Andhra Pradesh City wise GST Jurisdictions
AMEND/MODIFY GST REGISTRATION
Application for Amendment in Registration Particulars (for both core and non-core) service is available on the portal now. Taxpayers who wish to change their particulars may do so now.
In core fields approval of Tax official is must.
In Non core fields no approval is required and any taxpayer can edit it.
in core we can change these following feilds
There is also some unchangeable fields like PAN , Place of business from one state to another.
HOW I APPLY FOR CHANGE IN CORE FIELDS OF THE REGISTRATION APPLICATIONS THAT WERE SUBMITTED DURING REGISTRATION?
Amendment to These fields require approval by the Tax Officials. These fields include the following:
Addition or deletion of Partners/ Directors / Board of Trustees/ Chief Executive officer or equivalent etc.
To amend the information provided in the core fields during registration, you need to follow this simple steps:
As per requirement, Taxpayer can amend information in the editable fields in the tabs as mentioned below:
BUSINESS DETAILS TAB:
The Business Details tab is selected by default.
PRINCIPAL PLACE OF BUSINESS TAB:
The form is displayed for editing. Edit the desired fields.
ADDITIONAL PLACE OF BUSINESS TAB:
The form is available for editing. Edit the desired details.
Note: You can click the EDIT and DELETE button to edit or delete the additional place of business
PROMOTER / PARTNERS TAB:
In the Verification tab, select the Verification checkbox.
In the Name of Authorized Signatory drop-down list, select the authorized signatory.
In the Place field, enter the name of the place.
After filling the application for Amendment of Registration, you need to digitally sign the application using Digital Signature Certificate (DSC)/ E-Signature or EVC.
Once digitally signed application for amendment of registration is filed, the successful messeage shows submission of application is displayed. You will receive the acknowledgement in next 15 minutes on registered e-mail address and mobile phone number. SMS and email will be sent to the primary authorized signatory intimating ARN and successful filing of the Form.
Note: Amendment to Core fields require approval by the Tax Official. Once the amendment application is approved or rejected, you will receive a notification through SMS and e-mail message.
To Download Circular : Click Here
F. No: 466/32/2015 – Cus V
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
New Delhi Dated, the 26th September 2017
All Principal Chief Commissioners of Customs
All Chief Commissioners of Customs
All Principal Commissioners of Customs
All Commissioner of Customs
Sub:- Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT) dated 26.9.17
The valuation of imported and export goods is governed by the provisions of Section 14 of the Customs Act, 1962 and the rules made thereunder. The Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 (CVR) contain the detailed provisions for arriving at the transaction value of the imported goods, on which the customs duty is levied.
2. A need had arisen to examine certain provisions of the CVR in light of Supreme Court’s ruling in the case of M/s Wipro Ltd. Vs. Assistant Collector of Customs – 2015 (319) ELT 177 – S.C dated 16/04/2015
2.1 After examination and public consultations, the Government has amended the CVR vide Notification 91/2017 Customs (N.T) dated 26th September, 2017, as explained below:
Definition of the term ‘place of importation’
3. The term “place of importation” has been used in the CVR; however, the term was not defined. To bring in clarity, the “place of importation” has been defined as:“Place of Importation” means the customs station where the goods are brought for being cleared for home consumption or for being removed for deposit in a warehouse”
3.1 In view of the above definition, the transaction value of the imported goods in terms of section 14 of the Customs Act, 1962 would include the costs incurred up to the place of importation, as defined above.
Treatment of the loading, unloading and handling charges
4. The Hon’ble Supreme Court had ruled in the case of M/s Wipro Ltd. Vs Assistant Collector of Customs-2015 (319) ELT 177 (S.C.) dated 16/04/2015 that the landing charges to be added to the value of goods, should be based on actual charges incurred, and not a notional charge of 1% as has been provided in the Rules.
4.1 By virtue of the amendment now carried out to the CVR, 2007, the loading, unloading and handling charges associated with the delivery of the imported goods at the place of importation, shall no longer be added to the CIF value of the goods.
4.2 The phrase “loading, unloading and handling charges” appearing in the amended Rule 10 (2) (a) is to be understood in context of Article 8(2) of the WTO Agreement which reads as “the cost of transport of the imported goods tothe port or place of importation”. Thus, only charges incurred for delivery of goods “to” the place of importation (such as the loading and handling charges incurred at the load port) shall now be includible in the transaction value.
Computation of freight and insurance
5. Now, the 2nd and 4th provisos to Rule 10 (2) impart more clarity in computation of transport and insurance charges, when actuals of each individual element are not known, but the cumulative value of FOB and freight, or, FOB and insurance charges are known.
Treatment of transshipment costs
6. In the erstwhile 4th proviso to Rule 10 (2), while the transshipment charges with respect to a container being moved from port to an ICD and CFS were excluded from the transaction value of the goods, there was no mention of a similar treatment to transshipment of goods by sea or air. Now, by virtue of the 6th proviso to Rule 10 (2), costs related to transshipment of goods (from ports to ICDs; port to port, port to CFS, Airport to Airport etc.) within India will be excluded, providing uniform treatment to different modes of transshipment.
7. Difficulties, if any, faced in the implementation of this circular may be brought to the notice of the Board.
8. Hindi version follows.
Commissioner (Cus & EP)
Prime Minister Narendra Modi asked the country’s top bureaucrats on Wednesday to “handhold” traders in a bid to resolve their problems relating to the goods and services tax (GST).Chairing the monthly interaction with officials, known as Pragati, Modi said chief secretaries should use the district administration to enable small traders to access and adopt the new system.”The Prime Minister said while traders across the country are positive and are accepting this new taxation arrangement, they need handholding so that their problems can be resolved,” an official statement said.
The PM reiterated that small businesses must register with the GST Network to take advantage of business opportunities.He said the common man and the trader must benefit from this path-breaking decision. The government is under attack from businesses over the rollout of GST, with several small traders finding the compliance requirement cumbersome.
What has complicated matters is that the IT backbone, GST Network, is facing trouble, with the portal crashing close to the return-filing deadline. Modi has instructed his team to work out an easier filing mechanism for small businesses whose annual turnover is less than the Rs 20-lakh threshold, but that will take some time.The difficulty in compliance is seen to be one of the reasons for the 3.6% decline in GST collections during August, which were estimated at a little over Rs 90,000 crore compared to more than Rs 94,000 crore in July. Several traders and businesses are yet to file their returns, which are still trickling in.
While reviewing projects, Modi also said while many central government departments are now using Government e-Marketplace (GeM), only 10 states have so far shown keenness in using it.
“The PM said that GeM increases the pace of procurement and boosts transparency, besides supporting enterprise at the local level. He urged all chief secretaries to explore its use to the extent possible, to minimise leakages and delays,” the PMO said.
Finance Minister Arun Jaitley will meet industry representatives, including exporters today, to deliberate upon the problems being faced by them with regard to the Goods and Services Tax (GST), industry sources said yesterday.According to sources, industry representatives would raise issues such as input tax credit and also timely refund of duties paid by exporters.
Representatives who would attend the meeting include Ficci, CII, Federation of Indian Export Oragnisations (FIEO) and FISME. FIEO has time and again raised issues related to blockage of working capital and timely refunds of GST. They have also asked that export benefit scrips should be allowed to pay IGST.The countrys exports recorded a double digit growth of 10.29 per cent after a gap of three months to USD 23.81 billion in August, mainly on account of rise in shipments of chemicals, petroleum and engineering products.
India Ratings and Research (Ind-Ra) an arm of global rating agency Fitch has cut India’s gross domestic product (GDP) growth forecast to 6.7% from earlier expected 7.4% in the current fiscal citing the disruptive impact of demonetisation and the new goods and services tax (GST) which will be slower than the 7.1% growth reported in fiscal 2017.
“Sucking out the high denomination currency while failing to remonetise the economy quickly has in many cases proved fatal for the unorganised sector/small and medium enterprise where business transactions are heavily cash dependent. As these enterprises have still not been able to recover fully, their pain is finding a reflection in overall economic growth,” Ind-Ra said in the note.
India’s GDP growth has been in a free fall since the first quarter of the last fiscal year. Government statistics show that growth has slumped from 7.9% in the first quarter last year to 7.5% in the second quarter to 7% in the third quarter and further to 6.1% in the fourth quarter before falling to 5.7% in the first quarter of the current fiscal year a three year low.
Ind-Ra said that the poor GDP growth in successive quarters has changed the growth prospects for fiscal 2018. “The combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier. While the introduction of GST cannot be faulted on account of its eventual benefit to the economy, the same cannot be said about the impact of demonetisation.”
On November 8 last year Prime Minister Narendra Modi announced the withdrawal of high denomination Rs 500 and Rs 1000 currency notes with an aim to curb black money, promote digital payments and curb funding to terrorists.
These notes made up 86% of the currency in circulation and their overnight demonetisation created chaos across the country especially because supply of new notes took time.
The government also did not gain much from extinguished liabilities of these currencies as 99% of the demonetised notes were exchanged through banking channels.
Ind-Ra said that though the government has initiated crucial reforms like the insolvency and bankruptcy code, corporate debt restructuring, re-capitalisation of banks, GST, but their impact will be visible only in the medium to long term.
“Overall, the current economic landscape is not very encouraging – i) index of industrial production grew at a dismal 1.2% in July 2017, ii) bank credit is showing no signs of a pick-up, iii) consumer price index based inflation at 3.6% in August 2017 is a five-month high, iv) current account deficit at 2.4% of GDP in 1QFY18 is a four-year high,” Ind-Ra said.
Also with inflation inching up, despite the clamour for further monetary easing, the Reserve Bank of India (RBI) will have less elbow room to reduce policy rate further.
“Moreover, a further reduction in policy rate is unlikely to make much of a difference, particularly on the investment front, given the large idle capacities in several
The space available to the government for an economic packaged is also limited because there is likely to be a shortfall in the budget and expectation of a high dividend from the RBI, money from the telecom auction and disinvestment may not match the budgeted numbers.
“Although Ind-Ra expects the direct tax mop up to exceed the budgeted figure by Rs 20,000 crore and public sector units’ dividend to be higher by Rs 10,000 crore, the revenue shortfall for the government from the budgeted figures works out to be Rs 33,500 crore. If we include Rs 10,000 crore of supplementary budget expenditure passed in the parliament so far, then the shortfall increases to Rs 43,500 crore. This will push the fiscal deficit by 26 basis points of GDP, meaning the fiscal deficit would escalate to 3.46% of GDP in FY18,” Ind-Ra.
The rating agency expects the likely fiscal stimulus by the government to push the fiscal deficit further, forcing the government to invoke the ‘escape clause’ citing ‘far-reaching structural reforms in the economy with unanticipated fiscal implications’.
The Goods and Services Tax (GST) Intelligence unit has slapped a notice on the Employees’ Provident Fund Organisation (EPFO) for defaulting on payment of service tax and has sought to examine the PF department’s records till 2016-17.The EPFO, however, told Revenue authorities that the PF office was exempted from paying service tax from April 2016 and hence, its services were exempt from any levy under the new indirect tax system. On July 25, the Directorate General of GST Intelligence wrote to the EPFO headquarters informing about a probe into non-payment of service tax between July 2012 and March 2016.
It had sought for overall records of all its regional and zonal offices and issued separate notices to EPFO’s different offices. “EPFO has been granted exemption from the levy of service tax…with effect from 1 April 2016. Therefore, requisition of records up to 31 March 2017 may not be justified,” the EPFO wrote in a missive to the GST Intelligence unit on September 14.
“Similarly, the exemption has continued under GST Act, by placing EPFO in the negative list,” it added.
In its letter, it further challenged the demand for levy of service tax on statutory administration charges and interest charged by EPFO. The EPFO cited an order dated April 13 from the Customs, Excise and Service Tax Appellate Tribunal which said that it was not liable to pay service tax on the statutory activities performed under the Employees’ Provident Fund and Miscellaneous Provisions Act 1952.EPFO and ESIC [Employees’ State Insurance Corporation] are two important organs of the State providing social security to the working class of the country under the Ministry of Labour and Employment.
As the service tax exemption came into effect from April 2016, the Labour and Employment Ministry, which has administrative charge of the EPFO, earlier this year asked the Finance Ministry to extend the relaxation retrospectively. The ministry had argued that the EPF was a social security scheme and did not come in the category of ‘banking and financial services.’“ESIC has been granted exemption for the past period by granting exemption from retrospective effect. EPFO has also taken up the matter with Ministry of Finance on the similar lines through Ministry of Labour and Employment, which is under consideration,” the EPFO stated.