Daily Archives: January 1, 2019

GST Revenue collection for December 2018 Rs 94,726 crore

By | January 1, 2019

Ministry of Finance GST Revenue collection for December 2018 Rs. 94,726 crore  of  total gross GST revenue collected in the month of December Posted On: 01 JAN 2019 The total gross GST revenue collected in the month of December, 2018 is Rs. 94,726 crore of which CGST is Rs. 16,442 crore, SGST is Rs. 22,459 crore, IGST is Rs. 47,936 crore (including Rs. 23,635 crore collected on imports)… Read More »

Category: GST

IBBI publishes Revised Syllabus and other details of Valuation Examinations

By | January 1, 2019

Ministry of Corporate Affairs IBBI publishes Revised Syllabus and other details of Valuation Examinations Posted On: 01 JAN 2019 The Central Government notified the commencement of Section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18thOctober, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 on 18thOctober, 2017.… Read More »

Notification No 04 /2018 Integrated Tax : IGST Amendment Rules 2018 w.e.f 01.01.2019

By | January 1, 2019

Notification No 04 /2018 Integrated Tax Seeks to amend the IGST Rules, 2017 so as to notify the rules for determination of place of supply in case of inter-State supply under sections 10(2), 12(3), 12(7), 12(11) and 13(7) of the IGST Act, 2017. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION… Read More »

Notification No. 79/2018 Central Tax : Jurisdiction of Central Tax Officer : Amendment

By | January 1, 2019

Notification No 79/2018 Central Tax Seeks to amend notification No. 2/2017 – Central Taxes dated 19.06.2017. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Indirect Taxes and Customs] Notification No. 79/2018 Central Tax New Delhi, the… Read More »

Notification No 78 /2018 Central Tax : GST ITC 4 Due date extended from July 2017 to December 2018

By | January 1, 2019

Notification No 78 /2018 Central Tax Seeks to extend the due date for furnishing FORM ITC-04 for the period from July, 2017 to December, 2018 till 31.03.2019. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect… Read More »

Notification No 77/2018 Central Tax : GSTR 4 Late Fees waived for July 2017 to September, 2018.

By | January 1, 2019

Notification No 77/2018 Central Tax Seeks to fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-4 for the period July, 2017 to September, 2018. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue)… Read More »

Notification No 76/2018 Central Tax : Late Fees waiver for delayed filing of FORM GSTR-3B for July 2017 to September, 2018 in specified cases.

By | January 1, 2019

Notification No 76/2018 Central Tax Seeks to specify the late fee payable for delayed filing of FORM GSTR-3B and fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-3B for the period July, 2017 to September, 2018 in specified cases vide Notification No 76/2018 Central Tax Dated 31st December, 2018… Read More »

Notification No 75/2018 Central Tax : Late Fees waived for GSTR 1 for July 2017 to September 2018 in specified cases.

By | January 1, 2019

Notification No 75/2018 Central Tax Seeks to fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-1 for the period July, 2017 to September, 2018 in specified cases. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance… Read More »

Notification No 74/2018 Central Tax : CGST (Fourteenth amendment) Rules 2018

By | January 1, 2019

Notification No 74/2018 Central Tax Fourteenth amendment to the CGST Rules, 2017 . [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 74/2018 – Central Tax New Delhi, 31st December, 2018… Read More »

Notification No 73/2018 Central Tax : Exempt GST TDS on supplies made by Government Departments and PSUs to other Government Departments & vice-versa

By | January 1, 2019

Notification No 73/2018 Central Tax Seeks to exempt supplies made by Government Departments and PSUs to other Government Departments and vice-versa from TDS. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification… Read More »

Notification No 72/2018 Central Tax : GSTR 1 Date Extended for newly migrated taxpayers.

By | January 1, 2019

Notification No 72/2018 Central Tax Seeks to extend the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes… Read More »

Notification No 71/2018 Central Tax : GSTR 1 time extended for newly migrated taxpayers.

By | January 1, 2019

Notification No 71/2018 Central Tax Seeks to extend the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes… Read More »

Notification No 70/2018 Central Tax : GSTR 3B Date Extended for newly migrated taxpayers.

By | January 1, 2019

Notification No 70/2018 Central Tax Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification… Read More »

Notification No 69/2018 Central Tax : GSTR 3B Date Extended for newly migrated taxpayers

By | January 1, 2019

Notification No 69/2018 Central Tax Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification… Read More »

Notification No 68/2018 Central Tax : GSTR 3B date Extendted for newly migrated taxpayers.

By | January 1, 2019

Notification No 68/2018 Central Tax Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification… Read More »

Notification No 67/2018 Central Tax : Time for completing migration of taxpayers under GST Extended

By | January 1, 2019

Notification No 67/2018 Central Tax Seeks to extend the time period specified in notification No. 31/2018-CT dated 06.08.2018 for availing the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government… Read More »

Order No 04/2018 Central Tax : Due date of GSTR 8 (GST TCS) Extended for October to December 2018

By | January 1, 2019

Order No 04/2018 Central Tax Seeks to extend the due date for furnishing the statement in FORM GSTR-8 by e-commerce companies for the months of October to December, 2018 till 31.01.2019. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue)… Read More »

Order No 03/2018 Central Tax : GST Annual Return & Audit Date Extended to 30.06.2019 : GSTR-9, FORM GSTR-9A , GSTR 9C

By | January 1, 2019

Order No 03/2018 Central Tax Seeks to amend Removal of Difficulty Order No. 1/2018 dated 11.12.2018 so as to extend the due date for furnishing of annual returns in FORM GSTR-9, FORM GSTR-9A and reconciliation statement in FORM GSTR-9C for the FY 2017-2018 till 30.06.2019 vide Order No 03/2018 Central Tax Dated 31st December, 2018 [TO BE… Read More »

Order No 02/2018 Central Tax : Extension of due date for availing ITC of FY 2017-18

By | January 1, 2019

Order No 02/2018 Central Tax Seeks to extend the due date for availing ITC on the invoices or debit notes relating to such invoices issued during the FY 2017-18 Read Order No 02/2018 Central Tax [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Finance… Read More »

4 New GST Circulars issued on 31.12.2018

By | January 1, 2019

4 New GST Circulars issued on 31.12.2018 Circular No 76/50/2018 GST Dated 31st December 2018 : Clarification on certain issues sale by government departments to unregistered person; leviability of penalty under section 73(11) of the CGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the CGST… Read More »

Category: GST

Who is owner of the goods under GST Act for Detention, seizure and release of goods and conveyances: CBIC Clarify

By | January 1, 2019

Who will be considered as the “owner of the goods‟ for the purposes of section 129(1) of the CGST Act? As per Circular No 76/50/2018 GST Dated 31st December 2018 : It is hereby clarified that if the invoice or any other specified document is accompanying the consignment of goods, then either the consignor or… Read More »

Category: GST

Notification No 31/2018 Integrated Tax (Rate) : insert explanation in notification No. 8/2017 Integrated Tax (Rate)

By | January 1, 2019

Notification No 31/2018 Integrated Tax (Rate) seeks to insert explanation in an item in notification No. 8/2017 – Integrated Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of… Read More »

Notification No 30/2018 Integrated Tax (Rate) : List amended for IGST on Services under Reverse Charge Mechanism (RCM)

By | January 1, 2019

Notification No 30/2018 Integrated Tax (Rate) Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION… Read More »

Notification No 29/2018 Integrated Tax (Rate) : IGST Exemption on Services Amended w.e.f 01.01.2019

By | January 1, 2019

Notification No 29/2018 Integrated Tax (Rate) Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry… Read More »

Notification No 28/2018 Integrated Tax (Rate) : IGST rates of services Amended w.e.f 01.01.2019

By | January 1, 2019

Notification No 28/2018 Integrated Tax (Rate) Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government… Read More »

Notification No 27/2018 Integrated Tax (Rate) : Exempt IGST on supply of gold by nominated agencies to registered persons.

By | January 1, 2019

Notification No 27/2018 Integrated Tax (Rate) seeks to exempt integrated tax on supply of gold by nominated agencies to registered persons. [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue)` Notification No. 27/2018- Integrated Tax (Rate) New Delhi, the 31st… Read More »