Daily Archives: October 2, 2017

Change Definition of Exempt Supply under GST : ICAI

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 5. Definition of Exempt Supply – In line with Govt. Policy As per the definition given in Section 2(47) of CGST Act, “exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which… Read More »

Category: GST

Change definition of Electronic Commerce under GST : ICAI

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 4. Definition of Electronic Commerce Section 2(44) of the CGST Act defines the Electronic Commerce as supply of goods or services or both including digital products over digital or electronic network. Issue The current definition appears to include only ‘supply on… Read More »

Category: GST

GST : Composite supply if Separate consideration charged : ICAI raised Issue

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 3. Separate consideration charged for goods and services supplied in conjunction: Section 2(30) of the CGST Act, 2017 defines Composite supply as a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods… Read More »

Category: GST

Modify Definition of Capital Goods under GST : ICAI

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 2. Definition of Capital Goods Section 2(19) of CGST Act 2017 provides that “capital goods” means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to… Read More »

Category: GST

Modify Aggregate Turnover definiation under GST :

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 1. Definition of term Aggregate Turnover Section 2(6) of CGST Act provides that “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis),… Read More »

Category: GST

Where to submit Affidavit to forgo Actionable Claim for Brand Name : Rajasthan Govt Circular No 02/2017

By | October 2, 2017

Rajasthan Govt issued Circular No 02/2017 Dated 29.09.2017 Subject Submission of affidavit to forgo actionable claim or enforceable right in respect of brand name  Download  Circular No 02/2017 Dated 29.09.2017   Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms… Read More »

GST on Employee reimbursement : ICAI raised Issue

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xiv) Employee reimbursement Twitter has clarified that employee reimbursement are generally (with disclaimer) are… Read More »

Category: GST

GST on Renting for residential use of director/officer : ICAI raised Issue

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xiii) An Individual renting residential dwelling to Pvt Ltd Co. for residential use of… Read More »

Category: GST

Delay in responses from GSTN Helpdesk : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (x) Delay in responses from GSTN Helpdesk Due to bulk migration and registration many assessees have faced this issue that they are unable to reach the GST helpdesk and are unable to receive satisfactory responses from the helpdesks through emails or calls. Suggestion It… Read More »

Category: GST

Allow One cash ledger in GST : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (ix) One cash ledger instead of separate cash ledger(s) Issue: Credit in Cash ledger is segregated into different heads which made assessee unable to set off the cash credit of one head for other which can be possible if there is a uniform cash… Read More »

Category: GST

Allow to Pay GST on receipt basis to small Assesses : ICAI Suggestion

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (vii) Exemption to small assessee be provided to pay tax on receipt basis wherein in erstwhile law upto Rs. 50 Lacs assessee was permitted to pay tax on receipt basis.   Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Related Topic… Read More »

Category: GST

GST Transitional Credit not available to Manufacturer / Service provider : ICAI Suggetions

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (v) Transitional Credit is not available to Manufacturer / Service provider : (a) Transitional credit not being available to some manufacturers/ service providers would be discriminatory and impact the margins. Needs to be provided to all if the goods/ services earlier were not liable… Read More »

Category: GST

Registration for RCM : Pay GST on purchases from unregistered dealer : ICAI Suggestions

By | October 2, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee (iv) Mandatory Registration under section 9(3) for Reverse Charge purpose need not trigger the provisions of section 9(4) Section 9(3) of the CGST Act, 2017 provides that the Government may, on the recommendations of the Council, by notification, specify categories of supply of goods… Read More »

Category: GST

GST in Gujarati : Sep 2017: CA. Amish Khandhar

By | October 2, 2017

GST in Gujarati Vol 1 and 2 – 2nd Edition (Goods and Service Tax, Law, Rules, Procedures and other details in TWO Volume with Free CD – Gujarati Language) Paperback – 1 Sep 2017 by CA. Amish Khandhar (Author), CA. Rashmin Vaja (Author) Product description GST in Gujarati Vol 1 and 2 – 2nd Edition with Latest updates till 5th Sept… Read More »

GST Handbook (Contains details on GST in Tabular Format) : Sep 2017 : CA. Amish Khandhar

By | October 2, 2017

GST Handbook (Contains details on GST in Tabular Format) Paperback – 1 Sep 2017 by CA. Amish Khandhar (Author), CA. Rashmin Vaja (Author) Product description GST Handbook (Contains details on GST in Tabular Format) Price Rs 120 Click to buy online Publisher: KMS Advisory Services Pvt. Ltd. (1 September 2017) Related Topic on GST  Topic Click Link GST Acts  Central GST Act… Read More »

Handbook On GST Simplified Approach : Aug 2017 :Vishal Jain 

By | October 2, 2017

Handbook On GST Simplified Approach  – 31 Aug 2017 by Vishal Jain (Author), Nilesh Mundhra (Author), & 1 More Product description GST through tabular formations, charts, bullet points in colored pages. The contents have been drafted to give an overall view of GST in minimum time. Price Rs 250 Click to buy online Paperback: 90 pages Publisher: Darpan Publications International Limited; 1 edition (31 August… Read More »

Handbook on UP GST Act 2017 with Rules & Schedule of Rates (Hindi)  2017 : Anurag Singhal

By | October 2, 2017

Handbook on Uttar Pradesh Goods and Services Act 2017 with Rules & Schedule of Rates (Hindi) Paperback – 2017 by Anurag Singhal (Author), S.M.ALEY (Editor) Product description DIGLOT BILINGUAL HINDI and ENGLISH Edition in 2 VOLUMES, This handbook contains Uttar Pradesh Goods & Services Act 2017, Uttar Pradesh Goods and Services Rules 2017, Schedule of Rates, Forms, Notifications uptil 25 July 2017,… Read More »

Concise Commentary On GS : Book by Ashok Batra : August 2017

By | October 2, 2017

Concise Commentary On GST Paperback – 3 Aug 2017 by Ashok Batra (Author) About the Author CA Ashok Batra (also a Law Graduate) is a Renowned Service tax practitioner, dealing in wide range of practical aspects of Service Tax by engaging in Advisory, Compliance and Litigation functions. Price Rs 1200 Click to buy online Paperback: 1200 pages Publisher: Wolters Kluwer (3… Read More »