28th meeting og GST Council July 2018
1. Quarterly return for dealers having turn over of rs. 5 crore
2. Composition scheme is available to service se
3. Minor mistake in generation of e-way bill
Circular No. 64/38/2018 dt. 14 Sep 2018
- penalty of rs. 1,000.00 will be lavied for deletion of eway bill for mistakes like:
-name of the consignor/consignee
-error in PIN code
-error in address
-error in document number
-vehicle number
4. Audit report and Reconciliation statement:
Notification No. 49/2018 dated 13 Sep 2018
GST (10th ammendment rules 2018)
4.1 FORM NGSTR-9C
4.2 'Part A' Reconciliation of turnover and Taxes
4.2.1 Basic details of suppliers, Reconciliation of turnover, tax paid, input tax credit
4.3 'Part B' Auditors' certificate.
5.TDS is not applicable for supply by one PSU to another PSU(NOT. 61/2018 DT. 5 NOV 18)
P615/ISS12/V43 OF CPT
6. Feedback and Action Room(FAR) has been set up to facilitate GST helpdesks
7. Place of suppy in case of location of immovable property is situated outside India and where Receipt is situated
7.1 in india = >IGST is applicable
7.2 outside India => zero rated supply if
conditions to be fulfilled to qualify as export
P608/vol 43/is 12 CPT
8.1. GST on fine penalty imposed by Govt. Or local authorities for violation of law=>
Not taxable
8.2. Consideration in the form of fines or penalties by Govt or local authority for tolerating of non-performance is exempt
Not. No. 12/2017 dt. 28 June 18
P609/vol 43/iss. 12 CTP
9. Health care service provided by clinical establishment / authorised medical practitioners / para-medics are exempt Noti. No. 12/2017 dated 28 June 2017.
Consultancy charges received by doctors are exempt Cir. No. 32/06/2018 dated 12 feb 2018.
10. Advance ruling :
10.1.Section 97 of CGST ACT 2017.
10.2. Application in form GST ARA-01.
10.3. Rule 104 for procedure CGST Rules 2017
11. Sale of trade mark is liable to GST but payment for non competence fee is not liable to GST.
HC (ker 2019, Lal Products )
12. For composition scheme dealers the rate of tax applicable is 1% for "Supply of Goods And Services" w.e.f. 01 February 2019.
13. Key changes of GST w.e.f 01 February 2019:
13.1. Change in threshold limit for registration requirement from Rs. 10 lakhs ro Rs. 20 Lakhs.
13.2 Reverse Charges for supplies from Unregistered Persons as per section 9 (4) is applicable for classes of registered persons as notified from time to time.
13.3 Composition scheme is available now to suppliers who are supplying goods as well as services provided that the value of service shall not exceed 10% of its turnover in the preceding financial year or Rs. 5 lakhs, whichever is higher the rate of tax applicable is 1%.
13.4 Mandatory utilization of IGST credit at first will have to be made for payment of IGST/CGST/SGST/UTGST
13.5 Mandatory registration by e-commerce operators only if it is liable to collect TCS as per section 52.
And it is mandatory for the e-commerce operators to collect TCS when they are allowing third party seller to operate.
13.6 Single Credit Note can be issued now for multiple invoices instead of issuing separate Credit Note for every single invoices.
13.7 Every persons applying for cancellation of registration the registration is deemed to be suspended from the date of such application and the cancellation will be effected after giving the person an opportunity of being heard.
13.8 Relaxation in taking registration upto Rs. 20 Lakhs of turnover is now allowable for suppliers who are supplying through e-commerce operators.
13.9 Any registered dealer obtained multiple registration for different establishment within the same State/UT can now transfer ITC to the proportion of value of assets transferred.
13.10 ITC is not available on motor vehicle with sitting capacity of 13 persons. However such ITC can be available if the service is available for transportation of such vehicle or for imparting training to drivers. Even GST paid on general insurance, servicing, repairs with the same
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