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GST News and Announcements

GST refund filing and claims process
GST Refund
CA. Kapil Mittal

Updated GST refund filing and claims process

Introduction In order to facilitate a smooth flow of GST refund filing and claims process, the Central Board of Indirect Taxes and Customs (‘CBIC’) has strived to implement a hassle-free refund process at every stage. In line with this objective, the GST Council, in its 31st meeting held on 22 December 2018 has rationalised and introduced several taxpayer friendly measures in the GST refund filing and claims process. In addition, several clarifications on procedural aspects of refund claims, jurisdiction, inverted duty structure, compensation claims, Input Tax Credits etc. have been issued which would bring in practical clarity on the process

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Formats for filing Annual Returns revised GSTR-9 and GSTR-9C
GST Returns
CA. Sachin Jindal

Formats for filing Annual Returns revised GSTR-9 and GSTR-9C

[toc] 1. Formats for filing Annual Returns revised Revised Formats for filing Annual Return in Form GSTR – 9, Form GSTR – 9A, Form GSTR – 9C have been notified. The summary of changes made in GSTR – 9 is given below: 2. Details of outward and inward supplies liable to RCM made during the FY (Part – II) to be prepared based on GSTR – 3B There was a lack of clarity as to whether GSTR-9 has to be prepared on the basis of GSTR-1 or GSTR-3B. It has now been clarified that all the outward supplies for which

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Amendments to the CGST Rules (1)
GST Notification
CA. Kapil Mittal

Amendments to the CGST Rules

1. Introduction The Goods and Services Tax (‘GST’) Council in its 31st Meeting held on 22 December 2018 has made several taxpayer-friendly decisions. The GST Council has tried to address some of the difficulties faced by taxpayers by making clarificatory amendments to the CGST Rules in response to the representations received from various stakeholders. In order to give effect to the decisions of the GST Council, the Central Board of Indirect Taxes and Customs has issued Notification No. 74/2018 – Central Tax on 31 December 2018 in relation to various amendments pertaining to CGST Rules, 2017 (Link: ) The summary

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GST on various programmes being conducted by the IIMs
GST Circulars
CA. Sachin Jindal

GST on various programmes being conducted by the IIMs

[toc] Introduction With the enactment of the Indian Institutes of Management Act, 2017, GST implication on the IIMs has undergone various changes and the same has been clarified by the board vide circular no. 82/01/2019-GST dated 1st January, 2019. Phase-wise taxability of IIMs, as clarified by the board, under GST is being summarized in the current article with respect to  various programs by IIM . Period 1ST July, 2017 Till 30th January, 2018 IIMs is eligible for exemption available at sr. no. 67 to notification no. 12/2017 – Central Tax (Rate) dated 28th June, 2017. As per above serial no.

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GST on Asian Development Banks and International Finance Corporation
GST Circulars
CA. Kapil Mittal

GST on Asian Development Banks and International Finance Corporation

Introduction GST position of both the Asian Development Banks and the International Finance Corporation has been clarified by the board vide circular no. 83/02/2019-GST dated 1st January, 2019. 1. GST on Asian Development Banks (ADB) The Asian Development Banks Act, 1966 specifically provides that notwithstanding anything to the contrary contained in any other law, the Bank, its assets, properties, income and its operations and transactions shall be exempt from all the taxation and from all the customs duties. Further, the Act also exempts the Bank from any obligation for payment, withholding or collection of any tax or duty. Clarification by

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GST on service of printing of pictures
GST Circulars
CA. Sachin Jindal

GST on service of printing of pictures

Introduction GST on Service of Printing of pictures is being classified under service code 998912, however, the correct classification is service code 998386 and the same is clarified by the board vide circular no. 84/03/2019-GST dated 1st January, 2019 which is being explained in the present article. Circular no. 84/03/2019-GST dated 1st January, 2019 clarifies that the service of ‘printing of pictures’ attracts GST @ 18% (9% CGST and 9% SGST) and are classifiable under service code 998386. 1. Trade practice being followed in respect of classification of ‘printing of pictures” The service of ‘printing of pictures’ is being classified

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Supply of Food and Beverage service by the Educational Institution
GST Circulars
CA. Kapil Mittal

GST rate on Supply of Food and Beverage service by the Educational Institution

Introduction Due to the two conflicting notifications, doubt was raised with regard to the GST on Supply of Food & Beverage service by the Educational Institution to its students and the same is clarified in the current circular. The outcome of entire clarification is tabulated here under for easy understanding Case GST Applicability Foods and beverages supplied by an educational institution to its students, faculty and staff Exempt under GST vide sr. no. 66 of notification no. 12/2017- Central Tax (Rate) dated 28th June, 2017 Food and beverages supplied by any person other than educational institution based on a contractual

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