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THE EDGE
TAX & LEGAL UPDATE
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Vol 1, Part 9
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Wednesday, Oct 25, 2017
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Weekly on GST, FSSAI, RERA & More...
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FROM EDITOR'S DESK
We extend warm Diwali wishes to all our readers. The difficulties faced by the tax consultants and Tax payers in filing GSTR-2 have still not been considered by the GST Council. No relief has been provided yet as the last date is approaching quickly. 31st October has been set as the deadlines with respect to returns under Income-Tax, GST, etc. and is a crucial date for the businessmen. The last date for return filing should be extended otherwise it would create a lot of ruckus. Working days were limited this month due to Diwali vacations, and it would be burdensome to finish all the tax compliance on time. Some relief has been given by waiving off the penalty for late filing of GSTR-3B for August & September. But as we are new to GST we are still getting accustomed to the procedure and compliance and the Government should consider that. We are grateful for your response and are taking note of all the suggestions being given.
Please contact us at contact@ghiya.in
PANKAJ GHIYA, ADVOCATE
Mobile: +91 98290 13626
TIMELINES
Upcoming due dates under GST & Income Tax Laws:
| GSTR-2 (July) |
31st Oct |
| GST TRAN-1 (Can be revised once) |
31st Oct |
| GST CMP-03 |
31st Oct |
| Income Tax - TDS Return |
31st Oct |
| IT Return for business and Audit Report (FY 2016-17) |
31st Oct |
| GSTR-3 (July) |
10th Nov |
| GSTR-4 (July-Sep, Composition Dealers) |
15th Nov (No need to file GSTR-4A) |
| GSTR-5A (OIDAR) |
20th Nov |
| GSTR-3B (Oct) |
20th Nov |
| GSTR-6 (July-Sep, Input Service Distributor) |
15th Nov |
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FORTHCOMING EVENTS
10th Nov 2017
The Society of Construction Law - 7th International Conference
Know More
2nd-3rd Dec 2017
AIFTP National Tax Convention at Jabalpur - To be inaugrated by Hon'ble Chief Justice of India
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MISCELLANEOUS
@AskGST_GoI tweets on FAQs:
Other Updates:
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Amended CGST Rules
Read More
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Late fee on filing of GSTR-3B for August and September has been waived.
Read More
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Excel Based GSTR-3B offline utility
Download
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Taxpayers' guide for avoiding rejection of invoices prepared using offline tool while trying to upload GSTR-2
Read More
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Clarification on Late Fees for late filing of GSTR-3B
Read More
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MCA issues Companies (Registered Valuers & Valuation) Rules, 2017 and notifies commencement of Section 247
Read More
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SEBI has issued a circular to notify the amendments to Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015
Read More
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Weekly Quiz
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RECENT PUBLICATIONS
GST Law & Practice, 4th Edition, Released at National Tax Conference, Kolkata by Hon'ble Mr. Justice A.K.Goel Judge, Supreme Court of India on 02.09.2017
Buy Now
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ITAT JUDGEMENTS
ACIT VS Mangalam Cement Ltd. & Mangalam Cement Ltd. Vs. ACIT dt. 13.09.2017
Counsel: Mr. P. C. Parwal
Cross Appeals filed. Issue: Disallowance of certain expenses. Department’s Appeal disallowed and Assessee’s Appeal partly allowed.
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ACIT VS. M/s Instrumentation Ltd., Kota dt. 25.09.2017
Counsel : Mr. P. C. Parwal
Issue: Deletion of additions made by disallowing contribution to P.F. u/s. 36(I)(va) and deletion of disallowance of claim for deduction of PF by AO u/s. 154 of the Act. Appeal of the Revenue dismissed.
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Bimanagar Co Op Housing Society Ltd. Vs. Income Tax Officer - 2017-TIOL-1433-ITAT-AHM
The income earned by assessee, in consideration of having given rights to have play hoardings, are taxable as income from house property. Accordingly, deduction u/s 24(a) was admissible.
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Anil Bishnoi Vs. ACIT 2017 Chandigarh Trib.
No denial of Sec. 54B relief merely because new property was purchased without registered sales deed.
Read More
RECENT AMENDMENTS
GST - CENTRAL TAX
Earlier GST Notifications
Notification No. 47/2017-Central Tax, dt. 18.10.2017
Regarding Tenth Amendment to the CGST rules, 2017.
Read More
Notification No. 48/2017-Central Tax, dt. 18.10.2017
Regarding certain supplies to be treated as deemed exports under section 147 of the CGST Act, 2017.
Read More
Notification No. 49/2017-Central Tax, dt. 18.10.2017
Regarding the evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017.
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GST - CENTRAL TAX (RATE) & INTEGRATED TAX (RATE)
Notification No. 39/2017-Central Tax (Rate), & Notification No. 40/2017-Integrated Tax (Rate) dt. 18.10.2017
Regarding reduction in GST rate on Food preparations put up in unit containers and intended for free distribution to E.W.S. of the society under a programme duly approved by the Central Government or any State Government.
CGST Notification
IGST Notification
Notification No. 40/2017-Central Tax (Rate), & Notification No. 41/2017-Integrated Tax (Rate) dt. 23.10.2017
Seeks to prescribe Central Tax rate of 0.05% on intra-State supply & Integrated Tax rate of 0.1% on inter-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions.
CGST Notification
IGST Notification
CGST - CIRCULARS & ORDERS
Circular No 9/9/2017- GST dt. 18.10.2017 vide F. No. 349/75/2017-GST
Authorized officer for enrollment of Goods and Services Tax Practitioner
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Circular No. 10/10/2017-GST dt. 18.10.2017 vide CBEC - 20/16/03/2017-GST
Clarification on issues wherein the goods are moved within the State or from the State of registration to another State for supply on approval basis
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Circular No. 11/11/2017-GST dt. 20.10.2017 vide F. No. 354/263/2017-TRU
Clarification on taxability of printing contracts
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Order-01/2017-Central Tax dt. 13.10.2017 vide F. No. 354/173/2017-TRU
To remove difficulties in implementing provisions of composition scheme.
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FSSAI
Notification dt. 18.10.2017
Gazette Notification of Food Safety Officers in Indian Railways in their respective area vide notification No. F. 1(42) 2011-(01)/Railways/FSSAI (Part- I) dated 29th Sept, 2017.
Read More
Notification dt. 20.10.2017
Gazette Notification of FSS (Food Products Standards and Food Additives) Fourteenth Amendment Regulations, 2017 regarding standards for Oils and Fats
Read More
CUSTOMS (NON-TARIFF)
Notification No. 96/2017-Cus (NT), dt. 18.10.2017
Notifying Exchange Rates
Read More
CENTRAL EXCISE
Notification No. 26/2017-CENT dt. 17-10-2017
Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for the purpose of deciding appeals pending as on 30th June 2017.
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ANTI-DUMPING DUTY
Notification No. 49/2017-Cus (ADD), dt. 17-10-2017
Seeks to impose definitive anti-dumping duty on the imports of "Color Coated/ Pre-Painted flat products of alloy or non-alloy steel" originating in or exported from China PR and European Union.
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Notification No. 50/2017-Cus (ADD), dt. 18-10-2017
Seeks to rescind notification No.34/2012-Customs (ADD) dated 03.07.2012, in supersession of notification No. 55/2016-Customs (ADD) dated 21.12.2016.
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Notification No. 51/2017-Cus (ADD), dt. 18-10-2017
Seeks to rescind notification No. 08/2013-Customs (ADD) dated 18.04.2013, in supersession of notification No. 56/2016-Customs (ADD) dated 21.12.2016.
Read More
COMPENSATION CESS (RATE)
Notification No. 06/2017-Compensation Cess (Rate),dt. 13-10-2017
Regarding amendment of notification No. 2/2017-Compensation Cess (Rate) regarding reduction in cess rates for leasing of motor vehicles purchased and leased prior to 01.07.2017.
Read More
Notification No. 07/2017-Compensation Cess (Rate),dt. 13-10-2017
Regarding compensation cess rate on the leasing of motor vehicles.
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FROM THE BENCH
GST
UOI & ANR Vs. Mohit Mineral Pvt. Ltd. dt. 22.09.2017: SC 2017-TIOL-01-SC-GST
Interim relief given by Delhi HC by allowing credit of Clean Energy Cess & directions of no coercive steps against the Assessee stayed by the Supreme Court.
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M/s. ASCICS Trading Company Vs. Assistant State Tax Officer dt. 04.10.2017 2017-TIOL-23-HC-KERALA-GST
Seizure of vehicle and goods by Revenue authorities. Held - Considering the provisions of Section 4 and Section 20 of the IGST Act and Section 6 of the CGST Act read with Rule 138 of the CGST Rules as amended by Notfn.No.27/2017-Central Tax, the Central Govt. had the power to prescribe the necessary documents to be carried while transportation of goods during inter-state trade - However, till date the Central Govt. had not notified the list of such documents - Moreover the State Govt. was not vested with the power to legislate upon the inter-state movement of gods in the course of trade - Hence the detention of the goods for not carrying the requisite documents was unsustainable in law: KERALA HC
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M/s. Jindal Dyechem Industries (P) Ltd. Vs. UOI dt. 11.10.2017 2017-TIOL-22-HC-DEL-GST
High Court directs that, in view of the aforementioned press release dated 6th October 2017, which prima facie makes no distinction as regards the Advance Authorisations (AA) issued prior to or after 1st July 2017, the Petitioner will not hereafter be required to pay IGST in respect of the imports of gold bars made by it in terms of the AAs issued to it - interim relief is granted subject to the Petitioner furnishing to the Respondent authorities a letter of undertaking that the clearance of the imported goods in terms of the AA will be subject to the final result of the present petition – Matter listed on 28 November 2017: DELHI HC
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CENTRAL EXCISE
Commissioner of Central Excise & Service Tax, Bangalore Vs. Karnataka Soaps & Detergents Ltd. dt. 12.10.2017
Agarbathi perfume is an excisable product classifiable as mixtures of fragrant chemicals.
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INCOME TAX
Jagannath Gupta Family Trust Vs. Commissioner of Income Tax (Exemptions), Kolkata dt. 18.09.2017
In case of charitable trust, mere fact that one donation received by it may be bogus would not establish that activities of trust were not genuine or that activities were not being carried out in accordance with objects of trust and, thus, its registration was required to be cancelled under section 12AA(3)
Read More
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एग्रीगेट टर्न ओवर (सकल आवर्त) - दीपक गर्ग, एडवोकेट
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जीएसटी के अंतर्गत प्रत्येक कराधेय व्यक्ति जिसके व्यापार का सकल टर्नओवर गत वित्त वर्ष में 20 लाख से अधिक हो, उसे जीएसटी के अंतर्गत पंजीकरण करवाना अनिवार्य होगा।
केन्द्रीय जीएसटी की धारा 2 की उपधारा 6 के अनुसार संकलित आवर्त अर्थात एग्रीगेट टर्नओवर में कराधेय व्यक्ति द्वारा दी जाने वाली सम्पूर्ण करयोग्य आपूर्ति, छूट प्राप्त अर्थात करमुक्त आपूर्ति, माल अथवा सेवा की एक्सपोर्ट आपूर्ति जो कि एक ही पेन नम्बर पर आधारित पंजीकरण से की गयी हो, को शामिल किया गया है। यहां पर यदि कराधेय व्यक्ति द्वारा जीएसटी की धारा 9 की उपधारा 3 अथवा उपधारा 4 (उपधारा 4 के प्रावधानों को 30.03.2018 तक स्थगित कर दिया गया है) के अंतर्गत किसी भी प्रकार का रिवर्स चार्ज की आपूर्ति ली जाती है एवं उस पर कराधेय व्यक्ति द्वारा कर दिया जाता है तो इस आपूर्ति को एग्रीगेट टर्नओवर में शामिल नहीं किया जायेगा एवं यहां पर इस बात का भी ध्यान रखना आवष्यक है कि यदि किसी कराधेय व्यक्ति द्वारा अलग-अलग राज्यों अथवा अलग-अलग वर्टिकल के आधार पर जीएसटी के अंतर्गत पंजीकरण लिया हुआ है एवं समस्त पंजीकरण एक ही पेन नम्बर पर आधारित तो सभी पंजीकरण का टर्नओवर एग्रीगेट टर्नओवर में शामिल होगा।
कम्पोजिषन का विकल्प चुनने के लिए एक करोड रूपये टर्नओवर की गणना करते समय सभी राज्यों का सकल आवर्त शामिल करना होगा, इसलिए कम्पोजिषन के लिए धारा- 10 में विषेषतः एग्रीगेट टर्नओवर को वर्णित किया गया है। अतः यदि किसी व्यवहारी का एग्रीगेट टर्नओवर इससे ज्यादा हो जाता है तो उसे कम्पोजिषन स्कीम के प्रावधान से बाहर होना पडेगा।
उदाहरण के तौर पर यदि एक व्यक्ति जो कि साधारण किसान है उसका खेती से संबंधित टर्नओवर 90 लाख रूपये सालाना है एवं एक अन्य व्यवसाय जिसमें करयोग्य माल अथवा सेवा की आपूर्ति भी कर रहा है जिसका टर्नओवर 15 लाख रूपये है। यहां उक्त व्यक्ति का कुल टर्नओवर एक करोड 5 लाख रूपये हो चुका है अर्थात उसे जीएसटी के अंतर्गत पंजीकरण करवाना आवष्यक होगा एवं उक्त व्यक्ति सीजीएसटी की धारा 10 के अंतर्गत कम्पोजिषन स्कीम का भी चुनाव नहीं कर सकता, क्योंकि उसका टर्नओवर एक करोड रूपये से अधिक है।
जीएसटी अधिनियम के अंतर्गत एग्रीगेट टर्नओवर की परिभाषा से यह भी समस्या उत्पन्न हो रही है कि यदि किसी कराधेय व्यक्ति द्वारा एक राज्य में व्यापार किया जा रहा है जिसका टर्नओवर के आधार पर जीएसटी के अंतर्गत पंजीकरण करवा रखा है एवं उसी कराधेय व्यक्ति द्वारा किसी अन्य राज्य में भी आपूर्ति की जा रही है तो उक्त व्यक्ति को उस राज्य में भी अपना पंजीकरण करवाना आवष्यक हो जायेगा जो कि एक समस्या भी है।
एग्रीगेट टर्नओवर में उन सभी मूल्यों को शामिल किया जायेगा जिसे व्यवहारी द्वारा आपूर्ति के समय सीजीएसटी की धारा 15 के अनुसार मूल्यांकन के लिए शामिल किया गया है एवं उक्त आपूर्ति पर सीजीएसटी की धारा 9 के अधीन कर जमा करवाने की जिम्मेदारी आ रही है, परन्तु यहां पर कराधेय व्यक्ति द्वारा अपने बीजक में शामिल किये गये केन्द्रीय कर, राज्य कर एवं एकीकृत कर को शामिल नहीं किया जायेगा।
अतः व्यवहारी को रजिस्ट्रेषन आदि से संबंधित प्रावधान एवं किस राज्य में रजिस्ट्रेषन लेना है अथवा नहीं, के साथ-साथ एग्रीगेट टर्नओवर को भी ध्यान में रखकर निर्णय लेना होगा। पूर्व में वैट व सर्विस टैक्स के अंतर्गत जो अलग-अलग टर्नओवर होते थे, वह नहीं रहेंगे तथा वस्तु एवं सेवा से संबंधित सभी ब्राहम्य आपूर्ति एग्रीगेट टर्नओवर में शामिल होगी।
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Editorial Team :
Meenal Ghiya, Priyamvada Joshi, Ankit Agrawal, Deepak Garg
Disclaimer: "The Edge" is meant for informational purpose only and does not claim to be advice or opinion, legal or otherwise, whatsoever. The information provided is not intended to create any advocate-client relationship and is not for advertising. The views expressed by the Author(s) are their personal views.
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