GST UPDATES

38th Meeting of the GST Council, New Delhi (18.12.2019) – GSTR 9, 9C date extended to 31.01.2020, Waiver of late fee for filing of GSTR 1 from July,17 to Nov,19 and many more amendments.

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38th Meeting of the GST Council, New Delhi 18 December, 2019 *** PRESS RELEASE (Law and Procedure related changes)   In the 38th meeting of the GST Council held on 18.12.2019, the GST Council recommended the following:   Grievance Redressal Committees (GRC) will be constituted at Zonal/State level with both CGST and SGST officers and […]

38th Meeting of the GST Council, New Delhi (18.12.2019) – GSTR 9, 9C date extended to 31.01.2020, Waiver of late fee for filing of GSTR 1 from July,17 to Nov,19 and many more amendments. Read More »

GSTR-9 &GSTR -9C more simplified &last dates of submission extended – For F.Y. 2017-18 date extended to 31.12.2019 and For F.Y. 2018-19 date extended to 31.03.2020

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The Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these forms by making various fields of

GSTR-9 &GSTR -9C more simplified &last dates of submission extended – For F.Y. 2017-18 date extended to 31.12.2019 and For F.Y. 2018-19 date extended to 31.03.2020 Read More »

Clarification regarding GST rates & classification (goods) – Circular No. 113 dated 11.10.2019

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Representations have been received seeking clarification in respect of applicable GST rates on the following items: (i) Classification of leguminous vegetables such as grams when subjected to mild heat treatment (ii) Almond Milk (iii) Applicable GST rate on Mechanical Sprayer (iv) Taxability of imported stores by the Indian Navy (v) Taxability of goods imported under

Clarification regarding GST rates & classification (goods) – Circular No. 113 dated 11.10.2019 Read More »

GST on license fee charged by the States for grant of Liquor licences to vendors. Circular No. 121/40/2019 dated 11.10.2019

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Services proved by the Government to business entities including by way of grant ofprivileges, licences, mining rights, natural resources such as spectrum etc. against payment of consideration in the form of fee, royalty etc. are taxable under GST. Same was the position under Service Tax regime also with effect from 1st April, 2016. Tax is required

GST on license fee charged by the States for grant of Liquor licences to vendors. Circular No. 121/40/2019 dated 11.10.2019 Read More »

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017 Circular No. 120/39/2019 dated 11.10.2019

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Representations have been received to amend the effective date of notification No.17/2018-CTR dated 26.07.2018 whereby explanation was inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) to the effect that for the purpose of the said entry, the activities or transactions under taken by Government and Local Authority are excluded from the term ‘business’. 2.The matter

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017 Circular No. 120/39/2019 dated 11.10.2019 Read More »

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 – Circular No. 119/38/2019 Dated 11.10.2019

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Trade has requested clarification on whether the supply of securities under Securities Lending Scheme, 1997 (“Scheme”) by the lender is taxable under GST. 2.Securities and Exchange Board of India (SEBI) has prescribed the Securities Lending Scheme, 1997 for the purpose of facilitating lending and borrowing of securities. Under the Scheme, lender of securities lends to

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 – Circular No. 119/38/2019 Dated 11.10.2019 Read More »

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry- Circular No. 118/37/2019 dated 11.10.2019

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Various representations have been received from trade and industry seeking clarification on determination of place of supply in case of supply of software/design services by a supplier located in taxable territory to a service recipient located in nontaxable territory by using the sample hardware kits provided by the service recipient. It is stated that a

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry- Circular No. 118/37/2019 dated 11.10.2019 Read More »

Clarification on applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training Institutes of India Circular No.117 dated 11.10.2019

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A representation has been received regarding applicability of GST exemption to the Directorate General of Shipping approved maritime courses conducted by the Maritime Training Institutes of India. The same has been examined and following is clarified. Under GST Law, vide Sl. No. 66 of the notification No. 12/2017- Central Tax (Rate) dated 28.06.2017, services provided

Clarification on applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training Institutes of India Circular No.117 dated 11.10.2019 Read More »

Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts from individual donors- Circular No. 116 dated 11.10.2019

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Representations have been received seeking clarification whether GST is applicable on donations or gifts received from individual donors by charitable organisations involved in advancement of religion, spirituality or yoga which is acknowledged by them by placing name plates in the name of the individual donor. The issue has been examined. Individual donors provide financial help

Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts from individual donors- Circular No. 116 dated 11.10.2019 Read More »

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