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Category: GST Tips

GST TIP – 450

Public conveyance has also been included as a mode of transport and the responsibility of generating e-way bill in case of movement of goods by public transport would be that of the consignor or consignee.

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GST TIP – 448

As per Circular No. 05/2018-Customs, the exporters have to fill the Table 6A of the GSTR – 1 with correct details like the Invoice number, Taxable value, IGST paid, Shipping Bill number, Shipping Date and Port Code. If the above values are missing or not matching the refund application will not be processed.

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GST TIP – 447

As per Circular No. 05/2018-Customs, Exporters have to file GSTR 3B with taxable value for export and IGST paid against exports indicated in appropriate fields before filing of the application for the refunds by the taxpayer under GST.

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GST TIP – 446

As per the new features released in the GSTN portal, at the time of utilization of the input tax credits, if there is any shortage of the input tax credit, the challan will be created directly with the amount of the tax payable by the taxpayer.

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GST TIP – 445

As per Circular No 35 dated 5 th March 2018, there is no change in the levy on services supplied by member of an unincorporated joint venture (JV) to the JV or to other members of the JV, or by JV to the members, essentially remains the same as it was under service tax law.

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GST TIP – 444

As per Circular No 34 dated 1 st March 2018, the services provided by DISCOMS such as application fee for releasing connection of electricity, rental charges on meters, testing fee on meters, capacitors or transformers, labor charges, charges collected for issue of duplicate bill are considered as taxable supplies and GST is to be levied […]

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GST TIP – 443

As per Circular No 34 dated 1 st March 2018, clarifies that Priority Sector Lending Certificates are not classified as securities, therefore GST is applicable on the same and ITC can be claimed accordingly.

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GST TIP – 442

As per Circular No 34 dated 1 st March 2018, retreading of tyres is classified as composite supply and basis on the principal supply it will be classified as supply of good or services.

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GST TIP – 441

As per Circular No 34 dated 1 st March 2018, bus body building is considered as Composite Supply and based on the contract to contract, the principal supply is to be determined and basis on which GST will be determined as supply of goods or services.

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GST TIP – 439

As per the new features released in the GSTN portal thee is no need for the submission of the GSTR – 3B before filing, it can be filed directly.

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