GST

Practical Guide

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Practical Guide – GST


Seed is not an Agricultural Produce, Not Eligible for Exemption

Seed is not an Agricultural Produce: The appellant is registered under GST having GSTIN number 36 AAACG3220D1ZB. M/s Narsimha Reddy & Sons are primarily engaged in production and processing of agricultural seeds. In the process of production, the applicant outsources certain services such as cleaning, drying, grading and […]

GST Portal services will be unavailable until 15th Nov 2022

GST Portal services will be unavailable: GST Return due dates are approaching but as per the latest running notification on the GST Portal that “GST Portal Services will be unavailable until 15th November 2022. Important fling dates on GST portal GSTR-3B (Oct, 2022)(Turnover Exceeding 5 Cr or opted […]

GSTN Advisory on sequential filing of GSTR-1

GSTN Advisory on sequential filing of GSTR-1: Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal. The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 […]

CBIC Clarifications regarding applicable GST rates & exemptions on certain services–reg

CBIC Clarifications regarding applicable GST rates: The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification regarding applicable GST rates and exemptions on certain services, on the basis of representations received from various stakeholders. The issues have been examined by GST Council in the 47th meeting […]

GSTN Advisory on Single Click NIL filing of GSTR-1

GSTN Advisory on Single Click NIL filing of GSTR-1: The Goods and Services Tax Network (GSTN) has issued advisory on single click NIL filing of GSTR -1. It has been constant endeavor to improve the user experience and performance of GSTR-1/IFF filing and hence significant improvements in Summary […]

GSTN Issued Advisory on GSTR-3B on Upcoming Changes

GSTN Advisory: The Goods and Service Tax Network (GSTN) Issued advisory on the Upcoming changes in GSTR – 3B. The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B requiring taxpayers to report information on […]

FAQs on GST applicability on ‘pre-packaged and labelled’ goods

FAQs on GST applicability: The 47th GST Council Meeting brought some changes that might affect the consumer buying habits. See the detailed FAQs regarding GST applicability on pre-packaged and labelled goods. The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its […]

Important Decisions of 47th GST Council Meeting

Decisions of 47th GST Council Meeting: The 47th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here in Chandigarh today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary besides Finance Ministers of […]

 What is Form GSTR-2B?

Before taking Input Tax Credit (ITC) in GST you should know about GSTR -2B. Here we will learn about GSTR-2B. What is Form GSTR-2B? It is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his/her suppliers in their […]

Taxpayers are advised not to avail ITC on same invoice twice – GSTN

GSTN issued advisory to the Taxpayers are advised not to avail ITC on same invoice twice. On the GSTN website there is advisory that:- “Few taxpayers (recipients of supply) have reported that they have observed same invoice twice in GSTR 2B i.e. April and May,2022. Taxpayers are advised […]

Stipend paid to trainee Subject to GST: Karnataka AAR

Stipend paid to trainee subject to GST In the case of Teamlease Education Foundation, Karnataka Authority for advance ruling has ruled that Stipend paid to trainee subject to GST. The applicant is of the view that the reimbursement received towards stipend and cost of medical and accident insurance […]

GSTN Advisory Auto-population of e-invoice details into GSTR-1

GSTN Advisory Auto-population of e-invoice details into GSTR-1 The Goods and Service Tax Networks (GSTN) has issued an advisory regarding the Auto-population of e-invoice details into GSTR-1. GSTN Advisory Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required […]

GST Refund Help Desk in the office of Pr. CCA, CBIC

GST Refund Help Desk in the office of Pr. CCA, CBIC The new update on GST portal regarding setup of GST Refund Help Desk in the office of Pr. CCA, CBIC. 17/02/2022 1. The office of Pr. CCA, CBIC has setup a ‘GST Refund Help Desk’ for addressing […]

GST E-INVOICE DOWNTIME: ATTENTION USERS

GST E-INVOICE DOWNTIME This is to inform to all the e-Invoice users that downtime of all the e-Invoice (for all modes – Web, API, Bulk, Mobile & SMS) and E Way Bill operations is scheduled between, 8:00 PM and 10:00 PM on 12th February 2022and07:00 PM and 09:00 […]

Highlights of Budget 2022-23 – Direct and Indirect Tax

Highlights of Budget 2022-23 – Direct and Indirect Tax The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all-inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights […]

Interest calculator in GSTR-3B is now live on the GST Poral

Interest calculator in GSTR-3B is now live on the GST Poral Interest Calculator in GSTR-3B is the new functionality deployed on the GST portal. This functionality has a user-friendly interface, which informs the taxpayers regarding the manner of system computation of interest values for each tax-head. This functionality […]

e-way bill in GST- Use of e-Way Bill

For quick and easy movement of goods across India without any hindrance, all the check posts across the country are abolished. The GST system provides a provision of e-Way Bill, a document to be carried by the person in charge of conveyance, generated electronically from the common portal. […]

GSTN: ADVISORY ON INTEREST CALCULATOR IN GSTR-3B

The Team GSTN issued an advisory on the interest calculator in GSTR-3B. 1. To begin with, understanding the new facility, an illustrative example is being provided, showing sample data for a taxpayer, and how the details have to be entered in a GSTR-3B, and how the interest for […]

Here you will find the practical aspects of GST. Like GST Acts- CGST, SGST, IGST, UTGST, Circulars, Notifications, GST Advance Ruling.

Article 368 has been amended to include Article 279A also within its purview. Consequently, at least two-thirds of the majority in each House of the Parliament and ratification by at least half of the States is specifically required to make any amendment in Article 279A relating to GST Council.

Goods and services tax means any tax on supply of goods, or services or both except taxes on the supply of the alcoholic liquor for human consumption. Consequently, GST can be levied on supply of all goods and services except alcoholic liquor for human consumption.

Practical Guide – GST

Further, clause (3) of Article 286 which stipulates that any law of a State shall, in so far as it imposes, or authorises the imposition, of a tax on the sale or purchase of goods declared by Parliament by law to be of special importance in inter-State trade or commerce, be subjected to such restrictions and conditions in regard to the system of levy, rates and other incidents of the tax, as Parliament may, by law, specify, has been omitted.

The Members of the GST Council referred to clause (c) above shall, as soon as may be, choose one amongst themselves to be the Vice Chairperson of the Council for such period as they may decide.

GST is a destination based tax applicable on all transactions involving supply of goods or services or both for a consideration subject to exceptions thereof. GST in India comprises of Central Goods and Services Tax (CGST) – levied and collected by Central Government, State Goods and Services Tax (SGST) – levied and collected by State Governments/Union Territories with Legislatures and Union Territory Goods and Services Tax (UTGST) – levied and collected by Union Territories without Legislatures, on intra-State supplies of taxable goods and/or services. As a general rule, where the location of the supplier and the place of supply of goods or services are in the same State/Union territory,
it is treated as intra-State supply of goods or services respectively.

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