Leaf No: 87 Month : Jun - Jul Year : 2017

Greetings from Team SA!

  The President of India and the Prime Minister jointly launched a new indirect tax regime for India - the GST.

 Goods and Services Network (GSTN) has released a simple excel based template for uploading of invoices. 

 With the GST roll-out, as many as 22 States have removed check-posts 8 are in process of removal.

 Ministry of Food Processing Industries (MoFPI) has established a four member GST Facilitation Cell at its office to guide the industry about the new tax regime.

 25 banks have been integrated with the GST Common portal and will be providing e-payment and over the counter payment facilities as well as payment through NEFT/RTGS and credit/debit card.

 Amended Legal Metrology (Packaged Commodities) Rules, 2011 to be effective from January 1, 2018.

 Press release on Anti-profiteering.

 GST and Exports under Customs.

 GSTR-3B Return is now available on the Portal.

 Creation and saving of Outward Supplies Return (Form GSTR-1) are available on GST portal now. The data uploaded by Suppliers can be viewed by counter party in Form GSTR-2A.

 Webinar on GSTR 3B filing.

 Corrigendum to Notification No.16/2017-Central Tax dated 07.07.2017.

 Corrigendums to Notification Nos.01/2017, 02/2017 and 11/2017 of Union Territory Tax (Rate) dated 28.06.2017.

 Corrigendums to Notification Nos.01/2017 and 02/2017 of Compensation Cess (Rate) dated 28.06.2017.

 Aggregate Turnover 

 Margin Scheme 

 Advance Ruling 

 OIDAR Services 

 Composite & Mixed supply 

Advisory on Works Contract by Government of Kerala.

 Advisory on Transitional Credit under Kerala VAT.

 Amendment to CGST Rules, 2017 -Notification 17/2017-Central Tax.

 Corrigendums to Notification Nos.01/2017 and 02/2017 of Central Tax (Rate) dated 28.06.2017.

 Corrigendums to Notification Nos.01/2017, 02/2017, 04/2017 and 08/2017 of Integrated Tax (Rate) dated 28.06.2017.

 Time period for filing of details of outward supplies in FORM GSTR-1 for the months of July and August 2017 has been extended.

 Time period for filing of details of inward supplies in FORM GSTR-2 for the months of July and August 2017 has been extended.

 Time period for filing details in FORM GSTR-3 for the months of July and August 2017 has been extended.

 Date of filing FORM GSTR-3B for the months of July and August 2017 introduced.

 FAQ on Handicrafts

 FAQ on Mining

 FAQ on Drugs and Pharmaceuticals

 FAQ on E Commerce

 FAQ on Food Processing


 FAQ on Exports

 FAQ on Textiles

 'Cash management' as understood in common parlance would not embrace chit fund business .Chit fund business was not covered by sub-clause (v) of sub-section 12 of Section 65 even after its amendment by Finance Act, 2007 - impugned judgment of the Andhra Pradesh High Court affirmed - view taken by the Kerala High Court held to be erroneous and its judgment overruled - UoI V Margadarshi Chit Funds Pvt Ltd - 2017 TIOL 240 SC ST.

 A mere non-disclosure of information, when there is no obligation in law to furnish the same, will not amount to fraud or collusion or even willful misstatement and, hence, trigger the extended period of limitation - Micro Chem Products India Pvt Ltd V CESTAT - 2017 - TIOL - 1274 - HC - MAD - CX.

 Cross-examination of Customs officers cannot be denied on the ground that witnesses have not retracted their statements - Mulchand M. Zaveri V UOI – 2017 (52) STR 92 (Guj).

 Notwithstanding that the Settlement Commission’s order is conclusive in terms of statutory provisions, judicial review of same under Article 226 of Constitution permissible – HH Interior and Auto Components Ltd V CCE – 2017 (52) STR 98 (Del).

 Department clarification vide subsequent circular cannot supersede earlier circular without any change in legal position. Subsequent circular not binding on assessing officer – All India Association of Authorised Money Changers and Money Transfer Agents V UOI – 2017 (52) STR 243 (Bom).


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