Clarification on certain issues (sale by government departments to unregistered person; leviability of penalty under section 73(11) of the TNGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the TNGST Act; applicability of notification No. II(2)/CTR/823(a-1)/2018 dated: 13.09.2018; valuation methodology in case of TCS under Income Tax Act and definition of owner of goods) related to GST

Clarification on certain issues (sale by government departments to unregistered person; leviability of penalty under section 73(11) of the TNGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the TNGST Act; applicability of notification No. II(2)/CTR/823(a-1)/2018 dated: 13.09.2018; valuation methodology in case of TCS under Income Tax Act and definition of owner of goods) related to GST https://www.taxtmi.com/circulars?id=71642 Government supplies of used vehicles, confiscated goods, old goods, waste and scrap to registered persons are subject to reverse charge, while supplies to unregistered persons require the supplying department to register and pay GST, subject to registration requirements. Delayed GSTR-3B filing with payment of tax and interest ordinarily does not attract penalty under section 73(11), though a general penalty may follow due process. Post-GST price-revision debit or credit notes attract GST rates. GST value includes income-tax TCS, and documented consignments treat the consignor or consignee as owner. en-us Tue, 23 Apr 2019 00:00:00 +0530 Mon, 19 Oct 2026 17:29:00 +0530 TaxTMI RSS Generator Clarification on certain issues (sale by government departments to unregistered person; leviability of penalty under section 73(11) of the TNGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the TNGST Act; applicability of notification No. II(2)/CTR/823(a-1)/2018 dated: 13.09.2018; valuation methodology in case of TCS under Income Tax Act and definition of owner of goods) related to GST https://www.taxtmi.com/circulars?id=71642 Government supplies of used vehicles, confiscated goods, old goods, waste and scrap to registered persons are subject to reverse charge, while supplies to unregistered persons require the supplying department to register and pay GST, subject to registration requirements. Delayed GSTR-3B filing with payment of tax and interest ordinarily does not attract penalty under section 73(11), though a general penalty may follow due process. Post-GST price-revision debit or credit notes attract GST rates. GST value includes income-tax TCS, and documented consignments treat the consignor or consignee as owner. Circulars GST - States Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71642