Tag Archives: GST Rules Issue

Simplify Transportation of Goods Without Issue of Invoice Rule 8 of Tax Invoice : ICAI – GST Rules Issue 37

By | May 11, 2017

Transportation of Goods Without Issue of Invoice Rule 8(1) of draft GST Tax invoice, Credit and Debit Notes Rules provides that for the purposes of: a) supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known, b) transportation of goods for job… Read More »

Provide Format for Advance voucher / refund voucher under Rule 5 of Tax Invoice – ICAI – GST Rules Issue 36

By | May 11, 2017

Advance voucher and refund voucher Rule 5 of draft GST Tax invoice, Credit and Debit Notes Rules provides for issuance voucher for receipt of advance. However no formats have been prescribed for the receipt voucher or refund voucher. Suggestion It is suggested the words ‘…..in the formats prescribed…’ be added and suitable formats be prescribed.… Read More »

Avoid Physical Verification of existing registered premises under GST : ICAI – GST Rules Issue 34

By | May 11, 2017

Physical Verification of Business Premises Rule 17 of draft GST Registration Rules provides that where the proper officer is satisfied that the physical verification of the place of business of a registered person is required after grant of registration, he may get such verification done and the verification report along with other documents, including photographs,… Read More »

Amend GST registration Cancellation date under Rule 14 of GST Registration Rules : ICAI – GST Rules Issue 33

By | May 11, 2017

Date of cancellation prescribed under Rule 14(3) to be amended Rule 14(3) of draft GST Registration Rules provides that where a person who has submitted an application for cancellation of his registration is no longer liable to be registered or his registration is liable to be cancelled, the proper officer shall issue an order in… Read More »

Exclude Input Service Distributors from Rule 1 of GST Registration Rules : ICAI – GST Rules Issue 30

By | May 11, 2017

Exclusion of Input Service Distributors (ISD) & OIDAR Rule 1(1) of draft GST Registration Rules provides that every person (other than a non-resident taxable person, a person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient referred to in Section 14 of the Integrated… Read More »

Remove condition of not having Imported goods stocks under Rule 3 Composition Rule – ICAI – GST Rules Issue 29

By | May 11, 2017

Condition of not having stocks of Imported goods As per rule 3(1)(b) of draft GST Composition Rules a composition dealer is required to comply with following condition: – The goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a… Read More »

Give time limit for officer to issue notice to Composition Dealer under Rule 4 of GST Composition Rule : ICAI – GST Rules Issue 29

By | May 11, 2017

Validity of Composition Levy Rule 4(4) of draft GST Composition Rule provides that where the proper officer has reasons to believe that the registered person was not eligible to pay tax under Section 10 or has contravened the provisions of the Act or these rules, he may issue a notice to such person in FORM… Read More »

Simplify restrictions for Composition Levy under Rule 3 of GST Composition : ICAI – GST Rules Issue 28

By | May 11, 2017

Conditions & Restrictions for Composition Levy Rule 3 of draft GST Composition Rules deals with Conditions and Restrictions for composition levy. Rule 3(1)(b), (c), (d) & (g) thereof requires a person opting for composition scheme to comply with the following conditions:   b) …………………. c) the goods held in stock by him have not been… Read More »

Redraft Rule 1 of GST Composition – Date of Intimation of Opting Composition Levy ICAI – GST Rules Issue 28

By | May 11, 2017

Intimation of Composition Levy  Rule 1(1) of draft GST Composition Rules provide that any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.16 and who opts to pay tax under Section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed, on the Common Portal, either… Read More »