Daily Archives: October 2, 2017

GST on Renting for residential use of director/officer : ICAI raised Issue

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xiii) An Individual renting residential dwelling to Pvt Ltd Co. for residential use of… Read More »

Category: GST

Delay in responses from GSTN Helpdesk : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (x) Delay in responses from GSTN Helpdesk Due to bulk migration and registration many assessees have faced this issue that they are unable to reach the GST helpdesk and are unable to receive satisfactory responses from the helpdesks through emails or calls. Suggestion It… Read More »

Category: GST

Allow One cash ledger in GST : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (ix) One cash ledger instead of separate cash ledger(s) Issue: Credit in Cash ledger is segregated into different heads which made assessee unable to set off the cash credit of one head for other which can be possible if there is a uniform cash… Read More »

Category: GST

Allow to Pay GST on receipt basis to small Assesses : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (vii) Exemption to small assessee be provided to pay tax on receipt basis wherein in erstwhile law upto Rs. 50 Lacs assessee was permitted to pay tax on receipt basis.   Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Related Topic… Read More »

Category: GST

GST Transitional Credit not available to Manufacturer / Service provider : ICAI Suggetions

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (v) Transitional Credit is not available to Manufacturer / Service provider : (a) Transitional credit not being available to some manufacturers/ service providers would be discriminatory and impact the margins. Needs to be provided to all if the goods/ services earlier were not liable… Read More »

Category: GST

Registration for RCM : Pay GST on purchases from unregistered dealer : ICAI Suggestions

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (iv) Mandatory Registration under section 9(3) for Reverse Charge purpose need not trigger the provisions of section 9(4) Section 9(3) of the CGST Act, 2017 provides that the Government may, on the recommendations of the Council, by notification, specify categories of supply of goods… Read More »

Category: GST