New GST News and Circulars 04.06.2018
[ Join online GST Course by CA Satbir Singh ]
New GST News
GST FAQs on Financial Services Sector published by CBIC 03.06.2018
Free Background Material on GST Acts and Rules- May 2018 Edition
How to easily refer GST Act online
ICAI Submited Draft ” GST Audit Report Formats ” to Finance Ministry
New GST Notifications
Notification No 25/2018 Central Tax Dated 31.05.18 : GSTR 6 Due date extended
Notification No 24 /2018 Central Tax : Authority Notified to conduct exam of GST Practitioners
Notification No 11/2018 Central Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)
Notification No 12/2018 Integrated Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)
New GST Circulars
Circular No 45/19/2018 GST : Refund issue Clarified by CBIC : Dated 30th May 2018
Circular No 12/2018 Customs : Sanction of pending IGST refund claims : 29th May 2018
New GST Judgments
Statutory company is not Government : No GST benefit can be availed : AAR
EPC contract for solar power plant is not Composite Supply : AAR
GST exemption for Health care services under GST : AAR ruling
Approach nodal officers for outlining GST grievances : HC
State Govt. has power to prescribe documents for goods till eway bill is applicable: HC
How to pay GST on transportation & allied services relating to goods supply : AAR Clarified
Activity of printing by photo lab is supply of goods or service under GST : AAR Clarified
How to do Valuation of supplies to branches in other states : AAR Clarified
Transfer of business as going concern exempts from GST: Karnataka AAR
New Press Release
SevaBhojYojna : To Reimburse GST on Food/Prasad/Langar/Bhandara offered free of cost
GST revenue collection for May 2018 Rs 94016 Crore
Roll out of e-Way Bill system in 8 more States from June 2018 : Press Release 31.05.18
[Video] GSTR 3B changes on GST Portal : GST News 298
GST DRC 03 available on GST Portal for making voluntary payments by a taxpayer.
Income Tax Calendar June 2018 : Due Dates
With the Enactment & Implementing of Goods & Services Tax Acts in India, and Introduction of the Goods and Services Tax Network [GSTN] under the Ministry of Finance, Government of India, a New Era has commenced in Tax Regimen in India. The Goods and Services Tax Network [GSTN] holds much “DATA” about the stakeholders in the subject. With this advent there is much scope to streamline, support and strengthen the stakeholders in the subject, particularly, the Taxpayers as well as the Registered Goods & Services Tax Practitioners.
The Bridge-building tasks between the Ministry & the Taxpayers, like Registering Taxpayers, Representing on their behalf, and Liaisoning between the Ministry & the Taxpayers, is mainly carried out by the Registered Goods & Services Tax Practitioners only. Therefore, there is an utmost necessity to update the knowledge of the Registered Goods & Services Tax Practitioners with latest updates & developments in the field, like changes, amendments to Acts & Rules, all Notifications, Circulars, Instructions brought in by the Ministry, together with latest Appellate Orders, Tribunal Decisions, Authority for Advance Rulings – AAR’s Decisions, High Courts’/Supreme Court’s Judgments, etc., must be reached to the Registered Goods & Services Tax Practitioners instantly, so as to enable the Registered Goods & Services Tax Practitioners to extend their services to Taxpayers in an appropriately updated manner.
Therefore, the Ministry of Finance, Government of India must be requested to order the GSTN to circulate or send emails attaching such of the above referred informative things to all the Registered Goods & Services Tax Practitioners instantly, as & when brought in or made effective.
Further, the GSTN is holding the details about all the Registered Goods & Services Tax Practitioners with it. Unfortunately, such information about the Registered Income Tax Practitioners is not available with the Department of Income Tax under the same Ministry. It would be much better if the Department of Income Tax also creates an independent Income Tax Network [ITN] or introduce a provision in its own Website, to stock up information about the Registered Income Tax Practitioners.