Applicability of GST on Charitable Trust or NGO, Colleges and Universities

Read: https://drive.google.com/open?id=0B1rRav-P4-8JSjRObkVqd1RNeHc

Source: https://drive.google.com/open?id=0B1rRav-P4-8Jb3FiVHFZbzFubW8

E-WAY BILL

Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees—
(i) in relation to a supply; or
(ii) for reasons other than supply; or
(iii) due to inward supply from an unregistered person,
shall,before commencement of such movement, furnish information relating to the said goods in Part A of FORM GST EWB-01, electronically, on the common portal.

Read more: Notification No.27 /2017 – Central Tax, dated  30th August, 2017

Source: www.cbec.gov.in

Due dates of filing GST returns for the month of July and August, 2017

Form No.	For July 2017	For Aug. 2017	Notification No.
FORM GSTR - 1	1 to 5 September	16 to 20 September	Notification No.18
FORM GSTR - 2	6 to 10 September	21 to 25 September	Notification No.19
FORM GSTR-3	11 to 15 September	26 to 30 September	Notification No.20
FORM GSTR 3B	20th August	20th September	Notification No.21

Rate on textile job works lowered

The Goods and Services Tax (GST) Council in its 20th meeting on Saturday decided to cut the tax rate for job work for the entire value chain of textiles sector to 5 per cent.

Read more: https://drive.google.com/open?id=0B1rRav-P4-8JU3piUDQzZG1YbFU

Source: www.cbec.gov.in/resources//.../gst/Decisions-in-20th%20-GST-council-meeting.pdf

Details to be mentioned in Form GSTR-3B

In order to address the concerns of small taxpayers who are still maintaining manual records, the GST Council has now proposed a relaxation in return filing for the month of July and August. September onwards, every taxpayer has to strictly follow the regular provisions of filing return on 10th, 15th and 20th of next month i.e. October. Also, there will be no late fee or penalty levied for the initial two months.

As per the revised rules, a new form GSTR-3B will be introduced by the government. Every taxpayer needs to file his return on self-assessment basis for the first two months i.e July and August. These return forms have to be filed by 20th of next month. Simultaneously, the taxpayer has to file the GSTR-1 for the month of July on or before September 5; an extension of 25 days has been extended for the month of July. For the month of August, this extension is limited to a period of 10 days. Once GSTR-1 is filed, GSTR-2 and GSTR-3 will auto-populate with information furnished under GSTR-1. Eventually, this GSTR-3 will be matched against GSTR-3B and any difference will be refunded or needs to be paid as the case may be. However, no penalty or late fees will be charged on the difference.

Form GSTR-3B needs to be filed by a taxable person under GST for submitting the provisional assessment of the tax liability. Provisional assessment of the taxes to be filed under form GSTR-3B is only applicable for the month of July and August. A taxable person has to file the GSTR-3B for the invoices generated in July by 20th August and for the invoices pertaining to the month of August has to be filed by 20th September. Each manufacturer, trader, service provider who is liable to register under GST has to complete a self-assessment of his taxes and has to file form GSTR-3B.

A full detail of the tax under different heads CGST, SGST, UTGST, IGST and cess for the transactions which were taxable due to reverse charge. Tax applicable on following transactions has to be mentioned

1. Sale of goods/ providing services which are not zero rated, nil rated or exempted.
2. Sale of goods/ providing services which are zero rated
3. Sale of nil rated or exempted goods or service provided which are nil rated or exempted.
4. Purchase of goods or services received on which reverse charge is applicable.
5. Sale of products or services provided which are not covered under GST.

Following details are to be mentioned for the sale of goods or providing service to an unregistered dealer, composition taxable person and entities holding UIN like WHO, embassy etc.

1. Name of the place from where the goods were dispatched or from where the service was provided.
2. Total Taxable value* of the goods sold or the services provided.
3. A total of the Integrated goods and service tax (IGST) applicable on the transactions.

* Value of Taxable Supplies = Value of invoices + value of Debit Notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices

Details of ITC Available

A thorough calculation of the ITC available on the import of goods or services and on account of the purchases made from an ISD and purchases on which reverse charge is applicable has to be completed by the taxable person. Net ITC available has to be mentioned after deducting the ITC reversed for example due to the inputs being returned. ITC which is ineligible to be claimed under GST like the ITCon the supply of goods or service by a fitness club or health center.

The total value of the purchase of inputs from a composition taxable person or services received and nil rated or exempted inputs have to be bifurcated separately for intrastate and interstate.

Every taxable person under GST needs to calculate the tax liability under the different heads IGST, CGST, SGST, UTGST, and cess. Details of ITC available under different heads used for paying the tax liability. Any liability under head interest and the late fee has to be shown separately. The amount of tax or cess paid in cash is to be shown separately.

Credit available due to the TDS deducted on acceptance of government contract or TCS collected on being an online aggregator has to be mentioned in the form GSTR-3B. Advance received is to be adjusted while calculating the total taxable value of the goods supplied or services provided and is not required to be shown separately in the form GSTR-3B.

➤Format of GSTR- 3B

Trade notice by CGST and Central Excise Commissionerate Surat

Trade notice by CGST and Central Excise Commissionerate Surat - Proper officers relating to registration and composition levy. Issue relating to  LUT / Bond for exports.
Read more:
https://drive.google.com/open?id=0B1rRav-P4-8JQWNxRG1NLVFxQ0RTSnRmYS1jNjZ5WkFfdzlv

Unregistered Transporter is required to be enrolled under GST

An unregistered transporter shall submit the details regarding his business for enrollment under GST. 

According to Notification 5/2017 – Central Tax, dated 19th June, 2017, the persons who are only engaged in making supplies of taxable goods or services or both, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services or both under sub-section (3) of section 9 of the said Act as the category of persons exempted from obtaining registration under the aforesaid Act. 

Thus those GTA service providers are exempted from obtaining registration under GST, who are exclusively providing GTA service to specified persons and on those services such specified persons are liable to pay GST on reverse charge basis as per section 9(3) of the Act.

As per Section 35(2), every transporter, irrespective of whether he is a registered person or not, shall maintain records of the consigner, consignee and other relevant details of the goods in such manner as may be prescribed.

If a Transporter is not registered, then he shall submit the details regarding his business electronically on the common portal in FORM GST ENR-01 and upon validation of the details furnished, a unique enrolment number shall be generated and communicated to the said person.

Any person engaged in the business of transporting goods shall maintain records of goods transported, delivered and goods stored in transit by him along with the GSTIN of the registered consigner and consignee for each of his branches.

“Section 35(2) of CGST Act. Every owner or operator of warehouse or godown or any other place used for storage of goods and every transporter, irrespective of whether he is a registered person or not, shall maintain records of the consigner, consignee and other relevant details of the goods in such manner as may be prescribed.”

“Rule 58. Records to be maintained by owner or operator of godown or warehouse and transporters.- (1) Every person required to maintain records and accounts in accordance with the provisions of sub-section (2) of section 35, if not already registered under the Act, shall submit the details regarding his business electronically on the common portal in FORM GST ENR-01, either directly or through a Facilitation Centre notified by the Commissioner and, upon validation of the details furnished, a unique enrolment number shall be generated and communicated to the said person.”

Clarification regarding Letter of Undertaking in place of a bond for export without payment of integrated tax for Exports

As per Rule 96A of the Central Goods & Services Tax Rules, 2017 procedure for refund of integrated tax paid on export of goods or services under bond or Letter of Undertaking has been prescribed. Further, Notification No. 16/2017-Central Tax, dt. 07-07-2017 has notified conditions and safeguards for the registered person who intends to supply goods or services for export without payment of integrated tax, for furnishing a Letter of Undertaking in place of a Bond.

The Central Government vide Circular No. 4/4/2017-GST dt. 07-07-2017 has further clarified the following:

1. The procedure for submission and acceptance of bond has already been prescribed vide Circular No. 2/2/2017-GST dated 4th July 2017.The bond will be furnished on non-judicial stamp paper of the value as applicable in the State in which bond is being furnished.
2. the exporters will furnish a running bond, in case he is required to furnish a bond, in FORM GST RFD -11 as the consignment wise bond would be a significant compliance burden on the exporters. The bond would cover the amount of tax involved in the export based on estimated tax liability as assessed by the exporter himself. The exporter will ensure that the outstanding tax liability on exports is within the bond amount. In case the bond amount is insufficient to cover the tax liability in yet to be completed exports, the exporter will furnish a fresh bond to cover such liability.
3. The jurisdictional Commissioner may decide about the amount of bank guarantee depending upon the track record of the exporter. If Commissioner is satisfied with the track record of an exporter then furnishing of bond without bank guarantee would suffice. In any case the bank guarantee should normally not exceed 15% of the bond amount.
4. LUT will be valid for 12 months. If the exporter fails to comply with the conditions of the LUT he may be asked to furnish a bond. Exports may be allowed under existing LUTs/Bonds till 31st July 2017. Exporters will submit the LUTs/bond in the revised format latest by 31st July 2017.
5. the Bond/LUT will be accepted by the jurisdictional Deputy/Assistant Commissioner having jurisdiction over the principal place of business of the exporter. The exporter is at liberty to furnish the bond/LUT before Central Tax Authority or State Tax Authority till the administrative mechanism for assigning of taxpayers to respective authority is implemented. However, if in a State, the Commissioner of State Tax so directs, by general instruction, to exporter, the Bond/LUT in all cases be accepted by Central tax officer till such time the said administrative mechanism is implemented.
6. Further Circular No. 26/2017 – Customs dated 1st July 2017 has clarified that the existing practice of sealing the container with a bottle seal under Central Excise supervision or otherwise would continue till 01st September 2017. Such sealing will be done under the supervision of the officer having physical jurisdiction and a copy of the sealing report would be forwarded to the concerned Deputy/Assistant Commissioner. These practices would also apply to exports made on or after 1st July 2017.

ONE TAX ONE NATION - Central GST & Integrated GST Acts extended to State of J&K

President Shri. Pranab Mukherjee promulgates Ordinances to extend Central GST & Integrated GST Acts to State of J&K. For copies of the ordinances click the link: https://drive.google.com/open?id=0B1rRav-P4-8JMkZDNWhBeHJFQms

Rates of GST Compensation Cess

https://drive.google.com/open?id=0B1rRav-P4-8JQWJaVDMxRDlqUEE

GST HSN Code

GST HSN Code List in EXCEL:
https://drive.google.com/open?id=0B1rRav-P4-8JdlczYlpILXdvanc

GST HSN Code List in PDF
https://drive.google.com/open?id=0B1rRav-P4-8JbHhEeE0ycXpxbzQ

Service Tax Return for the period 1.4.2017 to 30.06.2017

Service Tax return for the period 1st April, 2017 to 30th June,2017 shall be submitted by 15th Aug. 2017, in form ST-3 or ST-3C as the case may be, period for revision of the return shall be 45 days from the date of submission of return.

Source:
https://drive.google.com/open?id=0B1rRav-P4-8JelI0dzY0Q3V4Nkk

Relaxation in return filing procedure for first two months of GST implementation

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before 20^th of the succeeding month. However, the invoice-wise details in regular GSTR – 1 would have to be filed for the month of July and August, 2017 as per the timelines given below –

Month	GSTR – 3B	GSTR – 1	GSTR – 2 (auto populated from GSTR-1)
July, 2017	20th August	1st – 5th September*	6th – 10th September
August, 2017	20th September	16th – 20th September	21st  – 25th September

* Facility for uploading of outward supplies for July, 2017 will be available from 15^th July, 2017.

No late fees and penalty would be levied for the interim period. This is intended to provide a sense of comfort to the taxpayers and give them an elbow room to attune themselves with the requirements of the changed system. This not only underlines the government’s commitment towards ensuring that all the stakeholders are on board but also provides an opportunity to the taxpayers to be ready for this historic reform.

Records to be maintained by owner or operator of godown or warehouse and transporters

(1) Every person required to maintain records and accounts in accordance with the provisions of sub-section (2) of section 35, if not already registered under the Act, shall submit the details regarding his business electronically on the Common Portal in FORM GST ENR-01, either directly or through a Facilitation Centre notified by the Commissioner and, upon validation of the details furnished, a unique enrolment number shall be generated and communicated to the said person.

(2) The person enrolled under sub-rule (1) as aforesaid in any other State or Union territory shall be deemed to be enrolled in the State or Union territory.

(3) Every person who is enrolled under sub-rule (1) shall, where required, amend the details furnished in FORM GST ENR-01 electronically on the Common Portal either directly or through a Facilitation Centre notified by the Commissioner.

(4) Subject to the provision of rule 1, any person engaged in the business of transporting goods shall maintain records of goods transported, delivered and goods stored in transit by him alongwith GSTIN of the registered consignor and consignee for each of his branches.

(5) Subject to the provision of rule 1, every owner or operator of a warehouse or godown shall maintain books of accounts with respect to the period for which particular goods remain in the warehouse, including the particulars relating to dispatch, movement, receipt, and disposal of such goods.

(6) The owner or the operator of the godown shall store the goods in such manner that they can be identified item wise and owner wise and shall facilitate any physical verification or inspection by the proper officer on demand.

REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY

[As per discussions in the 16th GST Council Meeting held on 11th June, 2017]

Sub section (1) of section 10 read with sub-section (2) of the same section of the Central Goods and Services Tax Act, 2017 [CGST Act] provides that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed Rs.50 lakh, may opt to pay, in lieu of the tax payable by him, an amount calculated at the rate of:

• 1% of turnover in State or turnover in Union Territory in case of a manufacturer;
• 2.5% of turnover in State or turnover in Union Territory in case of persons engaged in making supplies referred to in Paragraph 6(b) of Schedule II to the CGST Act [6(b) supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration.]; and
• 0.5% of turnover in State or turnover in Union Territory in case of other suppliers.

The said sub-section also provides that the said limit may be increased upto Rs.1 crore on the recommendations of the GST Council.

The GST Council, in its meeting held on 11th June, 2017, has recommended increase in the aforesaid turnover limit for Composition Levy for CGST and SGST purposes from Rs. 50 lakh to Rs.75 lakh in respect of all eligible registered persons, referred to in the aforesaid sub­section. 

However, whether the same increased turnover limit for Composition levy will apply in case of Special Category States or not will be decided in the next GST Council meeting.

IGST Exemptions/Concessions under GST

 [As per discussions in the GST Council Meeting held on 18th/19th May, 2017]

https://drive.google.com/open?id=0B1rRav-P4-8JQUd4cWR2ZkJjR2c

FORMS FOR PAYMENT OF GST

Read more:
https://drive.google.com/open?id=0B1rRav-P4-8JLXJQQ2VtRFlmQ3M

Schedule of GST rates - FOR SERVICES

https://drive.google.com/open?id=0B1rRav-P4-8JSXJiZ2JhY0x4VTA

Decisions in regard to Services taken by the GST Council in the 16^th meeting held on 11^th of June 2017

https://drive.google.com/open?id=0B1rRav-P4-8JcTM2dWhwY0RQM2c

Classification Scheme For Services Under GST

Read More:
https://drive.google.com/open?id=0B1rRav-P4-8JTjlLVTU1QndNVVk

Chapter wise / Rate wise GST Schedule - FOR GOODS

GST RATE SCHEDULE FOR CERTAIN GOODS - As per discussions in the GST Council Meeting held on 18th May, 2017
https://drive.google.com/open?id=0B1rRav-P4-8JWWN5dlB6eUgwWVE


GST RATE SCHEDULE FOR CERTAIN GOODS - As per discussions in the GST Council Meeting held on 3rd June, 2017
https://drive.google.com/open?id=0B1rRav-P4-8JWmdraG1EVmxRTFU


ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS - As per discussions in the GST Council Meeting held on 18th May, 2017.
https://drive.google.com/open?id=0B1rRav-P4-8JZkEzTmluelpYMFU

ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS - As per discussions in the GST Council Meeting held on 3rd June, 2017
https://drive.google.com/open?id=0B1rRav-P4-8JY2ZOblozUmxyaE0

REVISED GST RATE FOR CERTAIN GOODS - As per discussions in the 16^th GST Council Meeting held on 11^th June, 2017

https://drive.google.com/open?id=0B1rRav-P4-8JUk04OUlTNXhndkE

List of Services and Goods under Reverse Charge GST

Read More for Services:
https://drive.google.com/open?id=0B1rRav-P4-8JZHJ2QmpKeGlaNEk

Read More for Goods:
https://drive.google.com/open?id=0B1rRav-P4-8JMl9FdEtQOUwxVEk

Registration under GST - Rules and Forms

Registration Rules:
https://drive.google.com/open?id=0B1rRav-P4-8JT1dnb3kwWHdwRTg


Registration Forms
https://drive.google.com/open?id=0B1rRav-P4-8JaFVIMEVicFlaY0E


GST Registration Rules after making the changes in rule no. 19 as per meeting of GST Council held on 11th June 2017.
https://drive.google.com/open?id=0B1rRav-P4-8JcTM2dWhwY0RQM2c

Composition Scheme under GST - Rules and Forms

Composition Rules
https://drive.google.com/open?id=0B1rRav-P4-8JZ3NRMUw2UDZwZ1U

Composition Forms
https://drive.google.com/open?id=0B1rRav-P4-8JNWNvSU1hTzkzdmc

Payment Under GST - Rules and Forms

Rules

https://drive.google.com/open?id=0B1rRav-P4-8JeVd6c3VIc09UTzg
Forms
https://drive.google.com/open?id=0B1rRav-P4-8JSmNmblN0cHdYTzg

Input Tax Credit under GST- Rules and Forms

Rules
https://drive.google.com/open?id=0B1rRav-P4-8JVm5mRnBHUDUtM0E

Forms
https://drive.google.com/open?id=0B1rRav-P4-8JajVtd1VHdWZvMDA

Refund Under GST - Rules and Forms

Rules
https://drive.google.com/open?id=0B1rRav-P4-8JY181M20yYlhCaFk

Forms
https://drive.google.com/open?id=0B1rRav-P4-8JeElaLXpKYWF5Vmc

Valuation under GST - Rules

Rules
https://drive.google.com/open?id=0B1rRav-P4-8JbVdLbXNfeElXYUk

Invoice, Debit/Credit Notes under GST - Rules

https://drive.google.com/open?id=0B1rRav-P4-8JMDJVVXVXYlg2Wms

GST ACTS

CGST ACT:
https://drive.google.com/open?id=0B1rRav-P4-8JRzVfSjhOY002TEU

IGST ACT:
https://drive.google.com/open?id=0B1rRav-P4-8JUFpNd2Y1WmxJQjg

UT-GST ACT:
https://drive.google.com/open?id=0B1rRav-P4-8JWVlUTUhqWUtibms

GST COMPENSATION TO STATES ACT:
https://drive.google.com/open?id=0B1rRav-P4-8JV3d2V3liMnV5ODQ