Daily Archives: June 8, 2018

Circular No 47/21/2018 GST : Clarifications of certain GST issues

By | June 8, 2018

Circular No 47/21/2018 GST Summary of Circular No 47/21/2018 GST Circular No 47/21/2018 GST Dated 08th June, 2018 Clarifications of certain issues under GST like what will be the GST implication if i)  What will be the GST implication if Original Equipment Manufacturers (OEM)  sent free of cost (FOC) supplies to a component manufacturer ii) How to… Read More »

How to Cancel Eway bill after 24 Hours

By | June 8, 2018

How to Cancel Eway bill after 24 Hours Comment :- If the Eway bill has not been verified during the transit , You can ask the recipient to reject the Eway bill  within 72 two hours of the details being made available to him on the common portal, or the time of delivery of goods whichever is… Read More »

Category: GST

Supply of Printed advertisement materials is goods not service, GST Rate 12% : TELANGANA AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, TELANGANA Macro Media Digital Imaging (P.) Ltd., In re J. LAKSHMINARAYANA, ADDL. COMMISSIONER (STATE TAX) AND V. SRINIVAS, JOINT COMMISSIONER (CENTRAL TAX) ADVANCE RULING NO. TSAAR ORDER NO. 4/2018, A.R.COM /5/2018 MAY  30, 2018 RULING 1. M/s. Macro Media Digital Imaging Private Limited, Charlapally, Hyderabad (GSTIN No.36AABCM9451F1ZF) has filed an application in Form GST… Read More »

18% GST on Geared Motor classified as electric motor : GUJARAT AAR

By | June 8, 2018

on the basis of the Explanatory Notes of HSN under Tariff Heading 8483 and 8501, it is evident that the product ‘Geared Motor’, which is an assembly product of the ‘Electric Motor’ and ‘Gear Box’, will appropriately fall under Chapter Heading 8501 of the Customs Tariff Act, 1975, and we hold so. AUTHORITY FOR ADVANCE… Read More »

No GST on Storage of Agriculture Produce by Traders : ANDHRA PRADESH AAR

By | June 8, 2018

Whether GST will be paid if Agriculture Produce is stored by  Traders ? Notification No. 12/2017 (CGST – Rate) Entry 54(e) : Exemption from GST on loading, unloading, packing, storage or warehousing of agricultural produce. Issue: This Exemption is Available to Farmers or Traders ? Issue : Whether the storage of Agriculture produce falls under Service Account Code … Read More »

5% GST on Bulk drugs also if specified in List 1 of Schedule 1: ANDHRA PRADESH AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, ANDHRA PRADESH Laurus Labs Ltd., In re J.V.M. SARMA AND AMARESH KUMAR, MEMBER ORDER NO. AAR/AP/03(GST)/2018 MARCH  28, 2018 RULING 1. M/s LAURUS LABS LIMITED, Plot No.21, JN Pharma CHy, Parawacia Village and Mandal, Visakhapatnam District-531021, Andhra Pradesh, India(hereinafter also referred as applicant), having GSTIN: 37AABCL1170C1Z0 are engaged in manufacturing of pharmaceutical products (i.e. Bulk drugs and Intermediates). 2. The… Read More »

18 %GST on Hydraulic valve used as intermediate parts in agricultural harvesting machine : GUJARAT AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, GUJARAT Dyna Automation (P.) Ltd., In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ./GAAR/2017-18/5 APPLICATION NO. ADVANCE RULING/SGST & CGST/2017-18/AR/11 JANUARY  17, 2018 Nilesh V. Suchak for the Applicant. RULING 1. The applicant has raised following questions for advance ruling in their application :- (i) What is the classification and rate of Goods… Read More »

No Advance ruling if Circulars / Notification not issued under GST : UTTARAKHAND AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, UTTARAKHAND Kanj Products (P.) Ltd., In re VIPIN CHANDRA AND AMIT GUPTA, MEMBER ADVANCE RULING NO. 03/2017-18 MARCH  19, 2018 C.M. Dang for the Applicant. RULING 1. This is an application under Sub-Section (1) of Section 97 of the CGST/SGST Act, 2017 and the rules made thereunder filed by M/s Kanj Products Private Limited, Plot No.… Read More »

Agricultural Soil testing instruments not exempt, GST @ 18% : TELANGANA AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, TELANGANA Nagarjuna Agro Chemicals (P.) Ltd., In re J. LAKSHMINARAYANA, ADDL. COMMISSIONER (STATE TAX) AND V. SRINIVAS, JOINT COMMISSIONER (CENTRAL TAX) ADVANCE RULING NO. TSAAR ORDER NO. 3/2018 AND A.R. COM /7/2018 MAY  30, 2018 RULING 1. M/s. Nagarjuna Agro Chemicals Private Limited, Hyderabad, (GSTIN No. 36AABCN5531F1ZP) has filed an application in Form… Read More »

Roof ventilators powered by wind are not windmill, GST @ 18% : AAR

By | June 8, 2018

AUTHORITY FOR ADVANCE RULINGS, TELANGANA Sammarth Overseas & Credits (P.) Ltd. In re J. LAKSHMINARAYANA, ADDL. COMMISSIONER (STATE TAX) AND V. SRINIVASA, JOINT COMMISSIONER (CENTRAL TAX) TSAAR ORDER NO. 1/2018 FEBRUARY  5, 2018 TSAAR ORDER NO. 1/2018 1. Under Section 100(1) of the CGST/TGST Act, 2017, any person aggrieved by this order can prefer an appeal before the… Read More »

No Advance Ruling under GST if writ on same issue pending in HC : ANDHRA PRADESH AAR

By | June 8, 2018

Applicant himself admitted that they have preferred writ petition No.7734/2018, dt 07.03.2018 before the Hon’ble High Court of Judicature at Hyderabad on the same issue which is pending for disposal. AUTHORITY FOR ADVANCE RULINGS, ANDHRA PRADESH Crux Bio Tech India (P.) Ltd., In re. J.V.M. SARMA AND AMARESH KUMAR, MEMBER ORDER/AAR/AP/02/GST/2018 APRIL  20, 2018 D. Prem Kumar for the… Read More »

No Advance Ruling can be given on ITC on clean energy cess : ANDHRA PRADESH AAR

By | June 8, 2018

Accordingly, Section 97(2) (d) shall refer to admissibility of input tax credit under GST Acts. However, we find that the input Tax credit referred by the applicant relates to the transitional relief, which is paid under the Act other than the Acts referred in the definition of input tax under CGST. Hence, the question sought… Read More »

Govt to struck-off 2.25 lakh Shell Companies in 2nd drive

By | June 8, 2018

Ministry of Finance Task Force on Shell Companies takes pro-active and coordinated steps to check the menace of shell companies • Compilation of a database of shell companies by SFIO • During Financial Year 2017-18 ROCs identified and removed from the register of companies the names of 2,26,166 companies; 3,09,619 directors disqualified • A total… Read More »

GST Council may reduce GST Rates : MOS Finance

By | June 8, 2018

GST Council may reduce GST Rates : MOS Finance The GST Council is working towards rationalising Goods and Service Tax (GST) rates, Minister of State for Finance Shiv Pratap Shukla said on Thursday. A big announcement from the government regarding GST is imminent, he said at an event. Currently, the GST has four rates of 5… Read More »

Category: GST

28th GST Council Meeting

By | June 8, 2018

28th GST Council Meeting The GST Council is scheduled to meet  soon for a 28th GST council meeting to discuss some of the very important  issues of the GST. Following are the  issues which may be discussed in 28th GST Council meeting GST Amendments GST Amendments Coming Soon .. Changes to include RCM, return filing, refund on exports… Read More »

NOTIFICATION No 50/2018 Customs (N.T.) : Monetary limits for adjudging confiscation or penalty by Customs Officers

By | June 8, 2018

NOTIFICATION No 50/2018 Customs (N.T.) Summary of NOTIFICATION No 50/2018 Customs (N.T.) Monetary limits for adjudging confiscation or penalty by Customs Officers u/s 162 of Custom Act 1962 for goods liable to confiscation under Chapter XIV NOTIFICATION No 50/2018 Customs (N.T.) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION  No.… Read More »

Circular No 16 /2018 Customs : Adjudication Power for confiscation under Custom for value above Rs 10 Lakh

By | June 8, 2018

Circular No 16 /2018 Customs Circular No 16 /2018 Customs Dated 8th June, 2018.Powers of adjudication of the officers of Customs- reg. F.No.450/117/2009-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi 8th June, 2018. To All Principal Chief Commissioners/ Chief Commissioners of Customs /… Read More »