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    News
    All› GST › GST - 2017
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    December 30, 2017
    Frequently Asked Questions - GST
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    GST reporting: show reverse charge details in the specified GSTR 1 table and follow prescribed tables for supplies.
    Procedural clarifications: report reverse charge details in Table 4B of Form GSTR 1; combine monthly data into a quarterly return for a complete quarter if monthly returns were missed; input tax credit is available on online marketplace commissions; single invoices across states permitted by contract; reusable packaging may be returned on delivery challan under Rule 55; merchant exporter sales to be shown as outward supplies in GSTR 3B and in Table 4 of GSTR 1; nil rated supplies to a registered person go in Table 8; TRAN 2 must be filed within six tax periods; HSN codes not required for smaller turnover taxpayers.
    December 30, 2017
    Extension of date for filing return in FORM GSTR-1
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    Extension of GSTR-1 filing deadline: revised due date set to 10 January for specified taxpayers and periods.
    Extension of the deadline for filing FORM GSTR-1 revises the due date from 31st December, 2017 to 10th January, 2018 for specified taxpayer classes. Registered persons with aggregate turnover up to 1.5 crore must file the quarterly FORM GSTR-1 for July-September 2017 by 10th January, 2018. Registered persons with aggregate turnover exceeding 1.5 crore must file the monthly FORM GSTR-1 for July-October 2017 by 10th January, 2018.
    December 29, 2017
    Frequently Asked Questions - GST
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    Input tax credit limitations: deemed transitional credit disallowed; ITC denied for destroyed goods; procedural filing and refund options outlined.
    Transitional input tax credit is not available to a manufacturer without excise registration and duty paying documents under Section 140; incorrectly paid tax may be refunded pursuant to a procedural circular or adjusted against future liabilities; unregistered suppliers below the turnover threshold may supply services to SEZ entities; advances for goods are not taxable; ITC cannot be claimed for goods lost, stolen, destroyed or written off, and specified filing deadlines apply for ITC returns.
    December 29, 2017
    Scheme of budgetary support for cash component of CGST and IGST for eligible industrial units for residual period in States of North Eastern region and Himalayan states
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    Budgetary support for GST cash component enables eligible industrial units in specified states to claim central-share reimbursement credited via PFMS.
    Scheme grants budgetary support equal to the Central share of the cash component of CGST and IGST for eligible industrial units in North Eastern and Himalayan States; the amount equals 58 percent of Central tax plus 29 percent of integrated tax paid via the cash ledger. Claims for the quarter ending September 2017 required manual application, and sanctioned amounts are credited to beneficiaries' bank accounts through PFMS, with procedures and application forms provided by DIPP notification and CBEC circulars.
    December 28, 2017
    Frequently Asked Questions - GST
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    Input tax credit on leased employee vehicles disallowed; ensure monthly GSTR 1 filing and follow ISD registration conversion steps.
    Input tax credit on vehicles taken on lease for employee use is not available under the statutory input tax credit provisions; registered persons must not claim ITC on such leased vehicles. For sales returns from unregistered persons the registered supplier should issue a credit note to the unregistered recipient. Turnover threshold taxpayers are required to file FORM GSTR 1 monthly for the relevant months; FORM GSTR 2 filing dates await official notification. Job work challan details need not be provided in GSTR 1. Conversion from regular registration to ISD requires cancellation of the regular registration and fresh ISD registration.
    December 28, 2017
    Tax payers can see status of returns filed on GSTN portal
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    GST return status visibility enables taxpayers to monitor GSTR-1 and GSTR-3B filing compliance and refund claims.
    Taxpayers can view the filing status of GSTR-1 and GSTR-3B on the GSTN portal in a single location, facilitating monitoring of submitted returns. The portal also supports online refund claims for exports of services with tax paid, input tax credit accumulated from inverted tax structures, and supplies to SEZ units or SEZ developers.
    December 27, 2017
    Frequently Asked Questions - GST
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    GST classification clarifies HSN headings and applicable tax rates, noting rate revisions, exemptions and reverse charge rules.
    The consolidated circular issues binding clarifications on HSN classification and applicable GST rates for numerous commodities, distinguishing treatments based on composition, processing, packaging and end-use; it records rate revisions notified during the interim period and specifies special treatments including exemptions, nil-rating, concessional rates for welfare distributions, reverse charge applicability for raw cotton supplied by agriculturists, and continuing NCCD valuation under Central Excise law for tobacco products.
    December 27, 2017
    Frequently Asked Questions - GST
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    E-way bill applicability becomes nationwide mandatory; related GST compliance deadlines, refunds, and registration rules clarified.
    Nationwide implementation of the electronic way bill (e-way bill) system is to become compulsory, with trials preceding roll-out; administrative compliance deadlines include final dates for filing TRAN-1 and Form GST ITC-04, procedures for claiming refund of unutilised input tax credit after exports without integrated tax are available, and aggregate turnover excludes inward supplies subject to reverse charge. A change in entity status with a new PAN requires new registration.
    December 27, 2017
    Appointment of Nodal officer for acting as a single point contact with DGGST, New Delhi
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    Appointment of nodal officer as single point contact to streamline GST implementation and stakeholder communications.
    Designation of a nodal officer of Additional/Joint Commissioner rank as a single point of contact with DGGST is requested to enable DGGST to act as an intermediary between the central GST policy wing and field formations by receiving and forwarding issues and suggestions from trade, professionals and other stakeholders; zonal offices must forward the nodal and alternate officer's name, designation, telephone and email to the Directorate by email.
    December 26, 2017
    Total collection under GST for the month of December 2017 has been ₹ 80,808 crores till 25th December 2017
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    GST revenue collection update: transfers from IGST to CGST/SGST increase state and central shares under settlement mechanism.
    Total GST receipts for December 2017 (upto 25 December) are reported across CGST, SGST, IGST and Compensation Cess, with recorded transfers from IGST to CGST and SGST by way of settlement due to cross utilisation of IGST credit and inter state B2C transactions. The post settlement aggregated CGST and SGST figures therefore include both direct collections and amounts routed from IGST. The report also notes the number of registered taxpayers and the volume of returns filed for the prior month within the reporting period.
    December 26, 2017
    Frequently Asked Questions - GST
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    Input tax credit reversal required for free physician samples; GST rules clarify IGST on imports, registration and filing.
    Input Tax Credit on physician samples distributed free must be reversed; such clearances carry no tax where supply value is zero. Refund of ITC on capital goods is not allowed. Imported software services are subject to IGST as inter State supplies. Export of services requires mandatory registration irrespective of turnover. Small taxpayers file GSTR 1 quarterly while all taxpayers file the summarized monthly return during the transition. The time limit for claiming ITC is the due date for the September return of the following year or the annual return, whichever is earlier.
    December 25, 2017
    Frequently Asked Questions - GST
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    Registration for job workers: required when turnover exceeds threshold; exemptions and e commerce rules affect obligation.
    A job worker providing a taxable service must obtain GST registration when aggregate turnover exceeds the prescribed threshold, with a reduced threshold in certain special category states excluding Jammu and Kashmir; service suppliers using e-commerce platforms remain exempt from registration when turnover is below the notified limit. Interest applies to short-paid tax; local body deductions under the section 51 mechanism are not yet notified and wrongful deductions must be claimed as refunds; Education Cess and S&H Education Cess cannot be carried forward as input tax credit.
    December 23, 2017
    Frequently Asked Questions - GST
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    GST input tax credit adjustment requires builders to reduce pre tax prices when ITC is claimed by them.
    Builders must reduce the pre tax sale price of under construction flats by the amount of ITC available to them; service suppliers must register for GST at the location of supply rather than relying solely on a head office registration. Partnership firm payments to partners characterised as salary are not subject to GST. Imports attract customs duties and cesses plus IGST and any compensation cess. Tax on advances (non composition dealers) is due on invoice issuance or its due date. Point of Taxation Rules govern whether services received before GST implementation remain taxable under Service Tax.
    December 23, 2017
    70 complaints filed with Anti-Profiteering Authority: Govt
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    Anti-profiteering complaints are examined by national, standing and state screening committees under the GST regime.
    Complaints alleging failure to pass on GST benefits are being processed under the anti profiteering framework: a National Anti Profiteering Authority and a Standing Committee have been established to examine such allegations, with state level screening committees conducting initial examinations of incoming complaints; administrative support includes call centre and GST Network help desk operations to respond to taxpayer queries.
    December 20, 2017
    Implementation of GST Under the Ministry
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    IGST refund processing prioritised for exporters; reconciliation errors in electronic filings can delay automated refunds.
    The document outlines GST implementation and the GST Council's directive to expedite disbursal of IGST refunds on zero-rated exports, noting refunds are paid where GSTR 1, GSTR 3B and shipping bill data reconcile. It attributes remaining refund delays to mismatches and errors in EGM/GSTR filings and shipping bills, and records CBEC guidance and a circular authorising manual filing and processing, plus outreach and publicity measures to resolve errors and hasten refunds.
    December 20, 2017
    Feedback requested on user-experience of GST application
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    User experience monitoring required for GST application; weekly graded reports and escalation for operational issues.
    Mandates daily collection of user feedback on five parameters of the CBEC-GST application and submission of consolidated weekly reports by Range, Division, Commissionerate, and Zone. Requires use of a defined grading scale to quantify satisfaction and mandates flagging and escalation of shortcomings to the resident engineer and vendor resources for corrective action.
    December 20, 2017
    Proactive Measures taken by Government for Smooth Implementation of GST for MSME
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    Composition levy threshold expanded, simplified quarterly returns and temporary suspension of reverse charge ease GST compliance for MSMEs.
    GST implementation for MSMEs includes exemptions for Khadi sold through KVIC-certified outlets; movement of many MSME goods from the highest rate band to lower GST slabs; expansion of the composition levy to a higher turnover threshold with quarterly returns available to units at or below that threshold; and temporary abeyance of the Reverse Charge Mechanism to reduce immediate compliance burdens.
    December 18, 2017
    GSTN brings in option for monthly, quarterly filing of forms
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    GSTR 1 filing frequency option allows quarterly or monthly returns, enabling eligibility-based quarterly filing and monthly filing obligations.
    GSTN enabled a portal option allowing taxpayers to elect monthly or quarterly filing of GSTR 1; taxpayers with annual turnover up to a specified threshold may opt for quarterly filing and must select the last month of the quarter, while monthly filers must file returns for each preceding month and were permitted to file GSTR 1 for specified months via the portal.
    December 16, 2017
    The 24th GST Council Meeting held today through video conferencing decides that Inter-State e-way Bill to be made compulsory from 1st of February, 2018;
    Show AI Summary
    E-way bill compulsory for inter-state movement to ensure uniform nationwide transport compliance from mandatory rollout.
    The GST Council decided to make the e-way Bill compulsory for inter-State movement, to provide a national e-way Bill system available on a trial and voluntary basis from the readiness date, and to implement a uniform system for both inter-State and intra-State e-way Bills nationwide by the Council's prescribed deadline, while allowing States to continue or adopt their own systems until the uniform system is fully rolled out.
    December 16, 2017
    Frequently Asked Questions - GST
    Show AI Summary
    Place of supply determines CGST and SGST applicability; delivery location governs tax treatment for intra-state transactions.
    Notification 66/2017 applies to all registered persons not opting for composition levy. Table 6A values for shipments must use Customs Act exchange rates. Returns of goods allow issuance of credit and adjustment of tax within statutory time limits. Transferees of a proprietorship must register from the date of transfer. Used goods sold interstate without ITC are valued on the margin. Place of supply is the delivery location, attracting CGST and SGST. Zero rated services must be reported in GSTR 3B.

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      GST

      Frequently Asked Questions - GST

      December 23, 2017

      Contents
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      Q.   For an under-construction flat where the transaction was initiated post 1st July, how do I confirm if the builder has revised the pricing accordingly to the ITC claimed?

      Ans.   The builder needs to adjust his price (without taxes) to the extent of ITC available to him.

      Q.   Whether civil contractor doing projects in various States requires separate registration for all states or a single registration at state of head office will suffice?

      Ans.   A supplier of service will have to register at the location from where he is supplying services.

      Q.   Is salary by Partnership firm to Partners as per Income Tax Act liable to GST ?

      Ans.   No GST is liable on salary

      Q.   What duties are levied on import of goods?

      Ans.   Customs duty and cess as applicable + IGST + GST compensation cess if any.

      Q.   When is the tax to be paid on advances received in case of supply of goods?

      Ans.   For persons other than composition dealers, at the time of issuance of invoice or its due date. Please refer notification no. 66/2017-CT, dated 15.11.2017

      Q.   I received the services in June 2017 and made payment in August 2017. Is GST applicable?

      Ans.   Please check the Point of Taxation Rules, 2011 to know if point of taxation has been completed in this case in June 2017. If so, this transaction is liable to Service Tax, not GST.

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