GST New

The Central Government vide N NO. 01/2019-CT(R) dated 29th January, 2019 has rescind the N.No. 8/2017-CT (R) dated the 28th June, 2017 which exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon.

Therefore, from 1st Feb, 2019 such transaction has become taxable in the hands of recipient.

Comment: However, as per CGST Amendment Act, 2018, Govt. by notification specify a class of registered persons who shall, in respect of supply of specified categories of goods or services or both received from an unregistered supplier, pay the tax on reverse charge basis as recipient of such supply of goods or services or both whereas no notification in this regard has been issued yet therefore, no tax will be liable on such transactions until any notification specifying categories of goods or services or both come into force.

https://www.youtube.com/watch?v=4vzEaBwif3o

Now Security Services is under Reverse Charge.01.01.2019 से Security Services लेने पर देना पड़ेगा RCM CA Rajesh Kumar Khandelwal

https://youtu.be/QrOc1Ij_bzA

Recent Amendments in ITC - Input tax credit now available till 31 march 2019 ITC credit relating to F/Y 2017-18 pending to be availed till 30 sep 2018, now elible to avail 31-03-2019

Key Outcomes of 32nd GST Council Meeting held on January 10, 2019 at New Delhi

Increase in threshold limit for supplier of goods from Rs 20 Lakhs to Rs 40 Lakhs

Notification no. 74/2018-Central tax dated 31st December 2018

E-way bill related amendments
Furnishing of information in PART A in FORM GST EWB-01 will not be allowed if :
• registered person paying tax u/s 10 has not furnished its return for two consecutive tax periods;
• other registered person has not furnished its returns for two consecutive months.

The Commissioner may on sufficient cause being shown, allow furnishing of such information in PART A of FORM GST EWB-01.

A reasonable opportunity of being heard shall be given to such person before rejecting his request for furnishing the required information.

RCM related amendments in GST applicable from 01.01.2019
GST is to be paid for the following services under RCM:
a) Services provided by business facilitator to a banking company
b) Services provided by an agent of business correspondent to business correspondent.
c) Security services provided to a registered person.

All returns in FORM GSTR-1&FORM GSTR-3B have to be filed before filing of FORM GSTR-9&FORM GSTR-9C;

Taxpayers who have not filed the returns for two consecutive tax periods shall be restricted from generating e-way bills. This provision shall be made effective once GSTN/NIC make available the required functionality.

यह सुचना उन व्यक्तियों के लिए हे जो GST में रजिस्टर्ड हे. यदि GST में रजिस्टर्ड किसी व्यक्ति ने अपनी GST की GSTR-3B या GSTR-1 (एक या एक से ज्यादा महीनों की ) फाइल नहीं करी हे तो तुरन्त फाइल कर दें. क्योंकि अगर आप फाइल नहीं करते हें तो GST Department आपके बैंक को एक नोटिस देकर, आपके बैंक अकाउंट को attach कर देगा.

The way 9 and 9C is being postponed, it may become a reality that it does not see the light of the day for FY 1718

Question 6: Whether it is required to generate EWB in case of movement of empty containers?

Solution 6 : Exemption has been granted by way of N/N 12/2018 which provides that a registered person is not required to generate an EWB where the empty cargo containers are being transported. This exemption may be applicable in case of transportation of empty bins and containers which are returned to the original supplier by customer.