GST Refund of Export of Services (With Payment of Tax) 1. What is the eligibility criteria to file for refund on account of Export of services with payment of Tax? You can file refund application for refund of Integrated Tax and Cess paid on account of Export of services, only if you have filed GSTR-3B for… Read More »
ITC under GST when inputs or input services used partly for business and partly for other purposes Rule 7 of Final GST Input Tax credit rules prescribe method of Input tax credit of inputs or input services i) Partly used for the purposes of business and partly for other purposes, or ii) Partly used for… Read More »
Rule 5 of GST Input Tax Credit Rule Calculation of Input Tax Credit on Capital Goods Where the Registered persons ceases to pay tax under Composition Scheme under section 10 of CGST Act 2017 , then he can avail Input Tax credit in respect of followings , Inputs Semi Finished goods Finished Goods Capital Goods on… Read More »
Input Tax Credit on Capital Goods Partly used for Business and partly for other purposes Input tax credit in respect of capital goods, which attract the provisions of sub-sections (1) and (2) of section 17, being i) Partly used for the purposes of business and partly for other purposes, or ii) Partly used for effecting… Read More »
GST News [Part 175] by CA Satbir Singh : TaxHeal.com 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… Read More »
GST News [Part 174] : GST Challan : by CA Satbir Singh TaxHeal.com 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… Read More »
Circular No. 05/2018-Customs F.No.450/119/2017-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) Room No. 227B, North Block, New Delhi. Dated the 23rd February, 2018 To All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive) All Principal Chief Commissioners/Chief Commissioners of Central Tax and Central Excise All Principal Commissioners/Commissioners of… Read More »
Circular No. 33/07/2018 GST Directions under Section 168 of the CGST Act regarding non-transition of CENVAT credit under section 140 of CGST Act or non-utilization thereof in certain cases-reg vide Circular No. 33/07/2018 GST Dated the 23 rd Feb., 2018 F. No. 267/67/2017 CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise… Read More »
Q.1 Tax payer has cleared his liability however amount is not reflecting in cash ledger. A.1 The possible scenarios: (i) Amount not deducted from the account of the taxpayer (ii) Amount deducted from the taxpayer’s account but CIN not communicated to GSTN by the Bank (iii) Mismatch of transaction data though reflected in the e-scroll, received from… Read More »
Track Payment Status 1. How can a taxpayer can get information regarding the status of payment/s made? Taxpayers will be intimated regarding the payment status by SMS, E-mail and the same will also be updated on the GST Portal (www.gst.gov.in) In the pre-login mode, taxpayers can track their payments using the Track Payment Status facility… Read More »