GOODS AND SERVICES TAX (GST)

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GST Revenue Collections

GST - 3 Years of Commitment

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

16.09.2020

Chennai man arrested for Rs. 107-crore GST fraud.

The GST and Central Excise Department, Chennai Outer on Wednesday said it has arrested a 56-year old person from the Kodungaiyur area of Chennai for committing a GST credit fraud of Rs107 crore.

The arrest was made after carrying out detailed investigation and conducting searches to gather evidence.

According to a press release issued by the Principal Commissioner GST and Central Excise, Chennai Outer, the arrested person along with some others had registered in the name of other persons on non-existent addresses, using doctored documents.

“The purpose of floating such fictitious companies is to commit GST credit frauds. These fictitious companies issued tax invoices to various business entities without supplying any goods or services read more »

13.09.2020

CBIC suspends licences of 56 customs brokers linked with fraudulent exporters.

"Licences of 56 customs brokers including those of 37 from Delhi have been suspended since August 2019 till date," the CBIC said in a statement. 

The Central Board of Indirect Taxes and Customs (CBIC) on Sunday said it has suspended licences of 56 customs brokers linked with fraudulent exporters. The Directorate General of Analytics and Risk Management (DGARM) had carried out data analytics of customs brokers linked with fraudulent/unscrupulous exporters and the findings have resulted in suspension of licences of 56 customs brokers.

“Licences of 56 customs brokers including those of 37 from Delhi have been suspended since August 2019 till date,” the CBIC said in a statement. Upon investigation on 62 customs brokers, it was found that they had handled more than 15,290 export consignments of 1,431 untraceable exporters.

In one particular case, a customs broker has handled exports of 99 read more »

05.09.2020

Excise and taxation officials today announced that they would proceed on a two-day mass leave.

Excise and taxation officials today announced that they would proceed on a two-day mass leave on September 7 and 8 for alleged witch-hunting in the Goods and Services Tax (GST) evasion ‘scam’. The Vigilance Bureau (VB) had informed Chief Minister Capt Amarinder Singh that the entire fraud was turning out to be a multi-layered scam, spanning across northern states.

The VB had arrested eight officials of the Excise and Taxation Department after registering an FIR against its 15 personnel.

Reacting sharply to the VB’s claims, the Confederation of Associations of Officers (Excise and Taxation) decided that all officials (from the Excise and Taxation Inspectors to the Additional Commissioners) would proceed on a two-day mass leave.

The Confederation of Associations of Officers said during these two days, no work would be done in any of the offices related to the GST read more »

18.08.2020

FinMin, PMO to discuss fresh overhaul of basic customs duties; 300 items likely on the table.

The Ministry of Finance and the Prime Minister's Office (PMO) will soon discuss a fresh overhaul for basic customs duties across categories this week, sources told CNBC-TV18.

These discussions, are primarily to consider the on-going exercise to hike customs duties in line with the 'Atmanirbhar Bharat' program, to support and encourage domestic manufacturing, sources said, who did not want to be named.

'Atmanirbhar Bharat' is a vision announced recently by Prime Minister Modi to make India a self-reliant country.

These discussions are likely to be on more than 300 items and an immediate hike is likely to be approved for “textiles, electronic goods such as cameras and laptops, solar modules, solar panels, and solar inverters.”

Besides, some import restrictions could also be put in place for some steel and aluminium products, sources added.

Solar read more »

23.07.2020

CBIC notification about e-invoice schema, mandatory e-invoicing to be released by next week.

MANGALURU: The Central Board of Indirect Taxes and Customs (CBIC) will in a week’s time come out with a notification about implementing e-invoicing, a form of electronically-authenticated invoices, from October 1 only for businesses with turnover of Rs 500 crore or more, a top official said at in ASSOCHAM webinar on Thursday.

“The QR codes are definitely not happening on October 1 but the e-invoice schema and Rs 500 crore turnover related notification should be out by next week and the industry can start working on as everything is ready, the FAQs, the circular will be issued at the earliest,” said Yogendra Garg, Principal Commissioner (GST-I), GST Policy Wing, CBIC in an ‘ASSOCHAM e-Conclave on 3 years of GST - Further streamline needed?’

He also stated that CBIC would improve the existing GST return filing system instead of rolling out a read more »

03.07.2020

Central agencies detect Rs 512 crore GST evasion in one year after raids in Indore.

The directorate general of GST Intelligence (DGGI), responsible for checking indirect tax evasion, claimed to have detected goods and sales tax (GST) evasion of approximately Rs 512 crore in the past one year leading to seizure of several bank accounts and properties in Indore apart from arrest of five persons, according to a Friday official release by the enforcement agency under the ministry of finance.

According to the agency, the tax evasion estimate may rise further after assessing the data related to more dummy firms that may have provided raw material to the firm that was raided in Indore.

“Operation Kark, (launched) to counter illicit sale of pan masala/ tobacco/ cigarettes, which was initiated on May 30, has till now detected GST evasion of about Rs 512 Crore in the last one year, while five persons have been arrested in this operation. In read more »

25.05.2020

Imported cigarettes worth Rs. 3 crore seized.

Officials of the Directorate of Revenue Intelligence (DRI) in association with SGST personnel seized a huge quantity of foreign cigarettes imported illegally. The stocks were being transported from New Delhi, the DRI officials said.

DRI Vijayawada unit officials intercepted a truck heading to a transport company office at P. Nainavaram village in Krishna district on Saturday and seized 29,99,600 cigarette packets of ‘Paris’ brand of Myanmar origin packed in 300 boxes.

“As the cigarettes were not legally imported and do not possess any health warning as per the requirements, stocks worth about ?3 crore have been confiscated under the provisions of the Customs Act, 1962,” the DRI officials said in a press release.

read more »

15.03.2020

GST Council asks Infosys to fix filing issues by July.

New Delhi: The GST Council on Saturday moved in with fresh checks, including getting information from banks, to plug evasion, while deciding to instruct Infosys to fix technical glitches to the filing system by July.

Finance Minister Nirmala Sitharaman said the Centre will explore the possibility of raising money from the markets to help generate funds for states that have been complaining of shortfall in compensation as several of them have seen less than 14% growth in collections.

A key theme of the meeting was to get Infosys to fix the filing problems that are being encountered by taxpayers for several months. With company executives failing to resolve the issue, the Council took the unprecedented step of asking the software company’s chairman and co-founder Nandan Nilekani to make a presentation, where he was asked to explain what triggers the problems. Sitharaman read more »

15.03.2020

Prices of mobiles set to go up as GST hiked from 12% to 18% - But Govt Says Hike May Not Result In Increase In Prices.

New Delhi: The GST Council on Saturday announced an increase in the levy on mobile phones to 18% from 12%, although the government said it may not result in a proportionate increase in prices.

The hike was aimed at correcting a situation where inputs face higher levies than the final product, resulting in problems and delays in refunds. Apart from mobile phones, footwear, fertilisers and textiles too were among the list of items with “inverted duty structure”, but after detailed deliberations, the panel comprising Union and state finance ministers decided to move ahead with an increase in the levy on handsets and some specific parts, finance minister Nirmala Sitharaman told reporters after the meeting. Correcting the rate structure for the other products will be taken up later, she added.

“The mobile manufacturers will do the calculations but it is not simple read more »

12.03.2020

GST rates may rise on mobiles & footwear - Levies On Man-Made Fibres, Fertilisers To Be Reviewed.

New Delhi: Ahead of the Goods and Services Tax (GST) Council meeting on Saturday, the government is pushing for a review of the levy on mobile phones, footwear, fertiliser and man-made fibres to correct a major discrepancy that has crept in where the duty on the finished product is lower than those on inputs.

The “inverted duty structure” is resulting in massive refund claims on tax paid on inputs, although the government does not allow credit for levies on input services and capital goods, making the tax regime inefficient. Estimated annual refund on account of inverted rate structure was estimated at around Rs 20,000 crore.

At least four items — mobile phones, footwear, manmade fabrics and fertiliser — have been identified for a possible change in levies, which may rise in a phased manner. The move is part of a review 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