Daily Archives: July 13, 2017

Rule 125 CGST Rules 2017 : Secretary to the Authority

 Rule 125 CGST Rules 2017 ( Rule 125 CGST Rules 2017 explains Secretary to the Authority  and is covered in Chapter XV  – Anti-Profiteering  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Secretary to the Authority 125. The Additional Director General of Safeguards under the Board shall be the Secretary to the Authority.     Related Topic… Read More »

Rule 124 CGST Rules 2017 : Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority

 Rule 124 CGST Rules 2017 ( Rule 124 CGST Rules 2017 explains Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority  and is covered in Chapter XV  – Anti-Profiteering  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Appointment, salary, allowances and other terms and conditions of service… Read More »

Rule 123 CGST Rules 2017 : Constitution of the Standing Committee and Screening Committees

 Rule 123 CGST Rules 2017 ( Rule 123 CGST Rules 2017 explains Constitution of the Standing Committee and Screening Committees  and is covered in Chapter XV  – Anti-Profiteering  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Constitution of the Standing Committee and Screening Committees 123. (1) The Council may constitute a Standing Committee on Anti-profiteering which shall… Read More »

Rule 122 CGST Rules 2017 : Constitution of the Authority : Anti-Profiteering

 Rule 122 CGST Rules 2017 ( Rule 122 CGST Rules 2017 explains Constitution of the Authority  and is covered in Chapter XV  – Anti-Profiteering  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Constitution of the Authority 122. The Authority shall consist of,— (a) a Chairman who holds or has held a post equivalent in rank to a… Read More »

 Rule 121 CGST Rules 2017 : Recovery of credit wrongly availed

 Rule 121 CGST Rules 2017 ( Rule 121 CGST Rules 2017 explains Recovery of credit wrongly availed  and is covered in Chapter XIV  – Transitional Provisions  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Recovery of credit wrongly availed 121. The amount credited under sub-rule (3) of rule 117 may be verified and proceedings under section… Read More »

Rule 120 CGST Rules 2017 : Details of goods sent on approval basis

 Rule 120 CGST Rules 2017 ( Rule 120 CGST Rules 2017 explains Details of goods sent on approval basis  and is covered in Chapter XIV  – Transitional Provisions  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Details of goods sent on approval basis 120. Every person having sent goods on approval under the existing law and… Read More »

 Rule 119 CGST Rules 2017 : Declaration of stock held by a principal and job-worker

 Rule 119 CGST Rules 2017 ( Rule 119 CGST Rules 2017 explains Declaration of stock held by a principal and job-worker  and is covered in Chapter XIV  – Transitional Provisions  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Declaration of stock held by a principal and 1 [job-worker] 119. Every person to whom the provisions of section 141… Read More »

Rule 118 CGST Rules 2017 : Declaration to be made under clause (c) of sub-section (11) of section 142

 Rule 118 CGST Rules 2017 ( Rule 118 CGST Rules 2017 explains Declaration to be made under clause (c) of sub-section (11) of section 142  and is covered in Chapter XIV  – Transitional Provisions  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Declaration to be made under clause (c) of sub-section (11) of section 142… Read More »

Rule 117 CGST Rules 2017 : Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day

 Rule 117 CGST Rules 2017 ( Rule 117 CGST Rules 2017 explains Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day  and is covered in Chapter XIV  – Transitional Provisions  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Tax or duty credit carried forward… Read More »

Rule 116 CGST Rules 2017 : Disqualification for misconduct of an authorised representative

 Rule 116 CGST Rules 2017 ( Rule 116 CGST Rules 2017 explains Disqualification for misconduct of an authorised representative  and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Disqualification for misconduct of an authorised representative 116. Where an authorised representative, other than those referred to in clause (b)… Read More »

Rule 115 CGST Rules 2017 : Demand confirmed by the Court

 Rule 115 CGST Rules 2017 ( Rule 115 CGST Rules 2017 explains Demand confirmed by the Court and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Demand confirmed by the Court 115. The jurisdictional officer shall issue a statement in FORM GST APL-04 clearly indicating the final amount… Read More »

Rule 114 CGST Rules 2017 : Appeal to the High Court

 Rule 114 CGST Rules 2017 ( Rule 114 CGST Rules 2017 explains Appeal to the High Court  and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Appeal to the High Court 114. (1) An appeal to the High Court under sub-section (1) of section 117 shall be filed… Read More »

Rule 113 CGST Rules 2017 : Order of Appellate Authority or Appellate Tribunal

 Rule 113 CGST Rules 2017 ( Rule 113 CGST Rules 2017 explains Order of Appellate Authority or Appellate Tribunal  and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Order of Appellate Authority or Appellate Tribunal 113. (1) The Appellate Authority shall, along with its order under sub-section (11)… Read More »

Rule 112 CGST Rules 2017 : Production of additional evidence before the Appellate Authority or the Appellate Tribunal

 Rule 112 CGST Rules 2017 ( Rule 112 CGST Rules 2017 explains Production of additional evidence before the Appellate Authority or the Appellate Tribunal  and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Production of additional evidence before the Appellate Authority or the Appellate Tribunal 112. (1) The… Read More »

 Rule 111 CGST Rules 2017 : Application to the Appellate Tribunal

 Rule 111 CGST Rules 2017 ( Rule 111 CGST Rules 2017 explains Application to the Appellate Tribunal and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Application to the Appellate Tribunal 111. (1) An application to the Appellate Tribunal under sub-section (3) of section 112 shall be made… Read More »

Rule 110 CGST Rules 2017 : Appeal to the Appellate Tribunal

 Rule 110 CGST Rules 2017 ( Rule 110 CGST Rules 2017 explains Appeal to the Appellate Tribunal and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Appeal to the Appellate Tribunal 110. (1) An appeal to the Appellate Tribunal under sub-section (1) of section 112 shall be filed… Read More »

 Rule 109 CGST Rules 2017 : Application to the Appellate Authority

 Rule 109 CGST Rules 2017 ( Rule 109 CGST Rules 2017 explains Application to the Appellate Authority and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Application to the Appellate Authority 109. (1) An application to the Appellate Authority under sub-section (2) of section 107 shall be made… Read More »

Rule 108 CGST Rules 2017 : Appeal to the Appellate Authority

 Rule 108 CGST Rules 2017 ( Rule 108 CGST Rules 2017 explains Appeal to the Appellate Authority and is covered in Chapter XIII  – Appeals and Revision  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Appeal to the Appellate Authority 108. (1) An appeal to the Appellate Authority under sub-section (1) of section 107 shall be filed… Read More »

 Rule 107 CGST Rules 2017 : Certification of copies of the advance rulings pronounced by the Appellate Authority

 Rule 107 CGST Rules 2017 ( Rule 107 CGST Rules 2017 explains Certification of copies of the advance rulings pronounced by the Appellate Authority and is covered in Chapter XII  – Advance Ruling   : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Certification of copies of the advance rulings pronounced by the Appellate Authority 107. A copy of… Read More »

Rule 106 CGST Rules 2017 : Form and manner of appeal to the Appellate Authority for Advance Ruling

 Rule 106 CGST Rules 2017 ( Rule 106 CGST Rules 2017 explains Form and manner of appeal to the Appellate Authority for Advance Ruling and is covered in Chapter XII  – Advance Ruling   : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Form and manner of appeal to the Appellate Authority for Advance Ruling 106. (1) An appeal… Read More »

Rule 105 CGST Rules 2017 : Certification of copies of advance rulings pronounced by the Authority

 Rule 105 CGST Rules 2017 ( Rule 105 CGST Rules 2017 explains Certification of copies of advance rulings pronounced by the Authority and is covered in Chapter XII  – Advance Ruling   : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Certification of copies of advance rulings pronounced by the Authority 105. A copy of the advance ruling shall… Read More »

Rule 104 CGST Rules 2017 : Form and manner of application to the Authority for Advance Ruling

 Rule 104 CGST Rules 2017 ( Rule 104 CGST Rules 2017 explains Form and manner of application to the Authority for Advance Ruling and is covered in Chapter XII  – Advance Ruling   : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Form and manner of application to the Authority for Advance Ruling 104. (1) An application for obtaining… Read More »

 Rule 103 CGST Rules 2017 : Qualification and appointment of members of the Authority for Advance Ruling

 Rule 103 CGST Rules 2017 ( Rule 103 CGST Rules 2017 explains Qualification and appointment of members of the Authority for Advance Ruling and is covered in Chapter XII  – Advance Ruling   : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Qualification and appointment of members of the Authority for Advance Ruling 103. The Central Government and the… Read More »

Rule 102 CGST Rules 2017 : Special Audit

 Rule 102 CGST Rules 2017 ( Rule 102 CGST Rules 2017 explains Special Audit and is covered in Chapter XI  – Assessment and Audit  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Special Audit 102. (1) Where special audit is required to be conducted in accordance with the provisions of section 66, the officer referred to in… Read More »

Rule 101 CGST Rules 2017 : Audit

 Rule 101 CGST Rules 2017 ( Rule 101 CGST Rules 2017 explains Audit and is covered in Chapter XI  – Assessment and Audit  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Audit 101. (1) The period of audit to be conducted under sub-section (1) of section 65 shall be a financial year or multiples thereof. (2) Where… Read More »

 Rule 100 CGST Rules 2017 : Assessment in certain cases

 Rule 100 CGST Rules 2017 ( Rule 100 CGST Rules 2017 explains Assessment in certain cases and is covered in Chapter XI  – Assessment and Audit  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Assessment in certain cases 100. (1) The order of assessment made under sub-section (1) of section 62 shall be issued in FORM GST… Read More »

Rule 99 CGST Rules 2017 : Scrutiny of returns

 Rule 99 CGST Rules 2017 ( Rule 99 CGST Rules 2017 explains Scrutiny of returns and is covered in Chapter XI  – Assessment and Audit  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Scrutiny of returns 99. (1) Where any return furnished by a registered person is selected for scrutiny, the proper officer shall scrutinize the same… Read More »

 Rule 98 CGST Rules 2017 : Provisional Assessment

 Rule 98 CGST Rules 2017 ( Rule 98 CGST Rules 2017 explains Provisional Assessment and is covered in Chapter XI  – Assessment and Audit  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Provisional Assessment 98. (1) Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of… Read More »

 Rule 97 CGST Rules 2017 : Consumer Welfare Fund

 Rule 97 CGST Rules 2017 ( Rule 97 CGST Rules 2017 explains Consumer Welfare Fund and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.)  Consumer Welfare Fund 97. (1) All credits to the Consumer Welfare Fund shall be made under sub-rule (5) of rule 92. (2) Any amount, having been… Read More »

Rule 96A CGST Rules 2017 : Refund of integrated tax paid on export of goods or services under bond or Letter of Undertaking.

 Rule 96A CGST Rules 2017 ( Rule 96A CGST Rules 2017 explains Refund of integrated tax paid on export of goods or services under bond or Letter of Undertaking  and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Third Amendment) Rules, 2017, w.e.f. 1-7-2017. Refund of integrated tax paid on export of goods or services… Read More »

Rule 96 CGST Rules 2017 : Refund of integrated tax paid on goods exported out of India

 Rule 96 CGST Rules 2017 ( Rule 96 CGST Rules 2017 explains Refund of integrated tax paid on goods exported out of India and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Refund of integrated tax paid on goods exported out of India 96. (1) The shipping bill filed by… Read More »

Final Rules for Valuation of unquoted Equity shares released by CBDT : Notification No. 61 /2017 Dated 12th July 2017

Notification No. 61 /2017 Dated 12th July, 2017 Method for Fair market value of unquoted equity share prescribed vide Notification No. 61 /2017 Dated 12th July, 2017 MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 12th July, 2017 INCOME-TAX G.S.R. 865(E).—In exercise of the powers conferred by section 50CA and sub-section… Read More »

GST on Resident Welfare Association Services : Govt Clarify

Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime.  There are some press reports that services provided by a Housing Society [Resident Welfare Association (RWA)] will become expensive… Read More »

GST on Education :- No GST on Annual subscription/ fees charged as lodging/boarding charges

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation;  Services provided by an educational institution to students, faculty and staff are fully exempt from GST.  There are some reports that GST@18% will be levied on annual subscription/fees charged for lodging in hostels. This is not true. … Read More »

GST Forms : Download

GST Forms Composition Forms Sr No Form No Description 1. GST CMP-01 Intimation to pay tax under Section 10 (composition levy) (Only for persons registered under the existing law migrating on the appointed day) 2. GST CMP-02 Intimation to pay tax under Section 10 (composition levy) (For persons registered under the Act) 3. GST CMP-03 Intimation… Read More »

Rule 94 CGST Rules 2017 : Order sanctioning interest on delayed refunds

 Rule 94 CGST Rules 2017 ( Rule 94 CGST Rules 2017 explains Order sanctioning interest on delayed refunds and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Order sanctioning interest on delayed refunds 94. Where any interest is due and payable to the applicant under section 56, the proper officer… Read More »

 Rule 93 CGST Rules 2017 : Credit of the amount of rejected refund claim

 Rule 93 CGST Rules 2017 ( Rule 93 CGST Rules 2017 explains Credit of the amount of rejected refund claim and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Credit of the amount of rejected refund claim 93. (1) Where any deficiencies have been communicated under sub-rule (3) of rule… Read More »

 Rule 92 CGST Rules 2017 : Order sanctioning refund

 Rule 92 CGST Rules 2017 ( Rule 92 CGST Rules 2017 explains Order sanctioning refund and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Order sanctioning refund 92. (1) Where, upon examination of the application, the proper officer is satisfied that a refund under sub-section (5) of section 54 is… Read More »

Rule 91 CGST Rules 2017 : Grant of provisional refund

 Rule 91 CGST Rules 2017 ( Rule 91 CGST Rules 2017 explains Grant of provisional refund and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Grant of provisional refund 91. (1) The provisional refund in accordance with the provisions of sub-section (6) of section 54 shall be granted subject to… Read More »

 Rule 90 CGST Rules 2017 : Acknowledgement of Refund

 Rule 90 CGST Rules 2017 ( Rule 90 CGST Rules 2017 explains Acknowledgement and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Acknowledgement 90. (1) Where the application relates to a claim for refund from the electronic cash ledger, an acknowledgement in FORM GST RFD-02 shall be made available to… Read More »

Rule 89 CGST Rules 2017 : Application for refund of tax, interest, penalty, fees or any other amount

 Rule 89 CGST Rules 2017 ( Rule 89 CGST Rules 2017 explains  Application for refund of tax, interest, penalty, fees or any other amount  and is covered in Chapter X  – Refund  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Application for refund of tax, interest, penalty, fees or any other amount 89. (1) Any person,… Read More »

 Rule 88 CGST Rules 2017 : Identification number for each transaction

 Rule 88 CGST Rules 2017 ( Rule 88 CGST Rules 2017 explains Identification number for each transaction  and is covered in Chapter IX  – Payment of Tax  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Identification number for each transaction 88. (1) A unique identification number shall be generated at the common portal for each debit or… Read More »

 Rule 87 CGST Rules 2017 : Electronic Cash Ledger

 Rule 87 CGST Rules 2017 ( Rule 87 CGST Rules 2017 explains Electronic Cash Ledger  and is covered in Chapter IX  – Payment of Tax  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Electronic Cash Ledger 87. (1) The electronic cash ledger under sub-section (1) of section 49 shall be maintained in FORM GST PMT-05 for each… Read More »

Rule 86 CGST Rules 2017 : Electronic Credit Ledger

 Rule 86 CGST Rules 2017 ( Rule 86 CGST Rules 2017 explains Electronic Credit Ledger  and is covered in Chapter IX  – Payment of Tax  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Electronic Credit Ledger 86. (1) The electronic credit ledger shall be maintained in FORM GST PMT-02 for each registered person eligible for input tax… Read More »

Rule 85 CGST Rules 2017 : Electronic Liability Register

 Rule 85 CGST Rules 2017 ( Rule 85 CGST Rules 2017 explains Electronic Liability Register  and is covered in Chapter IX  – Payment of Tax  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Electronic Liability Register 85. (1) The electronic liability register specified under sub section (7) of section 49 shall be maintained in FORM GST PMT-01… Read More »

Rule 84 CGST Rules 2017 : Conditions for purposes of appearance

 Rule 84 CGST Rules 2017 ( Rule 84 CGST Rules 2017 explains Conditions for purposes of appearance  and is covered in Chapter VIII  – Returns : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Conditions for purposes of appearance 84. (1) No person shall be eligible to attend before any authority as a goods and services tax practitioner… Read More »

Rule 83 CGST Rules 2017 : Provisions relating to a goods and services tax practitioner

 Rule 83 CGST Rules 2017 ( Rule 83 CGST Rules 2017 explains Provisions relating to a goods and services tax practitioner  and is covered in Chapter VIII  – Returns : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Provisions relating to a goods and services tax practitioner 83. (1) An application in FORM GST PCT-01 may be made… Read More »

 Rule 82 CGST Rules 2017 : Details of inward supplies of persons having Unique Identity Number

 Rule 82 CGST Rules 2017 ( Rule 82 CGST Rules 2017 explains Details of inward supplies of persons having Unique Identity Number  and is covered in Chapter VIII  – Returns : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Details of inward supplies of persons having Unique Identity Number 82. (1) Every person who has been issued a… Read More »