

GST INV 1 : Generation of Invoice Reference Number for GST e way Bill

By | August 31, 2017

GST INV 1 ( GGST INV 1 inserted in rule 138A of  CGST Rules 2017  and is covered in Chapter XVI  – E-Way Rules : Inserted by the Central Goods and Services Tax (Sixth Amendment) Rules 2017.  Notification No 27 /2017 Central Tax Dated 30th August, 2017 ) FORM GST INV 1 (See rule 138A) Generation of Invoice Reference Number     Related Topic on… Read More »

GST EWB 3 : Verification Report of GST E way Bill

By | August 31, 2017

GST EWB 3 ( GST EWB 3  inserted in CGST Rules 2017  and is covered in Chapter XVI  – E-Way Rules : Inserted by the Central Goods and Services Tax (Sixth Amendment) Rules 2017.  Notification No 27 /2017 Central Tax Dated 30th August, 2017 ) FORM GST EWB 3 (See rule 138C ) Verification Report    Related Topic on GST Topic Click Link… Read More »

GST EWB 1 : E-Way Bill format

By | August 31, 2017

FORM GST EWB 1 (GST EWB 1 read rule 138 of CGST Rules 2017) ( GST EWB 1  inserted in CGST Rules 2017  and is covered in Chapter XVI  – E-Way Rules : Inserted by the Central Goods and Services Tax (Sixth Amendment) Rules 2017.  Notification No 27 /2017 Central Tax Dated 30th August, 2017 )\ New Format of FORM GST EWB 1 (See… Read More »

Rule 138D CGST Rules 2017 : Facility for uploading information regarding detention of vehicle

By | August 31, 2017

Rule 138D CGST Rules 2017  Summary of Rule 138D CGST Rules 2017 ( Rule 138D CGST Rules 2017 explains Facility for uploading information regarding detention of vehicle and is covered in Chapter XVI  – E-Way Rules :  Inserted by Central Goods and Services Tax (Sixth Amendment) Rules 2017 Amended by Second Amendment (2018) to CGST Rules vide Notification No 12/2018 Central Tax dated 7th March, 2018 ,  Central… Read More »

Rule 138C CGST Rules 2017 : Inspection and verification of goods

By | August 31, 2017

Rule 138C CGST Rules 2017 Summary of Rule 138C CGST Rules 2017 ( Rule 138C CGST Rules 2017 explains Inspection and verification of goods and is covered in Chapter XVI  – E-Way Rules : Inserted by Central Goods and Services Tax (Sixth Amendment) Rules 2017 Amended by Second Amendment (2018) to CGST Rules vide Notification No 12/2018 Central Tax dated 7th March, 2018 and  Central Goods and Services… Read More »

Rule 138B CGST Rules 2017 : Verification of documents and conveyances

By | August 31, 2017

Rule 138B CGST Rules 2017 Summary of Rule 138B CGST Rules 2017 ( Rule 138B CGST Rules 2017 explains Verification of documents and conveyances and is covered in Chapter XVI  – E-Way Rules :  Inserted by Central Goods and Services Tax (Sixth Amendment) Rules 2017. Amended by Central Goods and Services Tax (Amendment) Rules, 2018, ,  Second Amendment (2018) to CGST Rules vide Notification No 12/2018… Read More »

Rule 138A CGST Rules 2017 : Documents and devices to be carried by a person-in-charge of a conveyance.

By | August 31, 2017

Rule 138A CGST Rules 2017 Summary of Rule 138A CGST Rules 2017 ( Rule 138A CGST Rules 2017 explains Documents and devices to be carried by a person-in-charge of a conveyance  and is covered in Chapter XVI  – E-Way Rules : Inserted by  Central Goods and Services Tax (Sixth Amendment) Rules 2017 amended byCGST (Amendment) Rules, 2018  , Second Amendment (2018) to CGST Rules vide Notification No… Read More »

New Rule 138 CGST Rules 2017 : New GST e Way Rules

By | August 31, 2017

 New Rule 138 CGST Rules 2017 ( New Rule 138 CGST Rules 2017 explains Information to be furnished prior to commencement of movement of goods and generation of e-way bill and is covered in Chapter XVI  – E-Way Rules : substituted by CGST (Second Amendment) Rules 2018 vide Notification No 12/2018 Central Tax dated 7th March, 2018  : refer Note 1 Also] “138.… Read More »

Notification No 27/2017 Central Tax : GST E way Bill Rule Notified by Govt

By | August 31, 2017

Notification No 27/2017 Central Tax Seeks to further amend the CGST Rules, 2017 to substitute Rule 138 with  New Rule 138 for Information to be furnished prior to commencement of movement of goods and generation of e-way bill 138A. Documents and devices to be carried by a person-in-charge of a conveyance. 138B. Verification of documents and conveyances.… Read More »

GST News 29.08.2017 by TaxHeal

By | August 30, 2017

GST News 29.08.2017 by TaxHeal Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release GST Books Best… Read More »

Govt of India Justified 99% return of Old Currency Notes after Demonetization

By | August 30, 2017

Finance Ministry: Demonetization immensely beneficial to Indian Economy and People  The Government of India decided to cancel the Legal Tender Status of Rs.1000 and Rs.500 denomination currency notes on 8thNovember 2016 with several objectives: (i) flushing out black money, (ii) eliminate Fake Indian Currency Notes (FICN), (iii) to strike at the root of financing of… Read More »

Category: RBI

Circular No 36/2017 Custom : Electronic sealing of containers by exporters

By | August 30, 2017

 Circular no 36/2017 dated 28th August, 2017– Customs Central Government vide Circular no. 36/2017 dated 28th August, 2017– Customs has now prescribed the detailed procedure to be followed while electronic sealing of containers by exporters under self-sealing procedure.  Note : Central government had previously issued Circular No. 26/2017-Customs dated 1st July, 2017 which provided for a simplified procedure for stuffing and sealing of… Read More »

Book Goods and Services Tax Laws, Concepts & Impact Analysis for Traders and Service Providers : August 2017 Edition

By | August 30, 2017

Goods and Services Tax Laws, Concepts & Impact Analysis for Traders and Service Providers  – 3 Aug 2017 by Sanjiv :Malhotra, Sanjeev Agarwal (Author) Yet another classic work from Dr. Sanjiv Agarwal and CA Sanjeev Malhotra analyzing the GST provisions in a comprehensive, analytical and crisp manner with suitable examples divided into three parts. Part A is spread over… Read More »

GST Guide with Ready Reckoner August 2017 Book Bloomsbury

By | August 30, 2017

GST Guide with Ready Reckoner  – 2 Aug 2017 by Rakesh Garg (Author), Sandeep Garg (Author) This book comprehensively discusses the provisions contained in the enacted Central GST Act, 2017, Integrated GST Act, 2017, GST (Compensation to States) Act, 2017 and State GST Act, 2017 along with the Notified Rules (Central GST Rules, 2017/Integrated GST Rules, 2017/State GST Rules, 2017 and… Read More »

Taxmann GST Reverse Charge & Composition Scheme Book

By | August 30, 2017

GST Reverse Charge & Composition Scheme Book 2017 by Vivek Laddha & Pooja Patwari  Price Rs 335 Click to buy online Author : Vivek Laddha  Pooja Patwari Edition : 2017 Edition Date of Publication : Sep. 2017 ISBN No.:9789386635914 Binding : Paperback No. Of Pages : 208 Weight (Kgs) : 0.26   Contents of GST Reverse Charge & Composition Scheme  Related GST Books Related Topic on… Read More »

Credit of Clean Energy Cess allowed for GST Compensation Cess Payment : HC

By | August 30, 2017

HIGH COURT OF DELHI Mohit Minerals (P.) Ltd. v. Union of India S. MURALIDHAR AND PRATHIBA M. SINGH, JJ. W.P.(C) NO. 7459 OF 2017 AUGUST  25, 2017 J.K. Mittal, Rajveer Singh and Nidhi Gupta, Advocates for the Petitioner. Ravi Prakash, CGSC, Nitish Gupta, Farman Ali Advocates and Ms. Aarti Saxena, Deputy Secretary (DOR) for the Respondent. ORDER C.M. No. 30755/2017 (Exemption) 1. Allowed, subject to all just exceptions. W.P.… Read More »

Govt approved increase in GST Compensation Cess rate

By | August 30, 2017

Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017  The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would… Read More »

How to clear Samples from Factory after GST ?

By | August 30, 2017

Q.50 What option shall be opted while clearing samples from factory to warehouse location: (a) No GST should be levied but corresponding ITC should be reversed (b) GST should be levied but GST (ITC) paid on samples cleared should be reversed at receiving warehouse location. Ans Depends upon the location of the factory and warehouse. If both… Read More »

Category: GST