The GST Council meeting on July 21, 2018 reduced / rationalized the rate of tax on certain goods and services.         E Way Bill Ė Updated Bulk Generation Tool Released         Reverse Charge Exemption Extended till 30/09/2018         Extension of suspension of provisions relating to tax deduction at source (TDS) and collection of tax at source (TCS) till 30/09/2018.
Ofcourse, registration is Free! 

 

Greetings!

CBIC - Circular issued on 09/08/2018

S.No.

Circular No.

Date

Subject

1.

52/26/2018-GST

09/08/2018

Clarification regarding applicability of GST rates on various goods and services.

2.

53/27/2018-GST

09/08/2018

Clarification regarding applicability of GST on petroleum gases retained for the manufacture of petrochemical and chemical products.

3.

54/28/2018-GST

09/08/2018 

Classification of fertilizers supplied for use in the manufacture of other fertilizers at 5 % GST rate. 

4. 55/29/2018- GST

10/08/2018 

Taxability of services provided by Industrial Training Institutes (ITI). 

 

Click to view / download the Circular

Date : 11/08/2018

 

  

Due Date for Filing of GSTR-1 extended by one day till March 2019

The time limit for furnishing the details of outward supplies in FORM GSTR-1, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from July, 2018 to March, 2019 is extended till the eleventh day of the month succeeding such month.

The time limit for furnishing the details or return, as the case may be, under subsection (2) of section 38 and sub-section (1) of section 39 for the months of July, 2018 to March, 2019 shall be subsequently notified.

Click to view / download the Notification No.32/2018-Central Tax, dated 10/08/2018.

The due dates for  furnishing of quarterly FORM GSTR-1 for those taxpayers with aggregate turnover of up to Rs.1.5 crores is as follows :

S.No.

Quarter for which details in FORM GSTR-1 are furnished

Time period for furnishing details in FORM GSTR-1

1.

July - September, 2018

31st October, 2018

2.

October - December, 2018

31st January, 2019

3.

January - March, 2019 

30th April, 2019

 

Click to view / download the Notification No.33/2018-Central Tax, dated 10/08/2018.

The return in FORM GSTR-3B of the said rules for each of the months from July, 2018 to March, 2019 shall be furnished electronically through the common portal, on or before the twentieth day of the month succeeding such month by all tax payers.

Click to view / download the Notification No.34/2018-Central Tax, dated 10/08/2018.

Date : 10/08/2018

 

GST Amendment Bills, 2018

The Government has introduced in the Lok Sabha the following four bills to simplify filing of returns and compliance.

The Central GST (Amendment) Bill, 2018.

The Integrated GST (Amendment) Bill, 2018.

The GST (Compensation to States) Amendment Bill, 2018.

The Union Territory GST (Amendment) Bill, 2018.

Click to view/download GST Amendment Bills

Date : 09/08/2018

CBIC - Notifications issued on 06/08/2018

S.No.

Notification No.

Date

Subject

1.

31/2018-Central Tax

06/08/2018

Seeks to lay down the special procedure for completing migration of taxpayers who received provisional IDs but could not complete the migration process.

2.

22/2018-Central Tax (Rate)

06/08/2018

Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 30.09.2019.

3.

23/2018-Integrated Tax (Rate)

06/08/2018 

Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.09.2019. 

4. 22/2018-Union Territory tax (rate)

06/08/2018 

Seeks to exempt payment of tax under section 7(4) of the UTGST Act, 2017 till 30.09.2019. 

Click to view/download Notifications

Date : 07/08/2018

GST Council Ė Meeting on August 4, 2018

The GST Council had in the meeting held on August 4, 2018, deliberated on hardships and Issues related to small businessmen and retailers.

Briefing the press Finance Minister Piyush Goyal stated that a group of ministers (GoM), headed by Minister of State for Finance Shiv Pratap Shukla, has been formed to look into GST-related issues of the MSME sector. The GoM includes Delhi Deputy Chief Minister Manish Sisodia, Punjab Finance Minister Manpreet Singh Badal, Kerala Finance Minister T M Thomas Issac, Bihar Deputy Chief Minister Sushil Modi and Assam Finance Minister Himanta Biswa Sarma.

The Council has also discussed on promoting digital transactions.

Date : 04/08/2018

CBIC - Circular issued on 01/08/2018

S.No.

Circular No.

Date

Subject

1.

51/25/2018-GST

31/07/2018

Applicability of GST on ambulance services provided to Government by private service providers under the National Health Mission (NHM).

2.

50/24/2018-GST

31/07/2018

Withdrawal of Circular No. 28/02/2018-GST dated 08/01/2018 as amended vide Corrigendum dated 18/01/2018 and Order No 02/2018ĖCentral Tax dated 31/03/2018.

Click to view/download Circular

Date : 01/08/2018  

ISD Ė GSTR-6 due date for July, 2017 to August, 2018 extended

The time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6, for the months of July, 2017 to August, 2018 is extended till the 30th day of September, 2018.

Click to view/download Notification

Date : 31/07/2018

GST - Simplified Return Formats with notes

CBIC has made available the format of the proposed GST Return formats approved by the GST Council in its 28th meeting held on 21st July, 2018 together with brief note on the salient features of the new return format and business process for the information of trade and industry and other stakeholders.

The contents are

S.NO.

NAME

DESCRIPTION

1.

Features

Key Features of Monthly Returns.

2.

Features

Key Features of Quarterly Returns.

3.

Questionnaire

Questionnaire for filing up Annexure of supplies to Main return.

4.

Annexure of Supplies to main return

Details of outward supplies, imports and inward supplies attracting reverse charge with instructions.

5.

GSTR

Main return with instructions.

6.

Annexure of Inward Supplies

Annexure of inward supplies auto-populated from Annexure of supplies with instructions.

7.

Questionnaire

Questionnaire for filing amendment to Annexure of supplies to Main return.

8.

Amendment to Annexure of Supplies

Amendment to the Annexure of supplies reported earlier along with instructions.

9.

GSTR ĖA

Amendment to main return with instructions.

10.

Option

Option for choosing type of quarterly return.

11.

GST PMT

Payment of self-assessed tax before filing return with instructions.

12.

GSTR - Sahaj

Return format for taxpayers making B2C supplies only with instructions.

13.

Annexure to Sugam

Annexure to Sugam for reporting B2B supplies with instructions.

14.

GSTR - Sugam

Return format for taxpayers making B2C and B2B supplies only with instructions.

15.

GSTR-Quarterly

Return format for taxpayers filing quarterly return.

Click to view/download GST - Simplified Return Formats with notes

Date : 30/07/2018

 

CGST Rate Notification Issued on 26/07/2018

S.No

Notification

Date

Subject

1.

13/2018-Central Tax (Rate)

26-07-2018

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 28th meeting held on 21.07.2018.

2.

14/2018-Central Tax (Rate)

26-07-2018

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 28th meeting held on 21.07.2018.

3.

15/2018-Central Tax (Rate)

26-07-2018

Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM).

4.

16/2018-Central Tax (Rate)

26-07-2018

Seeks to amend notification No. 14/2017- Central Tax (Rate) to notify that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service.

5.

17/2018-Central Tax (Rate)

26-07-2018

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

6.

18/2018-Central Tax (Rate)

26-07-2018

Seeks to amend Notification No. 01/2017-Central Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

7.

19/2018-Central Tax (Rate)

26-07-2018

Seeks to amend Notification No. 02/2017-Central Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

8.

20/2018-Central Tax (Rate)

26-07-2018

Seeks to amend Notification No 05/2017-Central Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

9.

21/2018-Central Tax (Rate)

26-07-2018

Seeks to prescribe concessional CGST rate on specified handicraft items, to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

Click to view / download CGST Notification.

 

IGST Rate Notification Issued on 26/07/2018

S.No

Notification

Date

Subject

1.

14/2018-Integrated Tax (Rate)

26-07-2018

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 28th meeting held on 21.07.2018.

2.

15/2018-Integrated Tax (Rate)

26-07-2018

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 28th meeting held on 21.07.2018.

3.

16/2018-Integrated Tax (Rate)

26-07-2018

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM).

4.

17/2018-Integrated Tax (Rate)

26-07-2018

Seeks to amend notification No. 11/2017- Integrated Tax (Rate) to notify that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service.

5.

18/2018-Integrated Tax (Rate)

26-07-2018

Seeks to insert explanation in an item in notification No. 8/2017 Ė Integrated Tax (Rate) by exercising powers conferred under section 6(3) of IGST Act, 2017.

6.

19/2018-Integrated Tax (Rate)

26-07-2018

Seeks to amend Notification 01/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

7.

20/2018-Integrated Tax (Rate)

26-07-2018

Seeks to amend Notification 02/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

8.

21/2018-Integrated Tax (Rate)

26-07-2018

Seeks to amend Notification 05/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

9.

22/2018-Integrated Tax (Rate)

26-07-2018

Seeks to prescribe concessional IGST rate on specified handicraft items, to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

Click to view / download IGST Notification.

UTGST Rate Notification Issued on 26/07/2018

S.No

Notification

Date

Subject

1.

13/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018.

2.

14/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018.

3.

15/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM).

4.

16/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend notification No. 14/2017- Union Territory Tax (Rate) to notify that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service.

5.

17/2018-Union Territory tax (Rate)

26-07-2018

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

6.

18/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend Notification 01/2017-Union Territory Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

7.

19/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend Notification 02/2017-Union Territory Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

8.

20/2018-Union Territory tax (Rate)

26-07-2018

Seeks to amend Notification 05/2017-Union Territory Tax (Rate), dt. 28-06-2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

9.

21/2018-Union Territory tax (Rate)

26-07-2018

Seeks to prescribe concessional UTGST rate on specified handicraft items, to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

Click to view / download UTGST Notification.

 

Compensation Cess Rate Notification Issued on 26/07/2018

S.No

Notification

Date

Subject

1.

02/2018-Compensation Cess (Rate)

26-07-2018

Seeks to amend Notification No. 1/2017 -Compensation Cess (Rate) dated 28.06.2017 to give effect to the recommendations of the GST Council in itís 28th meeting held on 21.07.2018.

Click to view / download Compensation Cess GST Notification.

Date : 27/07/2018

GST Council Meeting on MSME Sector

The GST Council had in the meeting held on 22nd July, 2018, decided to have a Meeting exclusively to focus upon the issues / hardships faced by Micro, Small & Medium Enterprises (MSME) related to GST on 4th August, 2018. The session would consider on all aspects of GST with specific focus upon law, policy, procedure, notifications, rates, GSTN related issues etc. effecting the MSME taxpayers / sector.

The CBIC has requested the tax authorities to contact the MSME taxpayers and their trade & Industry Associations to collect their grievances / issues related to GST along with suggestions thereof for mitigating the issues.

Click to view / download CBIC Communication on MSME GST Issues.

Date : 21/07/2018

GST Council Ė Meeting on July 21, 2018

The GST Council has in the meeting on July 21, 2018 reduced / rationalized the rate of tax on certain goods and services.

Here are the highlights of the rationalization of rate of tax.

GST - Rate of Tax on Goods

The GST Council approved revision of rates on several commodities.

Here are the highlights of the Rate of Tax Reduced.

Exempt from GST:

  Commemorative coins circulated by the RBI or government.

  Deities made of stone, marble or wood.

  Fortified milk.

  Raakhis, without any precious metals.

  Raw material used in brooms.

  Saal leaves.

  Sanitary pads.  

Reduced to 5% from 12% :

  Handloom dari.

  Fertiliser grade phosphoric acid.

Reduced to 5% from 18% :

  Ethanol for purchase by OMCs

Reduced to 18% from 28% :

  Cosmetics.

  Electric smoothing irons

  Food grinders, mixers.

  Hand dryes.

  Ice cream freezer.

  Lithium-ion batteries reduced.

  Paint and Varnishes.  

  Perfumes.

  Refrigerators.

  Scents.

  Shavers, hair clippers.

  Storage water heaters.  

  Vaccum cleaners.

  Water cooler.  

Other Decisions:

  Periodicity of filing of returns as quarterly for taxable person with annual turnover of upto Rs. 5 crores made quarterly. Tax would continued to be paid monthly.

  No decision was taken on Sugar cess.

The GST Council has recommended certain Amendments to the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act, 2017.

Click to download / view the following press release

GST Council - Recommendations - meeting on 21-07-2018

GST Council - Simplified GST Return approved - meeting on 21-07-2018

GST Council - GST rate on Services Recommendations - meeting on 21-07-2018

GST Council -GST rate on Goods Recommendations - meeting on 21-07-2018

Recommendations on opening of migration window for tax payers till 31st August, 2018

Date : 21/07/2018

 

CBIC help desks - Refund of IGST on export of Goods on payment of duty

CBIC has set up Help Desks at the offices of FIEO and AEPC for expeditious resolution of IGST refund related issues.

The Help Desks would be located at the locations mentioned in Annexure A to the circular and would function for a period of 2 weeks till 1st August, 2018. They will be manned by officers of Customs, who shall be nominated by the jurisdictional Customs zone.

Click to view CBIC Circular on help desk for IGST refund on export of goods.

E Way Bill - Nodal officers nominated for implementation of e-way bill system

Grievance Redressal Officers have been appointed by both Central and State Governments under the provisions of e-way bill rules for processing the complaints/information uploaded by taxpayers/transporters regarding detention of their vehicle.

Click to view press release.

Click to view details of Grievance Redressal Officers.

Date : 19/07/2018

CBIC to observe Third Refund Fortnight to clear pending refunds

In continuation of the two special drives cum refund in March 2018 and June 2018, CBIC has decided to observe another refund fortnight from 16th July, 2018 to 30th July, 2018.

It is stated in the Press Release that dedicated refund cells and helpdesks would be provided for exporters to get their refund claims processed, in each Commisssionerates and that the facility to view reasons for pending IGST refunds have been provided on ICEGATE.

Click to view CBIC Press Release on third refund fortnight.

Date : 17/07/2018

CBIC launches web help service

A happy news for tax payersÖ The Central Board of Indirect Taxes and Customs ( CBIC ) has now introduced a web-help service in its website which will enable the tax payers to get faster solution for their issues.

Web-help service is now available on CBIC website for the taxpayers where they can get faster resolution of their query. This can be accessed on the website http://cbec-gst.gov.in through ďSELF SERVICEĒ option.

To make a query, the below steps are need to be followed.

Please select the relevant option/drop down related to your query. ii. Click on the relevant FAQs in the pop-up window to get your answer. iii. If relevant answer or FAQ is not available with respect to your query, please proceed with ticket logging.

Date : 13/07/2018

Amendments to GST Act proposed

GST Council has made available the draft of changes proposed in the GST Act. The amendments would be taken up in the monsoon session of the Parliament.

Amendment is proposed in the CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 with a view to streamlining the GST Acts and ironing out inconsistency and facilitate easier compliance.

Click to download proposed amendment to GST Law

Date : 12/07/2018

CBIC Circular on issues related to SEZ and refund of unutilized ITC for job workers

CBIC has vide Circular No.48/22/2018-GST, Dated 14th June, 2018 issued the following clarifications.

Accommodation service provided to SEZ unit/Developer is Inter-State supply

  Services of short term accommodation, conferencing, banqueting etc., provided to a SEZ developer or a SEZ unit shall be treated as an inter-State supply.

  Service providers who have executed LUT/Bond, they may supply without charging GST. If the service provider has not executed LUT/Bond, they may claim refund of GST charged.

  The SEZ unit is required to get the endorsement on the invoice of the Specified officer that such supplies have been received by the SEZ developer or SEZ unit for authorized operations.

Fabric Processors - eligibility for refund of unutilized ITC on account of inverted duty structure.

  The CBIC noting that in case of fabric processors, the output supply is the supply of job work services and not of goods (fabrics), clarified that the fabric processors shall be eligible for refund of unutilized ITC on account of inverted duty structure under section 54(3) of the CGST Act even if the goods (fabrics) supplied to them are covered under notification No. 5/2017-Central Tax (Rate) dated 28.06.2017.

Click to view / download Circular No. 48/22/2018-GST, Dated 14th June, 2018.

CBIC - Procedure for change of e-mail ID and Mobile Number. of authorized signatory

The Ministry of Finance has by the press release prescribed the following procedure for change of of e-mail ID and Mobile Number of authorized signatory with the assistance from the jurisdictional tax officer of the taxpayer.

Steps to be followed:-

  Taxpayer is required to approach the concerned jurisdictional Tax Officer to get the password for the GSTIN allotted to the business.

< Jurisdiction can be checked through Search Taxpayer option available on https://www.gst.gov.in , > Allotted jurisdiction is displayed in red text

  Taxpayer would be required to provide valid documents to the tax officer as proof of his/her identity and to validate the business details related to his GSTIN.

  Tax officer will check if the said person is added as a Stakeholder or Authorized Signatory for that GSTIN in the system.

  Tax officer will upload necessary proof on the GST Portal in support to authenticate the activity.

  Tax officer will enter the new email address and mobile phone number provided by the Taxpayer.

  After upload of document, Tax officer will reset the password for the GSTIN in the system..

  Username and Temporary password reset will be communicated to the email address as entered by the Tax Officer.

  Taxpayer need to login on GST Portal https://www.gst.gov.in/  using the First time login link.

  After first time login with the Username and Temporary password that was emailed to him, system would prompt the taxpayer to change username and password. The said username and password can now be used by the taxpayer.

Click to view / download Press Release on Procedure to change details of Authorised Signatory.

Date : 15/06/2018

CBIC - Explanatory Notes to the Scheme of Classification of Services 

CBIC has issued the explanatory notes to the scheme of classification of services under GST. The Scheme of Classification of Services adopted for the purposes of GST is a modified version of the United Nations Central Product Classification. The explanatory notes has indicated the scope and coverage of the heading, groups and service codes of the Scheme of Classification of Services. These may be used by the assessee and the tax administration as a guiding tool for classification of services.

Click to view / download CBIC Ė Explanatory Notes to the Scheme of Classification of Services.

Date : 12/06/2018