The GST Council meeting on July 21, 2018 reduced / rationalized the rate of tax on certain goods and services.         E Way Bill – Updated Bulk Generation Tool Released         Reverse Charge Exemption Extended till 30/09/2018         Extension of suspension of provisions relating to tax deduction at source (TDS) and collection of tax at source (TCS) till 30/09/2018.
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Recent Updates

CBIC - Circular issued on 09/08/2018

 

Clarification regarding applicability of GST rates on various goods and services.

Taxability of services provided by Industrial Training Institutes (ITI). 

CBIC - Notification issued on 10/08/2018

 

Govt notifies Due Dates for Filing of Form GSTR-1 from July to March 2019.

The due date for filing of GSTR 3B from July to March 2019 to be filed by 20th of Next Month

GST Amendment Bills, 2018

 

The Government has introduced in the Lok Sabha four bills to simplify filing of returns and compliance.

CBIC - Notification issued on 06/08/2018

 

Exemption from payment of tax under reverse charge on procurement from unregistered persons extended till 30/09/2019.

GST Council – Meeting on August 4, 2018

 

The GST Council meeting on August 4, 2018 discussed on the issues / hardships faced by Micro, Small & Medium Enterprises (MSME).

CBIC - Circular issued on 01/08/2018

 

CBIC withdraws Circular clarifying 5% GST on Catering Services to Hostel Mess and Railways.

CBIC exempts GST on Ambulance Services provided to Govt by Private Service Providers under National Health Mission (NHM).

ISD – GSTR-6 Due Date for July, 2017 to August, 2018 Extended

 

The time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6, for the months of July, 2017 to August, 2018 is extended till the 30th day of September, 2018.

 

 

 

Recent Advance Ruling

Gujarat AAR - Interest charged by Del Credere agent on loan exempt since charging of interest is not in relation to an underlying supply of goods.

 

Receipt of interest on loan extended by the Del Credere Agent is covered under Serial No. 27 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and hence exempt since the applicant does not supply any goods and the interest charged is not for delayed payment of consideration of any underlying supply.

West Bengal AAR - Sika Block Joining Mortar, being a non-refractory surfacing preparations, is classified under tariff item 3214.90.90

 

Sika Block Joining Mortar’, a ready to use grey cement based water resistant mortar for fixing AAC blocks, fly ash bricks etc and is a bonding compound used for joining masonry units like AAC blocks and fly ash bricks. It is a powder made pasty before use by adding water, and it hardens after application, enabling joining of the masonry units. It is applied with a trowel after cleaning the surface. After discussing the relative merits of classification under the rival entries the product Sika Block Joining Mortar, being a non-refractory surfacing preparations, was held to be classified under tariff item 3214.90.90 based on the general characteristics of such products as per the Explanatory Notes of the Tariff entries.

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