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Weekly Update
14.10.2017
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s1 a n d N a r c o t i c s
(NACIN)
Background
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s2 a n d N a r c o t i c s
(NACIN)
GST Council Decisions
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s3 a n d N a r c o t i c s
(NACIN)
No Reverse charge on purchases from
URD under Section 9(4) till 31.03.2018
• Notification No. 38/2017-Central Tax (Rate) dated 13th October,
2017
• Amends notification No. 8/2017-Central Tax (Rate) dated
28.06.2017.
• Notification 8/2017 gave a general exemption from GST for all
intra state purchases from unregistered persons by a registered
person.
• However proviso to para 1 of the said notification also provided
that exemption will not be available if the aggregate purchases
in a day from unregistered persons exceeded Rs.5000/-
• The proviso has now been omitted. Now the exemption
contained in notification 8/2017 shall apply to all registered
persons till 31.03.2018
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s4 a n d N a r c o t i c s
(NACIN)
No Reverse charge on purchases from
URD under Section 9(4) till 31.03.2018
• For Inter-State Supplies, Notification No. 32/2017-Integrated Tax
(Rate) dated 13th October, 2017 has been issued
• It exempts all the inter-State supply of goods or services or both
received by a registered person from any supplier, who is not
registered, from the whole of the integrated tax under section
5(4) of the IGST Act, 2017
• The exemption is available till 31.03.2018.
• Thus, all supplies received from unregistered persons shall be
exempted.
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s5 a n d N a r c o t i c s
(NACIN)
Exemption to Casual Taxable Persons
supplying handicraft goods from obtaining
registration
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s6 a n d N a r c o t i c s
(NACIN)
Time of Supply for small suppliers
having turnover up to Rs. 1.5 crore
• Special procedure for taxpayers with an aggregate turnover of
less than 1.5 Cr in the preceding financial year or current
financial year ( if likely to be less than Rs.1.5 crores)
• Notification No. 40/2017 dated 13.10.2017
• GST to be paid at the time of supply specified in Section 12(2)(1)
(a) i.e. at the time of issue of invoice or the last date by which
invoice has to be issued in terms of Section 31.
• Thus, no GST on advances received by above taxpayers
• However, it is applicable ONLY for suppliers of goods. In case of
any advances received in respect of supply of services, GST will
have to be paid.
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s7 a n d N a r c o t i c s
(NACIN)
Furnishing of Returns by composition
dealer – extension of time
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s8 a n d N a r c o t i c s
(NACIN)
Furnishing of Returns – OIDAR
suppliers
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s9 a n d N a r c o t i c s
(NACIN)
Furnishing of Returns by ISD
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s10a n d N a r c o t i c s
(NACIN)
Manner of claiming credit in special
circumstances
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s11a n d N a r c o t i c s
(NACIN)
Amendment of CGST Rules, 2017
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s12a n d N a r c o t i c s
(NACIN)
Amendment of CGST Rules (Contd.)
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s13a n d N a r c o t i c s
(NACIN)
Amendment of CGST Rules ( Contd)
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s14a n d N a r c o t i c s
(NACIN)
Amendment in CGST Rules (Contd.)
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s15a n d N a r c o t i c s
(NACIN)
Amendment in CGST Rules (Contd.)
• Amendment in GSTR-1
• In GSTR-1, Table 6, one new column for CESS added
(earlier it was missing)
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s16a n d N a r c o t i c s
(NACIN)
Amendment in CGST Rules
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s17a n d N a r c o t i c s
(NACIN)
Amendment in CGST Rules ( Contd.)
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s18a n d N a r c o t i c s
(NACIN)
Cross Empowerment of State Government
/ UT officers for refund under Section 54
of CGST Act, 2017
• Notification 39/2017-Central Tax dated 13.10.2017
• Officers appointed under the respective SGST, 2017 or the UTGST,
2017, authorized to be the proper officers for the purposes of
section 54/ 55 of the said Acts by the Commissioner of the said
Acts, shall act as proper officers for the purpose of sanction of
refund under section 54/ 55 of the CGST Act read with the rules
made thereunder except Rule 96 of the CGST Rules, 2017, in
respect of a registered person located in the territorial jurisdiction
of the said officers who applies for the sanction of refund to the
said officers
• Similar provisions in Notification No. 11/2017 –Integrated Tax
dated 13th October, 2017
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s19a n d N a r c o t i c s
(NACIN)
Composition Scheme
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s20a n d N a r c o t i c s
(NACIN)
Composition Scheme
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s21a n d N a r c o t i c s
(NACIN)
Exemption from Integrated Tax on
import of goods
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s22a n d N a r c o t i c s
(NACIN)
Exemption from Integrated Tax on
import of goods
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s23a n d N a r c o t i c s
(NACIN)
Exemption to Imports by EOUs from
Integrated tax and Compensation Cess
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s24a n d N a r c o t i c s
(NACIN)
Exemption to imports under AA/EPCG etc
from Integrated Tax and Compensation Cess
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s25a n d N a r c o t i c s
(NACIN)
Exemption on supply of goods
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s26a n d N a r c o t i c s
(NACIN)
Exemption to supply of services
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s27a n d N a r c o t i c s
(NACIN)
Rate revision on supply of goods
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s28a n d N a r c o t i c s
(NACIN)
Leasing of Old Motor Vehicles
purchased prior to 1st July, 2017
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s29a n d N a r c o t i c s
(NACIN)
Supply of Old Motor Vehicles
purchased prior to 1st July, 2017
• Notification No. 37/2017-Central Tax (Rate) and parallel notn
for Cess and Integrated tax
• Sale of motor vehicles purchased prior to 1st July 2017 and on
which no ITC taken; Rate of GST shall be
65% of the total rate of Central tax, State tax and Cess as
applicable on supply of similar goods involving transfer of
title in goods.
• The entry applicable only for three years i.e. up to 1st July,
2020
• Conditions: Such supplier is registered person and had
purchased the Motor Vehicle prior to 1st July, 2017 and has
not availed input tax credit of central excise duty, Value Added
Tax or any other taxes paid on such vehicles
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s30a n d N a r c o t i c s
(NACIN)
Services under reverse charge
mechanism
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s31a n d N a r c o t i c s
(NACIN)
Goods under reverse charge
mechanism
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s32a n d N a r c o t i c s
(NACIN)
Any ISSUES/ queries?
• https://cbec-gst.gov.in/
• CBEC MITRA HELPDESK
• 1800 1200 232
• cbecmitra.helpdesk@icegate.gov.in
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s33a n d N a r c o t i c s
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Any ISSUES/ queries?
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N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s34a n d N a r c o t i c s
(NACIN)
THANK YOU
N a t i o n a l A c a d e m y o f C u s t o m s , I n d i r e c t Ta x e s35a n d N a r c o t i c s
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