Tag Archives: GST Rules

 GST Final Appeals and Revision Rules

By | June 20, 2017

Chapter – Appeals and Revision 1. Appeal to the Appellate Authority (1) An appeal to the Appellate Authority under sub-section (1) of Section 107 of the Act shall be filed in FORM GST APL-01, along with the supporting documents, either electronically or otherwise as may be notified by the Commissioner, and a provisional acknowledgement shall be… Read More »

Final GST Advance Ruling Rules

By | June 20, 2017

Chapter – Advance Ruling 1. Qualification and appointment of members of the Authority for Advance Ruling The Central Government and the State Government shall appoint an officer in the rank of Joint Commissioner as member of the Authority for Advance Ruling. 2. Form and manner of application to the Authority for Advance Ruling (1) An… Read More »

GST Final E-way Rules

By | June 20, 2017

E-way Rules Till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. [ Note : Earlier Draft… Read More »

Anti-profiteering Rules 2017 – As approved by GST Council – Download

By | June 20, 2017

Anti-profiteering Rules, 2017 In exercise of the powers conferred by section 164 read with section 171 of the Central Goods and Services Tax Act, 2017(12 of 2017) the Central Government hereby makes the following rules, namely :- 1. Short title, extent and commencement.- (1) These rules may be called the Anti-profiteering Rules, 2017. (2) They… Read More »

Final GST Rules 

By | June 12, 2017

Final GST Rules Central Goods and Services Tax Rules 2017 – CGST Rules 2017 – Notification No. 3 /2017 – Central Tax Dated 19.06.2017 GST Settlement of funds Rules 2017 Notification Dated 27th July, 2017 Final GST Advance Ruling Rules Approved by GST Council Final GST Advance Ruling Formats Approved by GST Council Anti-profiteering Rules… Read More »

Final GST Rules – 25 Key Points

By | May 23, 2017

Final GST Rules In its 14th meeting in Srinagar on 18th and 19th May,2017 the all-powerful GST council cleared seven rules pertaining to different aspects of GST. These rules relate to Registration, Input Tax Credit, Payment, Refund, Invoice, Valuation and Composition and have paved the way for the rollout of GST from July 1, 2017.… Read More »

New GST rules provide clarity on 3 issues

By | May 19, 2017

On Thursday, the GST Council approved all eight rules, clearing the ground for the rollout of the goods and services tax (GST). A preliminary reading of these rules reveals three significant changes.  [ Final GST Rules Approved by GST Council Meeting held on 18.05.2017 ; Download ] First, the final rules have clarified on the valuation of… Read More »

Final GST Rules Approved by GST Council Meeting held on 18.05.2017 – Download

By | May 19, 2017

Final GST Rules – Approved by GST Council Meeting held on 18.05.2017 Composition – Rules and Formats Valuation Rules ITC – Rules and Formats Invoice, Debit & Credit Notes – Rules Payment – Rules and Formats Refund – Rulesand Formats Registration – Rules and Formats [ Read also GST Rate Schedule for Goods ; As per GST… Read More »

Remove ‘ related persons ’ from Rule 2 of GST Valuation Rules – ICAI – GST Rules Issue 2

By | May 9, 2017

Value of supply in case of supply between distinct persons or related persons   Rule 2 [Draft Valuation Rules ] provides for a mechanism to arrive at a value in case of distinct persons and related persons by following the same options as available in Rule 1. Issue While supply between distinct persons being covered by this… Read More »

ICAI Suggestions on GST Rules Submitted to Govt of India

By | May 9, 2017

ICAI Submitted its Suggestions on GST Rules April 2017 Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI The Institute of Chartered Accountants of India considers it a privilege to submit its  suggestions on Draft Rules of Composition Input Tax Credit Rules Determination of Value of Supply, Transitional Provisions, Registration, Tax Invoice,Debit… Read More »

8 GST Rules 31.03.2017-Download -Print Analysis

By | April 11, 2017

8 GST Rules 31.03.2017 CBEC has recently released following 8 GST namely : – 1. Input Tax Credit Rules 2.Valuation Rules 3.Transition Rules 4.Composition Rules 5.Revised Invoice Rules 6.Revised Payment Rules 7.Registration Rules and 8.Refund Rules for comments by general public and other stakeholders on or before  10-April-2017 by email on gst-cbec@gov.in. The Institute of… Read More »