FORM GSTR-6 due date extended till 31.07.2018
Posted Date : 01-Jun-2018 , 07:26:15 am | Posted By CASANSAAR
The last date for filing of return in FORM GSTR-6 by Input Service Distributors for the months from July, 2017 to June, 2018 is being extended till 31.07.2018.
GST@GoIVerified account @askGST_GoI 14h14 hours ago
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The last date for filing ...
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Special GST Refund Fortnight from 31.05.2018 to 14.06.2018
Posted Date : 30-May-2018 , 09:50:35 am | Posted By CASANSAAR
Refunds of GST have been a concern for both the Government and Trade for the past several months. Till now, the Government has sanctioned more than Rs 30,000 crore as GST Refund. This includes an amount of Rs 16,000 crore of IGST and Rs 14,000 crore of ITC. The figures of ITC include sanction by bot...
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Exporters GST refund: Second phase of fast track clearance drive from Thursday
Posted Date : 30-May-2018 , 10:37:59 am | Posted By CASANSAAR
With an estimated Rs 20,000 crore exporters' refund still stuck, the government will launch the second phase of refund fortnight beginning May 31 to fast-track clearances.
"Special Refund Fortnight" to be organised from May 31 to June 14 in which Center and state GST officers ...
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Sale of GOING CONCERN exempt from GST- AAR
Posted Date : 28-May-2018 , 09:17:11 pm | Posted By CASANSAAR
Sale of a going concern by a business house will not attract Goods and Services Tax (GST), as per an order by the Authority for Advance Ruling (AAR). The Karnataka bench of the AAR gave its ruling based on an application filed by Rajashri Foods Pvt Ltd which wanted to sell one of its units along wit...
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No change in the GST law and taxation relating to farmers since July, 2017
Posted Date : 28-May-2018 , 08:33:46 pm | Posted By CASANSAAR
No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing or animal husbandry are exempt from GST; Agriculturists are also exempted from taking GST Registration.
It has been reported in certain section of the Press that certain ...
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GST levied only on final clearance of goods from warehouse - CBIC
Posted Date : 27-May-2018 , 01:01:11 pm | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on goods in customs warehouse only at the time of final clearance.
The move is aimed at ensuring ease of doing business for importers, experts said.
In a circular to principal chief commissioners and...
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Roll out of e-Way Bill system for intra-State movement of goods in the Maharashtra, Manipur and Union Territories
Posted Date : 24-May-2018 , 07:56:53 pm | Posted By CASANSAAR
As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 1st April, 2018. As on 23rd May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujara...
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Arrest made by Central Tax, Delhi East Commissionerate involving GST evasion of Rs. 28 Crore
Posted Date : 24-May-2018 , 03:30:03 am | Posted By CASANSAAR
Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry. It is the first case of arrest in Delhi, under the new tax regi...
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Two Held for Fraud Under GST Act in Delhi
Posted Date : 24-May-2018 , 11:08:53 am | Posted By CASANSAAR
Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry. It is the first case of arrest in Delhi, under the new tax regi...
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Canteen supplies provided by outside vendors to attract 18% GST - AAR
Posted Date : 22-May-2018 , 08:40:34 am | Posted By CASANSAAR
The Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has ruled that firms supplying food and beverages to canteens of other organisations are ‘outdoor caterers’ and the service would attract an 18% GST.
The ruling was delivered by Gujarat AAR on an application f...
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Damages paid for cancellation contract to attract 18% GST - AAR
Posted Date : 22-May-2018 , 07:42:32 am | Posted By CASANSAAR
The Authority for Advance Rulings (AAR) has ruled that payments in respect to nonperformance of a contract would be liable to goods and services tax (GST). This has made multinational companies, especially those executing infrastructure projects, and the mining sector jittery, and it could have impl...
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GST Council asks Centre, states to quickly set up appellate authorities
Posted Date : 21-May-2018 , 09:10:45 am | Posted By CASANSAAR
The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the Authority for Advance Rulings (AAR).
With AARs in different states started giving rulings since March, it has become imperative for the Centre as ...
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Coaching centres for entrance exams liable to 18% GST - AAR
Posted Date : 19-May-2018 , 11:12:18 am | Posted By CASANSAAR
Coaching centres providing tuition to prepare students for entrance examination are liable to pay 18 percent GST, according to the Authority for Advance Rulings (AAR).
An application was filed before the Maharashtra bench of the AAR to seek advance ruling on whether the services related to provid...
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GSTR-3B due date extended till 22nd May 2018
Posted Date : 18-May-2018 , 11:24:09 am | Posted By CASANSAAR
In the interest of taxpayers, it has been decided to extend the last date for filing of return in FORM GSTR-3B for the month of April, 2018 for two days, i.e., till 22nd May, 2018. The notification in this regard shall be published shortly.
Earlier it was brought to the notice of the competent au...
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Free banking services out of GST Net - FinMin
Posted Date : 16-May-2018 , 09:18:51 am | Posted By CASANSAAR
Free banking services like cheque book issuance and ATM withdrawals are likely to remain out of the ambit of the Goods and Services Tax, a senior finance ministry official said.
The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of GST...
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Roll out of e-Way Bill system for intra-State movement of goods in the States of Assam & Rajasthan
Posted Date : 15-May-2018 , 10:13:48 am | Posted By CASANSAAR
As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on 13th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States/ Union Territory of Andhra Pradesh, Arunachal Pradesh, Bi...
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28% GST to be levied on e-rickshaw tyres - AAR
Posted Date : 14-May-2018 , 08:51:43 am | Posted By CASANSAAR
E-rickshaw tyres will attract GST at the highest slab of 28 per cent as they are registered as 'motor vehicles' under the Motor Vehicle Act, according to the order of the Authority for Advance Rulings (AAR).
The Maharastra-bench of the AAR passed the order on an application filed by tyre-...
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No consensus on GST concession for digital payments
Posted Date : 12-May-2018 , 09:10:30 am | Posted By CASANSAAR
The Group of State Finance Ministers, which met here on Friday to decide on providing a 2 percentage point concession in the GST rate for digital payments, could not reach a consensus.
“We need some more data to arrive at a decision,” Sushil Kumar Modi, Deputy Chief Minister of Bihar ...
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Banks under taxman scanner for GST refund on ATM transactions
Posted Date : 11-May-2018 , 10:20:27 am | Posted By CASANSAAR
The indirect tax department’s investigation arm is scrutinising the GST credit availed by banks on taxes paid by their ATM vendors and could soon ask banks to cut the credit availed by them, two people with direct knowledge of the matter said.
The taxmen are examining whether ba...
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CBIC releases the list of e-way bill system grievance redressal officers
Posted Date : 10-May-2018 , 11:51:01 am | Posted By CASANSAAR
Central Board for Indirect Taxes and Custom (CBIC) has released list of grievance redressal Officers and their contact numbers for e-way bill system under rule 138D of Central/ State GST Rules, 2017.
The list include, name of the concerned officer, designation, email id and contact landline numbe...
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Food items served on train to attract full GST rate - AAR
Posted Date : 09-May-2018 , 08:41:17 am | Posted By CASANSAAR
Supply of food and beverages in trains will face goods and services tax as applicable on such items and not the concessional rate of 5% as specified by the government through a circular, Authority for Advance Rulings (AAR) said on Tuesday.
A train is a medium of transport and cannot be term...
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Govt may seek explanations for discrepancy in Income Tax, GST returns
Posted Date : 08-May-2018 , 10:17:22 pm | Posted By CASANSAAR
In a bid to boost measures against tax evasion, the government may ask taxpayers to explain any discrepancies between their income tax and GST returns. For this, the authority is looking to add a section in annual GSTR 9 form, reported Mint.
GSTR 9 is a return to be filed once a year by registere...
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GSTN to rope in private entities for tax payer profiling, fraud analytics
Posted Date : 08-May-2018 , 10:32:42 am | Posted By CASANSAAR
GST Network has invited bids from private entities for "360-degree" profiling of taxpayers for early detection of fraud as it seeks to transform into an end-to-end platform for checking GST evasion, from being just a tax collection portal.
The analytics company to be roped in will have ...
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Coaching Classes are liable to 18% GST - AAR
Posted Date : 07-May-2018 , 10:52:33 am | Posted By CASANSAAR
A coaching class that helps students prepare for engineering and medical entrance exams is not exempt from the ambit of Goods and Service Tax (GST), according to a ruling given by the Maharashtra Authority for Advance Rulings (AAR). The ruling points out that a GST levy of 18% would apply on its fee...
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Companies get scrutiny notices for mismatch in GST returns
Posted Date : 07-May-2018 , 10:28:47 am | Posted By CASANSAAR
GST officers have started sending scrutiny notices to companies whose tax payment did not match the final sales return, after revenue authorities detected underpayment of GST by about 34 per cent, a source said.
Besides, companies whose final sales return GSTR-1 did not match GSTR-2A, which...
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Change in GST rate for digital transactions and imposition of Sugar Cess
Posted Date : 04-May-2018 , 11:23:25 pm | Posted By CASANSAAR
Incentive to promote Digital Transactions:
1. Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and...
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GST Council approves principles for filing of new return design
Posted Date : 04-May-2018 , 11:22:00 pm | Posted By CASANSAAR
GST Council today in its 27th meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification. The key elements of the new return design are as follows –
Onemonthly Return:All taxpayers excluding a few exceptions ...
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Change in the shareholding pattern of GSTN
Posted Date : 04-May-2018 , 04:33:31 pm | Posted By CASANSAAR
The Goods and Services Tax Network - Special Purpose Vehicle (GSTN-SPV) was created as a private limited, not-for-profit company under Section 25 of the Companies Act, 1956 (Section 8 of the Companies Act, 2013) by Govt. of India on 28th March, 2013 with an objective to provide shared IT infrastruct...
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GST Council meet to decide on easing return filing
Posted Date : 04-May-2018 , 09:29:22 am | Posted By CASANSAAR
The main item on the agenda for the GST Council meeting on Friday is likely to be the simplification of the return filing system into a single form and a decision on whether businesses can avail of provision credit or not, according to tax analysts.
According to the GST law, the return filing pro...
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Applicability of GST on Transfer of Tenancy Rights - CBIC
Posted Date : 03-May-2018 , 10:07:41 am | Posted By CASANSAAR
In what has implications for commercial rental space and businesses in general, the government has said transfer of tenancy rights is a service liable to tax. A finance ministry circular has said such activity against consideration in the form of tenancy premium constitutes a “supply of servic...
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