GST-Notification No.27/2017–Central Tax

138.Information to be furnished prior to commencement of movement of goods and generation of e-way bill.

(1) Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees

for further details visit

GST - Notifications - 19, 20, 21, 22, 23

19/2017-Central Tax (Rate) ,dt. 18-08-2017

 20/2017-Central Tax (Rate) ,dt. 22-08-2017

21/2017-Central Tax (Rate) ,dt. 22-08-2017

22/2017-Central Tax (Rate) ,dt. 22-08-2017

23/2017-Central Tax (Rate) ,dt. 22-08-2017

 

GST AND FILING OF RETURN FOR JULY EXTENDED

ON LAST DATE FOR PAYMENT OF GST AND FILING OF RETURN FOR JULY 2017 EXTENDED BY 5 DAYS

 

FOR FURTHER DETAILS VISIT : GST

GST RETURN TIME TABLE

 GSTR-1 - JULY and AUGUEST - Vist 

GSTR - 2 - JULY and AUGUEST - Vist

GSTR - 3 - JULY and AUGUEST - Vist


GSTR - 3B - JULY and AUGUEST - Vist

Extension of time limit for filing intimation for composition levy

Extension of time limit for filing intimation for composition levy under

sub-rule (1) ofrule 3 of the CGST Rules, 2017

for further details Visit :  

Existing Taxpayers of VAT, Service Tax, Central Excise

Existing Taxpayers of VAT, Service Tax, Central Excise

DO NOT WORRY

• If you have not enrolled for GST yet, or
• If you have activated your account under enrolment but not submitted the application

ENROLMENT WINDOW WILL REOPEN ON 25th JUNE 2017 AND CONTINUE FOR 3 MONTHS AS PER RULE.

Also note that your provisional ID will be your GST Identification Number (GSTIN).

The way forward:

1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN):

• You should be able to download the Provisional Registration Certificate from "Download Certificates" at GST website from 27th June 2017.

2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with DSC, E-Sign or EVC:

• You will receive the ARN at your registered email ID, if the data given are successfully validated after 27th June 2017.
• In case of validation failure (data like PAN not matching), you should be able to login at the same portal from 27th June 2017 onwards and correct the errors. You can refer the registered email for details of the errors.

3. If you are a Taxpayer, who has partially completed the enrolment form:

• You can login at the portal on the above mentioned date and complete the rest of the form.

4. If you are not an existing Taxpayer and wish to register newly under GST

• You would be able to apply for new registration at the GST portal from 25th June 2017.

We look forward to your support in transitioning into this historic taxation system.

GST - FAQ - Tamil

GOODS AND SERVICE TAX - FAQ

PLEASE VISIT : GST-FAQ-TAMIL
             GST-FAQ-MALAYALAM

GST Rates -

GST RATES OF SERVICES

 GST RATES OF GOODS

Annual Return Dealers

TNVAT ACT 2006, - Annual Return Dealers - Last date for filing of Annual Return for
 the year 2016-17 is 31/05/2017

FOR FURTHER DETAILS : https://ctd.tn.gov.in/home

Council approves the (CGST) Bill and (IGST) Bill

Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill.

The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill as vetted by the Union Law Ministry. This clears the deck for the Central Government to take these two Bills to the Parliament for their passage in the ongoing Budget Session.

Some of the main features of the two Bills, as finalized by the GST Council, are as follows:

i. A State-wise single registration for a taxpayer forfiling returns, paying taxes,and to fulfil other compliance requirements. Most of the compliance requirements would be fulfilled online, thus leaving very little room for physical interface between the taxpayer and the tax official.

ii. A taxpayer has to file one single return state-wise to report all his supplies, whether made within or outside the State or exported out of the country and pay the applicable taxes on them. Such taxescan be Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST) and Integrated Goods and Services Tax (IGST).

iii. A business entity with an annual turnover of upto Rs. 20 lakhs would not be required to take registration in the GST regime, unless he voluntarily chooses to do so to be a part of the input tax credit (ITC) chain. The annual turnover threshold in the Special Category States (as enumerated in Article 279A of the Constitution such as Arunachal Pradesh, Sikkim, Uttarakhand, Himachal Pradesh, Assam and the other States of the North-East) for not taking registration is Rs. 10 lakhs.

iv. A business entity with turnover upto Rs. 50 lakhs can avail the benefit of a composition scheme under which it has to pay a much lower rate of tax and has to fulfil very minimal compliance requirements. The Composition Scheme is available for all traders, select manufacturing sectors and for restaurants in the services sector.

v. In order to prevent cascading of taxes, ITC would be admissible on all goods and services used in the course or furtherance of business, except on a few items listed in the Law.

vi. In order to ensure that ITC can be used seamlessly for payment of taxes under the Central and the State Law, it has been provided that the ITC entitlement arising out of taxes paid under the Central Law can be cross-utilised for payment of taxes under the laws of the States or Union Territories. For example, a taxpayer can use the ITC accruing to him due to payment of IGST to discharge his tax liability of CGST / SGST / UTGST. Conversely, a taxpayer can use the ITC accruing to him on account of payment of CGST / SGST / UTGST, for payment of IGST. Such payments are to be made in a pre-defined order.

vii. In the Services sector, the existing mechanism of Input Service Distributor (ISD) under the Service Tax law has been retained to allow the flow of ITC in respect of input serviceswithin a legal entity.

viii. To prevent lock-in of capital of exporters, a provision has been made to refund, within seven days of filing the application for refund by an exporter, ninety percent of the claimed amount on a provisional basis.

ix. In order to ensure a single administrative interface for taxpayers, a provision has been made to authorise officers of the tax administrations of the Centre and the States to exercise the powers conferred under all Acts.

x. An agriculturist, to the extent of supply of produce out of cultivation of land, would not be liable to take registration in the GST regime.

xi. To provide certainty in tax matters, a provision has been made for an Advance Ruling Authority.

xii. Exhaustive provisions for Appellate mechansim have been made.

xiii. Detailed transitional provisions have been provided to ensure migration of existing taxpayers and seamless transfer of unutilised ITC in the GST regime.

xiv. An anti-profiteering provision has been incorporated to ensure that the reduction of tax incidence is passed on to the consumers.

xv. In order to mitigate any financial hardship being suffered by a taxpayer, Commissioner has been empowered to allow payment of taxes in instalments.

The remaining two Bills namely, State Goods and Services Tax (SGST) Bill and the Union territory Goods and Services Tax (UTGST) Bill, which would be almost a replica of the CGST Act, would be taken-up for approval after their legal vetting in the next meeting of GST Council scheduled on 16 March 2017.

Source-Press Information Bureau, Government of India, Ministry of Finance, 04-March-2017