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 Act;
- applicability of notification No. 50/2018-Central Tax;
- valuation methodology in case of TCS under Income Tax Act and
- definition of owner of goods related to GST
Circular No 77/50/2018 GST Dated 31st December 2018 :
Denial of composition option by tax authorities and effective date thereof
Circular No 78/50/2018 GST Dated 31st December 2018 :
Clarification on export of services under GST
Circular No 79/50/2018 GST Dated 31st December 2018 :
Clarification on refund related issues
Also refer New GST Notifications issued on 31.12.2018