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

18-11-2017

CRACKING THE WHIP - Eateries may land in soup for profiteering after GST cut.

New Delhi: Unhappy with the price hike by restaurants after a steep reduction in the goods and services tax (GST), the government is looking to invoke anti-profiteering provisions.

While restaurants are free to alter prices due to higher costs, most of them have said that the latest hike was the result of the GST Council’s decision to do away with input tax credit while lowering the levy from 18% to 5%.

“If the impact of withdrawal of input tax credit is a sharp increase then, they should have also reduced prices by a similar margin when GST was introduced in July. It is a fit case of anti-profiteering action,” a senior finance ministry official told TOI.

The official said that the law allowed the government to take suo motu action read more »

17-11-2017

PASSING ON BENEFITS - Anti-profiteering authority under GST gets Cabinet nod.

New Delhi: The Union Cabinet on Thursday approved setting up of a National Anti-profiteering Authority (NAA) under GST to ensure that consumers get the benefit of reduced prices under the new tax regime.

Law minister Ravi Shankar Prasad said there were only 50 items now which attracted the highest tax of 28% under GST and rates on many items had been cut to 5% as well.

“The National Anti-profiteering Authority is an assurance to consumers of India. If any consumer feels that the benefit of tax rate cut is not being passed on, then he can complain to the authority,” Prasad told reporters after the cabinet meeting. “This reflects the government’s full commitment to take all possible steps to ensure benefits of implementation of GST to the common man,” he added.

17-11-2017

Govt asks cos to pass on 8-9% GST gain right away.

New Delhi: The government is asking consumer goods companies as well as others dealing with over 200 items, where the goods and services tax (GST) has been reduced, to immediately pass on the gains to consumers.

A senior officer told TOI that with the levy slashed from 28% to 18% for 176 items, including shampoo, washing powder and deodorants, the government expected prices to come down by 8-9%. The official added that the Central Board of Excise and Customs (CBEC) has initiated talks with companies and is also writing to some of the top players.

While some of the companies have indicated that the process may take a while, officials said the price cut should be immediate and should be communicated to the distributions channels. “The transmission should not take more than five or six read more »

17-11-2017

Hotels hike menu rates, govt says it can do little.

New Delhi: Consumers at fast food chains across the country may not be able to enjoy the full gains of the lower GST rate of 5% that kicked in from Wednesday as many restaurants are raising menu prices, citing the Centre’s decision to withdraw credit for taxes paid on raw material and rent.

Starbucks, McDonald’s and Domino’s Pizza have hiked the base price, while others such as KFC are planning to follow suit by next week. As a result, the actual gain to a consumer may turn out to be minuscule despite the GST Council deciding to cut the levy from 18% to 5% for all restaurants. For instance, GST has reduced to Rs 9 from Rs 28 for a cup of coffee at a popular coffee chain, but the company has hiked its base price to around Rs 170 read more »

16-11-2017

Restaurants fall in line on GST.

New Delhi: Restaurants across the country on Wednesday complied with the lower goods and services tax (GST) rate of 5% after initial reluctance to do so, at least from some quarters. The new GST rates for a host of items — from washing powders and razors to shampoo and watches — kicked in from Wednesday, days after the GST Council pared rates on over 200 items, including 178 in the top bracket of 28%.

Some members of the National Restaurants Association of India (NRAI), which largely represents upmarket chains, have been complaining about the government’s decision to withdraw input tax credit (ITC) and have argued that menu prices may rise by around 6% due to withdrawal of the benefit, which the trade body has said is a key characteristic of GST.

Almost all other associations have welcomed the move, arguing that read more »

15-11-2017

Exports dip in Oct, trade deficit at 3-year high.

New Delhi: India’s trade deficit hit a three year high as exports contracted for the first time in over a year on account of glitches faced after the implementation of GST and exporters front-loading dispatching some of the shipments in September to take advantage of higher duty refunds before the new rates kicked in.

In its edition on Tuesday, TOI had reported that exports were expected to shrink in October. Data released on Tuesday evening showed, exports fell 1.1% to $23.1 billion in October from $23.4 a year ago. Exports had last declined in August 2016 and fall in October was on account contraction seen in several sectors — from textiles and pharmaceuticals to leather and gems and jewellery, which are all labour-intensive sectors.

In contrast, imports grew by 7.6% to $37.1 billion in October, pushing up trade deficit to $14 read more »

15-11-2017

POST-GST BOOST - Pharma mkt rebounds, Oct sales rise 6.5%.

Mumbai: After months of sluggish growth in the aftermath of the GST’s implementation, the organised retail pharma market showed the first signs of a revival in October. The market registered a decent growth of 6.5%, with sales of Rs 10,376 crore in October, buoyed by strong growth in dermatology and anti-diabetic drugs, and a turnaround in gastro-intestinal medicines and anti-infectives.

Earlier, the market had posted a degrowth of 2.4% in July, with a weak growth subsequently in August (2.4%) and September (2.8%).

During October, volumes grew 5.6% but the price component dragged the market (at -1.7%), according to figures from pharmaceutical research firm AIOCD Awacs. The April-October period growth figure was only 4.1%, it said, adding this reflected the impact of the run-up to the GST and its eventual implementation.

From a therapy perspective, 18 showed a positive read more »

14-11-2017

GST glitches likely to hit exports in Oct - Rush To Avail Duty Drawback May Take Toll Too.

New Delhi: Exports are expected to shrink in October after several months of increase, with exporters blaming issues related to the implementation of goods and services tax (GST) as well as front-loading of shipments in September to avail of higher duty drawback rates, which are meant to be refunds for tax payments.

Exports had appeared to be back on track, registering a 26% rise in September, the highest in six months.

Data is due to be officially released in a day or two but sources told TOI that labour intensive sectors such as textiles have been the worst performers. For cotton and viscose textiles, the duty drawback rates and refund of state levies (ROSL), which were in the range of 11-13%, has now come down by 8-9 percentage points from October.

Garment manufacturers are also complaining of widespread read more »

14-11-2017

FM hints at further trimming of GST.

New Delhi: Finance minister Arun Jaitley on Monday hinted at further rationalisation of goods and services tax (GST) rates, while slamming opponents who have been advocating a shift to a single-rate regime in what was seen as a rebuff to Congress vice-president Rahul Gandhi.

“Rationalisation process in a transition (phase) will continue...Such rationalisation in future will depend on revenue buoyancy,” he said. On Friday, the GST Council, headed by Jaitley, slashed rates of over 200 items with the levy on 176 reduced from 28% to 18%, leaving just 50 in the highest slab. While state FMs have said this list will be pruned further, a change in the lower slabs of 12% and 18% is also on the cards in the coming months.

Jaitley says single-rate GST not possible, slams Rahul

FM Arun Jaitley has repeatedly read more »

13-11-2017

Lifeline for imported life-saving drugs.

New Delhi: The government has offered several exemptions under GST, including on direct sales to patients of imported life-saving medicines, subject to meeting certain conditions, besides clarifying that admission fee charged at “protected monuments” will not be subject to the levy. The government will also clarify that permanent transfer of intellectual property such as copyrights and patents for software will attract 18% GST, while it will be 12% for all others.

GST on entry fee at Taj Mahal or Red Fort would mean that the taxes collected by one government agency was being transferred to another to spend. In addition, it comes with a massive compliance burden as these monuments will have to separately register with the GST Network and then file returns every month.

Similarly, the GST Council decided to provide relief to the infrastructure sector and other companies by 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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