CGST Rules updated as on 18th October, 2017

To Download the Updated CGST Rules  : Click Here

Central Goods and Services Tax (CGST) Rules,
2017

Notified vide Notification No. 3 /2017-Central Tax (Dated 19th June 2017) and further as amended by Notification No. 7/2017-Central Tax (Dated 27th June 2017), Notification No. 10/2017-Central Tax (Dated 28th June 2017), Notification No. 15/2017-Central Tax (Dated 1st July 2017), Notification No. 17/2017-Central Tax (Dated 27th July 2017), Notification No. 22/2017-Central Tax (Dated 17th August 2017), Notification No. 27/2017-Central Tax (Dated 30th August 2017), Notification No. 34/2017-Central Tax (Dated 15th September 2017), Notification No. 36/2017-Central Tax (Dated 29th September 2017), Notification No. 45/2017-Central Tax (Dated 13th October 2017) and Notification No. 47/2017-Central Tax (Dated  8th October, 2017)


(As on 18.10.2017)

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs

CHAPTER I
PRELIMINARY

1. Short title and Commencement.-(1) These rules may be called the Central Goods and Services Tax Rules, 2017.
(2) They shall come into force with effect from 22nd June, 2017.
2. Definitions.– In these rules, unless the context otherwise requires,-

(a) “Act” means the Central Goods and Services Tax Act, 2017 (12 of 2017);
(b) “FORM” means a Form appended to these rules;
(c) “section” means a section of the Act;
(d) “Special Economic Zone” shall have the same meaning as assigned to it in
clause (za) of section 2 of the Special Economic Zones Act, 2005 (28 of
2005);
(e) words and expressions used herein but not defined and defined in the Act
shall have the meanings respectively assigned to them in the Act.

 

Updated CGST Rules in PDF : Click Here

Download Copy of GST TRAN-1 Format

 

GST TRANSISTION FORMATS


To Download GST TRAN-1 Format  : Click Here


 

Form GST TRAN – 1

(See Rule —–)

Transitional ITC / Stock Statement

  1. GSTIN
  2. Legal name of the registered person –
  3. Trade Name, if any –
  4. Whether all the returns required under existing law for the period of six months immediately preceding the appointed date have been furnished:-Yes/No
  5. Amount of tax credit carried forward in the return filed under existing laws:
  • Amount of Cenvat credit carried forward to electronic credit ledger as central tax (Section 140(1) and Section 140(4)(a))
Sl. no. Registration no. Tax period to which Date of filing Balance cenvat credit Cenvat Credit admissible
under existing the last return filed of the return carried forward in the said as ITC of central tax in
law (Central under the existing law specified in last return accordance with transitional
Excise and pertains Column no. 3 provisions
Service Tax)
1 2 3 4 5 6
Total

 

  • Details of statutory forms received for which credit is being carried forward

Period: 1st Apr 2015 to 30th June 2017

TIN of Issuer Name of Issuer Sr. No. of Form Amount Applicable VAT
Rate
C-Form
Total
F-Form
Total
H/I-Form
Total

 

  • Amount of tax credit carried forward to electronic credit ledger as State/UT Tax(For all registrations on the same PAN and in the same State)
Balance of C Forms F Forms H/I Forms
ITC of VAT Difference Turnover
Registration and [Entry Turnover for tax Turnover for ITC reversal for which Transition
No. in Tax] in last which forms payable which forms Tax payable relatable to forms Tax payable ITC 2-
existing law return Pending on (3) Pending on (5) [(3) and] (5) Pending on (7) (4+6-7+9)
1 2 3 4 5 6 7 8 9 10

 

  1. Details of capitals goods for which unavailed credit has not been carried forward under existing law (section140 (2)).

 

  • Amount of unavailed cenvat credit in respect of capital goods carried forward to electronic credit ledger as central tax

 

Sr. Invoice   / Invoice / Supplier’s Recipients’ Details of capital Total eligible Total cenvat Total cenvat
no Document document registration no. registration no. goods on which credit cenvat credit credit availed credit unavailed
no. Date under existing under existing has been partially under existing under existing under existing law
law law availed law law (admissible as
Value Duties and ITC of central tax)
taxes paid (9-10)
ED/ SAD
CVD
1 2 3 4 5 6 7 8 9 10 11
Total

 

  • Amount of unavailed input tax credit carried forward to electronic credit ledger as State/UT tax (For all registrations on the same PAN and in the same State)
Sr. Invoic Invoice Supplier’s Recipients’ Details regarding capital Total eligible Total VAT [and Total VAT [and ET]
no e / / registration registration no. goods on which credit is VAT [and ET] ET] credit availed credit unavailed under
Docu docume no. under existing not availed credit under under existing law existing law
ment nt under law Value Taxes paid existing (admissible as ITC of
no. Date existing VAT [and ET] law State/UT tax) (8-9)
law
1 2 3 4 5 6 7 8 9 10
Total

 

 

  1. Details of the inputs held in stock in terms of sections 140(3), 140(4)(b) and 140(6).

 

  • Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a) and 7(a)
Sr. no. Details of inputs held in stock or inputs contained in semi-finished or finished goods held in stock
HSN (at 6 digit level) Unit Qty. Value Eligible Duties paid on such inputs
1 2 3 4 5 6

7A Where duty paid invoices or any other document are available

Inputs

Inputs contained in semi-finished and finished goods

7B Where duty paid invoices are not available (Applicable only for person other than manufacturer or service provider) – Credit in terms of Rule 1 (4)

Inputs

  • Amount of vat and entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST
Details of inputs in stock Total input tax Total  input tax credit Total Input tax credit
Description Unit Qty Value VAT [and Entry Tax] paid credit claimed related to exempt sales not admissible as
under earlier law claimed under earlier law SGST/UTGST
1 2 3 4 5 6 7 8
Inputs

 

Inputs contained in semi-finished and finished goods

  • Stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 1 (4)) (To be there only in States having VAT at single point)

Details of inputs in stock

Description Unit Qty Value Tax paid
1 2 3 4 5

 

 

  1. Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))
Sl. No. Registration no. Tax period to Date of filing Balance eligible GSTIN of receivers Distribution docume ITC of
under existing which the last of the return cenvat credit (same PAN) of  ITC /invoice CENTRAL TAX
law return filed under specified in carried forward CENTRAL TAX transferred
No. Date
(Centralized) the existing law Column no. 3 in the said last
pertains return
1 2 3 4 5 6 7 8 9
Total

 

  1. Details of goods sent to job-worker and held in his stock on behalf of principal under section 141

 

  1. Details of goods sent as principal to the job worker under section 141
Sr. Challan Challan Type of goods Details of goods with job- worker
No. No. date (inputs/ semi-finished/
finished) HSN Description Unit Quantity Value
1 2 3 4 7 8 9 10 11
GSTIN of Job Worker, if availabl
Total

 

  1. Details of goods held in stock as job worker on behalf of the principal under section 141
Sr. No. Challan Challan Type of goods Details of goods with job- worker
No. Date (inputs/ semi-finished/
finished) HSN Description Unit Quantity Value
1 2 3 4 7 8 9 10 11
GSTIN of Manufacturer
Total

 

  1. Details of goods held in stock as agent on behalf of the principal under section 142 (14) of the SGST Act
  2. Details of goods held as agent on behalf of the principal
Sr. GSTIN of Principal Details of goods with Agent
No.
Description Unit Quantity Value Input Tax to be take
1 2 3 4 5 6

 

 

  1. Details of goods held by the agent
Sr. GSTIN of Principal Details of goods with Agent
No.
Description Unit Quantity Value Input Tax to be take
1 2 3 4 5 6

 

  1. Details of credit availed in terms of Section 142 (11 (c ))
Sr. no Registration No of Service Tax Invoice/doc Invoice/ Tax Paid VAT paid Taken as SGST Credit
VAT Registration No. ument no. document date or Service Tax paid as Central Tax
Credit
1 2 3 4 5 6 7
Total

 

  1. Details of goods sent on approval basis six months prior to the appointed day (section 142(12))
Sr Document Document GSTIN no. of Name & Details of goods sent on approval basis
No. no. date recipient, (if address of
HSN Description Unit Quantity Value
applicable) recipient
1 2 3 4 5 6 7 8 9 10
Total

Verification (by authorized signatory)

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom

Place

Signature

Name of Authorized Signatory ….……………………

Date

Designation /Status……………………………………

 

Form GST TRAN – 2

(See Rule —–)

  1. GSTIN –
  2. Name of Taxable person –
  3. Tax Period: month……. year………

 

  1. Details of inputs held on stock on appointment date in respect of which he is not in possession of any invoice/document evidencing payment of tax carried forward to Electronic Credit ledger.

 

Opening stock for the tax period Outward supply made Closing balance
HSN (at 6 digit Unit Qty. Qty Value Central Integrated ITC Qty
level) Tax Tax allowed
1 2 3 4 5 6 7 8 9

 

  1. Credit on State Tax on the stock mentioned in 4 above (To be there only in States having VAT at single point)
Opening stock for the tax period Outward supply made Closing balance
HSN (at 6 digit Unit Qty. Qty Value State ITC Qty
level) Tax allowed
1 2 3 4 5 6 8 9

Verification (by authorized signatory)

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom

Place

Signature

Name of Authorized Signatory ….……………………

Date
Designation /Status……………………………………

GOODS AND SERVICES TAX RULES, 2017 TRANSISTION FORMATS


GOODS AND SERVICES TAX RULES, 2017
TRANSISTION FORMATS


To Download full Transition format click here : Transition-Formats

 

GOODS AND SERVICES TAX RULES, 2017

TRANSISTION FORMATS

Form GST TRAN – 1

(See Rule —–)

Transitional ITC / Stock Statement

  1. GSTIN –
  2. Legal name of the registered person –
  3. Trade Name, if any –
  4. Whether all the returns required under existing law for the period of six months immediately preceding the appointed date have been furnished:-Yes/No
  5. Amount of tax credit carried forward in the return filed under existing laws:
  • Amount of Cenvat credit carried forward to electronic credit ledger as central tax (Section 140(1) and Section 140(4)(a))
Sl. no. Registration no. Tax period to which Date of filing Balance cenvat credit Cenvat Credit admissible
under existing the last return filed of the return carried forward in the said as ITC of central tax in
law (Central under the existing law specified in last return accordance with transitional
Excise and pertains Column no. 3 provisions
Service Tax)
1 2 3 4 5 6
Total

 

  • Details of statutory forms received for which credit is being carried forward

Period: 1st Apr 2015 to 30th June 2017

TIN of Issuer Name of Issuer Sr. No. of Form Amount Applicable VAT
Rate
C-Form
Total
F-Form
Total
H/I-Form
Total

 

  • Amount of tax credit carried forward to electronic credit ledger as State/UT Tax(For all registrations on the same PAN and in the same State)
Balance of C Forms F Forms H/I Forms
ITC of VAT Difference Turnover
Registration and [Entry Turnover for tax Turnover for ITC reversal for which Transition
No. in Tax] in last which forms payable which forms Tax payable relatable to forms Tax payable ITC 2-
existing law return Pending on (3) Pending on (5) [(3) and] (5) Pending on (7) (4+6-7+9)
1 2 3 4 5 6 7 8 9 10

 

  1. Details of capitals goods for which unavailed credit has not been carried forward under existing law (section140 (2)).

 

  • Amount of unavailed cenvat credit in respect of capital goods carried forward to electronic credit ledger as central tax

 

Sr. Invoice   / Invoice / Supplier’s Recipients’ Details of capital Total eligible Total cenvat Total cenvat
no Document document registration no. registration no. goods on which credit cenvat credit credit availed credit unavailed
no. Date under existing under existing has been partially under existing under existing under existing law
law law availed law law (admissible as
Value Duties and ITC of central tax)
taxes paid (9-10)
ED/ SAD
CVD
1 2 3 4 5 6 7 8 9 10 11
Total

 

  • Amount of unavailed input tax credit carried forward to electronic credit ledger as State/UT tax (For all registrations on the same PAN and in the same State)
Sr. Invoic Invoice Supplier’s Recipients’ Details regarding capital Total eligible Total VAT [and Total VAT [and ET]
no e / / registration registration no. goods on which credit is VAT [and ET] ET] credit availed credit unavailed under
Docu docume no. under existing not availed credit under under existing law existing law
ment nt under law Value Taxes paid existing (admissible as ITC of
no. Date existing VAT [and ET] law State/UT tax) (8-9)
law
1 2 3 4 5 6 7 8 9 10
Total

 

 

  1. Details of the inputs held in stock in terms of sections 140(3), 140(4)(b) and 140(6).

 

  • Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a) and 7(a)
Sr. no. Details of inputs held in stock or inputs contained in semi-finished or finished goods held in stock
HSN (at 6 digit level) Unit Qty. Value Eligible Duties paid on such inputs
1 2 3 4 5 6

7A Where duty paid invoices or any other document are available

Inputs

Inputs contained in semi-finished and finished goods

7B Where duty paid invoices are not available (Applicable only for person other than manufacturer or service provider) – Credit in terms of Rule 1 (4)

Inputs

  • Amount of vat and entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST
Details of inputs in stock Total input tax Total  input tax credit Total Input tax credit
Description Unit Qty Value VAT [and Entry Tax] paid credit claimed related to exempt sales not admissible as
under earlier law claimed under earlier law SGST/UTGST
1 2 3 4 5 6 7 8
Inputs

 

Inputs contained in semi-finished and finished goods

  • Stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 1 (4)) (To be there only in States having VAT at single point)

Details of inputs in stock

Description Unit Qty Value Tax paid
1 2 3 4 5

 

 

  1. Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))
Sl. No. Registration no. Tax period to Date of filing Balance eligible GSTIN of receivers Distribution docume ITC of
under existing which the last of the return cenvat credit (same PAN) of  ITC /invoice CENTRAL TAX
law return filed under specified in carried forward CENTRAL TAX transferred
No. Date
(Centralized) the existing law Column no. 3 in the said last
pertains return
1 2 3 4 5 6 7 8 9
Total

 

  1. Details of goods sent to job-worker and held in his stock on behalf of principal under section 141

 

  1. Details of goods sent as principal to the job worker under section 141
Sr. Challan Challan Type of goods Details of goods with job- worker
No. No. date (inputs/ semi-finished/
finished) HSN Description Unit Quantity Value
1 2 3 4 7 8 9 10 11
GSTIN of Job Worker, if availabl
Total

 

  1. Details of goods held in stock as job worker on behalf of the principal under section 141
Sr. No. Challan Challan Type of goods Details of goods with job- worker
No. Date (inputs/ semi-finished/
finished) HSN Description Unit Quantity Value
1 2 3 4 7 8 9 10 11
GSTIN of Manufacturer
Total

 

  1. Details of goods held in stock as agent on behalf of the principal under section 142 (14) of the SGST Act
  2. Details of goods held as agent on behalf of the principal
Sr. GSTIN of Principal Details of goods with Agent
No.
Description Unit Quantity Value Input Tax to be take
1 2 3 4 5 6

 

 

  1. Details of goods held by the agent
Sr. GSTIN of Principal Details of goods with Agent
No.
Description Unit Quantity Value Input Tax to be take
1 2 3 4 5 6

 

  1. Details of credit availed in terms of Section 142 (11 (c ))
Sr. no Registration No of Service Tax Invoice/doc Invoice/ Tax Paid VAT paid Taken as SGST Credit
VAT Registration No. ument no. document date or Service Tax paid as Central Tax
Credit
1 2 3 4 5 6 7
Total

 

  1. Details of goods sent on approval basis six months prior to the appointed day (section 142(12))
Sr Document Document GSTIN no. of Name & Details of goods sent on approval basis
No. no. date recipient, (if address of
HSN Description Unit Quantity Value
applicable) recipient
1 2 3 4 5 6 7 8 9 10
Total

Verification (by authorized signatory)

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom

Place

Signature

Name of Authorized Signatory ….……………………

Date

Designation /Status……………………………………

 

Form GST TRAN – 2

(See Rule —–)

  1. GSTIN –
  2. Name of Taxable person –
  3. Tax Period: month……. year………

 

  1. Details of inputs held on stock on appointment date in respect of which he is not in possession of any invoice/document evidencing payment of tax carried forward to Electronic Credit ledger.

 

Opening stock for the tax period Outward supply made Closing balance
HSN (at 6 digit Unit Qty. Qty Value Central Integrated ITC Qty
level) Tax Tax allowed
1 2 3 4 5 6 7 8 9

 

  1. Credit on State Tax on the stock mentioned in 4 above (To be there only in States having VAT at single point)
Opening stock for the tax period Outward supply made Closing balance
HSN (at 6 digit Unit Qty. Qty Value State ITC Qty
level) Tax allowed
1 2 3 4 5 6 8 9

Verification (by authorized signatory)

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom

Place

Signature

Name of Authorized Signatory ….……………………

Date
Designation /Status……………………………………

Download GSTR-1 Utility (Form GSTR-1 Offline Utility)

Download The GSTR-1 Offline Utility below

Content Source : Goods and Services Tax Network

  • The Offline tool comes bundled with MS Excel Template and a java  tool. This Excel workbook template has 11 data entry worksheets, 1 master sheet and 1 Help Instruction sheet i.e. total 13 worksheets. The 11 data entry worksheets are named: b2b, b2cl, b2cs, cdnr, cdnur exp, at, atadj, exemp, hsn and doc in which day-to-day business transaction required to be reported in GSTR 1 can be recorded or entered by the taxpayers.  At desired interval, the data entered in the MS-Excel worksheet can be uploaded on the GST Portal using the java offline tool which will import the data from excel workbook and convert the same into a Json file which is understood by GST portal. (www.gst.gov.in)
  • It  has been designed to enable taxpayers to prepare GSTR 1  in  offline mode (without Internet). It can also be used to carry out bulk upload of invoice/other details to GST portal.
  • The appearance and functionalities of the Offline  tool screens are similar to that  of the returns filing  screens on the GST Portal.
  • Approximately 19,000 line items can be uploaded in one go using the java tool. In case a taxpayer has more invoice data, he can use the tool multiple times to upload the invoice data.

Data can be uploaded/entered to the offline tool in four ways:

  1. Importing the entire excel workbook to the java  tool where data in all sections (worksheets) of the excel file will be imported in the tool in one go.
  2. Line by line  data entry  by return preparer on the java offline tool.
  3. Copy from the  excel  worksheets from the top row  including the summary and  header  and pasting it in the designated box in the import screen of the  java offline tool.  Precaution: All the columns including headers should be in the same format  and have the same header as of the java offline tool.
  4. Section by section of a particular return – using a .CSV file as per the format given along with the java tool. Many accounting software packages generate .CSV file in the specified format and the same can be imported in the tool.
Understanding the Excel  Workbook Template
a) It is always recommended to download the excel workbook template from the GST portal only.
b) The taxpayer can fill the excel workbook template with different worksheet for the applicable sections of the return and then import the excel file to the java tool. Data has to be filled in the sections (worksheets) applicable to him and the others may be left blank.
c) The data in the excel file should be in the format specified below in respective sections.
d) In a case where the taxpayer does not have data applicable for all sections, those sections may be left blank and the java tool  will automatically take care of the data to be filled in the applicable sections only.
e) For Group import (all worksheets of workbook) taxpayer need to fill all the details into downloaded standard format GSTR1_Excel_Workbook_Template-V1.0.xlsx file
f) User can export  Data from local accounting software loaded in the above format as .CSV file and import it in the java tool to generate the file in  .Json  format  for bulk. Warning: Your accounting software should generate .CSV file in the format specified by GST Systems.
g) In all the worksheets except hsn, the central tax, integrated tax, and state tax are not required to be furnished in the excel worksheets but would be computed on the furnished rate and taxable value in the java offline tool. The taxpayer can edit the tax amounts calculated in the java tool if the tax collected values are different.
h) In the “doc’s worksheet, the net issued column has not been provided, this value will be computed in the java offline tool based on the total number of documents and the number of cancelled  documents furnished in this worksheet.

All States Eway Bill Notifications/Forms/Limit : Click Here

Continue Reading : About GST India

Manipur State GST Act- Goods and services tax act


Manipur Goods and Services Act (GST ACT), 2017


GOVERNMENT OF MANIPUR
SECRETARIAT: LAW & LEGISLATIVE AFFAIRS DEPARTMENT

NOTIFICATION
Imphal, June 14,2017

No. 2/29/2017-Leg/L : The following Act of the Legislature, Manipur which received assent of the Governor of Manipur on June 14,2017 is hereby published in the Official Gazette:

THE MANIPUR GOODS AND SERVICES TAX ACT, 2017
(Manipur Act No. 3 of 2017)

AN

ACT

to make a provision for levy and collection of tax on intra-State
supply of goods or services or both by the State of Manipur and
the matters connected therewith or incidental thereto.

BE it enacted by Legislature of Manipur in the Sixty-eighth Year
of the Republic ofIndia as follows:-

CHAPTER I
PRELIMINARY

Short title, extent and commencement.

(1) This Act may be called the Manipur Goods and Services Tax Act, 2017.

(2) It extends to the whole of Manipur

(3) It shall come into force on such date as the State Government
may, by notification in the Official Gazette, appoint:

Provided that different dates may be appointed for different provisions of this Act and any reference in any such provisions to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Download The Manipur State GST Act in PDF : Click Here

Circular No.1 /1/2017-Compensation Cess on Export

Circular No.1 /1/2017-Compensation Cess

F.No.354/136/2017-TRU
Government  of India
Ministry of Finance
Department  of Revenue
(Tax Research Unit)

New Delhi,  Dated 26t h July, 2017

To

Principal Chief Commissioners/Principal Directors General,
Chief Commissioners/Directors  General,
Principal Commissioners/Commissioners,
All under CBEC.

Madam/Sir,

Subject: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports – Regarding.

The issue of zero rating of exports with reference to Compensation Cess has been examined.

  1. In this regard section 8 of the Goods and Services tax (Compensation to States) Act, 2017 hereinafter referred to as [GSTC Act, 2017] provides for levy and collection of Compensation Cess and reads as under:

“8. (1) There shall be levied a cess on such intra-State supplies of goods or services or both, as provided for in section 9 of the Central Goods and Services Tax Act, and such inter State supplies of goods or services or both as provided for in section 5 of the Integrated Goods and Services Tax Act, and collected in such manner as may be prescribed, on the recommendations of the Council, for the purposes of providing compensation to the States for loss of revenue arising on account of implementation of the goods and services tax with effect from the date from which the provisions of the Central Goods and Services Tax Act is brought into force, for a period of five years or for such period as may be prescribed on the recommendations of the Council

(2) The cess shall be levied on such supplies of goods and services as are specified in column (2) of the Schedule, on the basis of value, quantity or on such basis at such rate not exceeding the rate set forth in the corresponding entry in column (4) of the Schedule, as the Central Government may, on the recommendations of the Council, by notification in the Official Gazette, specify.”

(3) Accordingly, based on the recommendation of GST Council, the effective rates of Compensation Cess leviable on various supplies, stand notified vide Notification No.1/2017-Compensation Cess (Rate).

(4) Further, as per sub-section (5) of section 7 of IGST Act, 2017, supply of goods or services or both, when the supplier is located in India and place of supply is outside India, will be treated as inter-state supply. Therefore, exports being inter-sate supplies, they will be liable to Compensation Cess. This however will not be in line with the principle that no taxes be exported, and exports have to be zero rated.

(5) Provisions relating to zero rating of exports are

“16. (1) “zero rated supply” means any of the following supplies of goods or services or both, namely: –

(a)export of goods or services or both; or

(b) supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit.

(2)Subject to the provisions of sub-section (5) of section 17 of the Central Goods and Services Tax Act, credit of input tax may be availed for making zero-rated supplies, notwithstanding that such supply may be an exempt supply.

(3) A registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely: ––

(a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or

(b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied,

in accordance with the provisions of section 54 of the Central Goods and Services Tax Act or the rules made thereunder”.

(6) Moreover, the section 11 of the Goods and Services tax (Compensation to States) Act, 2017, provides that:

11. (1) The provisions of the Central Goods and Services Tax Act, and the rules made thereunder, including those relating to assessment, input tax credit, non-levy, short- levy, interest, appeals, offences and penalties, shall, as far as may be, mutatis mutandis, apply, in relation to the levy and collection of the cess leviable under section 8 on the intra-State supply of goods and services, as they apply in relation to the levy and collection of central tax on such intra-State supplies under the said Act or the rules made thereunder.

(2) The provisions of the Integrated Goods and Services Tax Act, and the rules made thereunder, including those relating to assessment, input tax credit, non-levy, short-levy, interest, appeals, offences and penalties, shall, mutatis mutandis, apply in relation to the levy and collection of the cess leviable under section 8 on the inter-State supply of goods and services, as they apply in relation to the levy and collection of integrated tax on such inter-State supplies under the said Act or the rules made thereunder:

Provided that the input tax credit in respect of cess on supply of goods and services leviable under section 8, shall be utilised only towards payment of said cess on supply of goods and services leviable under the said section.

(7) Therefore, sub-section (2) of section 11 of the Goods and Services tax (Compensation to States) Act, 2017 provides that provisions of Integrated Goods and Services Tax Act, and the rules made thereunder, shall, mutatis mutandis, apply in relation to the levy and collection of the cess leviable under section 8 on the inter-State supply of goods and services, as they apply in relation to the levy and collection of integrated tax on such inter-State supplies under the said Act or the rules made thereunder.

(8) In view of the above, it is hereby clarified  that provisions of section 16 of the IGST Act,  2017,   relating  to     zero  rated   supply  will  apply  mutatis  mutandis  for  the  purpose  of Compensation Cess ( wherever applicable),  that is to say that:

a) Exporter will be eligible for refund of Compensation Cess paid on goods exported by him [on similar lines as refund of IGST under section 16(3) (b) of the IGST, 2017]; or

b) No Compensation Cess will be charged on goods exported by an exporter under bond and he will be eligible for refund of input tax credit of Compensation Cess relating to goods exported [on similar lines as refund of input taxes under section 16(3) (a) of the IGST, 2017].

(9)All concerned are requested to acknowledge the receipt of this circular.

(10) Trade Notice/Public Notice to be issued. Difficulty if any, in the implementation of the circular should be brought to the notice of the Board. Hindi version would follow.

Yours faithfully,

(Devranjan Mishra)
Technical Officer (TRU)

To Download the Official Circular on Compensation Cess on Export : Click Here

GST On Logistics Services & its Impact

Ministry of Road Transport & Highway

Government of India


GST IMPACT ON LOGISTICS INDUSTRIES


Download the Official PDF on GST (Ministry of Road Transport & Highway) : CLICK HERE

GST Impact : Trucks Save 8 hours on chennai-Delhi run :

Truck owner, logistics providers said not only had  the tax saved time, it had also reduce costs – (Business standard, july 20 , 2017)

Prime Minsiter Narendra Modi : GST is a catalyst will fix the imbalance in india’s trade system.

Nitin Gadkari  : “India’s logistics sector would gain the most from the goods and services tax as costs would fall by almost 20%,” (Road transport and shipping minister.)

Trucks aggregators including blackbuck, Rivigo and Fr8 said orders are picking up again and believe that the new tax structure will have an overall positive impact on the logistics sector, especially since the removal of intercity check posts will reduce travel time. (The Economic Times, 12 July, 2017)

Logistics and warehousing  gaining from GST : 

Logistics and warehousing sectors are already witnessing gains of the Goods and services Tax (GST) and set to grow further, according to Somesh Kumar, Principal Secretary, Commercial Taxes & Exercise, Government of Telangana (Business line, july 14, 2017)

 

Assam State Goods and Services Tax Act (GST Act)


THE ASSAM GOODS AND SERVICES TAX ACT (GST Act), 2017


ASSAM ACT NO. XXVIII OF 2017
(Received the assent of the Governor on 24th May, 2017)

GOVERNMENT OF ASSAM
ORDERS BY THE GOVERNOR
LEGISLATIVE DEPARTMENT : : : LEGISLATIVE BRANCH

NOTIFICATION
The 1st June, 2017

No. LGL.123/2017/11.– The following Act of the Assam Legislative Assembly which received the assent of the Governor on 24th May, 2017 is hereby published for general information.

AN
ACT

Preamble : to make a provision for levy and collection of tax on intra-State supply of goods or services  both by the state of Assam and the matters connected therewith or incidental thereto

It is hereby enacted in the sixty-eighth year of Republic of India as Follows:

Chapter 1
Preliminary

Short title, extent and commencement

  1. (1) This act may be called the Assam Goods and Services Tax Act, 2017 (Assam GST Act 2017).
    (2) It extent to the whole of Assam.
    (3) It shall came into force on such date as the State Government may, by notification in the official Gazette, appoint :Provided that different dates may be appointed for different provisions of this Act and any reference in any such provisions to the commencement of this Act shall be constructed as a reference to the coming into force of that provision.

To Download the Complete ASSAM STATE GST Act in PDF : CLICK HERE

items of gst with rates    GST 0% Rate Category Items List  

items of gst with rates    GST 5% Rate Category Items List 

items of gst with rates    GST 12% Rate Category Items List

items of gst with rates    GST 18% Rate Category Items List 

items of gst with rates    GST 28% Rate Category Items List 

 

 

GST Compliance Manual India (Complete GST Compliance)

GST Compliance Manual (Introduction):

The present indenture is compliance manual in GST regime. It contains documents to prepare records to maintain, accounting entries and other compliance required under GST regime in India.

The manual contains instructions for single state GST registration. In case of multi state, reader is suggested to replicate same steps / records etc for every state separately.

GST Compliance Manual (Disclaimer):

This note has been prepared for internal use MGS & Co. and their clients. All content is proprietary of MGS & Co.. This communication may contain confidential or legally privileged information. If you are not the intended recipient, any disclosure, copying, distribution or action taken relying on the contents is prohibited and may be unlawful. No liability is accepted for any harm that may be caused by the contents of this message. Thank you.


Download The Complete GST Manual : Click Here


CONTENTS (In GST Compliance Manual)

  1. Introduction
  2. Introduction
  3. Reverse Charge
    3.1. Purchase from Unregistered dealer
    3.2. Compulsory reverse charge on specified services
    3.3. Exemption in Case of Services Up to 5000 per day
  4. Input Credit
    4.1. Availability of Input Tax Credit on GST
    4.2. Input Tax Credit Specifically disallowed
    4.3. Utilisation of Input Tax Credit
  5. Accounting Entry
    5.1. Ledgers to be created
    5.2. Accounting Entries
  6. Documents to be Issued
  7. Return
    7.1. General Provisions
    7.2. Return for the Month of July, August & September due dates
    7.3. GST Return Applicability
    7.4. GST return flow
  8. Reports and Registers
    8.1. Records required
    8.2. Reports
    8.3. Other Important Points
    8.4. Register formats

Continue Reading Know about GST India : Click here


HSN Code finder with GST Rates : Click Here


SAC Code Finder with GST Rates for services : Click Here


items of gst with rates

GUJARAT GST ACT


Gujarat Goods and Services Tax (GST) Act, 2017.


Acts of Gujarat Legislature and Ordinances promulgated and Regulations
made by the Governor.

The following Act of the Gujarat Legislature, having been assented to
by the Governor on the 9th June, 2017 is hereby published for general
information.

K. M.LALA,
Secretary to the Government of Gujarat,
Legislative and Parliamentary Affairs Department.

GUJARA T ACT NO. 25 OF 2017.
(First published, after having received the assent of the Governor, in
the “Gujarat Government Gazette”, on the 9th June, 2017).

ANACT

to make a provision for levy and collection of tax on intra-State supply
of goods or services or both and the matters connected therewith or
incidental thereto.

It is enacted in the Sixty-eighth Year of the Republic of India as
follows:-

CHAPTER I
PRELIMINARY

Short title, extent and commencement.

1. (1) This Act may be called the Gujarat Goods and Services Tax Act, 2017.

(2) It extends to the whole of Gujarat.

(3) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint:

Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Definitions.

2. In this Act, unless the context otherwise requires,-

To Download the Complete GUJARAT STATE GST Act in PDF : CLICK HERE 

items of gst with rates    GST 0% Rate Category Items List  

items of gst with rates    GST 5% Rate Category Items List 

items of gst with rates    GST 12% Rate Category Items List

items of gst with rates    GST 18% Rate Category Items List 

items of gst with rates    GST 28% Rate Category Items List