GST Corner

IGST and Compensation Cess Exemption Allowed in DFIA Cases under AA – Central Tax Notification

·   AAL and Deemed Exports Covered

·   Alternatively Utilization in Factory with CA Certificate Must

·   IGST and CC to be Paid if Goods Sold in Market

·   Facility Expires on 31 March 2019

Central Tax Notification No. 01 dated 15th January 2019

GST Act 2018 Amendments to be Notified w.e.f. 1 February 2019

·    Last date for passing the examination for GST Practitioners to be extended till 31.12.2019

Press Release dated 10 January 2019

Service Tax as Transition Credit Allowed Upfront in GST Law under Sec. 140(1) CGST Act, 2017

Circular No. 87/06/2019-GST dated 2 January 2019

IGST Export Refunds – EGM Errors Hampering IGST Refund Processing – Mismatch in Local Gateway EGMs Result in Error SB006

CBIC Circular No. 01/2019-Customs dated 2 January 2019

GST Revenue Collection Falls in December 2018

·   Rs. 94,726 crore of total gross GST revenue collected in the month of December

PIB Press Release dated 1 Jan 2019

GST on IIMs only below 1 Year Courses, Past Cases from 1 Jan 2018 Covered

·   Short Term Courses without Official Recognition to Pay 18% GST

GST Circular No. 82/01/2019-GST dated 1st January 2019

No GST on ADB and IFC

GST Circular No. 83/02/2019-GST dated 1st January 2019

Printing of Pictures is under 998386 Liable to 18% GST

GST Circular No. 84/03/2019-GST dated 1st January 2019

Clarification on GST Rate Applicable on Supply of Food and Beverage Services by Educational Institution

·   Food and beverages by an educational institution to its students, faculty and staff, where such supply is made by the educational institution itself, is exempt under Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017, vide Sl. No. 66 w.e.f. 01-07-2017 itself. However, such supply of food and beverages by any person other than the educational institutions based on a contractual arrangement with such institution is leviable to GST@ 5%.

GST Circular No. 85/04/2019-GST dated 1st January 2019

GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company

·   Classification of branch of a bank as located in rural area and the services which can be provided by BF/BC, is governed by the RBI guidelines. Therefore, classification adopted by the bank in terms of RBI guidelines in this regard should be accepted.

·   The exemption from tax on services provided by BF/BC is dependent on the meaning of the expression “accounts in its rural area branch”.

·   The scope of exemption to services provided in relation to “accounts in its rural area branch” vide Sl. No. 39 of Notification No. 12/2017- Central Tax (Rate) dated 28.06.2017.

·   Banking company is liable to pay GST on the entire value of service charge or fee charged to customers whether or not received via business facilitator or the business correspondent.

GST Circular No. 86/05/2019-GST dated 1st January 2019

GST and IGST Rates Changes Recommended by GST Council in its 31st Meeting on 22 December 2018 – Effective from 1 January 2019

 

Seeks to further amend notification No. 1/2017-Integrated Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting

25/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to further amend notification No. 2/2017-Integrated Tax (Rate) dated 28.06.2017 to exempt GST on goods as per recommendations of the GST Council in its 31st meeting.

26/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to exempt integrated tax on supply of gold by nominated agencies to registered persons.

27/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

28/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

29/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

30/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to insert explanation in an item in notification No. 8/2017 – Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017.

31/2018-Integrated Tax (Rate), dt. 31-12-2018

Seeks to amend the IGST Rules, 2017 so as to notify the rules for determination of place of supply in case of inter-State supply under sections 10(2), 12(3), 12(7), 12(11) and 13(7) of the IGST Act, 2017.

04/2018-Integrated Tax, dt. 31-12-2018

GST Clarifications on

·      Govt Departments too must Pay GST and Register on Sale of used Goods to Unregistered Buyers

·      Penalty is only after SCN, No Penalty on Late Filing if SCN Not Issued

·      Debit Note Credit Note after Notification – GST to be Paid at Notification Rate

·      Sec 51 to CGST to Apply only on 51% Govt Undertaking

·      TCS to be Collected on Full Value including Income Tax

·      No Invoice with Supply leaves field Open for GST Officer to Decide who the Owner is

Circular No. 76/50/2018-GST dated 31-12-2018

Denial of Composition Option by Tax Authorities and Effective Date

·      Where the taxpayer has sought withdrawal from the composition scheme, the effective date shall be the date indicated by him in his intimation/application filed in FORM GST CMP-04

·      In case of denial of option by the tax authorities, the effective date of such denial shall be from a date, including any retrospective date as may be determined by tax authorities

Circular No. 77/51/2018-GST dated 31-12-2018

Full GST under Reverse Charge for Import of Services to Applicable on Reverse Charge Basis even when only Part Payment is Received in India and Balance Received Outside India

Circular No. 78/52/2018-GST dated 31-12-2018

CBIC Clarification on GST Refund thru RFD-01A Route

·      In GSTR 2A cases, clarified that the said statement and these invoices, instead of being submitted physically, shall be electronically uploaded on the common portal at the time of filing the claim of refund in FORM GST RFD-01A. Neither the application in FORM GST RFD-01A, nor any of the supporting documents, shall be required to be submitted physically in the office of the jurisdictional proper officer.

·      the taxpayer will still have the option to physically submit the refund application to the jurisdictional proper officer in FORM GST RFD-01A, along with supporting documents, if he so chooses.

·      The acknowledgement for the complete application or deficiency memo, as the case may be, would be issued by the jurisdictional tax officer based on the documents so received electronically from the common portal. However, the said acknowledgement or deficiency memo shall continue to be issued manually for the time being.

·      A refund application is electronically transferred to the wrong jurisdictional officer, he/she shall reassign it to the correct jurisdictional officer electronically within a period of three days.

·      After the issuance of a deficiency memo, taxpayers would be required to submit the rectified refund application under the earlier Application Reference Number (ARN) only.

·      The documents/statements/undertakings/invoices to be submitted along with the refund application in FORM GST RFD-01A are the same as have been prescribed under the CGST Rules and various Circulars issued on the subject from time to time. Only the method of submission of these documents/statements/undertakings/invoices is being changed from the physical mode to the electronic mode.

·      Where there are multiple inputs attracting different rates of tax, in the formula provided in rule 89(5) of the CGST Rules, the term ‘Net ITC’ covers the ITC availed on all inputs in the relevant period, irrespective of their rate of tax.

Circular No. 79/53/2018-GST dated 31-12-2018

Clarification on GST Rates and Classification (Goods)

·   Sattu unbranded, it attracts Nil GST (S. No. 78 of notification No. 2/2017-Central Tax (Rate) dated 28.06.2017) and if branded and packed it attracts 5% GST (S. No. 59 of schedule I of notification No. 1/2017-Central Taxes (Rate) dated 28.06.2017).

·   Fish meals, meat cum bone meal (MBM) etc., attract 5% GST under S. No. 103 in notification No. 1/2017- Central Tax (Rate) dated 28.6.2017. (Prepared feed to attract Nil GST under SNo. 102)

·   Vitamins, provitamins are supplied in a form in which they are capable of general use, i.e. in the form in which it could be used as inputs or raw materials for further processing, instead of being ready to use, then these would be classifiable under heading 2936. For specific use, the code is HS 2309 which is the ready to use preparation.

·   LPG supplied in bulk, whether by a refiner/fractionator to an OMC or by one OMC to another for bottling and further supply for domestic use will fall under the S. No. 165A of the notification No. 1/2017- Central Tax (Rate) dated 28.06.2017 and shall, accordingly, attract a GST rate of 5%, with effect from 25.1.2018. (Actual supply to domestic consumers not important. The form and packing for domestic supply in the key).

·   Polypropylene Woven and Non-Woven Bags and PP Woven and Non-Woven Bags laminated with BOPP would be classified as plastic bags under HS code 3923 and would attract 18% GST. (BOPP Lamination determines classification under Ch 39 non laminated bags of jute will go under Ch 53).

·   Wood logs or any kind of wood in the rough/timber, including the wood in rough/log/timber used for pulping falls under heading 4403 and attract GST at the rate of 18%.

·   Bagasse board [whether plain or laminated] falling under chapter 44 will attract concessional GST rate of 12%.

·   Fabrics sold in a pack as ladies salwar suit. Any embroidery on a fabric piece or certain embellishment thereon does not change the basic nature of their being a fabric.

·   Heading 6307 would not cover a fabric pieces or a set of pre-packed fabric pieces, even if embroidered or embellished. Such set of fabric pieces would attract GST at the rate of 5%.

·   In SNo. 234 of 1/2017 for 5% GST notification specifically applies only the goods falling under chapters 84, 85 and 94 of the Tariff. Therefore, this concession would be available only to such machinery, equipment etc., which fall under Chapter 84, 85 and 94 and used in the initial setting up of renewable energy plants and devices including WTEP. This entry does not cover goods falling under other chapters, say a transport vehicle falling under Chapter 87 that may be used for movement of waste to WTEP.

·   Turbo charger for Railway is specifically classified under chapter HS code 8414 80 30. It continues to remain classified under this code irrespective of its use by Railways. Therefore, it is clarified that the turbo charger is classified under heading 8414 and attracts 18% GST.

·   Inter-state movement of goods for provision of service on own account is not supply and not liable to GST. No transfer of title in such goods or transfer of goods to the distinct person by way of stock transfer is involved, it does not constitute a supply of such goods. Hence, it is clarified that any such movement on own account (not involving distinct person in terms of section 25), where such movement is not intended for further supply of such goods does not constitute a supply and would not be liable to GST.

GST Circular No. 80/54/2018-GST dated 31st December 2018

Sprayers are the same as Sprinklers for Irrigation

·   Clarification Leads to Withdrawal of SCN on Sprinkler Importers by Customs

GST Circular No. 81/55/2018-GST dated 31st December 2018

Seeks to extend the time period specified in notification No. 31/2018-CT dated 06.08.2018 for availing the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process.

67/2018-Central Tax, dt. 31-12-2018

Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

68/2018-Central Tax, dt. 31-12-2018

Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

69/2018-Central Tax, dt. 31-12-2018

Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

70/2018-Central Tax, dt. 31-12-2018

Seeks to extend the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers.

71/2018-Central Tax, dt. 31-12-2018

Seeks to extend the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the newly migrated taxpayers.

72/2018-Central Tax, dt. 31-12-2018

Seeks to exempt supplies made by Government Departments and PSUs to other Government Departments and vice-versa from TDS.

73/2018-Central Tax, dt. 31-12-2018

Fourteenth amendment to the CGST Rules, 2017.

74/2018-Central Tax, dt. 31-12-2018

Seeks to fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-1 for the period July, 2017 to September, 2018 in specified cases.

75/2018-Central Tax, dt. 31-12-2018

Seeks to specify the late fee payable for delayed filing of FORM GSTR-3B and fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-3B for the period July, 2017 to September, 2018 in specified cases.

76/2018-Central Tax, dt. 31-12-2018

Seeks to fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-4 for the period July, 2017 to September, 2018.

77/2018-Central Tax, dt. 31-12-2018

Seeks to extend the due date for furnishing FORM ITC-04 for the period from July, 2017 to December, 2018 till 31.03.2019.

78/2018-Central Tax ,dt. 31-12-2018

Seeks to amend notification No. 2/2017 - Central Taxes dated 19.06.2017.

79/2018-Central Tax, dt. 31-12-2018

Seeks to further amend notification No. 1/2017-Central Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting.

24/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to further amend notification No. 2/2017-Central Tax (Rate) dated 28.06.2017 to exempt GST on goods as per recommendations of the GST Council in its 31st meeting.

25/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to exempt central tax on supply of gold by nominated agencies to registered persons.

26/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

27/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

28/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

29/2018-Central Tax (Rate), dt. 31-12-2018

Seeks to insert explanation in an item in notification No. 11/2017 – Central Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017.

30/2018-Central Tax (Rate), dt. 31-12-2018

CGST REFUND

SEVA BHOJ YOJNA (SBY) Scheme on IGST Paid for Free Food Distribution by Temples and other like Bodies

Circular No. 75/49/2018-GST dated 27th December 2018

GST Council Slashes Rates, New Slab of Five Percent for Small Service Providers

PIB Press Release dated 22nd December 2018

Recommendations Made by the GST Council in its 31st Meeting at New Delhi on 22 Dec 2018

PIB Press Release dated 22nd December 2018

Recommendations for Changes in GST Acts

PIB Press Release dated 22nd December 2018

Important Issues Referred by GST Council to various Committees on 22 Dec 2018

PIB Press Release dated 22nd December 2018

GST Council Approves Formation of seven Member Group of Ministers to Study Revenue Trend

PIB Press Release dated 22nd December 2018

Lapsed ITC can be Claimed till 31 March 2019, Last Date of 30 Sept Challenged

·    Gujarat High Court Accepts Petition Challaning GST Law to Restrict ITC Claimed upto Sept 2018 GSTR 3B

ABS News Service/12.12.2018

GST Regime has not Upped Tax in Real Estate, says Govt

·    GST Rates same as previous Excise Regime

·    No GST after Completion Certification

·    ITC available to Builders in Pre-completion Cases, he is to pass onto Buyer in Low Price

Press Release dated 8 December, 2018

GSTR 9, 9A and 9C Forms Uploading on Portal Shortly

·    Last Date for Filing Extended to 31 March 2019

Press Release dated 7 December 2018

Last Date for Filing GSTR-3B, GSTR-1, GSTR-4 and GSTR-7 by Taxpayers in Cyclone Affected Tamil Nadu and Srikakulam (AP) Extended

Ntfn 62 to 66 Central Tax dated 29 November 2018

IGST Refund for Non EDI Exports through Email Info to DG Systems – Field Formations asked to Speed Up uploading

CBIC Instruction No. 20 /2018-Customs dated 26 November 2018

New Deal for Import Export E-Way Bill

·    Multiple Parties and Part Consignments Recognised

MoF Press Release

Corrigendum dated 12 November 2018 to Ntfn 60/2018-Central Tax, dated the 30th October, 2018

Corrigendum dated 12 November 2018

Embassies and UN Organizations are Filing Wrong Information of Place of Supply in Form GSTR-11 under Rule 82 of CGST Rules, 2017

·   Place of Supply means where Goods will be Delivered According to Invoice, not where Firm/Entity is Registered

·   Same State Supplier and Place of Supply then CGST + SGST is Charged, Different States then IGST is Charged

CBIC Press Release dated 9th November 2018

GST Refund Rs. 82,775 crs Claimed by CBIC as on 31 Oct 2018

·   ITC Refund Due under RFD-01A is High Rs. 2,146 crs for States

CBIC Press Release dated 8th November 2018

Agent (DCA or Del-Credere) Liability for GST Clarified

Circular No. 73/47/2018-GST Dated 5th November, 2018

In GST Supply Chain Charge First Order Seller for Goods Value and Second Order for Service Rendered

Circular No. 74/48/2018-GST Dated the 5th November, 2018

TDS Exempted on Supply from PSU to PSU from 1 Oct. 2018

Notification No. 61/2018 - Central Tax Dated 5th November, 2018

GST Practitioners to Pass NACIN Exam within Two years of Registration

·    Computer Based Multiple Choice Question Paper of 2.5 hrs Prescribed

Notification No. 60/2018 – Central Tax dated 30 October 2018

GOI Reaches out State MSME on GST

F.No.349/94/2017-GST(Pt), GST Policy Wing dated 29.10.2018

Refund Claim in Deficiency Memo Cases – No Re-credit in Ledger – Refund Application to be Accepted under earlier Application Reference Number (ARN)

·   IGST Refund Allowed in EPCG Cases even during the period 13 Oct 2017-9 Oct 2018

Circular No. 70/44/2018 –GST dated 26 October 2018

Clarification of Casual Taxable Person (CTP)

·   Advance GST for CTP on Net Basis after ITC Credit

·   CTP will be Treated as Normal Taxable Person after 180 days

·   Excess Credit Distributed by ISD to be Voluntarily Deposited Back with Interest in Form DRC-07

Circular No. 71/45/2018-GST dated 26 October 2018

Credit Note Issue for Expired Drugs Clarified

·   Time expired drugs or medicines under the GST laws

·   Return of time expired goods to be treated as fresh supply

·   Return of time expired goods by issuing Credit Note

·   Issuing a delivery challan

·   Credit note is issued within the time limit specified in sub-section (2) of section 34 of the CGST Act, the tax liability may be adjusted by the supplier

·   Time limit specified in sub-section (2) of section 34 of the CGST Act has lapsed but the tax liability cannot be adjusted by him in his hands

·   There is no requirement to declare such credit note on the common portal by the supplier

·   where the time expired goods, which have been returned by the retailer/wholesaler, are destroyed by the manufacturer, he/she is required to reverse the ITC attributable to the manufacture of such goods

Circular No. 72/46/2018-GST dated 26 October 2018

Cancellation of GST Registration Procedure Specified

Circular No. 69/43/2018-GST dated 26 October 2018

GST ITC-04 Time Limit Extended to 31 December 2018 for Job Worker Movements during July 2017-Sept 2018

Notification No. 59/2018 – Central Tax dated 26 October 2018

Final Return of Cancelled Registration Cases in GSTR-10 before 31 Dec. 2018

Notification No. 58/2018 – Central Tax dated 26 October 2018

Post Audit Authorities under MoD from TDS Compliance Exempted under TDS Section 51(1) of CGST Act, 2017

Notification No. 57/2018 – Central Tax dated 23 October 2018

Inter-State Supplies of Handicraft Goods Exempted from CGST Registration

·   No E-Way Bill Exemption

Notification No. 56/2018 – Central Tax dated 23 October 2018

Last Date for GSTR-3B Filing Extended to 25 Oct’2018 for GST Period July 2017 - March 2018

Notification No. 55/2018 – Central Tax dated 21 October 2018

Inter-State Supplies of Handicraft Goods Exempted from GST Registration

·    No E-Way Bill Exemption

·    Required to obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of rule 138 of the Central Goods and Services Tax Rules, 2017

Notification No. 3/2018 – Integrated Tax dated 22 October 2018

Last Date for GSTR-3B Filing Extended to 31 Dec. from 30 Sept 2018 for New Migrants to Enable them to Claim Credit for 2017-18

·    GSTR 2A Review of Purchases, Reconciliation for Credit can be done in subsequent period after 3B filing

MoF Press Release dated 18.10.2018

Quarterly Return Filing by Composition Dealers in FORM GSTR-4 – MoF Clarification

·    Taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of FORM GSTR-4.

MoF Press Release dated 17 October 2018

Clarifications of GST Refund

MoF Press Release dated 12 October 2018

Amendments in CGST Rules 2017

·    Rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10).

·    Rule 89 - Application for refund of tax, interest, penalty, fees or any other amount

·    Rule 96 - Refund of integrated tax paid on goods or services exported out of India

Notification No. 54/2018 – Central Tax dated 9 October 2018

CGST Rules 2017 Amended

·    Rule 96 - Refund of integrated tax paid on goods or services exported out of India

Notification No. 53/2018 – Central Tax dated 9 October 2018

IGST Refund not Granted Due to Claiming Higher Rate of Drawback or where Higher Rate and Lower Rate were Identical

CBIC Circular No. 37/2018-Customs dated 9 October 2018

UN Agencies are Entitled to Refund of Compensation Cess on Intra-State and Inter-State Supply of Goods or Services under Sec. 55 of CGST Act, 2017

Circular No. 68/42/2018-GST dated 5 October 2018

Online Registration and Filing of Claims, by Eligible Units for Disbursal of Budgetary Support under GST Regime

·    States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim

Circular No.1067/6 /2018-CX Dated 5th October, 2018

Eight Digit Accounting Code for GST TDS Introduced

Circular No. 67/41/2018-DOR dated 28 September 2018

No GST on Fees for Yoga Camp for Income Tax Exempt Entities

Circular No. 66/40/2018-GST dated 26 September 2018

E-Commerce Operators to Collect 1% GST in All Transactions

52-CT/20.09.2018
02-IGST/20.09.2018

Joint Ventures of Government through Subsidiaries also covered for Exemption of Lease Rentals for Industrial Promotion

23-CT(Rate)/20.09.2018
24-IGST(Rate)/20.09.2018

Last Date for Submission of Declaration in TRAN-1 Form Extended to 31 Jan 2019

·    Date Extended Dye to Failure of GSTN Portal

Order No. 4/2018-GST dated 17 September 2018

2% TDS for GST on Value to be Deducted on All Payments above Rs. 2.50 lakhs from 1 Oct, 2018

·    Guidelines for Deductions and Deposits of TDS under GST by DDO (Drawing and Disbursing Officer)

CGST Circular No. 65 dated 14th September 2018

E-way Bill Proceedings under Sec 129 of CGST Act, 2017

·    E-way Bill Invalid if Transport Detail in Part B not Furnished

·    Invoice is not an E-way Bill, Sec 129 Proceeding to Attracted

·    Minor Errors like Wrong Address but Locality Correct

·    Error in 4 or 6 Digit Level of HSN where the first 2 digits of HSN are correct

·    Error in One or Two Digits/Characters of the Vehicle Number

·    Penalty to the tune of Rs 500/- each under section 125 of the CGST Act and the respective State GST Act should be imposed (Rs.1000/- under the IGST Act) in FORM GST DRC-07 for every consignment

CGST Circular No. 64 dated 14th September 2018

Processing of GST Refund Claim by UIN Entities – CBIC Clarification

CGST Circular No. 63 dated 14th September 2018

Section 52 of CGST Act, 2017 Relating to TCS come into force from 1 Oct 2018

Central Tax Notification No. 51 dated 13th September 2018

Section 51(1) on Tax Deduction at Source of CGST Act, 2017 to come into force on 1 Oct 2018

Central Tax Notification No. 50 dated 13th September 2018

New Form GSTR-9C under Rule 80(3) of CGST Rules, 2017 Issued for Annual Return Reconciliation Statement

Central Tax Notification No. 49 dated 13th September 2018

12% GST will be Paid on Priority Sector Lending Certificates (PSLCs) for the Period 1 July 2017 to 27 May 2018 by Seller Bank on Forward Charge Basis – CBIC Clarifies

CGST Circular No. 62 dated 12th September 2018

Due Dates for Filing of FORM GSTR-1 and FORM GSTR-3B Extended

MoF Press Release dated 10.09.2018

GSTR-1 Quarterly Last Date Filing Date Extended

·      July-Sept 2017 to 31 Oct 2018

·      Oct-Dec 2017 to 31 Oct 2018

·      Jan-March 2018 to 31 Oct 2018

·      Apr-Jun 2018 to 31 Oct 2018

·      Jul-Sept 2018 to 31 Oct 2018

·      Oct-Dec 2018 to 31 Jan 2019

·      Jan-Mar 2019 to 30 Apr 2019

Notification No. 43/2018 – Central Tax dated 10 September 2018

GSTR-1 Filing Date Extended to 11th of Succeeding Month for the Month of July ’17 - Sept 2018 till 31 Oct 2018 for Units Turnover above Rs. 1.5 crs

Notification No. 44 /2018 – Central Tax dated 10 September 2018

GSTR-3B Return Filing –Taxpayers who have Obtained GSTIN Number to File Electronically thru Common Portal on or before 31 Dec 2018

Notification No. 45/2018 – Central Tax dated 10 September 2018

GSTR-3B Online Filing Date

Notification No. 46/2018 – Central Tax dated 10 September 2018

Taxpayers who have Obtained Goods and Services Tax Identification Number (GSTIN) to File Form GSTR-3B  Electronically thru Common Portal on or before 31 December 2018

Notification No. 47/2018 – Central Tax dated 10 September 2018

Amendments in CGST Rules, 2017

·      Rule 117 - Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day

·      Rule 142- Notice and order for demand of amounts payable under the Act

Notification No. 48 /2018 – Central Tax dated 10 September 2018

E-way Bill in Case of Storing of Goods in Godown of Transporter

Circular No. 61/35/2018-GST dated 4 September 2018

Procedures for Filing and Processing Refund Claims by Canteen Stores Department (CSD) – CBIC Clarification

Circular No. 60/34/2018-GST dated 4 September 2018

CBIC Clarifications on Refund on Exports

Circular No. 59/33/2018-GST dated 4 September 2018

CENVAT Credit Wrongly Availed under Transitional Credit in GST

Circular No. 58/32/2018-GST dated 4 September 2018

CBIC Clarifies the Term ‘Agent’ for GST Liability where there is no Consideration as such under CGST Act, 2017

Circular No. 57/31/2018-GST dated 4 September 2018

Amendments in CGST Rules, 2017

·   Rule 22 – Cancellation of Registration

·   Dropping of Cancellation of Registration Procedure

·   Rule 36 - Documentary requirements and conditions for claiming input tax credit

·   ITC eligible as long as 4 parameters detail in supply available

·   Rule 55 - Transportation of goods without issue of invoice

·   Batches or Lots Supply Recognised along with CKD

·   Rule 89 - Application for refund of tax, interest, penalty, fees or any other amount

·   Adjusted Total Turnover Defined

·   Rule 96. Refund of integrated tax paid on goods or services exported out of India

·   Denial in Cases where 48/2017(GST), 40/2017 (GST), 41/2017 (GST) or 78/2017 (Cus), 79/2017 (Cus) is Availed

·   Rule 138A. Documents and Devices to be Carried by a Person-in-Charge of a Conveyance

·   E-way Bill – Driver must Carry Entry Copy

·   FORM GST REG-20

·   FORM GST ITC-04

·   FORM GSTR-9 (See rule 80) Annual Return

·   FORM GSTR-9A (See rule 80) Annual Return (For Composition Taxpayer

·  FORM GST EWB-01

Notification No. 39/2018 – Central Tax dated 4 September 2018

Time Limit for Making Declaration in Form GST ITC-01 and Form GST-CMP-04 (2 March, 31 March 2018) Extended for a Period of 30 Days

Notification No.42/2018 – Central Tax dated 4 September 2018

Late Fee Waived for GSTR-3B, GSTR-4 and GSTR-6

Notification No. 41/2018 – Central Tax dated 4 September 2018

Time Limit for Declaration in Form GST ITC-04 for the Period July 2017 to June 2018 Extended till 30 Sept 2018

Notification No. 40/2018 – Central Tax dated 4 September 2018

TRU Clarification of Refund of Accumulated ITC on Fabrics by 5/2017 dated 28.06.2017

CBIC Circular No.56/30/2018-GST dated 24 August 2018

Last Date for Filing GSTR-3B and GSTR-1 by Taxpayers in Kerala, Kodagu (Karnataka) and Puducherry Extended till Oct-Nov 2018

Notification No. 36 to 38/2018 – Central Tax dated 24 August 2018

Last Date for Filing GSTR-3B and GSTR-1 by Taxpayers in Kerala Extended to Oct-Nov

MoF Press Release 21 August 2018

Last Date for Filing GSTR-3B for July, 2018 Extended till 24th August, 2018 for All Class of Taxpayers

Notification No. 35/2018 – Central Tax dated 21 August 2018

Ten Member Standing Committee for Consumer Welfare Fund Constituted under Sec. 97(4) of CGST Rules, 2017 and Sec.168 of CGST Act, 2017

03-CT/16.08.2018

IGST Amendment Bill Introduced in Lok Sabha to Implement GST Council Decisions

Lok Sabha

CGST Amendment Bill Introduced in Lok Sabha to Implement GST Council Decisions

Lok Sabha

Compensation Cess Amendment Bill Introduced in Lok Sabha to Implement GST Council Decisions

Lok Sabha

GSTN to Monitor GSTR-1 and 3B for Tax Evaders

PIB Delhi Press Release dated 10th August 2018

GSTR-1 Filing Date Extended to 11th of Succeeding Month for the Month of July 2018 to March 2019 for Units Turnover above Rs. 1.5 crs

Notification No. 32 /2018 – Central Tax dated 10 August 2018

GSTR-1 Quarterly Last Date Filing Date Extended

·    July-Sept 2018 to 31 Oct 2018

·    Oct-Dec 2018 to 31 Jan 2019

·    Jan-March 2019 to 30 Apr 2019

Notification No. 33/2018 – Central Tax dated 10 August 2018

GSTR-3B Last Date Extended to 20th Day of Next Month in July 2018 to March 2019 Period

Notification No. 34/2018 – Central Tax dated 10 August 2018

GST Applicable on Goods and Services – CBIC Clarification

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