Notification No. | Notification Date | Subject | Description | ||
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Notification No. 49/2018 – Central Tax | 13.09.2018 | Notification amending the CGST Rules, 2017 (Tenth Amendment Rules, 2018) | The government has amended the CGST Rules, 2017 to notify the Form GSTR-9C for furnishing certified copy of audited annual accounts and a reconciliation statement in terms of Section 35(5) of the CGST Act, 2017 read with Rule 80(3) of the CGST Rules, 2017. GSTR 9C should be filed by the taxpayers whose annual turnover exceeds Rs 2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C. | ||
Notification No. 50/2018 – Central Tax | 13.09.2018 | Seeks to bring section 51 of the CGST Act (provisions related to TDS) into force w.e.f 01.10.2018 | The government has made the TDS provisions under Section 51 of the CGST Act,2017 effective from 1st October 2018. TDS provision has been made applicable with respect to persons specified under clauses (a), (b) and (c) of Section 51(1) and the persons specified below under clause (d) thereof, namely: a. an authority or a board or any other body, - (i) set up by an Act of Parliament or a State Legislature; or (ii) established by any Government, with fifty-one percent. or more participation by way of equity or control, to carry out any function; b. Society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860); c. public sector undertakings | ||
Notification No. 51/2018 – Central Tax | 13.09.2018 | Seeks to bring section 52 of the CGST Act (provisions related to TCS) into force w.e.f 01.10.2018 | The government has made the TCS provisions (Tax Collection at source) under Section 52 of the CGST Act,2017 effective from 1st October 2018. | ||
Circular No. | Circular Date | Subject | Description |
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Circular No. 64/38/2018-GST | 14.09.2018 | Modification of the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances, as clarified in Circular Nos. 41/15/2018-GST dated 13.04.2018 and 49/23/2018-GST dated 21.06.2018 - regarding | In case a consignment of goods is accompanied with an invoice or any other specified document and also an e-way bill, proceedings under section 129 of the CGST Act may not be initiated, inter alia, in the following situations:
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Circular No. 65/39/2018-DOR | 14.09.2018 | Guidelines for Deductions and Deposits of TDS by the DDO under GST | The CBIC has issued this circular to provide guidelines for deposit and deduction of the TDS by drawing and disbursing officer under GST. For payment process of Tax Deduction at Source under GST two options can be followed, which are: Option I – [Individual Bill-wise Deduction and its Deposit by the DDO] In this option, the DDO will have to deduct as well as deposit the GST TDS for each bill individually by generating a CPIN (Challan) and mentioning it in the Bill itself. Option II – [Bunching of deductions and its deposit by the DDO] Option-I may not be suitable for DDOs who make large number of payments in a month as it would require them to make large number of challans during the month. Such DDOs may exercise this option wherein the DDO will have to deduct the TDS from each bill, for keeping it under the Suspense Head. However, deposit of this bunched amount from the Suspense Head can be made on a weekly, monthly or any other periodic basis. |
Circular No. | Circular Date | Subject | Description |
Order No. 4/2018-GST | 17.09.2018 | Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases | Taxpayers who were not able to submit the declaration in Form GST TRAN-1 by the due date on account of technical difficulties on the common portal and whose cases have been recommended by the council can now submit their declaration till 31st January 2019. |
4. The AAR Karnataka has given a ruling in an application filed by M/s Emerge Vocational Skills Private Ltd. wherein the applicant was a private limited company engaged in providing specified educational services in the field of Hotel Management. The applicant was also an approved training partner to the National Skill Development Corporation of the Government of India.
5.The issue was whether the services provided by the applicant in affiliation to specified universities and providing degree courses to students under related curriculums are exempt from Goods and Services Tax vide entry no. 66 of the Notification No. 12/2017 - Central Tax dated 28.06.2017?
GST Return due dates for the month of Sep’2018 | |
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Return Type | Due Date |
GSTR 1 Monthly | 11th Sep'2018 |
GSTR 3B | 20th Sep'2018 |
GSTR-6 for July’17 to June’18 | 30th Sep’2018 |
Quarterly Return for a registered person with an aggregate turnover upto Rs. 1.50 crores | |
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Return Type | Due Date |
GSTR 1 ( July-Sep’18) | 31st Oct'2018 |
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