A Reference Library for Customs, Excise, Goods & Services Tax Officers and Tax Payers

GOODS AND SERVICES TAX (GST)

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I. GST Laws and Rules

1. THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016
2. GST Acts
THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 (CGST Act, 2017)
THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 (IGST Act, 2017)
THE UNION TERRITORY GOODS AND SERVICES TAX ACT, 2017 (UTGST Act, 2017)
THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) ACT, 2017 (GST (CS) Act, 2017)
3. GST Rules Advance Ruling Rules and Formats
Anti Profiteering Rules
Appeals and Revision Rules and Formats
Assessment and Audit Rules , Assessment Formats and Audit Formats
E-Way Bill Rules
Composition Rules and Formats
Valuation Rules
Input Tax Credit Rules and Formats
Tax Invoice, Debit & Credit Notes Rules
Payment of Tax Rules and Formats
Refund Rules and Formats
Registration Rules and Formats
Return Rules and Goods and Services Tax Practitioner Formats, Mismatch Formats, Return Formats
Transition Rules and Formats
Credit Transfer Document
Accounts and Records Rules and Formats
4. GST Rates GST Rates on Goods Chapter wise GST Rate Schedule for Goods decided in the GST Council Meeting held on 18.05.2017
Chapter wise GST Rate Schedule for Goods Decided in the GST Council Meeting Held on 03.06.2017
GST Compensation Cess Rates Decided in the GST Council Meeting Held on 18.05.2017
Addendum to the GST Rate Schedule for Goods - 18.05.2017
Addendum to the GST Rate Schedule for Goods - 03.06.2017
IGST Exemption, Concession List - 03.06.2017
GST Rates Approved by the GST Council Meeting Held on 11.06.2017
IGST Exemptions Approved by the GST Council Meeting Held on 11.06.2017
Revised Threshold for Composition Scheme Approved by the GST Council Meeting Held on 11.06.2017
Composition Levy & GST Rate on Certain Goods Decided in 17th GST Council Meeting Held on 18.06.2017
GST Rates on Services GST Rate Schedule for Services
List of Services under Reverse Charge
Classification Scheme for Services under GST
Decisions Taken by the GST Council in the 16th Meeting Held on 11.06.2017
Decisions taken by the GST Council in the 17th Meeting Held on 18.06.2017

II. GST Related News Headlines

19-04-2018

Promoting foreign varsities not an export, to incur GST.

Mumbai: The Authority for Advance Rulings (AAR) has held that services performed by Global Reach Education Services, which promoted courses of foreign universities among prospective students in India, cannot be regarded as ‘export of services’. Thus, these services would attract GST.

Global Reach, based in Kolkata, had sought a ruling from the West Bengal AAR on whether the services performed by it could be considered as an export and therefore a zero-rated supply, which would not attract GST under the Central (CGST) Act and the West Bengal State GST Act.

The company had tied up with various foreign universities. Services performed by it entailed making prospective students aware of the courses on offer as also the fees and other costs of the university programmes. Its services also included providing market intelligence to the universities on educational trends in the territory and read more »

18-04-2018

Govt to mandate single GST return a mth to ease burden - No Need For Computer-Based Buyer-Seller Matching.

New Delhi: The government inched closer to putting in place a revamped return for goods and services tax (GST) to ease the burden on businesses by mandating only one monthly filing, with the supplier submitting the form and an alert going to the buyer.

Although officers and Infosys chairman Nandan Nilekani, who is advising the government on returns, have not been able to reconcile their differences on how the input tax credit will be given and whether it should be linked to actual tax payment, Bihar deputy CM Sushil Modi, who heads a group of ministers, said the panel was looking at the new return being a blend between the two proposals. The panel held detailed discussions with stakeholders on Tuesday and another seven days have been given for the feedback before the final draft will be sent to the GST Council, comprising Union read more »

02-04-2018

TO CHECK EVASION - E-way bill rolled out for inter-state goods transit.

New Delhi: Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out on Sunday, with GSTN officials saying that the platform is working smoothly. Karnataka is the only state which has implemented the e-way bill system for moving goods within the state. The state has been using the eway bill platform since September last year for intra-state movement of goods.

From Sunday, businesses and transporters have to produce e-way bill before a GST (Goods and Services Tax) inspector for moving goods worth over Rs 50,000 from one state to another.

Official at the Goods and Services Tax Network (GSTN), the company which has developed the IT backbone

for GST regime, said the e-way bill platform has been working smoothly and Karnataka is also generating e-way bill for intra-state movement read more »

10-03-2018

Exporters' GST refund piling up since July.

NEW DELHI: Since August, S C Ralhan, chief executive of Ludhiana-based Sri Tools Industries, is awaiting refund of the goods and services tax (GST) that his company paid on inputs that went into exports. The arrears now add up to over Rs 2 crore. “There is a system error as two ports are involved. As a result, we have not received any refund for exports that we made since July (when GST was launched),” Ralhan told TOI over the phone. The exporter explained that goods from Ludhiana are dispatched from an inland container depot, before being shipped from a port in Mumbai and the system does not allow his company to generate two export general manifest, documents needed to claim refunds.

Like Ralhan, there are thousands of exporters, large and small, who have not received refunds. Despite several complaints, the Central Board of read more »

09-03-2018

Covering GST Loss : Govt seeks Parl nod for Rs. 63K Cr.

NEW DELHI: The Centre on Thursday sought Parliament’s approval for extra spending of Rs 85,315 crore, a large chunk of which will be used to compensate states for revenue losses due to rollout of the goods and services tax (GST) and phasing out of the central sales tax.
The government presented the fourth supplementary demand for grants in Parliament on Thursday and out of the total cash spending, it sought approval for Rs 62,716 crore to compensate states and Union territories due to revenue shortfall after GST rollout. This is a transfer from the compensation fund to the public account where GST cess on tobacco, soft drinks, luxury cars and coal is parked.

Although the money is paid for “revenue loss”, many states, which have higher collections than last year, will also receive compensation as the Centre had guaranteed 14% growth read more »

01-03-2018

First GST fraud: 2 directors of steel trading firms held for Rs. 7.2cr evasion.

Mumbai: In the first case of misuse of the goods and services tax (GST), two directors of two companies dealing in steel trading have been arrested for fraudulently availing input tax credit of Rs 7.2 crore. Officials said this has been done to inflate the turnover and thus defraud the exchequer and banks by opening Letter of Credit on fake purchase transactions.

There was no supply or receipt of goods but only invoices were moved, officials said. The arrested have been identified as Sanjiv Meha, director of Shah Brothers Ispat Pvt Ltd, Parel, and Vinaykumar Arya, director of VN Industries, Darukhana. Investigation showed that the said companies did not receive the goods for which they availed the input tax credit. Shah Brothers availed input credit of Rs 5.2 crore and inflated its turnover to Rs 600 crore. The second company claimed credit of Rs read more »

28-02-2018

GST kitty dips marginally in Jan as traders skip payments.

New Delhi: Goods and services tax (GST) collections dipped marginally in January to Rs 86,318 crore as traders continue to avoid payments due to loopholes, even as finance minister Arun Jaitley said a transition to a single rate may not be possible till compliance improves. A single rate of GST in India “can’t work at the moment” due to vast disparities in the society, he said at the India-Korea Summit, adding that the next stage of reforms will start once India becomes a significant tax-compliant society.

“After we are able to improve the compliance levels, the other stage of reform will begin. For example, we have two standard rates and in the long run I do see them merging into one. For that to happen, it will take some reasonable time — that is, when the compliance levels start moving up,” the FM said.

read more »

19-02-2018

IGST rules change again for export.

Last month, the Government amended Rules 89 and 96 of the Central Goods and Services Tax (CGST) Rules, 2017, through Notification No. 3/2018-GST, dated January 23, 2018. Many exporters are yet to fully comprehend the implications.

The amendment says those claiming refund of the Integrated Tax (IGST) paid on export of goods or services should not have received supplies on which the supplier has availed of the benefit of the Notifications Nos. (i) 48/2017-C.T., dated October 18, 2017 (refund of tax paid on deemed export) (ii) 40/2017-C.T. (Rate) or 41/2017-I.T. (Rate), both dated October 23, 2017 (supply to merchant exporter at 0.1 per cent tax) (iii) 79/2017-Cus., dated October 13, 2017 (generally, supplier has imported his inputs under advance authorisation or his capital goods under EPCG authorisation without payment of IGST and/or compensa­tion cess); (iv) 78/2017-Cus., dated read more »

14-02-2018

GST mop-up may hit Rs.1L cr a month, says finance min.

New Delhi: Revenues from the goods and services tax (GST) could cross Rs 1 lakh crore a month towards the end of next fiscal once anti-evasion measures like matching of tax data and e-way bill are put in place, finance ministry officials said on Tuesday.

Once the GST return-filing process stabilises completely, the Directorate General of Analytics and Risk Management (DGARM) will be put to action for 360-degree profiling and match the database of people filing GST with income tax returns filed, they said.

The government has budgeted about Rs 7.4 lakh crore from GST in the 2018-19 fiscal beginning April 1. The estimated collection for eight months (July-February) of the current fiscal is Rs 4.4 lakh crore. The March collection will take place in April, the start of new financial year, 2018-19.

Officials said the revenue estimates for read more »

12-02-2018

Perfunctory, retrogade changes in Customs - No rationalisation in rates of duty.

The Budget of 2018-19 had given ample opportunity to the Department of Revenue, Ministry of Finance to rationalise the customs duty structure because the other taxes namely Excise duty and Service Tax were not changed this time since they are a part of Goods and Services Tax (GST). The bureaucracy in the Department of Revenue had ample time before the Budget to devote their energy to bring about rationality in the structure of the Customs duty. But what they have done is simply to increase and decrease some duties on specific items. They did not even realise that the Customs duty structure is a completely irrational amalgamation of different rates with conditions, requirement of certification and huge list attached. At present there are nearly 19 rates in Customs duty like 150, 100, 85, 70, 65, 60, 50, 40, 35, 30, 25, 15, 10, 7.5, 5, 3, 2.5, read more »

III. E-Version of Goods and Services Tax (GST) Fliers

1. E-Version of Goods and Services Tax (GST) Fliers - Accounts and Records
2. E-Version of Goods and Services Tax (GST) Fliers - Advance Ruling Mechanism
3. E-Version of Goods and Services Tax (GST) Fliers - Aggregate Turnover
4. E-Version of Goods and Services Tax (GST) Fliers - Anti-profiteering
5. E-Version of Goods and Services Tax (GST) Fliers - Appeals Meachanism
6. E-Version of Goods and Services Tax (GST) Fliers - Audit Note
7. E-Version of Goods and Services Tax (GST) Fliers - Benefits of GST
8. E-Version of Goods and Services Tax (GST) Fliers - Casual Taxpayers
9. E-Version of Goods and Services Tax (GST) Fliers - Charitable and Religious Trusts
10. E-Version of Goods and Services Tax (GST) Fliers - Composite Mixed Supply
11. E-Version of Goods and Services Tax (GST) Fliers - Credit Notes
12. E-Version of Goods and Services Tax (GST) Fliers - Debit Note
13. E-Version of Goods and Services Tax (GST) Fliers - Goods Transport Service
14. E-Version of Goods and Services Tax (GST) Fliers - GST Practitioners
15. E-Version of Goods and Services Tax (GST) Fliers - IGST
16. E-Version of Goods and Services Tax (GST) Fliers - Imports
17. E-Version of Goods and Services Tax (GST) Fliers - Input Service Distributor
18. E-Version of Goods and Services Tax (GST) Fliers - Input Tax Credit (ITC) Mechanism
19. E-Version of Goods and Services Tax (GST) Fliers - Inspection Search Seizure and Arrest
20. E-Version of Goods and Services Tax (GST) Fliers - Jobwork
21. E-Version of Goods and Services Tax (GST) Fliers - Margin Scheme
22. E-Version of Goods and Services Tax (GST) Fliers - Meaning and Scope of supply
23. E-Version of Goods and Services Tax (GST) Fliers - Non-resident Taxable Person
24. E-Version of Goods and Services Tax (GST) Fliers - Non-resident Taxpayer
25. E-Version of Goods and Services Tax (GST) Fliers - OIDAR
26. E-Version of Goods and Services Tax (GST) Fliers - Provisional Assessment
27. E-Version of Goods and Services Tax (GST) Fliers - Pure Agent
28. E-Version of Goods and Services Tax (GST) Fliers - Recovery of Tax
29. E-Version of Goods and Services Tax (GST) Fliers - Refunds
30. E-Version of Goods and Services Tax (GST) Fliers - Registration of GST
31. E-Version of Goods and Services Tax (GST) Fliers - Returns of GST
32. E-Version of Goods and Services Tax (GST) Fliers - Reverse Charge Mechanism (RCM)
33. E-Version of Goods and Services Tax (GST) Fliers - Tax Invoice
34. E-Version of Goods and Services Tax (GST) Fliers - TCS Mechanism
35. E-Version of Goods and Services Tax (GST) Fliers - TDS Mechanism
36. E-Version of Goods and Services Tax (GST) Fliers - Transitional Provisions
37. E-Version of Goods and Services Tax (GST) Fliers - Valuation

IV. FAQ - Frequently Asked Questions on Goods and Services Tax (GST)

1. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Questions/ Clarifications sought
2. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Composition Levy
3. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Cooperative Society
4. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Drugs and Pharmaceuticals
5. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - E-commerce
6. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Emails
7. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Emails
8. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Exports
9. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Food Processing
10. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Gems and Jewellery
11. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Government Services
12. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Handicrafts
13. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - IT and ITES
14. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Mining
15. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - MSME
16. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Rates
17. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Textiles
18. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Traders
19. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Tweets
20. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Tweets
21. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Tweets
22. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Second Edition
23. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - Hindi
24. FAQ - Frequently Asked Questions on Goods and Services Tax (GST) - First Edition

V. Goods and Services Tax in India - Overview

VI. Goods and Services Tax in India - Migration

VII. Dr. Hasmukh Adhia, Revenue Secretary, GOI on GST

VIII. Goods and Services Tax in India - Background



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