GST Decisions 2019

Impact of GST and Demonetization on MSME No Madam. GST has been implemented in the country successfully with effect from 01.07.2017. It has benefited all sectors of the economy including the MSMEs. Based on the representations and feedback received, the GST Council has undertaken various decisions from time to time to alleviate the concerns raised […]

GST Reverse Charge Mechanism The legal provisions pertaining to payment of tax on reverse charge basis are contained in sub-sections (3) and (4) of section 9 of the Central Goods and Services Tax Act, 2017 (CGST Act for short) and sub-sections (3) and (4) of section 5 of the Integrated Goods and Services Tax Act, […]

GST Exemption to Central Police Canteen (CPCs) There is no such proposal for making any statutory rules for Central Police Canteen (CPC). However, it is submitted that CPC is a non-profit, welfare-oriented venture for providing good quality daily need products at cheaper prices to serving and retired members of Central Armed Police Forces (CAPFs) and […]

GST Cess For providing compensation to the states The GST rates and cess are prescribed on the basis of recommendations of the GST Council as made from time to time. GST Council, while making recommendation takes into account the request/representation of stakeholders. GST collection in the current FY (2018-19) has been showing improvement compared to […]

Alleged Harassment by GST Personnel No Madam. No Madam. The GST Identification Number (GSTIN) is not automatically blocked in case of irregular filing of GST return. Yes Madam, The Goods and Service Tax Council (GSTC) in its 28th meeting held on 21st July, 2018 had recommended furnishing of quarterly return with monthly payment of taxes […]