Newsletter

As per the News flash on GSTN portal, the Due date for GSTR-3B for the month of July 2018 has been extended from 20 Aug 2018 to 24 Aug. 2018.

However, an official Circular/ Notification to this effect is yet to be issued by CBIC.

AAR has held that transaction of transfer of business as a whole in the nature of a going concern amounts to supply of service attracting GST at NIL rate

However, the AAR does not provide any clarity on need for reversal of Input Tax Credit pertaining to such transfer.

An application was filed before Karnataka AAR to determine if the services provided by employee in one location for managing other locations would be taxable under GST or not.

The AAR observed that such services would represent supply between distinct persons and would fall outside the scope of employer-employee relation

Such a view is likely to impact a lot of taxpayers and trigger litigation since it is a common practice to have a centralised management and support team, irrespective of number of offices / registrations in other states

An application was made before the AAR to determine if the activity undertaken by application would classify as zero-rated supply even when the same is not classified as authorised operations by the proper officer of the SEZ.

The AAR has held that  even in the event of the IGST Act not explicitly using the term "authorised operations" in Section 16(1)(b), it is implicit that the supply of goods or services or both described in Section 16(1)(b) have to be read as in relation to authorized operations. 

CBIC notifies the time limit to file GSTR 1 for filing monthly return (i.e taxpayer with aggregate turnover more than 1.5 crore) till 11th of next month.

Also due date to file GSTR 1 for filing quarterly return (i.e taxpayer with aggregate turnover upto 1.5 crore) have been provided as the last date of month following the end of quarter.

Further, the CBIC also clarifed that GSTR-3B would continue to be filed till March 2019 and due date shall be 20th of next month for payment as taxes as well as filing GSTR-3B.

Finance Ministry issues clarification on GST rate of 11 items including fortified milk, bus body building disc brake pad etc.

In line with clarification released by CBIC in the FAQ released at the time of GST migration, the Maharashtra Appellate Authority of Advanced Ruling has upheld an order passed by the AAR denying the transitional credit of Krishi Kalyan Cess (KKC) being carry forward to GST

With a view to resolve the pending issues faced by the taxpayer, at the time of migration of registration to GST, the Government announces a special procedure to assist such taxpayers in completing their migration. 

Given the complexities surrounding the payment of GST on reverse charge basis on purchases from Unregistered dealers, the Government has provided relief to all taxpayers by deferring compliance to such RCM payment till 30 September 2019

The 29th GST Council Meeting was held on 04th August 2018 in New Delhi wherein, the Government has recommended about incentivising digital payments thru Bhima App, RuPay Card, etc. and to constitute a new panel/ sub-committee for reviewing issues of MSMEs and Small traders relating to GST law/ rates/ refunds