How The GST Tax System Will Benefit You Goods and Services Tax (GST), the new direct tax system which the government plans to roll out from July 1, 2017 will make India one unified market and will bundle various state and central taxes under it. GST will be a single tax on the supply of… Read More »
Time Limit for communicating deficiencies in form GST RFD-03 by proper officer Rule 2(3) of the draft GST Refund Rules provide that where any deficiencies are noticed, the proper officer shall communicate the deficiencies to the applicant in FORM GST RFD-03 through the Common Portal electronically, requiring him to file a refund application after rectification… Read More »
Drafting anomaly in Rule 4 Sub rule 3 of Rule 4 of draft GST Refund Rules provide that “where the proper officer is satisfied that the amount refundable under sub rule (1) and sub rule (2) is payable to the applicant under subsection (8) of Section 48, he shall make an order………” Section 48 relates to… Read More »
Transportation of Goods in a semi-knocked down or completely knocked down condition Rule 8(5) of Tax invoice, Credit and Debit Notes provides that where the goods are being transported in a semi knocked down or completely knocked down condition, a) the supplier shall issue the complete invoice before dispatch of the first consignment; b) the… Read More »
Invoice issued by construction industry not considered as a special case It is suggested that tax invoice issued by construction industry be included as a special case under Rule 7 ( Draft GST Tax Invoice Rules , Credit and Debit Notes Rules ) , particularly where R/A bills are issued. Because of its inherent nature prone to… Read More »
Transportation of Goods Without Issue of Invoice Rule 8(1) of draft GST Tax invoice, Credit and Debit Notes Rules provides that for the purposes of: a) supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known, b) transportation of goods for job… Read More »
Advance voucher and refund voucher Rule 5 of draft GST Tax invoice, Credit and Debit Notes Rules provides for issuance voucher for receipt of advance. However no formats have been prescribed for the receipt voucher or refund voucher. Suggestion It is suggested the words ‘…..in the formats prescribed…’ be added and suitable formats be prescribed.… Read More »
General Suggestions related to Registrations • It is suggested that the decoding of GSTIN be provided as to which character is alphabetic and which is numeric. • It is suggested that requirement of having name board with GSTIN as per Rule 10 be removed as it can be procedurally cumbersome and may be misused by… Read More »
Physical Verification of Business Premises Rule 17 of draft GST Registration Rules provides that where the proper officer is satisfied that the physical verification of the place of business of a registered person is required after grant of registration, he may get such verification done and the verification report along with other documents, including photographs,… Read More »
EMPLOYEES’ PROVIDENT FUND ORGANISATION C-1 -1(4)2017/Capital Dyeing/3274 Dated 11.05.2017 Please find enclosed herewith a copy of the judgment dated 27-10- 2016 passed by the Hon’ble High Court of Punjab and Haryana in CWP No. 17366/1998 in the matter of Capital Dyeing V/s RPFC. The Hon’ble Court while dismissing the Writ Petition filed by M/s Capital… Read More »