List of GST Forms and its Purpose

Sr. No.Relevant FormPurpose/Use
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0APAF 01Anti-Profiteering Application Form
1GST REG 01Application for Registration
2GST REG 03Issue notice for clarification or information about the application
3GST REG 04Reply of notice issued in Form GST REG-03
4GST REG 05Rejection of Application
5GST REG 06Registration Certificate
6GST REG 07Application for registration for persons required to deduct/collect tax at source
7GST REG 08Cancellation of Application made by persons required to deduct/collect tax at source
8GST REG 09Application for registration to Non-resident Taxable Person
9GST REG 10Application by Person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient
10GST REG 11Application for extension period by Casual Taxable Person and Non-Resident Taxable Person
11GST REG 12Order to register a person on a temporary basis - In case of suomoto Registration
12GST REG 13Application for allotment of Unique Identity Number
13GST REG 14Amendment in Registration Certificate
14GST REG 15Order for approval of Amendment
15GST REG 16Application for Cancellation of Registration
16GST REG 17Notice for cancellation of Registration
17GST REG 18Reply to notice of cancellation
18GST REG 19Order for cancellation of Registration
19GST REG 20If reply in Form GST REG-19 is found to be satisfactory, proceedings will be dropped
20GST REG 21Application for revocation of cancellation of registration
21GST REG 22Order for revocation of cancellation of registration
22GST REG 23Show cause notice by proper officer before rejection of application for revocation of cancellation of registration
23GST REG 24Reply to the show cause notice issued in Form GST REG-23
24GST REG 25Certificate of registration on provisional basis
25GST REG 26Application by person possessing provisional registration shall apply, for getting certificate of registration
26GST REG 27Show cause notice before cancellation of provisional registration
27GST REG 28Order of cancellation of provisional registration
28GST REG 29Application for cancellation of provisional registration by a person not liable to be registered under the Act
29GST REG 30Report on physical verification of place of business of a registered person
30GSTR - 1Statement for Filling of details of Outwards supplies by Normal Registered person
31GSTR - 2AStatement of auto populated data of Inward supplies on the basis of GSTR 1 to the recipient of goods & Services in case of normal registered person
32GSTR - 2Statement for Filling of details of Inward supplies by Normal Registered person
33GSTR - 3ANotice to return defaulter u/s 46 for not filing return
34GSTR - 3Filling of Monthly Return by Normal Registered Person
35GSTR - 3BFilling of Monthly return by Normal Registered person in cases where Time limit for filing of monthly return extended
36GSTR - 4AStatement of auto populated data of Inward supplies on the basis of GSTR 1 in case of person registere under Composition Scheme
37GSTR - 4Quartely return by Registered person paying tax under the provisions of section 10
38GSTR - 5Monthly Return by Registered non-resident taxable person
39GSTR - 5AStatement of auto populated data of Inward supplies on the basis of GSTR 1 in case of E commerec operator required to collect tax at source u/s 52
40GSTR - 6AStatement of auto populated data of Inward supplies on the basis of GSTR 1 in case of taxable person registered as an Input Service Distributor
41GSTR - 6Monthly Return by taxable person registered as an Input Service Distributor
42GSTR - 7Monthly Return by Registered person required to deduct tax at source under the provisions of section 51
43GSTR - 8Monthly Return by E commerce operator required to collect tax at source u/s 52
44GSTR - 9Annual return by Normal Taxable person other than an Input Service Distributor, a person paying tax u/s 51 or u/s 52, a casual taxable person and a non-resident taxable person
45GSTR - 9AAnnual Return by a person paying tax u/s 10
46GSTR - 9BAnnual Statement by Electronic commerce operator required to collect tax at source u/s 52
47GSTR - 9CSubmission of Audited Accounts by taxable person whose turnover exceeding Rs. 2 Crs
48GSTR - 10Final Return by every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax u/s 10 or u/s 51 or u/s 52 whose registration has been cancelled
49GSTR - 11Furnishing of Inward supplies by person issued a Unique Identification Number
50GST MIS - 1Final acceptance of input tax credit and communication thereof to the recipient
51GST MIS - 2Communication of discrepancy in claim of input tax credit to the supplier
52GST MIS - 3discrepancy in the details furnished by the operator and those declared by the supplier made available to the supplier
53GST MIS - 4discrepancy in the details furnished by the operator and those declared by the supplier made available to the e-commerce operator
54GST PCT - 1Application for registering as Goods and Service Tax Practitioner
55GST PCT - 2Enrolment of the applicant as Goods and Service Tax Practitioner
56GST PCT - 3Issue of Show Cause Notice by the authorised officer when GST Practitioner is found guilty of misconduct
57GST PCT - 4Order of disqualification as Goods & Service Tax Practitioner
58GST PCT - 5Authorization or withdrawal authorization of GSTRP by taxable person
59GST RFD - 01 With Annex 1 and 2For filling refund application
60GST RFD - 02Acknowledgement of application filed
61GST RFD - 03Communication of deficiency
62GST RFD - 04Sanction of refund on provisional basis
63GST RFD - 05Payment advice of refund
64GST RFD - 06Order of refund
65GST RFD - 07Details of amount of refund along with adjustments, if any
66GST RFD - 08Notice to the applicant for filling reply
67GST RFD - 09Reply by the applicant
68GST RFD - 10Refund application for person notified as per notification issued under section 55
69FORM GST RFD-11Furnishing of Bond or Letter of Undertaking for availing the option to supply goods or services for export without payment of integrated tax
70GST PMT - 01Electronic Liability Register
71GST PMT - 02Electronic Credit Ledger
72GST PMT - 03Re-credit of ITC to Electronic Credit Ledger on Account of Rejection of Refund
73GST PMT - 04Communication ofany discrepancy in Electronic Credit Ledger to proper officer
74GST PMT - 05Electronic Cash Ledger
75GST PMT - 06Challan for payment of GST
76GST CMP - 01Intimation about composition option in case of Migrated Assessee
77GST CMP - 02Intimation about composition option in case of existing assessee opting for composition levy
78GST CMP - 03Details of Stock including the inward supply of goods received from unregistered persons
79GST CMP - 04Where registered person ceases to satisfy any of the conditions mentioned in section 10 or these rules
80GST CMP - 05Show Cause Notice (SCN) by Proper Officer
81GST CMP - 06Reply to SCN
82GST CMP - 07Order of acceptance or rejection by Proper officer
83GST ASMT - 01Application for Provisional Assessment
84GST ASMT - 02Issuance of Notice by proper officer for documents or information or to appear in person for provisional assessment
85GST ASMT - 03Reply to notice received in Form GST ASMT-02
86GST ASMT - 04Order of Provisional Assessment
87GST ASMT - 05Bond to be executed along with security
88GST ASMT - 06Issuance of Notice by proper officer for documents or information for finalization of assessment
89GST ASMT - 07Order of Final Assessment
90GST ASMT - 08Application for release of security
91GST ASMT - 09Order by the proper officer for release of Security
92GST ASMT - 10Notice to inform discrepancy and seeking explanations
93GST ASMT - 11Reply to notice received in Form GST ASMT-10
94GST ASMT - 12Information about the acceptable data submitted in Form GST ASMT-11
95GST ASMT - 13Assessment order in the assessment of non-filer of return
96GST ASMT - 14Notice to Unregistered Person for Assessment
97GST ASMT - 15Assessment order in the assessment of Unregistered Person
98GST ASMT - 16Assessment order in the summary assessment in certain cases
99GST ASMT - 17Reply letter to oredr of GST ASMT-16
100GST ASMT - 18Order of withdrawal or rejection of the application in the summary assessment in certain cases
101GST ADT - 01Notice for selection of Audit
102GST ADT - 02For conclusion of audit
103GST ADT - 03Intimation about appointment of Chartered Accountant or Cost Accountant
104GST ADT - 04For conclusion of audit
105GST ARA - 01For filling application to advance Ruling Authority
106GST ARA - 02For filling Appeal to Appellate Authority for advance Ruling by the applicant
107GST ARA - 03For filling Appeal to Appellate Authority for advance Ruling by the the concerned officer or the jurisdictional officer
108GST TRAN - 1Transitional ITC / Stock Statement
109GST TRAN - 2Details of supplies of goods effected during the tax period for which deemed credit is availed
110GST ITC - 01Declaration for claim of credit in case of section 18(1)(c) and (d)
111GST ITC - 02Furnish the details of sale, merger, de-merger, amalgamation, lease or transfer of business by the transferor
112GST ITC - 03Details to be furnished in case of any events specified in section18(4)
113GST APL - 01For filling appeal to Appellate Authority by the Assessee
114GST APL - 02Final receipt of appeal Filed
115GST APL - 03For filling application to Appellate Authority by the Authorized Officer
116GST APL - 04Order of Appellate Authority/Appellate Tribunal
117GST APL - 05For filling appeal to Appellate Tribunal by the Assessee
118GST APL - 06For filling Memorandom of cross objection
119GST APL - 07For filling application to Appellate Tribunal by the Authorized Officer
120GST APL - 08For filling appeal to High Court
121FORM GST DRC-01Electronic summary issued of the amount payable along with SCN.
122FORM GST DRC-02Electronic summary issued of the amount payable along with Statement.
123FORM GST DRC-03Intimation by the taxpayer of the payment made before issuance of SCN or statement/within 30 days of service of SCN or statement
124FORM GST DRC-04Acknowledgement of the acceptance of payment
125FORM GST DRC-05Order by the proper officer concluding the proceedings.
126FORM GST DRC-06Representation by the taxpayer
127FORM GST DRC-07A summary of the order to be uploaded electronically
128FORM GST DRC-08Rectification of the order by the proper officer
129FORM GST DRC-09Authorizing specified officer to deduct amount payable from the money owed.
130FORM GST DRC-10Notice for Auction of sale of goods under the control of proper officer
131FORM GST DRC-11Issue of notice to the successful bidder
132FORM GST DRC-12Transfer of possession and issue of Certificate
133FORM GST DRC-13Notice for Recovery from a third person
134FORM GST DRC-14Issue of Certificate of discharge of liability by the Third person
135FORM GST DRC-15Recovery through execution of a decree, etc
136FORM GST DRC-16Order of attachment or distraint and notice for sale of attached movable or immovable property
137FORM GST DRC-17Notice for Auction of attached movable or immovable property
138FORM GST DRC-18Recovery through land revenue authority
139FORM GST DRC-19Recovery through court
140FORM GST DRC-20Payment of tax and other amount in installments - Application
141FORM GST DRC-21Payment of tax and other amount in installments - Order
142FORM GST DRC-22Provisional attachment of property
143FORM GST DRC-23Release of Property
144FORM GST DRC-24Recovery from company in liquidation
145FORM GST DRC-25Continuation of certain recovery proceedings
146FORM GST INS-01Authorization form for authorizing any other officer subordinate to Joint Commissioner to conduct the inspection or searchcase may be, seizure of goods, documents, books or things liable to confiscation
147FORM GST INS-02Order of seizure of goods, documents, books or things.
148FORM GST INS-03Order prohibiting that the owner or custodian of goods shall not remove, part with, or otherwise deal with the goods.
149GST INS - 04Execution of bond for release of seized goods.
150FORM GST INS-05Order for release of seized goods.
151FORM GST CPD-01Application for compounding of offences
152FORM GST CPD-02Order rejecting or granting immunity from prosecution

Anti Profiteering – The next challenge for India Inc.

  1. Introduction

India is a developing country and like any other developing country it faces a challenge of making available resources to its citizen.  Being a socialist republic, government has to ensure that the resources of the Country are not limited to a certain set of persons. Inline with the understanding, Government need to ensure that post introduction of Goods and Services Tax (“GST”), the prices of goods and services are not left to the wishes of the businessman and he should not pocket the tax at the cost of consumer.  Accordingly, Anti profiteering provisions are introduced in the GST statutes which shall keep a vigil and watch over the reasons for increase in prices post GST.  This article examines the provisions and implementation of anti profiteering provisions in GST.

  1. What is Anti Profiteering provision?

Section 171 of the Central Goods and Services Tax Act, 2017 (“CGST Act”) (provisions apply in same manner to other GST statutes) provides that a supplier of goods or services shall pass onto the recipient benefit of any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit by way of commensurate reduction in prices.

The provisions apply only to all classes of goods and services, which include food and beverages, industrial goods, household goods, all construction services by builders and developers etc.

How is compliance of Anti profiteering ensured by Government?

To effect the above provisions, it has been further provided that Central Government may, on recommendations of the Council, by notification, constitute an Authority, or empower an existing Authority constituted under any law for the time being in force, to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

The Authority has been empowered to exercise such powers and discharge such functions as may be prescribed in the Rules.

Accordingly, the Rules provides for the following:

  • Constitution of National Anti-profiteering Authority (“hereinafter referred to as “Authority”)
  • Constitution of Authority, Standing Committee and Screening Committees
  • Appointment, salary, allowances and other terms and conditions of service of the Chairman and Members of the Authority
  • Power to determine the methodology and procedure
  • Duties of the Authority
  • Examination of application by the Standing Committee and Screening Committee
  • Initiation and conduct of proceedings

The Authority shall consist of following officers:

(a) a Chairman who holds or has held a post equivalent in rank to a Secretary to the Government of India; and

(b) four Technical Members who are or have been Commissioners of State tax or central tax for at least one year or have held an equivalent post under the existing law, to be nominated by the Council.

The Authority shall cease to exist after the expiry of two years from the date on which the Chairman enters upon his office unless the Council recommends otherwise.  Further, the Authority has been entrusted with the following duties:

  • to determine whether compliance of Section 171 requirement has been made by the supplier
  • to identify the registered person who has not passed on the requisite benefits to the recipient by way of commensurate reduction in prices
  • to order:
  • reduction in prices
  • return of the amount equivalent to the benefit under Section 171 to the recipient along with an interest at the rate of 18% from the date of collection till the date of return, or
  • recovery of the amount not returned and depositing the same in the Fund referred to in section 57
  • imposition of penalty as prescribed under the Act;
  • cancellation of registration under the Act
  1. Process of Anti evasion proceedings

The following shall be the process of determination of anti profioeeting proceedings:

  1. Application for Anti evasion proceedings

The above actions can be taken on the basis of any complaint where the complainant feels that the benefit of tax cut has not been passed on to him or on the basis of an application filed by the Commissioner or any other person. All applications from interested parties on issues of local nature shall first be examined by the State level Screening Committee.  Such Committee shall constituted by the respective State Governments and shall consist of:

  • an officer of the State Government, to be nominated by the Commissioner, and
  • an officer of the Central Government, to be nominated by the Chief Commissioner.

As of now, such Screening Committees have been constituted and details thereof are available on the government website.

If the Committee is convinced that the case is fit for Anti profiteering proceedings, it shall forward the application with its recommendations to the Standing Committee on Anti-profiteering.  The Standing Committee shall consist of such officers of the State Government and Central Government as may be nominated by the GST council, for further action.

  1. Investigation by DGS

If the Standing Committee finds the matter suitable for the proceedings, it shall then refer the matter to Director General of Safeguards (“DGS”) who shall undertake the enquiry.  DGS shall issue a notice to the interested parties and other parties as required for the investigation and to gather the requisite information.  DGS himself or under his authority, a subordinate can summon any person necessary either to give evidence or to produce a document or any other thing. DGS shall inform the interested parties of the following information:

(a) the description of the goods or services in respect of which the proceedings have been initiated;

(b) summary of the statement of facts on which the allegations are based; and

(c) the time limit allowed to the interested parties and other persons who may have information related to the proceedings for furnishing their reply.

For the above purpose, “interested party” includes

  1. suppliers of goods or services under the proceedings; and
  2. recipients of goods or services under the proceedings;

Cross examination of details provided by one party may be made available to the other parties who are participating in the proceedings. As part of investigation. DGS can also seek opinion of any other agency or statutory authorities.

The above proceedings shall be completed within 3 months or within such extended period not exceeding a further period of three months for reasons to be recorded in writing as allowed by the Standing Committee.  On completion of enquiry, DGS shall present his report along with relevant records to the Standing Committee.

  1. Orders of the Authority

The Authority shall issue an order within a period of three months from the date of the receipt of the report from the DGS.  The order shall be passed after granting an opportunity of hearing to the interested parties.  The Authority shall determine whether a registered person has passed on the benefit of the reduction in the rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices. However, in case of difference of opinion on a matter, the decision shall be taken as per  the opinion of the majority.

Thus, in case the Authority finds that the registered person has passed the benefit to the buyer, an order providing said decision be communicated.  However, where the Authority determines that a registered person fails the test of Anti profiteering, the Authority may order-

(a) reduction in prices;

(b) return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest;

  1. Time allowed for various process in Anti profiteering proceedings
S.No. Proceeding Time allowed
1. Application to Screening Committee Within a period of two months from the date of the receipt of a written application
2. Decision by Screening Committee
3. Decision by Standing Committee
4. Investigation and report by DGS Within 3 months from the date of reference by Standing Committtee or another three months when extended
5. Decision by Authority Within 3 months from the receipt of report

Conclusion:

To ensure compliance with the Anti Profiteering provisions, businesses should ensure and analyse any price increases made by them post July 1, 2017 by examining the increase in costs viz a viz benefits which have accrued on account of reduction in costs on count of increased ITC. Authority is a body which shall ensure that prices remain under check and that businesses do not gain from taxes at the cost of consumers.  While the provision shall deter unfair pricing and pocketing of taxes by business houses.  However, this may also become a medium for undue harassment, tool for troubling competitors etc if the mechanism is not effected in a fair manner.

Recommendations made by the GST Council in the 23rd meeting

Following are the Recommendations made by the GST Council in the 23rd meeting: –

  1. Changes in Filling of GST Returns
  • The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out by a Committee of Officers.
  • All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.

   A . Due Date of Changes in GSTR-3B :

Period / Month GSTR‐3B along with payment
 July 2017 25‐Aug‐2017
 August 2017 20‐Sep‐2017
 September 2017 20‐Oct‐2017
 October 2017 20‐Nov‐2017
 November 2017 20‐Dec‐2017
December 2017 20‐Jan‐2018
January 2018 20‐Feb‐2018
February 2018 20‐Mar‐2018
March 2018 20‐Apr‐2018

   B . Due Date of Changes in GSTR-1 :

 

 

Period / Month

GSTR‐1  

 

GSTR‐2

 

 

GSTR‐3

Taxpayers with annual aggregate turnover upto Rs. 1.5 crore Taxpayers with annual aggregate turnover more than Rs. 1.5 crore
July 2017  

31‐Dec‐2017

31‐Dec‐2017  

 

 

The time period for filing GSTR‐2 and GSTR‐3 for the months of July 2017 to March 2018 would be worked out by a Committee of Officers.

August 2017 31‐Dec‐2017
September 2017 31‐Dec‐2017
October 2017  

15‐Feb‐2018

31‐Dec‐2017
November 2017 10‐Jan‐2018
December 2017 10‐Feb‐2018
January 2018  

30‐Apr‐2018

10‐Mar‐2018
February 2018 10‐Apr‐2018
March 2018 10‐May‐2018

 

   C . Other GST Returns : 

Form / Period Particulars Due Date
GSTR‐4

July to Sept 17

Quarterly return for registered person opting for composition levy 24‐Dec‐2017
GSTR‐5

July 2017

Return for Non‐resident taxable person 11‐Dec‐2017
GSTR‐5A

July 2017

Details of supplies of online information and database access or retrieval services by a person located outside India made to non‐taxable persons in India 15‐Dec‐2017
GSTR‐6

July 2017

Return for input service distributor 31‐Dec‐2017
TRAN‐1 Transitional ITC / Stock Statement 31‐Dec‐2017
ITC‐01 Declaration for claim of input tax credit under sub‐section (1) of section 18 30‐Nov‐2017
ITC‐04

July to Sept 17

Details of goods/capital goods sent to job worker and received back 31‐Dec‐2017

 

  1. Changes in GST Rates

A. Goods on which the Council has recommended reduction in GST rate from 28% to 18% include:

 

Item (HSN CODE) Description of Goods Old Rate New Rate
8544 Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors 28 % 18 %
7322 Electrical boards, panels, consoles, cabinets etc for electric control or distribution 28 % 18 %
4411 Particle/fibre boards and ply wood. Article of wood, wooden frame, paving block 28 % 18 %
3405 Furniture, mattress, bedding and similar furnishing 28 % 18 %
4202 Trunk, suitcase, vanity cases, brief cases, travelling bags and other hand bags, cases 28 % 18 %
3401  30 Detergents, washing and cleaning preparations 28 % 18 %
3401 30 Liquid or cream for washing the skin 28 % 18 %
3305 Other Then 3305 9011, 3305 9019) Shampoos; Hair cream, Hair dyes (natural, herbal or synthetic) and similar other goods; henna powder or paste, not mixed with any other ingredient; 28 % 18 %
3307 Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, perfumery, cosmetic or toilet preparations, room deodorisers 28 % 18 %
3303 Perfumes and toilet waters 28 % 18 %
3304 Beauty or make-up preparations 28 % 18 %
8511 Fans, pumps, compressors 28 % 18 %
9405 Lamp and light fitting 28 % 18 %
Primary cell and primary batteries 28 % 18 %
7324 Sanitary ware and parts thereof of all kind 28 % 18 %
6910 Articles of plastic, floor covering, baths, shower, sinks, washbasins, seats, sanitary ware of plastic 28 % 18 %
6802 Slabs of marbles and granite 28 % 18 %
6808 Goods of marble and granite such as tiles 28 % 18 %
6901, 6904 Ceramic tiles of all kinds 28 % 18 %
9617 Miscellaneous articles such as vacuum flasks, lighters, 28 % 18 %
9101, 9102 Wrist watches, clocks, watch movement, watch cases, straps, parts 28 % 18 %
4203 Article of apparel & clothing accessories of leather, guts, furskin, artificial fur and other articles such as saddlery and harness for any animal 28 % 18 %
7321 Articles of cutlery, stoves, cookers and similar non electric domestic appliances 28 % 18 %
8212 Razor and razor blades 28 % 18 %
8443 Multi-functional printers, cartridges 28 % 18 %
8304 Office or desk equipment 28 % 18 %
7610 100 Door, windows and frames of aluminium. 28 % 18 %
6809 Articles of plaster such as board, sheet, 28 % 18 %
6810 Articles of cement or concrete or stone and artificial stone, 28 % 18 %
6807 Articles of asphalt or slate, 28 % 18 %
6814 Articles of mica 28 % 18 %
6906 Ceramic flooring blocks, pipes, conduit, pipe fitting 28 % 18 %
4814 Wall paper and wall covering 28 % 18 %
7009 Glass of all kinds and articles thereof such as mirror, safety glass, sheets, glassware 28 % 18 %
8423 Electrical, electronic weighing machinery 28 % 18 %
8424 Fire extinguishers and fire extinguishing charge 28 % 18 %
8427 Fork lifts, lifting and handling equipment, 28 % 18 %
8429 Bull dozers, excavators, loaders, road rollers, 28 % 18 %
8430 Earth moving and levelling machinery, 28 % 18 %
8428 Escalators, 28 % 18 %
8419 Cooling towers, pressure vessels, reactors 28 % 18 %
9618 Crankshaft for sewing machine, tailor’s dummies, bearing housings, gears and gearing; ball or roller screws; gaskets 28 % 18 %
8525 Electrical apparatus for radio and television broadcasting 28 % 18 %
8528 Sound recording or reproducing apparatus 28 % 18 %
8530 Signalling, safety or traffic control equipment for transports 28 % 18 %
9506 Physical exercise equipment, festival and carnival equipment, swings, shooting galleries, roundabouts, gymnastic and athletic equipment 28 % 18 %
9209 All musical instruments and their parts 28 % 18 %
6702 Artificial flowers, foliage and artificial fruits 28 % 18 %
1804 Cocoa butter, fat, oil powder, 28 % 18 %
2101 11 , 2101 120 Extract, essence ad concentrates of coffee, miscellaneous food preparations 28 % 18 %
1704 Chocolates, Chewing gum / bubble gum 28 % 18 %
1901 90  (Other then 1901 10,20) Malt extract and food preparations of flour, groats, meal, starch or malt extract 28 % 18 %
1905 32 Waffles and wafers coated with chocolate or containing chocolate 28 % 18 %
4013 Rubber tubes and miscellaneous articles of rubber 28 % 18 %
9005 Goggles, binoculars, telescope, 28 % 18 %
8528 Cinematographic cameras and projectors, image projector, 28 % 18 %
9010, 9011, 9012 Microscope, specified laboratory equipment, specified scientific equipment such as for meteorology, hydrology, oceanography, geology 28 % 18 %
3814 Solvent, thinners, hydraulic fluids, anti-freezing preparation 28 % 18 %

 

B. Goods on which the Council has recommended reduction in GST rate from 28% to 12% include:

 

Items (HSN CODE) Details of Goods Old Rate New Rate
8509 Wet grinders consisting of stone as grinder 28 % 12 %
8710 Tanks and other armoured fighting vehicles 28 % 12 %

 

C. Goods on which the Council has recommended reduction in GST rate from 18% TO 12% include:

 

Items  ( HSN CODE) Description of Goods Old Rate New Rate
0402 99 20 Condensed milk 18 % 12 %
1701 91 00 Refined sugar and sugar cubes 18 % 12 %
1902 Pasta 18 % 12 %
2103 90 10 Curry paste, mayonnaise and salad dressings, mixed condiments and mixed seasoning 18 % 12 %
2106 90 91 Diabetic food 18 % 12 %
2804 40 10 Medicinal grade oxygen 18 % 12 %
3215 Printing ink 18 % 12 %
4202 22 30 Hand bags and shopping bags of jute and cotton 18 % 12 %
6505 Hats (knitted or crocheted) 18 % 12 %
8436 Parts of specified agricultural, horticultural, forestry, harvesting or threshing machinery 18 % 12 %
8453 Specified parts of sewing machine 18 % 12 %
9003 Spectacles frames 18 % 12 %
9403 Furniture wholly made of bamboo or cane 18 % 12 %

 

D. Goods on which the Council has recommended reduction in GST rate from 18% TO 5% include:

 

Items (HSN CODE) Description of Goods Old Rate New Rate
2106 Puffed rice chikki, peanut chikki, sesame chikki, revdi, tilrevdi, khaza, kazuali, groundnut sweets gatta, kuliya 18 % 5 %
1105 Flour of potatoes put up in unit container bearing a brand name 18 % 5 %
0910 Chutney powder 18 % 5 %
6815 Fly ash 18 % 5 %
2503 Sulphur recovered in refining of crude 18 % 5 %
2621 Fly ash aggregate with 90% or more fly ash content 18 % 5 %
E. Goods on which the Council has recommended reduction in GST rate from 12% TO 5% include:

 

Items ( HSN CODE) Description of Goods Old Rate New Rate
0801 Desiccated coconut 12 % 5 %
5806 Narrow woven fabric including cotton newar [with no refund of unutilised input tax credit] 12 % 5 %
2106 Idli, dosa batter 12 % 5 %
4114 Finished leather, chamois and composition leather 12 % 5 %
9404 Coir cordage and ropes, jute twine, coir products 12 % 5 %
5608 Fishing net and fishing hooks 12 % 5 %
6309 Worn clothing 12 % 5 %
6815 Fly ash brick 12 % 5 %

 

F. Goods on which the Council has recommended reduction in GST rate from 5% TO Nil Rated include:

 

Items (HSN CODE) Description of Goods Old Rate New Rate
1106 Guar meal 5 % Nil  (0 %)
1210 Hop cone (other than grounded, powdered or in pellet form) 5 % Nil  (0 %)
0714 Certain dried vegetables such as sweet potatoes, maniac 5 % Nil  (0 %)
1404 Unworked coconut shell 5 % Nil  (0 %)
0303 Fish frozen or dried (not put up in unit container bearing a brand name) 5 % Nil  (0 %)
1701 Khandsari sugar 5 % Nil  (0 %)
G. Miscellaneous :
  • GST rates on aircraft engines from 28%/18% to 5%, aircraft tyres from 28% to 5% and aircraft seats from 28% to 5%.
  • GST rate on bangles of lac/shellac from 3% GST rate to Nil.

Note : All changes will be applicable after the notification issued

Understanding GSTIN formats

GSTIN is a fifteen digit alpha numeric number provided to each person registered under GST.  Following are the type of persons who can obtain registration in GST:

a.  Normal Registration

b.  Compositions registration

c.   Non resident registration

d.   Casual Person Registration

e.   Input Service Distributor

f.    UIN Holders

Different types of GSTIN are issued to identify different type and category of taxpayers which are as follows:

The state code is followed by the 10 digit PAN number (For TDS, it can be either PAN or TAN) followed by another 3 alpha numeric digits. Sample GSTIN for Normal Taxpayer, Composition Taxpayer, Casual Taxpayer etc. :

e.g. 07AAAAA1234A1Z1

  • For Non-resident Foreign Taxpayers or Non-resident online service provider,  the state code is followed by 2 digit year, 3 digit country code and 5 digit serial number per year and another 3 alpha numeric digits . Sample GSTIN for Non-resident Foreign Taxpayers and Non-resident online service provider :

e.g. 0717USA12345NF1 

  • For UN Bodies, Embassies etc. and other notified persons, the term used is UIN. For the UIN, The state code is followed by two digit year, 3 digit country code and 5 digit serial number and another 3 digit of alpha numeric character. Sample UIN for Embassies, UN Bodies and other notified person etc.:

e.g. 0717AUS12345UN1

GSTN has also provided a facility to search the registered taxpayer at https://services.gst.gov.in/services/searchtp.

Recent Changes in GST


Update on GST Notifications released on October 18 and 23, 2017


  1. Refund in case of deemed exports can be applied by:
(a) the recipient of deemed export supplies; or
(b) the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund
  1. Relief to exporters to export beyond three months :
    GST Rates have been amended to provide that goods can be exported beyond three months from the date of issuance of invoice when allowed by Commissioner.
  1. Certain suppliers notified as deemed exports :
    Following supplies have been notified as deemed exports:
a. Supply of goods by a registered person against Advance Authorisation
b. Supply of capital goods by a registered person against Export Promotion Capital Goods Authorisation
c. Supply of goods by a registered person to Export Oriented Unit
d. Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance Authorisation.
  1. Documents to be produced by deemed exporter for refund : Documents have been notified which are to be produced by  supplier of deemed export supplies for claiming refund, which includes:
  1. Acknowledgment by the jurisdictional Tax officer of the Advance Authorisation holder or Export Promotion Capital Goods Authorisation holder, as the case may be, that the said deemed export supplies  have been received by the said Advance Authorisation or Export Promotion Capital Goods Authorisation holder, or a copy of the tax invoice under which such supplies have been made by the supplier, duly signed by the recipient Export Oriented Unit that said deemed export supplies have been received by it.
  2. An undertaking by the recipient of deemed export supplies that no input tax credit on such supplies has been availed of by him.
  3. An undertaking by the recipient of deemed export supplies that he shall not claim the refund in respect of such supplies and the supplier may claim the refund.
  1. Relief in case of supply of food for economically weaker sections : GST rate on food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government has been notified at 5%.  The rate is subject to further condition that when the supplier of such food preparations produces a certificate from an officer not below the rank of the Deputy Secretary to the Government of India or  the Deputy Secretary to the State Government or the Deputy Secretary in the Union Territory concerned to the effect that such food preparations have been distributed free to the economically weaker sections of the society under a programme duly approved by the Central Government or the State Government concerned, within a period of five months from the date of supply of such goods or within such further period as the jurisdictional commissioner of the Central tax or jurisdictional commissioner of the State tax, or jurisdictional officer of  the Union Territory Tax as the case maybe, may allow in this regard.
  1. Relief in case of supply of goods to exporters:  Registered Supplier when making supply of taxable goods to exporters shall be required to pay tax @0.1% (0.05% CGST + 0.05% SGST or 0.1%IGST) from GST provided following conditions are satisfied:
  1. the registered supplier shall supply the goods to the registered recipient on a tax invoice
  2. the registered recipient shall export the said goods within a period of ninety days from the date of issue of a tax invoice by the registered supplier
  3. the registered recipient shall indicate the Goods and Services Tax Identification Number of the registered supplier and the tax invoice number issued by the registered supplier in respect of the said goods in the shipping bill or bill of export, as the case may be
  4. the registered recipient shall be registered with an Export Promotion Council or a Commodity Board recognised by the Department of Commerce
  5. the registered recipient shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier
  6. the registered recipient shall move the said goods from place of registered supplier-
  1. directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; or
  2. directly to a registered warehouse from where the said goods shall be move to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported
  1. the registered recipient shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier
  2. if the registered recipient intends to aggregate supplies from multiple registered suppliers and then export, the goods from each registered supplier shall move to a registered warehouse and after aggregation, the registered recipient shall move goods to the Port, Inland Container Deport, Airport or Land Customs Station from where they shall be exported
  3. in case of situation referred to in condition (vii), the registered recipient shall endorse receipt of goods on the tax invoice and also obtain acknowledgement of receipt of goods in the registered warehouse from the warehouse operator and the endorsed tax invoice and the acknowledgment of the warehouse operator shall be provided to the registered supplier as well as to the jurisdictional tax officer of such supplier; and
  4. when goods have been exported, the registered recipient shall provide copy of shipping bill or bill of export containing details of Goods and Services Tax Identification Number (GSTIN) and tax invoice of the registered supplier along with proof of export general manifest or export report having been filed to the registered supplier as well as jurisdictional tax officer of such supplier
  5. The registered supplier shall not be eligible for the above mentioned exemption if the registered recipient fails to export the said goods within a period of ninety days from the date of issue of tax invoice.

By CA. Gaurav Gupta 

Relief to supplies made to exporters under GST

Relief to Suppliers of Taxable Goods when making supplies to registered exporters

Registered Supplier when making supply of taxable goods to exporters shall be required to pay tax @0.1% (0.05% CGST + 0.05% SGST or 0.1%IGST) from GST provided following conditions are satisfied:

  1. the registered supplier shall supply the goods to the registered recipient on a tax invoice.
  2. the registered recipient shall export the said goods within a period of ninety days from the date of issue of a tax invoice by the registered supplier.
  3. the registered recipient shall indicate the Goods and Services Tax Identification Number of the registered supplier and the tax invoice number issued by the registered supplier in respect of the said goods in the shipping bill or bill of export, as the case may be.
  4. the registered recipient shall be registered with an Export Promotion Council or a Commodity Board recognised by the Department of Commerce.
  5. the registered recipient shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier.
  6. the registered recipient shall move the said goods from place of registered supplier-
    1. directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; or
    2. directly to a registered warehouse from where the said goods shall be move to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported.
  7. the registered recipient shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier
  8. if the registered recipient intends to aggregate supplies from multiple registered suppliers and then export, the goods from each registered supplier shall move to a registered warehouse and after aggregation, the registered recipient shall move goods to the Port, Inland Container Deport, Airport or Land Customs Station from where they shall be exported
  9. in case of situation referred to in condition (vii), the registered recipient shall endorse receipt of goods on the tax invoice and also obtain acknowledgement of receipt of goods in the registered warehouse from the warehouse operator and the endorsed tax invoice and the acknowledgment of the warehouse operator shall be provided to the registered supplier as well as to the jurisdictional tax officer of such supplier; and
  10. when goods have been exported, the registered recipient shall provide copy of shipping bill or bill of export containing details of Goods and Services Tax Identification Number (GSTIN) and tax invoice of the registered supplier along with proof of export general manifest or export report having been filed to the registered supplier as well as jurisdictional tax officer of such supplier
  11. The registered supplier shall not be eligible for the above mentioned exemption if the registered recipient fails to export the said goods within a period of ninety days from the date of issue of tax invoice

 

Online Ewaybill generation in GST (Karnataka State)

Need to generate Eway Bill online in new Tax regime GST ( Goods and services Tax) in karnataka state

Step by step guide to Online Ewaybill generation in GST : 

Step 1 : Click on E-way Bill Registration

Step 2 : Enter your GST Number with capcha and click on Go button to generate One time password (OTP) to your registered mobile number.

Step 3 : After succesful validation of OTP, system will create username and password.

Step 4 : Once you got your user name and password, you may login to the karnatka e – Way Bill System portal.

Step 5 : After succesfully logged in you will see the following options through left sidebar :

  1. Eway bill
  2. Consolidated E-way bill
  3. Option to reject
  4. Reporting
  5. Masters – where you can create items, customers, products etc.
  6. User management
  7. Registration

Different way to generate E-way bill in GST : 

  1. Through Web
  2. Through SMS
  3. Through Mobile Application
  4. Through Bulk generation
  5. Through API
  6. Through Suvidha Provider

Step 6 : click on generate E-way bill and Click E-way Bill.

 

To Save ‘Make in India’, Fix GST for Small and Medium Businesses

On August 15, 2014, at the Red Fort in New Delhi in his maiden Independence Day speech, Prime Minister Narendra Modi announced his pet ‘Make-in-India’ scheme with much fanfare. “Come, make in India,” he said. “Come, make in India… Come, manufacture in India.”

In September 2014, the scheme was formally launched; it is one of the flagship programmes of the government. In India, however, where millions of micro and small enterprises form the backbone of the economy, ‘Make-in-India’ can only work when SMEs can operate successfully.

It is imperative to create an SME-friendly business environment. This includes having a simplified, easy-to comply-with tax regime that does not impose huge deadweight compliance costs, which in turn cripple the productive capacity of these small but vibrant enterprises.

Two major policy initiatives of the government – demonetisation and GST – appear to have crippled the SME sector. Demonetisation is done and cannot be undone. It is critical, however to at least fix GST so that the negative impact on SMEs is mitigated.

In an insightful article in the Financial Times, Amy Kazmin describes how “the GST is putting heavy pressure on informal businesses, most of which never fully recovered from last year’s demonetization. In the coming months, many are expected to shut up shop for good…”.

JP Morgan’s chief India economist Sajjid Chinoy has pointed to the disruption caused in the domestic supply chains of the manufacturing sector due to the impact of demonetisation on SMEs (which contribute up to 4% of manufacturing, by some estimates). Both GST and demonetisation are expected to have an impact on the informal sector, and the hope is that eventually SMEs turn to formalisation. But in the transition, what we have is an “adverse supply shock”, as Chinoy calls it.

Economic commentator Mihir Sharma, writing in Bloomberg, says that complying with GST has proved to be so complicated that even medium-sized companies are struggling. Small companies, “those who cannot afford to hire a tax accountant or get online daily may be forced to shut shop”.

I have some suggestions for fixing the GST for SMEs: one immediate administrative steps that must be taken now and policy proposals that need to be implemented in the medium-term.

Many countries across the world find ways to ease the administrative burden of compliance with the VAT/GST for SMEs. India would do well to adopt an appropriate mix of these ideas.

One common simplification measure is the less frequent filing of returns. Quarterly filing is used by several countries with varying levels of applicability based on turnover: in the Slovak Republic, it applies to businesses with turnover below $375,000. In Poland, the limit is < \$1 million, in Belgium it is <$1.3 million. In Canada, businesses with turnover <$430,000 qualify for annual filing with quarterly instalment payments; in Denmark semi-annual filing is offered.

Of course, in India simplification measures should apply to much lower turnover levels. In fact, I would recommend that any simplification measure should apply to all firms with turnovers below Rs 10,000,000. (BY 

Source : https://thewire.in/184096/make-in-india-gst-sme/

Differences between GSTR 3B and GSTR 3 and resolutions thereof

S.No. Situation Treatment
1. No Difference between Form 3B details and Form 1 and 2 details. Assessee can sign and submit FORM GSTR-3 without any additional payment of tax
2. Where the tax payable by a registered person as per FORM GSTR-3is more than what has been paid as per FORM GSTR-3B ‣   Common portal would show another instance of Table 12 for making additional payment of taxes.

‣   Additional amount can be paid by electronic cash or credit ledger

‣   Applicable interest on delayed payment of tax starting from 26th day of August, 2017 till the date of debit in the electronic cash or credit ledger

3. Eligible ITC as per Form 2 is less than that claimed in Form 3B Difference would be added to his output tax liability and shall have to be paid by him along with interest
4. Eligible ITC claimed in FORM GSTR-3B is less that the ITC as per FORM GSTR-2 Additional amount of ITC shall be credited to the electronic credit ledger on submission of FORM GSTR-3
5. Liability also increased and credit also increased Assessee can utilise additional credit to pay additional liability, however, interest liability for period post Aug 26, 2017 remains
6. Output tax liability as per FORM GSTR-1 and FORM GSTR-2 is less than the output tax liability as per FORM GSTR-3B ‣   The excess shall be carried forward to the next month’s return to be offset against the output liability of the next month
7. Simultaneous reduction in liability of output and available ITC Both shall be offset to the extent reduced and balance shall be exigible to suitable treatment as discussed above
8. Submission of GSTR-3B without payment of taxes ‣   Registered person shall be liable for payment of interest on delayed payment of tax starting from 26 Aug, 2017 till the date of payment

‣   Late fee not to be imposed of FORM GSTR-3B was submitted on or before the due date

9. Form 3B not submitted ‣   Taxpayer shall furnish the details in FORM GSTR-1 and FORM GSTR-2 and sign and submit the return in FORM GSTR-3

‣   Payment of interest on delayed payment of tax

‣   No late fee

 

Source : Circular No. 7/7/2017-GST dated on 01.09.2017

Authorised bank list for GST payment through RTGS/NEFT

Bank list for GST payment through RTGS/NEFT : 

  • Tamilnad Mercantile Bank Ltd
  • Telangana State Coop Apex Bank
  • Textile Traders Co-Operative Bank Limited
  • The A.P. Mahesh Cooperative Urban Bank Limited
  • The Akola District Central Cooperative Bank
  • The Andhra Pradesh State Cooperative Bank Limited
  • The Bank Of Nova Scotia
  • The Cosmos Co Operative Bank Limited
  • The Delhi State Cooperative Bank Limited
  • The Gadchiroli District Central Cooperative Bank Limited
  • The Greater Bombay Cooperative Bank Limited
  • The Gujarat State Cooperative Bank Limited
  • The Hasti Coop Bank Ltd
  • The Jalgaon Peopels Cooperative Bank Limited
  • The Kangra Central Cooperative Bank Limited
  • The Kangra Cooperative Bank Limited
  • The Karad Urban Cooperative Bank Limited
  • The Karanataka State Cooperative Apex Bank Limited
  • The Kurmanchal Nagar Sahakari Bank Limited
  • The Mehsana Urban Cooperative Bank
  • The Mumbai District Central Cooperative Bank Limited
  • The Municipal Cooperative Bank Limited
  • The Nainital Bank Limited
  • The Nasik Merchants Cooperative Bank Limited
  • The Navnirman Co-Operative Bank Limited
  • The Pandharpur Urban Co Op. Bank Ltd. Pandharpur
  • The Rajasthan State Cooperative Bank Limited
  • The Royal Bank Of Scotland N V
  • The Seva Vikas Cooperative Bank Limited
  • The Shamrao Vithal Cooperative Bank
  • The Sindhudurg District Central Co-Operative Bank Limited
  • The Surat District Cooperative Bank Limited
  • The Surath Peoples Cooperative Bank Limited
  • The Tamil Nadu State Apex Cooperative Bank
  • The Thane Bharat Sahakari Bank Limited
  • The Thane District Central Cooperative Bank Limited
  • The Varachha Cooperative Bank Limited
  • The Vishweshwar Sahakari Bank Limited
  • The West Bengal State Cooperative Bank
  • The Zoroastrian Cooperative Bank Limited
  • Tjsb Sahakari Bank Ltd
  • Tumkur Grain Merchants Cooperative Bank Limited
  • Uco Bank
  • Ujjivan Small Finance Bank Limited
  • Union Bank Of India
  • United Bank Of India
  • United Overseas Bank Limited
  • Utkarsh Small Finance Bank
  • Vasai Vikas Sahakari Bank Ltd
  • Vijaya Bank
  • Westpac Banking Corporation
  • Woori Bank
  • Yes Bank
  • Zila Sahakri Bank Limited Ghaziabad
  • Abhyudaya Cooperative Bank Limited
  • Abu Dhabi Commercial Bank
  • Ahmedabad Mercantile Cooperative Bank
  • Airtel Payments Bank Limited
  • Akola Janata Commercial Cooperative Bank Ltd.
  • Allahabad Bank
  • Almora Urban Cooperative Bank Limited
  • Andhra Bank
  • Andhra Pragathi Grameena Bank
  • Apna Sahakari Bank Ltd.
  • Au Small Finance Bank Limited
  • Australia And New Zealand Banking Group Limited
  • Axis Bank
  • B N P Paribas
  • Bandhan Bank Limited
  • Bank International Indonesia
  • Bank Of America
  • Bank Of Baharain And Kuwait Bsc
  • Bank Of Baroda
  • Bank Of Ceylon
  • Bank Of India
  • Bank Of Maharashtra
  • Bank Of Tokyo Mitsubishi Limited
  • Baramati Sahakari Bank Limited
  • Barclays Bank
  • Bassein Catholic Cooperative Bank Limited
  • Bharat Cooperative Bank Mumbai Limited
  • Bharatiya Mahila Bank Limited
  • Canara Bank
  • Capital Small Finance Bank Limited
  • Catholic Syrian Bank Limited
  • Central Bank Of India
  • Chinatrust Commercial Bank Limited
  • Citi Bank N A
  • Citizen Credit Cooperative Bank Limited
  • City Union Bank Limited
  • Commonwealth Bank Of Australia
  • Corporation Bank
  • Credit Agricole Corporate And Investment Bank
  • Credit Suisse Ag
  • Dbs Bank
  • Dcb Bank Limited
  • Dena Bank
  • Deogiri Nagari Sahakari Bank Ltd. Aurangabad
  • Deposit Insurance And Credit Guarantee Corporation
  • Deustche Bank
  • Development Bank Of Singapore
  • Development Credit Bank Limited
  • Dhanalakshmi Bank
  • Dmk Jaoli Bank
  • Doha Bank
  • Doha Bank Qsc
  • Dombivli Nagari Sahakari Bank Limited
  • Equitas Small Finance Bank Limited
  • Esaf Small Finance Bank Limited
  • Export Import Bank Of India
  • Federal Bank
  • Fino Payments Bank Limited
  • Firstrand Bank Limited
  • G P Parsik Bank
  • Gurgaon Gramin Bank
  • Hdfc Bank
  • Himachal Pradesh State Cooperative Bank Ltd
  • Hsbc Bank
  • Icici Bank Limited
  • Idbi Bank
  • Idfc Bank Limited
  • Idukki District Co Operative Bank Ltd
  • Indian Bank
  • Indian Overseas Bank
  • Indusind Bank
  • Industrial And Commercial Bank Of China Limited
  • Industrial Bank Of Korea
  • Ing Vysya Bank
  • Jalgaon Janata Sahakari Bank Limited
  • Jammu And Kashmir Bank Limited
  • Janakalyan Sahakari Bank Limited
  • Janaseva Sahakari Bank Borivli Limited
  • Janaseva Sahakari Bank Limited
  • Janata Sahakari Bank Limited
  • Jp Morgan Bank
  • Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited
  • Kalupur Commercial Co-Op Bank
  • Kalyan Janata Sahakari Bank
  • Kapol Cooperative Bank Limited
  • Karnataka Bank Limited
  • Karnataka Vikas Grameena Bank
  • Karur Vysya Bank
  • Keb Hana Bank
  • Kerala Gramin Bank
  • Kotak Mahindra Bank Limited
  • Krung Thai Bank Pcl
  • Laxmi Vilas Bank Ltd.
  • Mahanagar Cooperative Bank
  • Maharashtra Gramin Bank
  • Maharashtra State Cooperative Bank
  • Mashreqbank Psc
  • Mizuho Bank Ltd
  • Nagar Urban Co Operative Bank
  • Nagpur Nagarik Sahakari Bank Limited
  • National Australia Bank Limited
  • National Bank Of Abu Dhabi Pjsc
  • New India Cooperative Bank Limited
  • Nkgsb Cooperative Bank Limited
  • Nutan Nagarik Sahakari Bank Limited
  • Oriental Bank Of Commerce
  • Orissa State Cooperative Bank Bank Ltd
  • Paytm Payments Bank Limited
  • Pragathi Krishna Gramin Bank
  • Prathama Bank
  • Prime Cooperative Bank Limited
  • Pt Bank Maybank Indonesia Tbk
  • Punjab And Maharshtra Cooperative Bank
  • Punjab And Sind Bank
  • Punjab National Bank
  • Rabobank International
  • Rajgurunagar Sahakari Bank Limited
  • Rajkot Nagrik Sahakari Bank Limited
  • Ratnakar Bank Limited
  • Rbl Bank Limited
  • Reserve Bank Of India, Pad
  • Sahebrao Deshmukh Cooperative Bank Limited
  • Samarth Sahakari Bank Ltd
  • Saraswat Co-Operative Bank Ltd.
  • Satara District Central Co Op Bank Ltd
  • Sber Bank
  • Sbm Bank Mauritius Limited
  • Shikshak Sahakari Bank Limited
  • Shinhan Bank
  • Shivalik Mercantile Co Operative Bank Ltd
  • Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited
  • Societe Generale
  • Solapur Janata Sahakari Bank Limited
  • South Indian Bank
  • Standard Chartered Bank
  • State Bank Of India
  • State Bank Of Mauritius
  • Sumitomo Mitsui Banking Corporation
  • Surat National Cooperative Bank Limited
  • Suryoday Small Finance Bank Limited
  • Sutex Cooperative Bank Limited
  • Syndicate Bank

To Know all about GST Payment Process on GST Portal. Know how to Payment GST online  : Click Here