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.”