Circular No 04/01/2019 IGST : No GST on supply of warehoused goods before consumption

By | February 8, 2019
(Last Updated On: April 15, 2020)

Circular No 04/01/2019 IGST

Circular No 04/01/2019 IGST
F. No. CBEC-20/16/04/2018 – GST
Government of India Ministry of Finance
Department of Revenue Central Board of Indirect Taxes and Customs
GST Policy Wing

New Delhi, Dated the 1 st February, 2019

To,

The Principal Chief Commissioners / The Principal Directors General / Chief Commissioners / Directors General (All) / Principal Commissioners / Commissioners of Central Tax (All)

Madam/Sir,

Subject: Rescinding of Circulars issued earlier under the IGST Act, 2017 to be effective from 01.02.2019 – Reg.

The provisions of the CGST (Amendment) Act, 2018 and SGST Amendment Acts of the respective States have been brought into force w.e.f. 01.02.2019. Schedule III of the CGST Act, 2017 has been amended vide section 32 of the CGST (Amendment) Act, 2018 so as to provide that the “supply of warehoused goods to any person before clearance for home consumption” shall be neither a supply of goods nor a supply of services.

2. Accordingly, Circular No. 03/01/2018-IGST dated 25th May, 2018 is hereby rescinded.

3. It is requested that suitable trade notices may be issued to publicize the contents of this circular.

4. Difficulty, if any, in implementation of this Circular may please be brought to the notice of the Board. Hindi version would follow.

(Upender Gupta)

Pr. Commissioner (GST)

GST Reverse Charge Mechanism : Free Study Material

GST RCM : Reverse Charge Mechanism : Analysis

Notification No 3/2018 Union Territory Tax (Rate) : renting of immovable property by Govt to Registered Person : GST on RCM basis

Place of Supply for freight paid on RCM basis

Notification No 37/2017 Integrated Tax (Rate) : Govt Supply : GST on RCM

Notification No 34/2017 Integrated Tax (Rate) : services provided by Overseeing Committee members to RBI under RCM.

Extend Time of supply of goods and services under RCM : ICAI suggestion

When to avail Credit of GST paid on RCM : Confusion by Govt Tweeter account

Notification No 22/2017 Union Territory Tax (Rate) Dtd 22nd Aug 2017 : amend RCM provisions for GTA and to insert explanation for LLP

Notification No 22/2017 Central Tax (Rate) Dtd 22nd Aug 2017 : Amend RCM provisions for GTA ; insert explanation for LLP

Do not deny GST ITC if paid on RCM basis ; not disclosed by Supplier : ICAI Suggestions

Services received under RCM within state ; Pay CGST + SGST

Invoice in case of Reverse Charge Mechanism (RCM) under GST

GST Reverse Charge Mechanism : Anlaysis

Pay Tax in cash under reverse charge in GST because GST ITC can’t be claimed

For latest Notification Refer Govt Website Click Here

Circular No 04/01/2019 IGST

One thought on “Circular No 04/01/2019 IGST : No GST on supply of warehoused goods before consumption

  1. Pingback: Circular No 3/1/2018 IGST : Goods supplied from customs bonded warehouse : IGST Applicability - Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *