PRESS RELEASE New Delhi, dated: 10.03.2018 26th Meeting of the GST Council Subject: Extension of tax exemptions for exporters for six months Sending a strong positive signal to the exporting community, the Council today decided to extend the available tax exemptions […]
GST (GOODS AND SERVICES TAX) Refunds Situations Leading to Refund Claims The relevant date provision embodied in Section 54 of the CGST Act, 2017, provision contained in Section 77 of the CGST Act, 2017 and the requirement of submission of relevant documents as listed in Rule 1(2) of Refund Rules is an indicator of the […]
CHEMEXCIL Basic Chemicals, Cosmetics & Dyes Export Promotion Council (Set-up by Ministry of Commerce and Industry, Govt of India) Jhansi Castle 4th Fl., 7 Cooperage Road, Mumbai – 400 001.India. Tel : +91 22 22021288 / * Fax : +91 22 22026684 * E-mail : [email protected] Web : https://chemexcil.in —————————————————————————— IGST Refund GST Portal Advisory […]
Have the procedures relating to exports by manufacturer exporters been simplified in GST regime? Answer: Yes. The procedures relating to export have been simplified so as to do away with the paper work and intervention of the department at various stages of export. The salient features of the scheme of export under GST regime are […]
The supplies of goods by a registered person to EOUs etc. would be treated as deemed exports under Section 147 of the CGST Act, 2017 (hereinafter referred to as ‘the Act’) and refund of tax paid on such supplies can be claimed either by the recipient or supplier of such supplies. Accordingly, Notification No. 48/2017-Central […]
Scrutiny and Assessment relating to Gold-Kerala VAT 2018 Government have set up the target of 25% revenue growth this financial year. It is observed that the revenue work progress is slow. Time and again Government has informed to take strategic actions to improve revenue by identifying potential areas and completing the priority cases. The Gold […]
Kerala VAT Scrutiny- Guidelines for planning collection of Data The Government has given instructions to complete the back log VAT works and ensure improved revenue performance. The Department has developed the SCRUTINY MODULE to do the scrutiny and assessments efficiently as per the law, without any errors. In order to facilitate planning for collection […]
1.E-Way Bill under GST E-way bill is an electronic document generated on the GST portal evidencing movement of goods. It has two Components- Part A comprising of details of GSTIN of recipient, place of delivery (PIN Code), invoice or challan number and date, value of goods, HSN code, transport document number (Goods Receipt Number or […]
ITC is not available in some cases as mentioned in section 17(5) of CGST Act, 2017. Some of them are as follows: a. motor vehicles and other conveyances except under specified circumstances. b. goods and/or services provided in relation to:. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, except under […]
There are 21 offenses under GST. We have mentioned a few here. For the entire list of 21 offenses please go to our main article on offenses. The major offenses under GST are: 1. Not registering under GST, even though required by law. (Read our article for the list of those who have to register […]
