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

02-06-2018

At Rs. 94,000 crore, GST collection lower in Apr - Govt Draws Comfort From Better Compliance.

New Delhi: Goods and services tax ( GST) collections were estimated at Rs 94,000 crore in April, higher than their monthly average but lower than the Rs 1 lakh crore mopped up in March.

While the collections are lower than the informal target of Rs 1 lakh crore a month, the government is drawing comfort from what it believes is an improvement in compliance. “The total GST collection for May 2018 (for sales in April) is Rs 94,016 crore, which is higher compared to average monthly collection of Rs 89,885 crore of 2017-18. This reflects better compliance after introduction of e-way bills,” finance secretary Hasmukh Adhia tweeted.

“As per the experience of last 5 years, the average collection of taxes on goods and services during April is approximately 7.1% of the annual taxes as against 11% for March. April is traditionally read more »

30-05-2018

EFFECT OF PROTESTS - Govt promises to disburse exporters’ Rs. 20k-cr refunds.

New Delhi: After sitting on GST refunds of close to Rs 20,000 crore, the government on Tuesday promised to clear the dues after a top industry lobby group protested against holding back of funds .

Federation of Indian Export Organisations (Fieo) president Ganesh Gupta said refund of over Rs 20,000 crore was pending on account of IGST (integrated GST) and ITC (input tax credit). “Many exporters have not been able to file the refund of ITC due to technical glitches as input tax credit and exports happened in different months,” Gupta said, reiterating a concern that exporters have expressed for over six months now.

While the finance ministry has repeatedly promised to address the issue, it has refused to act decisively. On Tuesday, the ministry said it will launch the second phase of refund in the fortnight beginning May 31 to read more »

11-05-2018

Expedite GST practitioners’ registration: CBIC chief

Mumbai: The GST came into effect nearly a year ago. But several indirect tax experts find that they still haven’t been approved as GST practitioners, despite having applied for registration months ago via the GST portal.

In this backdrop, the chairperson of the Central Board of Indirect Taxes and Customs (CBIC), Vanaja Sarna, recently wrote to officials to expedite the process. Her letter dated May 4 says, “A proactive approach in facilitating the enrolment and helping the applicants in case they have committed any bona fide mistakes while making the application will only further our cause of achieving a trade-friendly image for the department.”

Rajeev Khandelwal, chartered accountant and an indirect tax expert, says “I applied on December 7, 2017. Since the last five months, there was no news on the same and the status was shown as ‘pending for processing’ read more »

09-05-2018

GST digital discounts may cost Rs. 15,000cr - Will Make Up Through More Transactions Falling Under Tax Ambit, Says Centre.

New Delhi: The government has estimated that the Centre and the states may have to forgo up to Rs 15,000 crore in offering discounts of up to Rs 100 on GST for every digital transaction, including those done using credit or debit cards or mobile wallets and mobile and net banking.

Sources said the estimate is based on the average ticket size of the transaction being Rs 1,400 and a 2% relief being proposed on it. In case of transaction size of Rs 900 and assuming that 40% of the estimated 1,329 crore transactions were using digital payment tools, the revenue foregone would be of the order of Rs 9,500 crore a year.

The plan is limited to business to consumer (B2C) transactions for goods and services that attract 3% or more levy.

The issue was discussed at read more »

05-05-2018

Sugar cess put up for review.

New Delhi: Protest by some states, including Kerala, West Bengal and Andhra Pradesh, prompted the GST Council to order a review of the plan to levy a cess on sugar to “help” sugarcane growers as they complained that the move would only benefit Uttar Pradesh, Maharashtra and pollbound Karnataka, while discarding the basic principle of the new regime that focused on removing all additional levies. The cess would have helped the government raise Rs 6,700 crore.

During discussions on the cess, which stretched for over two hours, these states, with support from Tamil Nadu, Delhi and Puducherry, argued that imposition of a cess on sugar will also make other states such as Kerala, West Bengal and Punjab demand a similar benefit for rubber, jute and foodgrains. “There will be no end and will defeat the very purpose of GST,” said a source, adding that read more »

05-05-2018

GST Council goes for 1 filing a month over 3 - Decides To Turn GSTN Into 100% Govt Co.

New Delhi: The GST Council on Friday sought to remove one of the biggest irritants in the new tax regime by junking the current threestage return filing process and moving to one monthly return. And, unlike last year, when the return forms were rushed in at the last minute, the Centre and the states agreed to roll out the new mechanism in six months to ensure adequate preparation for the transition.

The council also decided to turn GST Network (GSTN), the agency that provides and manages tech platform for the indirect tax, into a wholly owned government company but agreed to provide flexibility by allowing hiring of professionals at market-linked salaries.

Decision on two other issues — cess on sugar and incentives of up to Rs 100 for digital payments — were deferred. These will be discussed by two separate ministerial read more »

02-05-2018

GST tops Rs. 1L cr in April, shows greater compliance.

New Delhi: Revenue from GST crossed the Rs 1-lakh crore mark in April, indicating stabilisation of the new tax reform measure that was implemented in July last year and an increase in compliance. The government has raised Rs 7.4 lakh crore in 2017-18 from GST.

The Rs 1 lakh crore collection figure is for March, 2018 that was paid in April.

“GST collections in April exceeding Rs 1 lakh crore is a landmark achievement and a confirmation of increased economic activity as brought out by other reports,” FM Arun Jaitley said on microblogging site Twitter. “With the improved economic climate, introduction of e-way bill and better compliance, GST collections would continue to show a positive trend.”

The total gross GST rethe last month of the financial year, people also try to pay arrears of some of the previous read more »

01-05-2018

Govt to keep petrol, diesel out of GST net.

New Delhi: The government has opted to ignore petroleum minister Dharmendra Pradhan’s repeated plea to bring petrol and diesel within the ambit of goods and services tax (GST) and decided to put the plan on the backburner, arguing that the time is not ripe for the change.

While most of the states were always reluctant, sources told TOI that even the finance ministry is not keen on the move as it will not lower the burden on consumers but will only complicate the GST regime. Pradhan had pushed the move to counter the impact of higher retail prices.

But with neither the Centre nor the states willing to lose any revenue from one of the most-taxed commodities, the government believes that the move will not result in any price reduction.

On the contrary, both the Centre and the read more »

24-04-2018

‘Duty-free shops at Delhi airport liable to pay GST’ - Shops Operate Within Country, Rules AAR.

New Delhi: International passengers buying goods at airport duty-free shops here will have to pay GST, with the Authority for Advance Ruling (AAR) saying that such outlets at the Delhi International Airport are not ‘free from duties’ under the GST regime. In the earlier regime of excise and service tax prior to GST roll out on July 1, 2017, duty-free shops were exempt from the levy of central sales tax (CST) and value added tax (VAT) as sale from such shops were considered as exports and supplies were taking place beyond the ‘customs frontiers’ of India.

The New Delhi bench of the AAR in a recent ruling has held that the supply of goods to the international passengers going abroad from dutyfree shops may be taking place beyond the customs frontiers of India under Integrated GST (IGST) Act, however, the said shops are within read more »

23-04-2018

Diesel smuggling on high seas busted - 20,000 Litres Of Oil Seized From Two Vessels; Six Arrested.

Mumbai: Tightening of coastal security after the 26/11 attacks doesn’t seem to have helped end oil smuggling, which was the mainstay of many yesteryear gangsters of Mumbai. The police have seized nearly 20,000 litres of diesel, worth nearly Rs 14 lakh, from two vessels in two different cases. Six persons have been arrested.

What has baffled police is that in one of the cases, the barge had a licence to venture into sea to transport oil; only that MT Farzana had permission to retrieve sludge oil, which is residual oil, from the rig.

When the Yellow Gate police raided the barge anchored at Mazgaon docks, they found 29,000 litres of sludge oil Rs 1.5 crore, and 11,000 litres of diesel worth around 7.7 lakh. Police arrested three people and are on the lookout for three more: Akbar Pinjara, the owner of 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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