GOVERNMENT OF INDIA MINISTRY OF FINANCE / DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NORTH BLOCK, NEW DELHI-110001 Tele : +91-11-23094828 Fax : +91-11-23092512 D.O. F.No. 1(5)/DGGST/CGSTcredit/29/2017/624-647 Dated 11th September 2017 Dear Chief Commissioners The ITC data for CGST claimed in TRANS-1 statement received from M/s GSTN revealed that so far, the registered persons… Read More »
ICAI Revised FAQs and MCQs on GST by Indirect Taxes Committee MCQs on GST. Indirect Taxes Committee of ICAI has revised its publication FAQs and MCQs on GST to held CAs and other Stakeholders Indirect Taxes Committee of ICAI has revised its publication named “FAQs and MCQs on GST”. As per the Committee, the revised… Read More »
NON-RESIDENT TAXABLE PERSON IN GST Introduction “Non-resident taxable person” means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India. A non-resident taxable person making taxable supply in India… Read More »
Goods and Transport Agency in GST Background of levying tax on the services of Goods Transport Agency The levy of Service Tax on Road Transportation Service has always been a contentious issue. The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16-11-1997 which was subsequently withdrawn after nation-wide strike. Thereafter by… Read More »
Order No 02/2017 GST Extension of time limit for submitting the declaration in FORM GST TRAN-1 vide Order No 02/2017 GST Dated 18th September, 2017 F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 18th September, 2017 Subject: Extension of time limit for submitting the… Read More »
ANDHRA PRADESH GOODS AND SERVICES TAX RULES, 2017 – AMENDMENT IN NOTIFICATION G.O.Ms No.227, DATED 22-6-2017 – AMENDMENT IN FORM GST TRAN-2; SUBSTITUTION OF RULES 122, 123, 124, 125, 126, 137, 138, FORM GST ENR-01 & FORM GST-RFD-01 AND INSERTION OF RULES 138A, 138B, 138C & 138D NOTIFICATION G.O.Ms.NO. 417, DATED 19-9-2017 In exercise of the… Read More »
Issue : It was also ordered that on payment of 50% of such demand along with execution of a simple bond, the goods shall be released. It is this judgment which is challenged before us. Held Section 129 of the CGST Act and SGST ordinance provides for detention, seizure and release of goods and conveyances… Read More »
Section 150 Karnataka GST Act 2017 [ Section 150 Karnataka GST Act 2017 explains Obligation to furnish information return and is covered in CHAPTER XXI MISCELLANEOUS ] Obligation to furnish information return. 150. (1) Any person, being— (a) a taxable person; or (b) a local authority or other public body or association; or (c) any authority of the State Government… Read More »
Section 149 Karnataka GST Act 2017 [ Section 149 Karnataka GST Act 2017 explains Goods and services tax compliance rating and is covered in CHAPTER XXI MISCELLANEOUS ] Goods and services tax compliance rating. 149. (1) Every registered person may be assigned a goods and services tax compliance rating score by the Government based on his record of compliance with… Read More »
Section 148 Karnataka GST Act 2017 [ Section 148 Karnataka GST Act 2017 explains Special procedure for certain processes. and is covered in CHAPTER XXI MISCELLANEOUS ] Special procedure for certain processes. 148. The Government may, on the recommendations of the Council, and subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons, and… Read More »