BK ASSOCIATES: GST 38 Council मीटिंग में हुए कुछ निर्णय ।

BK ASSOCIATES: GST 38 Council मीटिंग में हुए कुछ निर्णय ।: GST Council मीटिंग में हुए कुछ निर्णय। (1 ) अभी तक GSTR 1 रिटर्न को due date पर फाइल नहीं करने पड़ लेट फी का प्रावधान तो था मगर माँगा नहीं...

GST 38 Council मीटिंग में हुए कुछ निर्णय ।

GST Council मीटिंग में हुए कुछ निर्णय।

(1 ) अभी तक GSTR 1 रिटर्न को due date पर फाइल नहीं करने पड़ लेट फी का प्रावधान तो था मगर माँगा नहीं जाता था | अब कहा गया है की अगर सारे पेंडिंग रिटर्न्स 10/01/2020  तक फाइल कर दिए जायेंगे तो लेट फी नहीं लगेगी | लेकिन उसके बाद फाइल करेंगे तो भारी भरकम लेट फी लगेगी क्योंकि जो कहा गया है उसके अनुसार यही समझ आता है की यह GSTR 1 Late Fee Waiver Scheme है  जहाँ due date को एक्सटेंड नहीं किया गया है |

(2 ) अब GSTR 3B रिटर्न ही नहीं लगातार 2 महीने तक GSTR 1 रिटर्न फाइल नहीं करने पर भी ई वे बिल का जेनेरशन नहीं होगा |

(3) FY 2017-18 के GST Annual Return (GSTR 9) और GST Audit (GSTR 9C) को फाइल करने की तारीख को 31/01/2020 तक बढ़ा दिया गया है |

(4) अभी जो नियम है, उसके अनुसार अगर आप जो इनपुट क्रेडिट अवैल करना चाहते है और GSTR 2A में जो इनपुट दिखा दे रहा है, उसका reconciliation करना होता है और अगर GSTR 2A में इनपुट क्रेडिट कम रिफ्लेक्ट कर रहा होता है, तो जो दिख रहा है, उसमे जो eligible credit है, उसका आप अधिकतम 120% तक इनपुट क्रेडिट ले सकते है | अब इस लिमिट को और घटाकर 110% कर दिया गया है|

(5) Fake Invoice से इनपुट क्रेडिट पर लगाम लगाने के लिए और GSTR 3B रिटर्न समय पर लगाने के लिए , टैक्स कलेक्शन बढ़ाने के लिए जीएसटी अफसर को SOP और instruction दिए जायेंगे | यानि आने वाले समय में अफसर और नोटिस का आना बढ़ेगा और जीएसटी कंप्लायंस साथ साथ नहीं दिखा पाना परेशानी का सबब बनेगा |

(6) Lottery पर जीएसटी की यूनिफार्म रेट 28% कर दी गयी है |

(7) Woven और Non Woven Bag, पॉलीथीन के बोरे, पॉलीप्रोपाइलीन स्ट्रिप्स जिनका HSN (3923 / 6305) है, भले ही लैमिनेटेड हो या नहीं हो, उस पर जीएसटी की यूनिफार्म रेट 18% कर दी गयी है |

(8) इंडस्ट्रियल प्लाट जिसमे सरकार की हिस्सेदारी 20% या उससे अधिक है, उस प्लाट को लम्बे समय के लिए लीज पर देने पर जो Upfront Amount का पेमेंट करना होता है, उस पर जीएसटी नहीं लगेगा |

Blocking and Unblocking of EWB generation facility at E-way Bill Portal 03/12/2019

1. Blocking of EWB generation facility: Blocking/unblocking of EWB generation facility has been implemented on EWB Portal from 2nd December, 2019.
   1. Meaning of blocking: The blocking of E Way Bill generation facility means disabling taxpayer from generating E Way Bill (EWB), in case of non-filing of 2 or more consecutive GSTR 3B Return on GST Portal.
      Example: Taxpayers who have not filed their GSTR-3B return for the months of September 2019 and October 2019, their EWB generation facility is blocked from 2nd December, 2019.
   2. For GSTINs whose EWB generation facility is blocked, EWB can’t be generated either by the taxpayer or by their counterparty (whether as supplier or recipient) or the transporter.
2. Effect on already generated EWB: In case of blocked GSTINs, EWBs already generated and facilities in respect of these EWBs such as updating the vehicle or transporter details or extending the validity of EWB will not be impacted.
3. Unblocking of EWB generation facility: The EWB generation facility would be automatically unblocked in the event of filing of their GSTR 3B return for the default period(s), reducing the default period to less than 2 consecutive tax periods. The blocking will be automatically lifted on the EWB system next day.
   1. Immediate updation of Status at EWB Portal: For immediate updation of the status the taxpayer can go to the EWB portal and select the option "Search Update Block Status", enter their GSTIN and use Update Option to get themselves unblocked on GST portal, provided GSTR-3B return has already been filed for the default period(s).
4. Unblocking by Tax Official: EWB generation facility can also be restored by the jurisdictional tax official on basis of manual representation by a taxpayer. The tax officials will issue a speaking order on GST Portal, for accepting or rejecting such requests of the taxpayers. In case he accepts the request, the facility will get restored.
5. Effect on Transporter registered on EWB Portal: Transporters enrolled in EWB Portal, but not registered on GST portal will not be impacted. However, the transporters registered on GST Portal, if blocked on non-filing of two or more GSTR 3B returns, cannot use their GSTIN as Consignor, Consignee or transporter to generate EWB and update transporter details.
6. Frequently Asked Questions: FAQ can be accessed via link https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_unblockingewaybill.htm

GST Circular No. 127/46/2019 -New Delhi, the 4 th December, 2019

POCSO (पॉक्सो) कानून क्या है?

GST Council Meeting Outcome

GST Council Meeting Outcome

1. Hotel Tariffs Rs. 7,500 and above GST at 18%.

2. Hotel Tariffs Rs. 1,000 upto 7,500 GST at 12%.

3. Hotel Tariffs below Rs. 1,000 GST at Nil rate.

4. Outside Catering GST rate reduced at 5%.

5. Diamond Job-work GST rate reduced at 1.5% and Other Job-work GST rate reduced to 12% from 18%.

6. Council amended rules regarding Refund by Appellate Authority.

7. Council amended rules regarding GST Practitioners and Consumer Welfare Fund.

8. Cups/Plates made from Flowers leaves GST rate Nil from 5%.

9. GST Annual Returns GSTR-9, 9A Optional for those with turnover upto 2cr for FY 17-18 & 18-19.

10. Those with turnover above 2cr to still file GSTR9.

11. No relief in case of GSTR-9C as it’s applicable only where turnover exceeds 2cr.

12. GSTR-9 also to be made “Saral”.

BK Associates

List of all sections of GST, All Sections of Goods and Service Tax

List of all sections of GST, All Sections of Goods and Service Tax
         

Section 1 – Short Title, extent and commencement
Section 2 – Definitions
Section 3 – Officers under GST Act.
Section 4 – Appointment of officers.
Section 5 – Powers of officers under GST
Section 6 – Authorisation of officers of State tax or Union territory tax as proper officer in certain circumstances
Section 7 – Scope of supply under GST Regime
Section 8 – Tax liability on composite and mixed supplies
Section 9 – Levy and collection.
Section 10 – Composition levy
Section 11 – Power to grant Exemption
Section 12  – Time of Supply of Goods
Section 13 – Time of Supply of Services
Section 14 – Change in rate of tax in respect of supply of goods or services
Section 15 – Value of Taxable Supply
Section 16 – Eligibility and conditions for taking input tax credit
Section 17 – Apportionment of credit and blocked credits
Section 18 – Availability of credit in special circumstances
Section 19 – Taking input tax credit in respect of inputs and capital goods sent for job work.
Section 20 -Manner of distribution of credit by Input Service Distributor
Section 21 – Manner of recovery of credit distributed in excess
Section 22 – Persons liable for registration
Section 23 – Persons not liable for registration.
Section 24 – Compulsory registration in certain cases.
Section 25 – Procedure for registration.
Section 26 – Deemed registration
Section 27 – Special provisions relating to casual taxable person and non-resident taxable person.
Section 28 – Amendment of registration.
Section 29 – Cancellation of registration.
Section 30 – Revocation of cancellation of registration.
Section 31 – Tax invoice.
Section 32 – Prohibition of unauthorised collection of tax.
Section 33 – Amount of tax to be indicated in tax invoice and other documents.
Section 34 – Credit and debit notes.
Section 35 – Accounts and other records.
Section 36 – Period of retention of accounts.
Section 37 – Furnishing details of outward supplies.
Section 38 – Furnishing details of inward supplies.
Section 39 – Furnishing of returns.
Section 40 – First return.
Section 41 – Claim of input tax credit and provisional acceptance thereof.
Section 42 – Matching, reversal and reclaim of input tax credit.
Section 43 – Matching, reversal and reclaim of reduction in output tax liability
Section 44 – Annual return
Section 45 – Final return.
Section 46 – Notice to return defaulters
Section 47 – Levy of late fee.
Section 48 – Goods and services tax practitioners.
Section 49 – Payment of tax, interest, penalty and other amounts.
Section 50 – Interest on delayed payment of tax.
Section 51 – Tax deduction at source.
Section 52 – Collection of tax at source
Section 53 – Transfer of input tax credit.
Section 54 – Refund of tax.
Section 55 – Refund in certain cases
Section 56 – Interest on delayed refunds.
Section 57 – Consumer Welfare Fund
Section 58 – Utilisation of Fund.
Section 59 – Self assessment.
Section 60 – Provisional assessment.
Section 61 – Scrutiny of returns.
Section 62 – Assessment of non-filers of returns.
Section 63 – Assessment of unregistered persons.
Section 64 – Summary assessment in certain special cases.
Section 65 – Audit by tax authorities.
Section 66 – Special audit.
Section 67 – Power of inspection, search and seizure.
Section 68 – Inspection of goods in movement.
Section 69 – Power to arrest.
Section 70 – Power to summon persons to give evidence and produce documents.
Section 71 – Access to business premises
Section 72 – Officers to assist proper officers.
Section 73 – Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts.
Section 74 – Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilful misstatement or suppression of facts.
Section 75 – General provisions relating to determination of tax.
Section 76 – Tax collected but not paid to Government.
Section 77 – Tax wrongfully collected and paid to Central Government or State Government.
Section 78 – Initiation of recovery proceedings.
Section 79 – Recovery of tax.
Section 80 – Payment of tax and other amount in instalments
Section 81 – Transfer of property to be void in certain cases.
Section 82 – Tax to be first charge on property.
Section 83 – Provisional attachment to protect revenue in certain cases.
Section 84 – Continuation and validation of certain recovery proceedings.
Section 85 – Liability in case of transfer of business.
Section 86 – Liability of agent and principal
Section 87 – Liability in case of amalgamation or merger of companies
Section 88 – Liability in case of company in liquidation.
Section 89 – Liability of directors of private company
Section 90 – Liability of partners of firm to pay tax.
Section 91 – Liability of guardians, trustees, etc.
Section 92 – Liability of Court of Wards, etc.
Section 93 – Special provisions regarding liability to pay tax, interest or penalty in certain cases.
Section 94 – Liability in other cases.
Section 95 – Definitions of ADVANCE RULING
Section 96 – Authority for advance ruling.
Section 97 – Application for advance ruling
Section 98 – Procedure on receipt of application
Section 99 – Appellate Authority for Advance Ruling
Section 100 – Appeal to Appellate Authority
Section 101 – Orders of Appellate Authority
Section 102 – Rectification of advance ruling.
Section 103 – Applicability of advance ruling.
Section 104 – Advance ruling to be void in certain circumstances.
Section 105 – Powers of Authority and Appellate Authority
Section 106 – Procedure of Authority and Appellate Authority
Section 107 – Appeals to Appellate Authority.
Section 108 – Powers of Revisional Authority.
Section 109 – Constitution of Appellate Tribunal and Benches thereof.
Section 110 – President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.
Section 111 – Procedure before Appellate Tribunal.
Section 112 – Appeals to Appellate Tribunal.

Section 113 – Orders of Appellate Tribunal.
Section 114 – Financial and administrative powers of President.
Section 115 – Interest on refund of amount paid for admission of appeal.
Section 116 – Appearance by authorised representative.
Section 117 – Appeal to High Court
Section 118 – Appeal to Supreme Court.
Section 119 – Sums due to be paid notwithstanding appeal, etc.
Section 120 – Appeal not to be filed in certain cases.
Section 121 – Nonappealable decisions and orders.
Section 122 – Penalty for certain offences.
Section 123 – Penalty for failure to furnish information return.
Section 124 – Fine for failure to furnish statistics.
Section 125 – General penalty.
Section 126 – General disciplines related to penalty.
Section 127 – Power to impose penalty in certain cases.
Section 128 – Power to waive penalty or fee or both
Section 129 – Detention, seizure and release of goods and conveyances in transit.
Section 130 – Confiscation of goods or conveyances and levy of penalty
Section 131 –  Confiscation or penalty not to interfere with other punishments
Section 132 – Punishment for certain offences.
Section 133 – Liability of officers and certain other persons.
Section 134 – Cognizance of offences.
Section 135 – Presumption of culpable mental state.
Section 136 – Relevancy of statements under certain circumstances.
Section 137 – Offences by companies.
Section 138 – Compounding of offences.
Section 139 – Migration of existing taxpayers.
Section 140 – Transitional arrangements for input tax credit.
Section 141 – Transitional provisions relating to job work.
Section 142 – Miscellaneous transitional provisions.
Section 143 – Job work procedure.
Section 144 – Presumption as to documents in certain cases.
Section 145 – Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence.
Section 146 – Common Portal.
Section 147 – Deemed exports.
Section 148 – Special procedure for certain processes.

Section 149 – Goods and services tax compliance rating
Section 150 – Obligation to furnish information return.
Section 151  – Power to collect statistics.
Section 152 -Bar on disclosure of information
Section 153 – Taking assistance from an expert.
Section 154 – Power to take samples.
Section 155 – Burden of proof.
Section 156 – Persons deemed to be public servants.
Section 157 – Protection of action taken under this Act
Section 158 –Disclosure of information by a public servant.
Section 159 – Publication of information in respect of persons in certain cases.
Section 160 – Assessment proceedings, etc., not to be invalid on certain grounds.
Section 161 – Rectification of errors apparent on the face of record.
Section 162 – Bar on jurisdiction of civil courts
Section 163 – Levy of fee.
Section 164 – Power of Government to make rules
Section 165 – Power to make regulations.
Section 166 – Laying of rules, regulations and notifications.
Section 167 – Delegation of powers.
Section 168 – Power to issue instructions or directions.
Section 169 – Service of notice in certain circumstances.
Section 170 – Rounding off of tax, etc.
Section 171 – Antiprofiteering measure.
Section 172 – Removal of difficulties.
Section 173 – Amendment of Act 32 of 1994.
Section 174 – Repeal and saving.

Attention

E-way bill system Update 23/04/2019

 Auto calculation of route distance based on PIN code for generation of EWB: E-waybill system is now enabled to auto calculate route distance for movement of goods, based on the Postal PIN codes of source and destination locations given by the user. The e-waybill system will calculate and display the actual distance between the supplier and recipient addresses. User is allowed to edit the distance shown, but it will be limited to 10% more than the displayed distance. In case, source PIN and destination PIN are same, the user can enter up to a maximum of 100 kms only. If PIN entered is incorrect, the system would alert the user as INVALID PIN CODE, but he can continue entering the distance.

2. Knowing the distance between two PIN Codes: Taxpayer can now know the distance between source and destination by selecting “PIN to PIN distance” in Search section on the EWB System home page. Search will show approximate distance between the PINs entered.

3. Blocking of generation of multiple E-Way Bills on one Invoice/document: EWB system will not allow generation of multiple e-way bills based on one invoice, by any party – consignor, consignee or transporter. That is, once E-way Bill is generated with an invoice number, then no one can generate another E-Way Bill with the same invoice number.

4. Extension of E-Way Bill in case Consignment is in Transit: The taxpayer or transporter (who has been assigned an EWB) can now extend E-way Bill validity, when goods are in transit. User can login to the EWB portal and navigate to EWB Module > Extend Validity > Enter EWB Number to fill the form. On selection of In Transit, the address details of the transit place need to be provided by user. On selection of In Movement the system will prompt user to enter Mode and Vehicle details.

5. Report on EWB which are about to expire soon: Users of EWB System can now view the list of EWB about to expire in next three days. User can see this after logging into the EWB portal and navigating through Reports > My EWB Reports > EWB about to expire.

बिना पिन क्रडिट या डेविट कार्ड रखने से ये घटना किसी के साथ भी हो सकती है...

BK ASSOCIATES: NEW TRACKER SOFTWARE BY INCOME TAX DEPARTMENT

BK ASSOCIATES: NEW TRACKER SOFTWARE BY INCOME TAX DEPARTMENT: NEW TRACKER SOFTWARE BY INCOME TAX DEPARTMENT The upcoming tax season is going to usher in a new era for India where the income tax depar...

NEW TRACKER SOFTWARE BY INCOME TAX DEPARTMENT

NEW TRACKER SOFTWARE BY INCOME TAX DEPARTMENT

The upcoming tax season is going to usher in a new era for India where the income tax department is going to use big data to improve tax compliance. And, if tax spending patterns don’t line up with tax declarations, tax payers could be in some hot water.

Innocently labeled ‘Project Insight’, India’s new ₹1000 crore tax tracker can glean over user’s social networking profiles — scouring through vacation photos, social events, new purchases, spouse details — to catch any purchase that doesn’t match a tax payer’s income.

The goal of the Indian government is threefold. One, bring more people under the tax net. Two, catch citizens that are trying to avoid paying their taxes. And, three, close in on tax violators who already have pending demands over ₹10 lakh.

How does this change things?

Traditionally, the income tax department was primarily dependant on the banks in order to find discrepancies between how much a person actually spend and how much was disclosed on a tax report.

But, with Project Insight, the government will now be able to glean over any person’s profile on social networks to find mismatches between reported earnings and expenditure.

An expensive car, a foreign vacation or flying first class— anything that looks like an extravagant expenditure not in line with how much a person supposedly earns — will be caught on the income tax department’s radar.

The software will help the department gather the relevant evidence like saving specific web pages, photos and documents which could then be used to initiate a probe.

There are three ways that the tax department can profile a taxpayer. The first method is the basic tax payer master profile that includes information like name, address and past income tax returns.

The ‘Business Intelligence’ part gets a little more creative and ferrets out tax payers that fall under the non compliant category.

Then there’s also the ‘Geographic Information System’ that can zero in on specific areas.
In each case, the income tax department can filter taxpayers based on income, profit, capital and gains.

And, since it’s a machine learning integrate information management system, it will get more efficient over time as it gleans over more data