Category: GST

Advisory to UIN Entities claiming GST Refunds. Wrong reporting of invoice data in FORM GSTR-11 or statement of invoice may lead to delay  The GST Act provides for allotting a Unique Identification Number (UIN) to Consulates, Embassies and other UN Organizations to enable such entities to claim refund …

Tea Board of India to collect tax at source from sellers (i.e. tea producers) and auctioneers on net value of supply of tea and on brokerage respectively Circular No. 74/48/2018-GST F. No. 20/16/04/2018- GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes …

Scope of principal and del-credere agent relationship under CGST Act – CBEC Clarification  Circular No. 73/47/2018-GST F. No. 20/16/04/2018- GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 5th November, 2018 The Principal …

Supply from PSU to PSU exempted from applicability of provisions relating to TDS under GST Law with effect from the 1st day of October, 2018 – Notification Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 61/2018 – Central …

Mistake in mentioning some digits of Truck number on E-way bill – High Court directs release of goods and vehicle on furnishing security and indemnity bond ABCAUS Case Law Citation: ABCAUS 2612 (2018) (11) HC Lately, the Hon’ble Allahabad High Court had held that Seizure of goods for …

Guidelines  regarding circumstances  in which Input Tax Credit has to be blocked /unblocked from Electronic credit ledger On the subject captioned above, it is intimated that GSTN has recently released API for application of the functionality for blocking and unblocking of Input Tax Credit by the statutory authorities …

Examination for Confirmation of Enrollment of GST Practitioners to be conducted on 7th December, 2018 at designated Examination Centres across India  The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners …

GST on MSME Sector – FAQ, Flyer and Booklet released by CBEC Introduction: What is MSME? In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two classes: (1) Manufacturing Enterprises: The enterprises …

Amendment to GST Practitioners Rules, Examination, Registration, Fee, Examination centers, Qualifying marks, Disqualification etc.  Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 60/2018 – Central Tax New Delhi, the 30th October, 2018 G.S.R……(E). – In exercise of the …

Procedure to be followed in respect of return of time expired drugs or medicines under the GST laws. issuing Credit Note, treating goods as fresh supply Circular No. 72/46/2018-GST F. No. CBEC/20/16/04/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST …