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

19-01-2018

College entrance tests won’t incur GST.

All exams conducted by educational institutions and services related to them will be exempted from GST. This means, college entrance exams will be outside the ambit of GST. Further, vehicles used to transport students, faculty and staff schools have been exempted.

Unlike the November meeting, which saw massive rate restructuring involving over 200 items, this one was a limited exercise, which is expected to leave a Rs 1,000-1,200 crore annual dent on the exchequer.

This time, the focus was on simplifying the filing process, which has come in for severe criticism. While it has been decided in principle to scrap the three stage process, the alternate mechanism is a work in progress but sources said the idea is to move to a single form. At the meeting, Bihar deputy chief minister Sushil read more »

19-01-2018

More GST relief: Rates cut on 29 goods & 53 services - Govt Signals Move Towards 1-Stage Filing.

New Delhi: The Centre and states on Thursday decided to reduce goods and services tax rates on over 80 items, while deciding to start the move towards a single-stage filing instead of the current three stage form, in what is seen as the biggest process overhaul since the new regime kicked in last July. TOI had reported on January 16 that such a move was likely.

The list included 29 goods and 53 services, finance minister Arun Jaitley told reporters after a meeting of the GST Council, which has all state finance ministers as members. There was relief for those selling second-hand vehicles or buying diamonds and precious stones in addition to tickets for theme parks, ballets and dance performances as well as contributions to services provided by RWAs to their members.

19-01-2018

Govt banks on 2 tools to crack whip on GST evaders - Hopeful Of 25% Increase In Tax Mop-Up From Next Fiscal

New Delhi: The government is hoping to raise its goods and services tax (GST) collections by almost 25% by cracking the whip on evaders from April by reintroducing the reverse charge mechanism that will help it track transactions. The “anti-evasion” measure will be in addition to electronic-way bills that will become mandatory from next month.

“We are slowly tightening the noose and these two steps alone will help us increase our collections by around 25%,” said a senior government official.

Usually, a goods seller or a service provider is liable to pay tax. But under reverse charge, the receiver has to pay tax and the chargeability gets reversed. Under GST, the move was introduced for small suppliers who may be unregistered, and tax paid was eligible for input tax credit. But under read more »

19-01-2018

Govt expects 25% rise in mop-up from April.

The government is hoping to raise GST collections by almost 25% by cracking the whip on evaders from April by reintroducing the reverse charge mechanism that will help it track transactions. In addition, electronic way bills will become mandatory from next month. "It is important to build anti-evasion measures... collections will pick up,” the FM said on Thursday.

New Delhi: The government on Thursday said it is on course to meet its tax collection targets, following a spurt in direct tax mop-up during the past few months as well as limited slippage on the indirect tax side.

“We are more or less meeting the indirect tax target despite the concerns over GST,” said an official after the Centre and the states decided to equally split the unclaimed tax credits of Rs read more »

18-01-2018

OCT-DEC QTR NET UP 28% - HUL to return ?119 crore GST gains to govt

Mumbai: Hindustan Unilever (HUL), which reported a 28% increase in December quarter net profit to Rs 1,326 crore on the back of a recovery in consumer demand, has offered to return GST reduction benefit of Rs 119 crore — which it could not pass on to consumers due to paucity of time and pipeline issues — to the government.

Effective November 15, 2017, GST rates were reduced for some of HUL’s FMCG categories from 28% to 18%. While the implementation of this change was initiated immediately, the company said due to paucity of time it was not possible for it to pass on the entire benefit of this rate reduction on some of the pipeline stocks during the transition. “An estimated value of Rs 119 crore was proactively disclosed to the CBEC (Central Board of Excise and Customs) read more »

17-01-2018

Traders find ways to evade GST, multiple rates an issue - Force Govt To Go Slow On Enforcing Several Elements.

New Delhi: The government may try to put in place rules to check tax evasion, but trust ingenious businessmen to come up with ways to beat it.

That’s precisely what’s happening with goods and services tax (GST), where protests by traders have forced the

government to go slow on enforcing several elements, such as matching of sales and purchase invoices and electronic way bill, that were meant to plug evasion.

What has added to the problem is multiple rates. Tax officials admit that in case of garments, for instance, a number of smaller players were billing one shirt that costs upwards of Rs 1,000 and attracts 12% levy as two pieces of around Rs 600 each to pay only 5% levy. This is in addition to read more »

17-01-2018

HUL gets notice for ‘not passing’ on GST rate cut.

New Delhi: The Directorate General of Safeguards (DGS) has slapped a profiteering notice on FMCG firm HUL for allegedly not passing on price reduction benefit to consumers after GST rollout.

The notice seeks details from the company about the pre- and post-GST prices of its entire products range. This is the sixth notice under the anti-profiteering rule issued by the DGS, the investigative arm of the finance ministry, to entities for not reducing prices after GST implementation from July 1.

“The standing committee had referred the matter to the DGS which in turn has issued queries to HUL seeking response on whether the benefit of tax rate reduction after GST is passed on to consumers,” a source said. In an email response to queries sent by a news agency, HUL said it read more »

17-01-2018

Ten states start trial run for e-way bill - Govt Aims To Plug Revenue Leakages

New Delhi: Ten states, including Gujarat, Haryana and Bihar, on Tuesday joined the government’s centralised e-way bill system for inter-state transport of goods by road under the GST regime to plug revenue leakages.

While Karnataka, Rajasthan, Uttarakhand and Kerala had started using eway bill, six more states — Haryana, Bihar, Maharashtra, Gujarat, Sikkim and Jharkhand — joined the trial run started by the GST Network (GSTN), the company that provides IT backbone. The new regime will become mandatory from next month with all inter- and intra-state movement across the country will be tracked from June.

Under the new system, for every inter-state movement of goods beyond 10 km with a value of Rs 50,000 and above will require an e-way bill from February 1, a statement said.

16-01-2018

GST: Panel for single-stage filing process.

New Delhi: The goods and services tax (GST) appears headed for its biggest procedural overhaul with a panel considering a single-stage return filing process, instead of a three-stage mechanism. The move is aimed at reducing the compliance burden for businesses and making the new regime more palatable.

“The panel is looking at 12 filings a year instead of many more at present,” a source told TOI, adding that staggered filing dates with bigger businesses having to adhere to earlier deadlines were also being examined. While basic principles like invoice matching, to plug possible revenue leak, will be retained, the move is meant to ensure taxpayers are not hobbled.

Invoice matching should continue under GST regime, say experts

For instance, sources said, those with zero tax read more »

05-01-2018

In first-ever GST raid, 90 jewellery parcels confiscated - 85 carriers have been detained for ferrying consignment without proper paperwork

In the first case of its kind in Mumbai, 90 parcels containing jewellery were confiscated by the Goods and Services Tax (GST) department for flouting of tax norms.

Mumbai GST Commissioner, KN Raghavan, confirmed that the parcels, which came in from Gujarat, were seized as they may have been sourced and ferried flouting GST norms. Around 85 carriers have been detained in connection with the incident.

This is the first such raid carried out by the department ever since the implementation of the GST by the government. Under the GST Act, all movement of goods within states has to be accompanied by an e-waybill. This has to be generated from a GST portal. This document allows the movement of goods from one place to another and specifies the quantity and the overall value of the goods.

“The parcels 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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