Month: August 2017

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CBEC Advisory on GSTIN / PAN and Invoice information in Shipping Bill

1. Quoting GSTIN in Shipping bill is mandatory if the export product attracts GST for domestic clearance.

2. Quoting PAN (Permanent Account Number), which is authorized as Import Export code by DGFT, would suffice if the exporter exclusively deals with products which are either wholly exempt from GST or out of GST regime. Continue reading “CBEC Advisory on GSTIN / PAN and Invoice information in Shipping Bill”

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CCTV Cameras be installed in ITAT, Cestat says Supreme Court direction dt 14/08/2017in Pradyuman Bisht

Pradyuman Bisht Vs UOI (Supreme Court of India)

Writ Petition(s)(Criminal) No(s). 99/2015

Date of Judgement/Order : 14/08/2017

“………………….9. We asked learned Additional Solicitor General as to why the Union of India has not so far installed CCTV cameras in Tribunals where open hearing takes place like Court such as ITAT, CESTAT etc. as the tribunals stand on the same footing as far as object of CCTV camera are concerned. He is unable to dispute the utility and requirement of doing so and we see no reason why this should not be done. Recordings will help the constitutional authorities and the High Courts exercising jurisdiction under Articles 226 and 227 of the Constitution over such Tribunals. We, therefore, direct that this aspect may now be taken up by learned Additional Solicitor General with the concerned authorities so that an appropriate direction is issued by the concerned authority for installation of CCTV cameras in Tribunals in same manner as in Courts and an affidavit filed in this Court………………………………….”

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CBEC Chairman asks to list out all GST related issues requiring intervention of CBEC:Letter dt 25/08/2017

Government of India,  Ministry of Finance,  Department of Revenue,  Central , Board of Excise & Customs,  North Block, New Delhi – 110 001
Tel. : +91-11-23092849, Fax : +91-11-23092890
E-mail : chmn-cbec@nic.in

DO.No.24/CH(EC)/2017

 Dated 25th August, 2017
“…………………………..I am aware that there are a few instances of procedural difficulties and system glitches hampering the transition process of GST. In this regard, I would like to request you to list out all such issues that needs Board’s intervention. You may like to go through my letter dated 23rd August, 2017 and do the needful urgently as per the indicated timelines………………………”
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Check Posts abolished 22 states and about to be abolished in 8 other states as per Press Release dated 03-07-2017

The Goods and Services Tax (GST) was rolled out on 1st of July 2017. With the roll out of the GST, 22 states in India have abolished their check posts. The details are as under –

1. Andhra Pradesh 2. Arunachal Pradesh 3. Bihar 4. Gujarat 5. Karnataka 6. Kerala 7. Madhya Pradesh 8. Maharashtra 9. Sikkim 10. Tamil Nadu 11. West Bengal 12. Chhattisgarh 13. Delhi 14. Goa 15. Haryana 16. Jharkhand 17. Odisha 18. Puducherry 19. Rajasthan 20. Telangana 21. Uttar Pradesh 22. Uttarakhand

States where check posts are in the process of being abolished 1. Assam 2. Himachal Pradesh 3. Manipur 4. Meghalaya 5. Nagaland 6. Punjab 7. Mizoram 8. Tripura

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Selling of Space for advertisement in print media by Advertising Agency: Clarification dt 23-08-2017

  1. Selling of space for advertisement in print media is leviable to GST @ 5%
  2. If advertisement agency works on Principal to Principal basis: If the advertisement agency works on principal to principal basis, that is, buys space from the newspaper and sells such space for advertisement to clients on its own account, that is, as a principal, it would be liable to pay GST @5% on the full amount charged by advertisement agency from the client.  E.g. The news agency buys space of Rs. 100 at discount of Rs. 15 for Rs. 85 and sells it to customer at Rs. 100. In this case, advertisement agency shall be charged GST on Rs. 85 @ 5% = Rs. 4.25, and shall also pay GST @ 5% on Rs. 100 = Rs. 5
  3. If the advertisement agency works as agent of newspaper: On the other hand, if the advertisement agency sells space for advertisement as an agent of the newspaper on commission basis, it would be liable to pay GST@ 18% on the sale commission it receives from the Newspaper. ITC of GST paid on such sale commission would be available to Newspaper.
  4. Where advertisement agency works as agent, the billing shall be done by newspaper to the customer on Rs. 100 @ 5% and ITC paid to advertisement agency @ 18% on Rs. 15 shall be utilized.
  5. However, if the advertisement agency supplies any service other than selling of space for advertisement, such as designing or drafting the advertisement, and such supply is not a part of any composite supply, the same would be liable to tax @18%. If such supplies are part of any composite supply, the rate applicable for the principal supply shall apply.

 

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Press Release for Guidance of Tax payers dt 25/08/2017

To guide taxpayers in relation to GST matters, CBEC has issued a range of frequently asked questions related to GST law, procedures, tax rates, specific industry or sector. The information is available on CBEC GST portal http://cbec-gst.gov.in under Services section. Taxpayers can search for information using key words or a topic like Textiles, Restaurants, Composition levy scheme, Registration procedure, Return filing, Job work, input tax credit etc. For any further information taxpayers may reach out to CBEC twitter handle, or help at cbecmitra.helpdesk@icegate.gov.in or 1800-1200-232. Taxpayers may also look for latest information on GST at CBEC portals cbec.gov.in and cbec-gst.gov.in.