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Goods and GST Bill passed

Goods and Services Tax - Started By: - Ganeshan Kalyani - Dated:- 3-8-2016 Last Replied Date:- 17-1-2017 - Dear All,GST Bill is passed in Rajya Sabha on 03. 08.2016.A panel under chief economic adviser Arvind Subramanian has recommended a revenue-neutral rate of 15-15.5%, with a standard rate of 17-18% be levied on most goods and all services.But, there has been no agreement yet on rates of various goods and services, which remains a tricky issue. According to the Bill, passed in the Lok Sabha i .....

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s Isaac, adding that the states prefer to keep rates on items of mass consumption low. We know that the effective rate on consumer products today is about 30%. It will be considerably brought down. At what level, we will decide later, he said.Thanks. - Reply By Ganeshan Kalyani - The Reply = Sir, the number of registrations that is required to be taken under current indirect tax regime will be minimised in GST regime. But the number of return that will be required to be filed under GST would tre .....

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towards the losses if any, incurred by the States due to implementation of GST. Establishing a mechanism for adjudicating any dispute between Centre and States or between the States, arising out of the recommendations of GST Council.Thanks. - Reply By Ganeshan Kalyani - The Reply = Sir,The Government may take up the Bill for Goods and Services Tax Law possibly in the winter session of the Parliament. Thanks. - Reply By Ganeshan Kalyani - The Reply = Sir, the GST Bill is already passed by both t .....

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Kalyani - The Reply = Sir, FYI.The CBEC has set up a panel to formulate a roadmap under GST on area based exemptions.As an alternative to exemptions, the companies may get the option to pay tax and claim refund thereafter. The will create cash flow issues as the the companies will first have to pay tax and then claim refund of it. Industry experts feel that industry needs assurance on benefits and ease of obtaining such benefits. (Source: From GSTupdates).Thanks. - Reply By Ganeshan Kalyani - Th .....

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neshan Kalyani - The Reply = Sir, Nagaland also ratified GST Bill. - Reply By Ganeshan Kalyani - The Reply = Sir, 13 states have approved the GST Bill. These states include : Assam, Bihar, Jharkhand, Himachal Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh, Delhi, Nagaland, Mahrashtra, Haryana, Mizoram and Telangana.Thanks. - Reply By Ganeshan Kalyani - The Reply = States that ratified GST Bill.1. Assam (12.08.2016)2. Bihar (16.08.2016)3. Jharkhand (17.08.2016)4. Himachal Pradesh (22.08.2016)5. C .....

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y to agree to this limit. - Reply By Ganeshan Kalyani - The Reply = 50% States have now ratified the Bill. Now the bill may move for Presidential assent. - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, Thanks for updating. You have saved the time of others. Pl. continue. - Reply By Ganeshan Kalyani - The Reply = Thanks for your boosting comment. - Reply By Ganeshan Kalyani - The Reply = Two more States have ratified the Bill - Rajasthan and Puducherry. Thanks. - Reply By Ganeshan .....

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n Kalyani - The Reply = The return, payment and other details of GST is proposed to be maintained in Goods and Service Tax Network (GSTN). GSTN is a company. Thanks - Reply By Ganeshan Kalyani - The Reply = GST Bill I.e. Constitutional Amendment Bill received assent from Hon'ble President Shri Pranab Mukherjee today. Thanks. - Reply By Ganeshan Kalyani - The Reply = Sir, so many taxes are there in our country. One is not aware of all the taxes. So, many issues creep up because of ignorance o .....

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Thanks. - Reply By Ganeshan Kalyani - The Reply = The Central Board of Excise and Customs (CBEC) might be renamed the Central Board of Indirect Taxes (CBIT), as part of an organisational restructuring after national goods and services tax (GST) regime is rolled out. (Source: Business Standard). - Reply By Ganeshan Kalyani - The Reply = To complete the cases of service tax and excise duty pending at various levels, a legacy division will be formed for a period of five years. Thanks. - Reply By G .....

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tandard. - Reply By Ganeshan Kalyani - The Reply = The Union Cabinet today approved the setting up of a GST Council, which will decide the rate of tax under the new Goods and Services Tax (GST) regime.The GST Council will consist of Union Finance Minister, Minister of State in charge of Revenue Department and State Finance Minister. Thanks. - Reply By Ganeshan Kalyani - The Reply = The CGST and IGST will be drafted on the basis of the model GST law. The states will draft their respective State G .....

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://http://indianexpress.com/article/business/business-others/cbec-to-be-renamed-as-cbit-under-gst-regime-3025612/ - Reply By Ganeshan Kalyani - The Reply = The Government is making all its effort to implement GST w.e.f. 01.04.2017. The review of GST preparedness is being done by Prime Minister. Thanks. The assessee need to gear up for GST. The time has come now. It was discussed that atleast 6months time would be required from the date of GST Act coming into effect and to the date of implementat .....

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d October. Existing taxpayers of value added tax, service tax and central excise will be migrated to GSTN, said Navin Kumar, Chairman, GSTN. - Reply By YAGAY AND SUN - The Reply = GST Council is fighting against timeThe government plans to bring in GST from 1 April 2017 and supporting legislation in the winter session, leaving only around two months for the council to finalize all issues - Reply By YAGAY AND SUN - The Reply = India's Reincarnation As A Unified Marketplace Of 1.2 Billion Part .....

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place with standardized tax rates ever. It is also a reminder of the Modi government's serious push for reforms to make it easier to do business in India. Most of India's macro factors have improved recently, earnings of corporate India are steadily improving and the central government is gradually pushing positive policy changes.So, let's take a look at what GST is and how it affects various sectors of the Indian economy.What Is GST?Broadly speaking, governments collect revenues/tax .....

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ndia they account for over 30%.2India's GST is a bold attempt to streamline these indirect taxes and increase tax compliance. Taxes in India are split into an array of federal and state taxes. Not only does every state have its own rate, but each could also levy extra taxes depending on the category of sale (e.g., luxury taxes on high-end hotels, entertainment taxes on movies).GST aims to subsume these taxes under two distinct categories of central and state tax, as shown in the chart below. .....

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ed that the IT backbone of GST is an extremely complex and ambitious exercise as it involves banks, small businesses and states. - Reply By YAGAY AND SUN - The Reply = Proud to be part of GST, network project very complex, says Infosys CEO Vishal Sikka Vishal Sikka, Infosys CEO, on Thursday said that the GST network project was very complex, but was proud to be part of it. Speaking to reporters after making a presentation to Finance Minister Arun Jaitley, Sikka said that there is some weakness i .....

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d, there should not be any interface by me from this podium, by pre-empting the decision of that council by a political party. But certainly there should be no self-congratulatory patting the back by the central government when nine-tenths of the details are yet to come. As we all know, both God and the Devil lies in the details. Let the process start, Congress spokesperson Abhishek Singhvi told reporters. He said there has been a lot of self-congratulatory patting in the back by the Centre, whi .....

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at is decided by the newly-constituted Council, no party should comment, he said. On September 12 the Union Cabinet approved setting up of the GST Council, which will decide on the rate of tax under the new Goods and Services Tax (GST) regime, likely to kick in from April 1, 2017.The GST Council will consist of Union Finance Minister, Minister of State in charge of Revenue Department and state Finance ministers. - Reply By KASTURI SETHI - The Reply = I am thankful to both experts for updating on .....

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ementation -getting the GST Network up and running, training tax officials to handle the new system, and nudging companies to install the necessary software and hardware at their ends - will be hard enough. - Reply By Ganeshan Kalyani - The Reply = Currently, it has been assumed that there will be only three basic rates - a standard rate, a merit rate and a luxury rate. Then there will be zero-rated essentials. - Reply By Ganeshan Kalyani - The Reply = Industry bodies have been asking for more t .....

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By Ganeshan Kalyani - The Reply = Two bills related to biggest tax reform will be taken up in the Parliament s next session - Central GST and the Integrated GST bill. States will approve their own GST bills. - Reply By Ganeshan Kalyani - The Reply = The concern is other than VAT, will the other local taxes too get subsumed in GST or not. Because a major issue, we feel is the Mandi tax - Market fees, which is prevalent in many States. It ranges from 1.5-2 per cent to even 4 per cent in states li .....

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a concern for the industry. We feel being an essential commodity, the taxation should be minimum on the essential commodities.Source :: http://www.thehindubusinessline.com/economy/agri-business/mandi-tax-will-be-a-serious-concern-post-gst-rollout/article9103404.ece - Reply By Ganeshan Kalyani - The Reply = With the implementation of GST, auto manufacturers will certainly feel the ease in doing business. It s not just us saying it, but the industry. In fact, the biggest concern for most is the pe .....

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e government, Its been over 7 years we have been talking about GST and finally its coming so I m very excited about it. It will give a boost to the over all GDP, People expect 1-2% increase in GDP. Source: NDTV.com - Reply By Ganeshan Kalyani - The Reply = http://www.financialexpress.com/fe-columnist/taxpayers-should-assess-which-approach-they-will-use-to-interact-with-the-gstn-system/373987/ - Reply By Ganeshan Kalyani - The Reply = The rate of GST applicable on pharmaceutical formulations is y .....

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com - Reply By Ganeshan Kalyani - The Reply = Since the rolling out of GST seems to be closer to reality with a target date of April 1, 2017, companies have already commenced working towards the transition to GST, and for the ones that have not yet started, would need to have a plan to address the challenges of crash-landing into the GST regime. Given the far-reaching impact of GST across the business organisation and its value-chain across businesses, as part of the process towards effective GS .....

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and 100% GST compliance.Source ey.com - Reply By Ganeshan Kalyani - The Reply = Tax cost on goods The indirect tax cost on most goods is currently on the higher side. This is for the reason that most goods (for e.g. beauty products, most consumer electronics, non-luxury automobiles) attract an excise duty of 12.5% and a VAT of 12.5% to 15% depending on the State. Further, there are numerous cascading of taxes on account of levy of CST, input tax credit retention under the VAT laws, levy of entry .....

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s.However, for some other goods (for e.g. textiles, edible oil, low value footwear) the rate of excise duty is nil whereas VAT in most States is 5%. Thus, the overall tax cost for these kind of goods (after factoring the non-creditable taxes) is about 8 to 9%. If these goods are kept at the standard GST rate of 18% then there would be significant increase in cost for the end customers. Even if these goods are kept at the lower GST rate of 12% there would be an increase in cost for the end custom .....

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ND SUN - The Reply = http://www.financialexpress.com/fe-columnist/chasing-the-gst-deadline-early-movers-can-capitalise-on-options-and-benefit-most/376553/ - Reply By YAGAY AND SUN - The Reply = http://economictimes.indiatimes.com/small-biz/startups/flipkart-makes-first-move-as-ecommerce-sector-prepares-for-gst-rollout/articleshow/54356771.cms - Reply By YAGAY AND SUN - The Reply = http://economictimes.indiatimes.com/news/economy/policy/-after-gst-focus-is-on-labour-reforms/articleshow/54302784.c .....

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ly By YAGAY AND SUN - The Reply = http://indianexpress.com/article/business/business-others/manufacturing-sector-gst-vat-cst-taxation-profitability-realigning-operations-3028054/ - Reply By YAGAY AND SUN - The Reply = http://economictimes.indiatimes.com/wealth/personal-finance-news/gst-to-help-make-economic-commercial-transactions-more-efficient/articleshow/54288446.cms - Reply By YAGAY AND SUN - The Reply = http://www.moneycontrol.com/news/sme/gst-bill-what-isstore-for-manufacturing-smes_742680 .....

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l=http%3A%2F%2Findianexpress.com%2Farticle%2Fbusiness%2Feconomy%2Fsolar-power-equipment-manufactures-express-concern-over-gst-3007881%2F&usg=AFQjCNFkR0X66VutvOrJPDP0qPcWCJkSTA - Reply By Ganeshan Kalyani - The Reply = Thanks Yagay and Sun for sharing the link. But the onlookers can access these links by visiting the respective website. So why we need to paste link This is my view. - Reply By Ganeshan Kalyani - The Reply = The winter session of the Parliament is likely to be advanced to secon .....

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hanks & Best Regards,YAGAY & SUN(Management, Business and Tax Consultants) - Reply By YAGAY AND SUN - The Reply = Government is working overtime on GST: Cabinet Secretary P.K. Sinha Terming GST reform as a game changer , Cabinet Secretary P.K. Sinha today said the government is working overtime to implement the indirect tax regime from April 1 next year. The Constitution (122nd Amendment) Bill, 2016, for introduction of the GST in the country was accorded assent by the President on Septe .....

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ons. Mr. Sinha assured the gathering that the GST and other path breaking reforms that the government has committed to its people will be implemented as promised. A silent revolution is happening and despite teething problems, India would move on to accomplish the objectives and targets set in by the government in all sectors of economic activities with increased participations of all stakeholders to further improve the spirit of governance, he said. The infrastructure sector - roads, civil avia .....

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investors and this is a positive sign, he added. He said the government is focused on innovation and trying to make India an easy simple place to do business. The government has taken various steps to facilitate further improvement, including bringing in the bankruptcy law, e-biz platform for a single channel of approvals and a national company law tribunal, he added. - Reply By Ganeshan Kalyani - The Reply = An app to link check posts under State Governments as well as the Centres is in the wor .....

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Act. If total exemption was not possible , at least tea should be exempted from GST at first point sale made in the public tea auction centres, licensed by Tea Board of India, Tea Trader Association of Coimbatore Chairman U V Saraf Said. - Reply By Ganeshan Kalyani - The Reply = A few section of Industries has started its own preparedness for GST. However, several industries / business assesses shall have to struggle to settle down post GST. At least 'as is' preparation has been started .....

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against the procedures adopted for the conduct of the GST council meeting to be held on September 22 and 23. Read more at:http://economictimes.indiatimes.com/articleshow/54444267.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst - Reply By YAGAY AND SUN - The Reply = 268-page GST FAQs out; e-tailers, aggregators to register Frequently Asked questions (FAq) on GST - Reply By Ganeshan Kalyani - The Reply = FAQS ON GST is published in CBEC on 21.09.2016 Frequently Asked qu .....

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rates on the lines of some European countries - Reply By YAGAY AND SUN - The Reply = Amit Mitra heads for GST rate talks but Mamata Banerjee keeps all guessing. - Reply By Ganeshan Kalyani - The Reply = 268 page FAQs on GST released by CBEC; Over 500 questions answered. Click to Download Frequently Asked questions (FAq) on GST - [PDF] GST - FAQ - Chapter wise / Question Wise - Reply By Ganeshan Kalyani - The Reply = GST Council to hold first meeting today; discussion on threshold and GST Rate l .....

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existing payers of value added tax (VAT), which number about 6.5 million, and about 2 million service tax payers and about 300,000-400,000 Central excise tax payers. - Reply By Ganeshan Kalyani - The Reply = GST council meet: Centre, states agree on timetable for 1 April roll-outKey issues like sharing of administrative control between the centre and states and compensation mechanism to be taken up by the GST council on FridayRemya NairFinance minister Arun Jaitley agreed to the continuation of .....

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orm ever.Some key issues like sharing of administrative control between the centre and states and the mechanism for deciding on the compensation mechanism, law and formula for states will be taken up in the meeting on Friday-the final day of the two-day consultation.On Thursday, the GST council agreed on a compounding scheme for small traders with revenues of up to ₹ 50 lakh wherein they can pay a flat tax to be decided at a future date. However, opinion was divided on what the revenue thr .....

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nd the draft compensation law will be discussed on Friday. The meeting also finalized the rules of business and conduct of the GST council. In the absence of a state finance minister, state government officials will be able to represent the state but won t be able to vote. Issues like tax rates, the threshold level and selection of a vice-chairman have been put off for later.Some states, including Tamil Nadu and Uttar Pradesh, sought more voting powers arguing that their size merits more than on .....

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ded based on the best three revenue earning years over the last five or six years, rather than just looking at the last three years revenues. - Reply By Ganeshan Kalyani - The Reply = The GSTN is a not-for-profit, non-government, private limited company promoted by the Central and state governments. This is going to be a very crucial task and will need to be completed by the end of this year if the GST is to be rolled out by 1 April 2017. At the same time, information technology changes and upgr .....

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l to the 1 April launch, since it s expected to take around four to six months, and a further period of trials, testing and soft launching before it s fully ready for nationwide operation. - Reply By Ganeshan Kalyani - The Reply = Training and preparation of the Central Board of Excise and Customs and state taxation departments is another critical component for making the promise of smoother tax administration a reality-to come to terms with the nitty-gritty of the new law, its implementation an .....

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SUN - The Reply = GST Council resolves threshold and dual control issues. - Reply By YAGAY AND SUN - The Reply = The Confederation of All India Traders (CAIT) today hailed the GST Council s move to fix annual turnover limit for exemption at ₹ 20 lakh. - Reply By Ganeshan Kalyani - The Reply = On GST Council meeting, Finance Minister Arun Jaitley while addressing media said following1. Exemption threshold for GST has been fixed as ₹ 20lacs, while threshold in North East statement has .....

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October. - Reply By Ganeshan Kalyani - The Reply = GST Presentation published in CBEC website. the link is given below.http://www.cbec.gov.in/resources//htdocs-cbec/deptt_offcr/gst-dgtps-12092016.pdf - Reply By Ganeshan Kalyani - The Reply = Returns under GST GSTR 1- Sales Register GSTR 2- Purchase Register GSTR 3- Monthly return form GSTR 4- Quarterly return for compounding dealers GSTR 5- Periodic return by Non-Resident Taxpayer GSTR 6- Return for Input Service Distributor (ISD) GSTR 7- Return .....

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GST cap. - Reply By YAGAY AND SUN - The Reply = Arun Goyal appointed Additional Secretary of GST Council Goyal, a 1985 batch IAS officer of Union Territory cadre, is at present working as Additional Secretary, Project Monitoring Group, Cabinet Secretariat. - Reply By YAGAY AND SUN - The Reply =

GST: Paving the path for greater ease of doing business
The Goods and Services Tax (GST) is one of the most discussed topics amongst business owners, industrialists, organisational leaders .....

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s to appraise them on the impact of GST on the India s indirect tax structure for IT, Telecommunications and Electronics products, solutions and services.Mr Rajeev G. Varaiya, Partner, Damania & Varaiya briefed TAIT members on the various nuances related to GST. He spoke at length about the present taxation structure in India, global adoption of GST, India s Model GST Law, GST compliance and reporting norms, taxes to be subsumed into GST and exclusions from GST. Talking about the benefits of .....

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ly. IT service providers will be able to set-off input GST on the purchase of goods required to set up IT infrastructure, against their output liabilities, even as the cascading effect of multiple taxes decreases. GST being a destination based tax is widely expected to smooth conduct of business in the country with faster movement of goods, easy and unified compliance by reducing classification hassles, and avoid distortions due to multiplicity of levies and exemptions. It will increase market b .....

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anteens, para-military force canteens etc., and refund of Input Tax Credit in case of inverted tax structure. However, he did caution that the overall cost of taxation may rise if CGST, SGST and/or IGST rates are fixed at relatively higher levels. Sharing his viewpoint on the GST legislation, Mr Rushabh Shah, President, TAIT said, Currently, total tax on software is 15% Service Tax and 5.5% VAT, adding up to 21.24% on base price. Software is taxed twice by means of Service Tax and VAT, but with .....

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s owners and finance managers may need to revise their estimates of working capital. There would also be a need to implement robust IT systems and impart staff training at all levels.Posted by: DQINDIA Online - Reply By YAGAY AND SUN - The Reply = Tax department unveils draft rules for registration under GSTIn less than a week after the first meeting of the GST Council, the tax department today came out with three draft rules and their formats relating to registration, invoice and payments which .....

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ims to implement the new indirect tax regime Goods and Services Tax (GST) from April 1, 2017, and to that effect the GST Council will hold its second meeting on September 30. The meeting would finalise rules for GST. The draft rules also provide that if a tax official fails to take action on registration application within a stipulated time frame, the application for grant of registration shall be deemed to have been approved.As per the draft norms, the applicant seeking registration will have t .....

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tration within 7 days from the date for receiving of reply.There will also be a provision for grant of separate registration for business verticals of the same organisation.The rules also provide for suo moto registration of person who are liable but have failed to apply for registration. The rules also provide for physical verification of business premises after grant of registration.Nangia & Co Director Rajat Mohan said, Government is working enthusiastically and is moving with lightening .....

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o prescribe that transporter need not carry any invoice if supplier provides invoice reference number to transporter. - Reply By Ganeshan Kalyani - The Reply = http://www.cbec.gov.in/htdocs-cbec/gstThe draft rules is published for feedback. - Reply By Ganeshan Kalyani - The Reply = FAQs on GST compiled by CBECThe CBEC has published compilation of FAQs on GST covering 24 topics with over 500 questions. This is the first version based on the Model GST Law which has been released in the public doma .....

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iction of the States. The GST Council's decision to keep all the Service Tax Assessees within the jurisdiction of the Central Government goes against the principle and spirit of GST. This is a glaring instance of the Central Government's attempt to impose hegemony on the States in stark and blatant violation of the principles of federalism. The AICCTA demands the Union Finance Minister and the GST Council to reconsider the decision of retaining jurisdiction over 20.87 lakh Service Tax pa .....

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pdated on the CBEC s website. Please click on the appended link to check, at length. http://www.cbec.gov.in/htdocs-cbec/gst/draft-rules-format Draft Return Rules Draft Return Formats GSTR 9B ITC Mismatch Report Draft Refund Rules Draft Refund Formats Draft Registration Rules Draft Registration formats Draft Payment Rules Draft Payment formats Draft Invoice Rules Draft Invoice formats - Reply By Ganeshan Kalyani - The Reply = KPMG and FICCI sign MoU to launch GST awareness campaign across India. .....

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SUN - The Reply = CBEC will take up 50% posts in GST Secretariat, says Najib Shah - Reply By YAGAY AND SUN - The Reply = Life insurers want exemption from GST; general differential rates. - Reply By YAGAY AND SUN - The Reply = If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani - Reply By YAGAY AND SUN - The Reply = Indian Textile Industries gearing up for GST, new tax system - Reply By YAGAY AND SUN - The Reply = GST will change the way India does business - Reply .....

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eply = Senior IAS officer Arun Goyal has been appointed as Additional Secretary in the goods and service tax council. - Reply By Ganeshan Kalyani - The Reply = Congress Chief ministers and finance minister are expected to press for an 18%GST cap at the meeting of 3 days gst council beginning Oct 17, and stress that a higher rate would burden the commons man. - Reply By Ganeshan Kalyani - The Reply = Congress rationale is that higher rate will burden the common man and will defeat the very purpos .....

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a representation to the union finance on how GST would adversely affect the film industry . The film chamber has taken the opinion of thr consultant on te issue. And will present before the union finance soon. - Reply By Ganeshan Kalyani - The Reply = In AP and Telangana the the entertainment tax is 24%. If GST is introduced nonloca films will be benefited as the GST Will be less than the entertainment slab now. - Reply By Ganeshan Kalyani - The Reply = HSN (Harmonised System of Nomenclature) i .....

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role in determine coding. However, there will be separate codes for goods and services.Broad rule is as under:- Taxpayers whose turnover is above ₹ 1.5 crores but below ₹ 5 crores shall use 2 digit code;- Taxpayers whose turnover is ₹ 5 crores and above shall use 4 digit code;and- Taxpayers whose turnover is below ₹ 1.5 crores are not required to mention HSN Code in their invoices.Services will be required to be classified per the Services Accounting Code (SAC) - Reply By .....

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essions will be held in Trivandrum (October 6), Chennai (October 7), Kochi (October 19), Vizag (October 20) and Hyderabad (October 21), with more sessions notified in due time. - Reply By Ganeshan Kalyani - The Reply = Composition dealer under GST shall not be able to take input tax credit, nor shall he be able to collect tax from customer. He has to pay tax not less than tax 1%. The dealer can opt for composition at his option. - Reply By Ganeshan Kalyani - The Reply = The threshold for composi .....

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s not affect inter-state supplies. - Reply By Ganeshan Kalyani - The Reply = GSTN stands for Goods and Service Tax Network (GSTN). A Special Purpose Vehicle called the GSTN has been set up to cater to the needs of GST. The GSTN shall providea shared IT infrastructure and services to Central and State Governments, tax payers and other stakeholders for implementation of GST. The functions of the GSTN would, inter-alia include: (i) facilitating registration; (ii) forwarding the returns to Central a .....

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GSTN would also be integrating the common GST portal with the existing tax administration IT systems and would be building interfaces for tax payers. Further, the GSTN is developing back-end modules like assessment, audit, refund, appeal etc. for 19 States and UTs (Model II States). The CBEC and Model I States (15 States) are themselves developing their GST back-end systems. Integration of GST front-end system with back-end systems will have to be completed and tested well in advance for making .....

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the Services Accounting Code (SAC) - Reply By Ganeshan Kalyani - The Reply = Goods and Service Tax (GST) is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer. - Reply By Ganeshan Kalyani - The Reply = Alcohol for human consumptio .....

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r credit of input tax credit will be available and same will be available as refund to the exporters. - Reply By Ganeshan Kalyani - The Reply = Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed in a year is liable to get himself registered. However, certain categories of persons mentioned in Schedule III of MGL are liable to be registered irrespective of this threshold. An agriculturist shall not be considered as a t .....

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y By Ganeshan Kalyani - The Reply = A person, though not liable to be registered under Schedule III, may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered taxable person, shall apply to such person. - Reply By Ganeshan Kalyani - The Reply = The proper officer can reject an application for registration after due verification. However it is also provided in sub-section 8 of Section 19, the propoer officer shall not reject the application for regi .....

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how do we address them? We could address them through multiple routes, we could address them by phasing them out over a period of time, we can address them by perhaps giving extra funds, those are decisions which the GST council will be taking and you will get to know soon. Source : CNBC TV18 - Reply By Ganeshan Kalyani - The Reply = Goods and Service Tax (GST) implementation in India would play a pivotal role in improving India's global competitiveness, say Arun Jaitley.A report released by .....

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a period of seven years. It will help in : implementation of Goods and Services Tax (GST) extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and other taxpayer friendly initiatives under Digital India and Ease of Doing Business of Central Board of Excise and Customs.The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced. The upgrade of the IT systems will be carried out .....

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ystems can be modified by all, '' Revenue Secretary Hasmukh Adhia tweeted.Source: GST updates. - Reply By Ganeshan Kalyani - The Reply = GST is going to change the way of doing business for taxpayers as well as tax officers. Information technology is going to govern things rather than these officers. The taxpayers and the officer's interaction will all be through the Online GSTN Ecosystem now. However , that would not be the only way for interacting with the GST system.GST ecosystem .....

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yani - The Reply = First meeting of GST Council was constructive said Shri Arun Jaitly ji - Reply By Ganeshan Kalyani - The Reply = Additionaldraft rule has been publishedhttp://www.cbec.gov.in/htdocs-cbec/gst/draft-rules-format - Reply By Ganeshan Kalyani - The Reply = tax-vat-for-1-year-after-notification-of-gst-act/ - Reply By Ganeshan Kalyani - The Reply = FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Uni .....

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y the Constitution Amendment Act empowers the State Governments to levy sales tax or Value Added Tax (VAT) on the sale of goods till that time i.e. 16th September, 2016. The Finance Minister Shri Jaitley said that so far the Government is following the road map for implementation of GST as per the schedule. The Finance Minister Shri Jaitley was making his Opening Remarks at the Fourth Meeting of the Parliamentary Consultative Committee attached to the Ministry of Finance held here today. The sub .....

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tax rates, exemption list and threshold limits etc. Thereafter, the Members of Consultative Committee who participated in today s Meeting sought various clarifications with regard to GST Law and gave suggestions for its better implementation. Some of the major suggestions include need for absolute clarity and transparency with regard to where taxes will be collected, assessed and where the appeal will be filed in case of GST regime. The members said that it will be challenging task to tackle com .....

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as GST system will work only online. Some of the members appreciated the initiative of the Government in getting the GST law passed by both the Houses of Parliament as well as its commitment to implement it in a time bound manner. The members hoped that this law will bring relief to the common man by exempting certain essential items from GST and moderate rate of taxation on other items which in turn will bring down the prices of common man consumption items as well as cost of living at large. .....

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on service tax assessment. - Reply By YAGAY AND SUN - The Reply = GST Council falters on service tax control. - Reply By YAGAY AND SUN - The Reply = GST Council meeting: Waivers, draft rules okayed; differences over tax assessees - Reply By Ganeshan Kalyani - The Reply = Need clarity on the exemptions given in the current tax regime. Whether it would continue for the time period given . Will have to see. - Reply By Ganeshan Kalyani - The Reply = The area based exemption is going to be now by ref .....

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the staff is a big task. Government is also planning to train the government staffs And dealer. GST is knocking the door. Let us be ready to welcome it and embrace it. - Reply By Ganeshan Kalyani - The Reply = In fact big companies have started doing impact analysis based on previous year data. The AS- IS preparation would help them to analyse the impact of tax change in upcoming GST. Every company/ assessee should carry out this activity. This will help them to understand the change in tax law .....

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y has to have dedicated tax officer who shall carry out complaince under GST. - Reply By Ganeshan Kalyani - The Reply = The information technology also need to be made in line with GST. The reports required for filing of return should come from the system only. Such arrangement would help the dealers to comply with ease and without error. - Reply By Ganeshan Kalyani - The Reply = Now the time has come to gear up for GST. That is we need to attend training , seminars etc. The tax officer in a cor .....

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an Kalyani - The Reply = 6 months to go for GST to come effective , the timeline set by the Govt for implementation. Are the dealers ready to take off their business into the new tax regime. Lot of work for tax officer in a company, For consultant, and department. - Reply By Ganeshan Kalyani - The Reply = So many write ups on GST, So many concerns over the draft rules. So many expectations from GST, So many opportunities for foreign investment, So many tax conplaince reduced, so many tax authori .....

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be allowed to carry over in GST by automatically carry forwarding from last return under current tax regime. Hence the last return under current regime is crucial. Otherwise input credit would be available. - Reply By Ganeshan Kalyani - The Reply = Filing of revised return of last month under current tax regime should be given. Otherwise if mistake happens in the original return then dealer would loose the closing credit. - Reply By Ganeshan Kalyani - The Reply = Seemless credit is aimed under G .....

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ill be replaced by Directorate General of GST Intelligence. - Reply By Ganeshan Kalyani - The Reply = For more assessee focused administration the nation will be divided into twenty four zones and one hundred and seven GST commissionerate. Each commossionerate will have approximately fifteen thousand to twenty thousand assessee base. - Reply By Ganeshan Kalyani - The Reply = To combat between centre and state government will set up Directorate General of Dispute Resolution. - Reply By Ganeshan K .....

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all not mention HSN code in the invoices. - Reply By Ganeshan Kalyani - The Reply = Services will be required to be classified as per Services Accounting Code. - Reply By Ganeshan Kalyani - The Reply = Maharashtra will have 20 GST Commissionerate, The highest among all states. - Reply By Ganeshan Kalyani - The Reply = As per the latest data (up to September 23) of NACEN, 3,074 field officers have been trained as against the target of 60,000. - Reply By Ganeshan Kalyani - The Reply = In its first .....

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and documents required for transportation. - Reply By Ganeshan Kalyani - The Reply = With the Centre moving on to the fast track to meet the April 2017 deadline, the Punjab government has initiated the process of appointing consultant to help it successfully implement the new tax regime, which will subsume various state levies like octroi and sales tax. - Reply By Ganeshan Kalyani - The Reply = the consultant will be imparting training on provisions of the GST Act/Rules and processes to officer .....

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alyani - The Reply = Drawing attention to reviews by some experts on the GST, Ms. Sitharaman said the new tax regime was expected to boost GDP growth by 1-1.50 per cent. At present, the GDP was at 7.5 and the Centre was keen to take it up to at least eight per cent. And, with the GST coming into effect, the GDP could cross nine per cent - Reply By Ganeshan Kalyani - The Reply = Goods and Service Tax (GST) is a destination based consumption tax which is a levy of tax on all goods and services wit .....

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rsions of GST (CGST, SGST and IGST). - Reply By Ganeshan Kalyani - The Reply = According to Chief Economic Adviser Arvind Subramanian s panel report , An RNR of anything beyond 15-15.5% will likely result in a standard rate of about 19-21%, which would make India an outlier amongst comparable emerging economies… - Reply By Ganeshan Kalyani - The Reply = Under GST the power will be given to Audit Commissioners to adjudicate matters unlike current regime. - Reply By Ganeshan Kalyani - The R .....

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his note sheet to concern range officer and adjudication kicks off at range / divisional level. - Reply By Ganeshan Kalyani - The Reply = SIAM - Society of Indian Automobile Manufacturers has suggested slab structure to levy GST on Cars and Bikes. SIAM is an apex body representating vehicle and vehicle engine manufacturers in the country. - Reply By Ganeshan Kalyani - The Reply = The eligible Input Tax Credit shown in last return filed under current regime shall be carry forward as opening balan .....

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it successfully implement the new tax regime, which will subsume various state levies like octroi and sales tax. According to sources, other states may also go in for consultants to assist the administration in the preparatory work for GST.Among other things, the consultants will be required to suggest organisation structure of the department in the GST regime, strategy for transition period and ways to mitigate risks and checklist of tasks that need to be completed before introduction of GST.S .....

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n 10,000 companies are listed in the BSE, said stock exchange's Managing Director and Chief Executive Officer Ashish Kumar Chauhan.Source: http://profit.ndtv.com/news/market/article-under-gst-bse-listed-companies-may-go-up-to-10-000-in-ten-years-1465987 - Reply By Ganeshan Kalyani - The Reply = GSTN was formed under the previous UPA regime to set up the information technology framework for rolling out the indirect tax regime that will replace a string of local levies. The central government .....

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ani - The Reply = The provison proposed if first paying tax and then claiming refund would cause hardship to exporters and the above thoughts. - Reply By Ganeshan Kalyani - The Reply = GST seems possible to be in place from 01.04.2016. So assesses should start preparing for GST. Should be referred to Model GST law, rules on registration, pay ment, return refund & FAQs. - Reply By Ganeshan Kalyani - The Reply = First year of implementation of GST would be a challenging period for all the asse .....

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g tax regime to new tax regime, GST. Right from procurement upto changes in accouting system (SAP, ERP etc.) - Reply By Ganeshan Kalyani - The Reply = Dual GST is proposed because of federal structure. The Centre has certain power to administrate certain work and States has got certain task to administer. Now in GST both centre and state shall have the power to tax transaction on common tax base. - Reply By Ganeshan Kalyani - The Reply = Existing tax payers shall get registration under GST on pr .....

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dealer opted for composition scheme cannot collect tax from customers and also cannot avail input tax credit. - Reply By Ganeshan Kalyani - The Reply = GST is on supply of goods and/ or services. The tax accrues to the place of consumption / places of supply. If supply is made from Maharashtra to a customer in Delhi,, then tax accrues to the state Delhi. - Reply By Ganeshan Kalyani - The Reply = Taxable person specified in schedule III is liable to register under GST irrespective of threshold ex .....

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of improvement in the Model GST Law in line with the government's requirement. The said report will be submitted in coming weeks. - Reply By Ganeshan Kalyani - The Reply = Dealers has more than one business vertical in state can apply for separate GST registration number. Dealers having business is various states need to get registration for each states separately. The dealer upon crossing of exemption threshold limit should apply for GST number. Some time the department can suomoto issue GS .....

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, cancelled, suspended or revoked. FYI - Reply By Ganeshan Kalyani - The Reply = Input service distributor, dealers liable to deduct TDS, casual tax payer, nonresident tax payer, dealers liable to pay tax under reverse charge, dealers impacting interstate supply and such other dealers as may be notified by the government shall required to be get registered irrespective of the exemption threshold limit. The reverse charge is applicable not only on services but also on supply of goods. (Ref. Sched .....

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T is applicable in case of interstate transaction. The taxes related to supply of goods and / or supply is subsumed in GST. However products like petroleum crude, high speed diesel, motor spirit (petrol) , natural gas and aviation turbine fuel shall be out of GST. - Reply By Ganeshan Kalyani - The Reply = Though exemption threshold is given, those dealers who want to apply for registration voluntarily under GST may apply and in such case the dealer shall be able to take input tax credit paid on .....

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to get registration under GST. - Reply By Ganeshan Kalyani - The Reply = Stock transfer /consignment Tranfer is going to be taxed in GST. The working capital of the dealer is going to affect. All confessional forms like Form C, form F , H, I, EI, EII etc is going to be abolished. The objective is pay tax and take credit. No concession. - Reply By Ganeshan Kalyani - The Reply = GST is a biggest tax reformer subsuming indirect tax. All stakeholder need to unlearn the tax provision of VAT/ /CST, S .....

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sioner and other senior officials. Helpline will also be opened to assist the businessmen for registration.Source: GST taxation. Com - Reply By Ganeshan Kalyani - The Reply = Citing the example of the proposed pan-India Goods and Services Tax(GST), the IMF on Friday said the country has shown that progress on reforms could attract investment and boost prospects of India s medium-term growth. - Reply By Ganeshan Kalyani - The Reply = Indian economy is likely to achieve 8% GDP by the fiscal end, t .....

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technology platforms for good ideas to emerge. When it comes to startups we want to talk facilitation more than regulation, said Sitaraman, at a lecture organised by the Chennai International Centre in the city on Saturday. On the industry s demand to levy extra duty on cheap Chinese imports, the minister said that cheaper import of raw materials has made it possible for many small and medium enterprises to flourish, in turn creating jobs.Source: GST taxation .com - Reply By Ganeshan Kalyani - .....

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tisation of all records will be one of the main drivers of GST. Once GST comes into being, the Indian economy will be boosted by 1.5% - Reply By Ganeshan Kalyani - The Reply = Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: • Legally recognized as supplier of goods or services.• Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the .....

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ani - The Reply = Registration to be applied within 30 days from the date when the exemption threshold limit is crossed. - Reply By Ganeshan Kalyani - The Reply = Import of goods into India shall be treated as inter state purchase . The CVD/ SAD will get subsumed and instead IGST would be levied. The credit would be allowed in full. Though both the tax got subsumed in GST, the custom duty is still going to be continued. - Reply By Ganeshan Kalyani - The Reply = Foreign investment is expected to .....

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to the purchaser. Only when supplier has paid the tax the purchaser is allowed the said credit. - Reply By Ganeshan Kalyani - The Reply = Brazil and Canada has dual GST. Similar to that India is going to have dual GST . - Reply By Ganeshan Kalyani - The Reply = CGST: central taxes got subsumed in CGST. States taxes subsumed in SGST and tax on interstate transaction is taxes taxed as IGST. - Reply By Ganeshan Kalyani - The Reply = GST shall be implemented by all the States at the same time. This .....

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shan Kalyani - The Reply = Meeting of GST Council schedule. It is expected that after the meeting is concluded the consensus on GST rate would have been achieved and also on issues related to condensation mechanism. - Reply By Ganeshan Kalyani - The Reply = Department of sales tax of Assam asked the dealers to update the information like mobile number, email id, and such basic information. This is required in order to ease transition from current tax regime to GST. - Reply By Ganeshan Kalyani - .....

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ernment is contemplating asking the Central government to vest with it the administrative control over all tax-payers whose turnover is less than ₹ 1.5 crore, irrespective of goods or services they deal in. The government also wants the Centre to allot the tax-payers whose turnover is above ₹ 1.5 crore in proportion to the number of VAT dealers and service tax assessees dealt at present by the State and Central government tax authorities respectively.

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nts. The committee also favoured proportionate allotment of VAT and service tax assessees.

- Reply By Ganeshan Kalyani - The Reply = GST is a Destination based Tax. Tax is levied on consumption of Goods and Services. The burden of taxation moves from the manufacturing /producing states to the consuming states. The constitution had to be amended because Centre will tax goods beyond the stage of manufacture & states will tax services. Also states to impose interstate tax on Imports. .....

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n Kalyani - The Reply = GST is a tax on Value Addition at every stage. It aims at providing seamless credit at every stage. This will reduce the cascading effect of taxes levied under different Acts. - Reply By Ganeshan Kalyani - The Reply = When goods or services are supplied within the state (Intra State) SGST & CGST would applyWhen goods or services are supplied from one state to another (Inter State) IGST would applyWhen goods or services are imported from different countries IGST (CVD/R .....

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mmendation that these exemptions be replaced by a new system of cash subsidy, official sources said. The government believes that cash subsidy is not sound economics. The policy stance is clear: area-based exemptions are being phased out, but units set up on the promise that the bounty would be available for them for specified periods cannot be duped. The pay-first-get-refund-later policy is already there in Jammu and Kashmir, one of the states where tax holidays are given to industries. Industr .....

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system of tax payment and refund rather than no payment at all, a senior finance ministry official told FE. The official said while doing away with host of exemptions during the GST regime, the GST chain should not break so that an offset of input taxes is available to both units manufacturing the exempt goods and also to units consuming the exempt goods in subsequent manufacture or trade. Area-based exemptions also said to create economic distortion and affect the economic viability of units lo .....

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Reply = Goods fully exempted from the levy of excise duty and VAT by all the states be categorised as exempted goods in the GST regime as well, Federation of Indian Chambers of Commerce and Industry (FICCI) said in a release following a meeting here with the Empowered Committee of State Finance Ministers on the Goods and Services Tax. - Reply By Ganeshan Kalyani - The Reply = FICCI also requested the empowered committee that certain existing exemptions such as the area based exemptions under exc .....

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be four slab GST rates as under: 6% on precious metal, gems, stones, essential food items.12% on FMCG and non-essential food items18% Standard GST rate (most of the goods and service would be covered in this rate)26% some specific items including luxury cars.40% peak rate (this was proposed by Economic advisor which is not ruled out).Source : GST update - Reply By Ganeshan Kalyani - The Reply = The GST Council today met as part of a three-day meeting where it agreed upon a number of contentious .....

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a part of the CPI basket have anyway been decided to be kept out of GST. Source : money control - Reply By Ganeshan Kalyani - The Reply = A panel led by Chief Economic Advisor Arvind Subramanian had earlier proposed a four-tier tax structure of 2-6 percent for precious metals, 12 percent for essential commodities, 16.9-18.9 percent standard rate and 40 percent for demerit goods.Source: money control - Reply By Ganeshan Kalyani - The Reply = Experts say that 26% shall tend to attract more and mor .....

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proposed to be exempt from the tax and 50 percent of the items of common usage will be exempt to keep the inflation under check. - Reply By Ganeshan Kalyani - The Reply = A few hours after the three-day meeting of the newly-formed GST Council commenced, there are indications that there may be another round of discussion required as differences between Centre and the states persist, according to people privy to the meet, reports CNBC-TV18 s Sapna Das. - Reply By Ganeshan Kalyani - The Reply = A .....

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lyani - The Reply = Consensus on GST rate could not be achieved in the GST Council meeting concluded on 19.10.2016. - Reply By Ganeshan Kalyani - The Reply = Consensus achieved on compensation formula in the GST Council meeting. - Reply By Ganeshan Kalyani - The Reply = Compensation formula proposed by GST Council wherein 14% tax revenue growth is estimated for states for a period of first five years, the period for which the states will be compensated for five years from the base year 2015-2016 .....

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w indirect tax regime, Goods and Services Tax (GST), from April 1, 2017. In its meeting with states this week, the Centre has proposed a four slab GST rate structure. The lowest rate proposed is 6 per cent, with two standard rates of 12 and 18 per cent. The peak rate, which will mostly apply to FMCG and consumer durables, will be 26 per cent. Besides, a cess is also likely to be levied on demerit or sin goods and polluting items. According to the Centre s estimates on impact of the 4-slab rate s .....

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igerators, electric fans and cooking appliances may become cheaper with the incidence of taxes on them declining from 29 per cent to 26 per cent post implementation of the GST. Perfumes, shaving cream, powder, hair oil, shampoo, soap, and other toiletry items will become cheaper as they too presently are taxed at 29 per cent. Gas stove, gas burner, mosquito repellent and insecticide may, however, become expensive as they are currently taxed at 25 per cent, lower than the proposed peak rate of 26 .....

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th. Saying that the four tier rate structure was designed in a way that neither the exchequer lose revenue nor does the common man s tax liability increase significantly, Finance Minister Arun Jaitley had said: the effort will be to fit the goods in the closest tax bracket under GST . - Reply By Ganeshan Kalyani - The Reply = The government is making all effort to implement GST by 01.04.2017 - Reply By Ganeshan Kalyani - The Reply = All issues of GST will be discussed in the next GST meeting. - .....

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le GST loss (1)All the states unanimously accepted the formula for the compensation to states.(2) GST COUNCIL suggested 4 rates as below1.6% for essential items2.12% for standard items3.18% for standard items4.26% for luxury itemsHowever the council did nt reached an agreement for the finalisation of rates.The council will meet again . - Reply By Ganeshan Kalyani - The Reply = Gst liability can be paid by debit card, credit card, Neft, rtgs etc. No need to open an account - Reply By Ganeshan Kal .....

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ovider (MSP) for GSTN. - Reply By Ganeshan Kalyani - The Reply = GSTN, a not-for-profit entity incorporated in March 2013, has been set up primarily to provide IT infrastructure and services to the Central and State governments, taxpayers and other stakeholders for implementation of GST. - Reply By Ganeshan Kalyani - The Reply = Amalgamation of the Railways and General budgets has brought the 92-year-old practice to an end. The government proposes to advance the budget presentation date from the .....

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will bring down prices of most of the commodities. But it has been noticed in many countries that traders and firms have raised prices in the garb of GST. There could be a separate price surveillance authority subsequently. We are looking into it, an official said. Services is one area which could be costlier if the standard GST rates are jacked up more than 22%, analysts believe. At present, the services tax rate is close to 15%. In case the standard GST rate is set at 22% or above, services t .....

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r amongst comparable emerging economies… Our recommendations would still place India at the upper end of the standard rates found across comparable countries. It is worth emphasising that the GST is intrinsically a regressive tax and the higher the rate, the greater will be the regressivity. The government is planning to rollout the single most powerful tax reform since independence from April 1, 2017. For that, it will need to pass two GST legislations - CGST and IGST - in the Winter ses .....

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in the manner proposed in GST , so there was strong logic of imposing cess for funding specific purpose task. but now the revenue is proposed to be distributed among states and centre, so why this cess again.The taxes are ultimately going to be collected from the customer , who, in my view are unaware about the discussions and development of GST in actual sense. hence it is the job of trade association, in my view, to represent the authority , requesting the authority to draft tax law keeping al .....

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. the rates may give room to the dealer to mis classify their product in the lower tax bracket to save on tax payment . thus the rates should be such that all items are taxed in 12% and 18% rate and sin tax be 18% plus %. the link is given below for further reading . - Reply By Ganeshan Kalyani - The Reply = In GST council meeting today, four slab have been set at 5%, 12%, 18% & 28% for different items. These tax rate must be approved by Parliament. - Reply By Ganeshan Kalyani - The Reply = .....

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to common use items.Source: NDTV - Reply By Ganeshan Kalyani - The Reply = The peak rate of 28% will apply to luxury goods. Luxury cars, tobacco products and aerated drinks will attract an additional cess on top of the highest tax rate.Source : NDTV - Reply By Ganeshan Kalyani - The Reply = The tax rate agreed upon today must be now be approved by parliament, which meets from November 16 for the winter session. - Reply By Ganeshan Kalyani - The Reply = Fitment or categorization of items for eac .....

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THARRAJEN P S - The Reply = GST regime is round the corner and it will create a substantial change in the Indian Economy.Now the biggest challenge is whether Manufacturers/Traders be relieved from the submission of Concessional Forms like C,F,E-I,E-II,I etc etc etc.As the CST is re introduced as IGST,whether these concessional forms will be abolished or not is a big question.Members valuable views solicited. - Reply By Ganeshan Kalyani - The Reply = Sir concessional form will not be there under .....

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bsequently send to another job worker and likewise, and may, after completion of job-work, allow to- (a) bring back such goods to any of his place of business, without payment of tax, for supply therefrom on payment of tax within India, or with or without payment of tax for export, as the case may be, or (b) supply such goods from the place of business of a job-worker on payment of tax within India, or with or without payment of tax for export, as the case may be: Provided that the goods shall n .....

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Reply By Ganeshan Kalyani - The Reply = The Second day of meeting of GST Council remained inconclusive and state FM s to meet on November 20, 2016 to further discuss and sort out the differences. - Reply By Ganeshan Kalyani - The Reply =

Department of Commercial Taxes Panaji-Goa Procedure for enrollment of existing VAT Dealers on the GST System Portal 1. All registered Dealers under VAT or their Authorized Representatives should visit their respective Ward offices .....

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oprietor/Partners/Directors/Authorized Signatory in JPEG format, max. size 100 KB ; g) Authority letter for Authorized Signatory in PDF or JPEG format, max. size 1 MB ; h) Scanned copy of Bank Pass Book first page and another page showing few banking transactions in PDF or JPEG format, max. size 1 MB before proceeding for online pre-registration. 3. Dealer has to visit www.goacomtax.gov.in Portal and click on the Link Provisional Registration for GSTIN and follow instructions by using provisiona .....

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registration and in case of any difficulties faced in completing online provisional registration, please contact Helpdesk at respective Ward Offices. 7. Please complete your Online Provisional Registration on or before 29/11/2016 and ensure your smooth migration to GST regime and secure all benefits under transitional provisions under the new GST regime. Dipak M. Bandekar Commissioner of Commercial Taxes Government of Goa. Place: Panaji Goa Date: 02/11/2016. - Reply By Ganeshan Kalyani - The Rep .....

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is anyway nervous at the prospect of a Trump win in the US presidential elections.Given the long run-up to the GST agreement, part of the macro benefits such as the formation of a unified market for the country and supply-chain benefits should have been priced into the markets by now. But analysts say the impact of GST-related developments on individual stocks will be felt only after product-wise tax rates are fixed. Also, the multiplicity of rates may lead to a whole lot of litigation by firms .....

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es service tax going up from 15% to 18%.While the aim of multiple tax slabs is to minimize the impact on inflation and government revenues, growth could take a hit in the near term. The perception that goods will become cheaper after the GST could prompt consumers to postpone purchases of high-value consumer goods. Therefore, if the GST is implemented from April 2017, there could be a slightly negative impact on consumer demand in the run up to its implementation (i.e., in Q1 2017), said a Nomur .....

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iven the prevailing ambiguity on many aspects, a Religare Institutional Research report calls GST a leap of faith, adding that even though the structure scores high on progressivity and inflation neutrality, it is against the very essence of a simplified tax regime. There are also challenges such as getting the IT infrastructure in place followed by training of tax officers for a smooth integration.In short, while GST is now likely to be a reality soon, much depends on its implementation.Source .....

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y Ganeshan Kalyani - The Reply = Sharing an article on How India is on a verge of turning its good tax bad.http://www.gstindia.com/gst-how-india-is-on-the-verge-of-turning-its-good-tax-bad/ - Reply By Ganeshan Kalyani - The Reply = Sharing an article on tax rate . CII states that GST rate to be one or two tax slab rate. - Reply By Ganeshan Kalyani - The Reply = Sharing an article on impact of GST rate on company . - Reply By Ganeshan Kalyani - The Reply = Sharing an article - All India Gems and .....

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ani - The Reply = The GST Council at its meeting on November 4 failed to reach a consensus on which category of assessees would be governed by the Centre and which by states. Majority of states want a dual control structure. Below ₹ 1.5 crore turnover, states should tax, above ₹ 1.5 crore, it can be vertical division, Issac said. - Reply By Ganeshan Kalyani - The Reply = Dr Jitendra Singh said that the State of Jammu & Kashmir and the business community will have to come out of t .....

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16, 2017, and if it is not implemented by then, states will not be able to collect their share of taxes, and hence, there is not enough scope to further delay the decision, Jaitley said at an economic editors conference here. - Reply By Ganeshan Kalyani - The Reply = The Centre has circulated the draft goods and services tax (GST) Bills with the states...... - Reply By Ganeshan Kalyani - The Reply = GSTN had received over 300 applications from private firms who were seeking to become GST Suvidh .....

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Tax Department and Gujarat Commercial Tax department has published guidelines to register in GSTN . - Reply By Ganeshan Kalyani - The Reply = The Gujarat government announced the commencement of GST enrolment drive, under which existing tax payers registered under various state and central tax regimes, such as VAT, need to apply online to get the Goods and Service Tax Network (GSTN) number. - Reply By Ganeshan Kalyani - The Reply = The Winter session has begun. but the parliament is unlikely to .....

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India to familiarize them on the important features of GST.The Seminar is being organised by the GST Council in national capital. - Reply By Ganeshan Kalyani - The Reply = The Central Government has circulated the draft of the three GST related Bills -the Central Goods and Services Tax Bill, the Integrated Goods and Services Tax Bill, the Goods and Services Tax (Compensation for Loss of Revenue) Bill - to the State Governments.States have been given seven days to send their suggestions/ comment .....

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e service tax, services would become costlier given that the current service tax rate is 15 and the expected GST rate on most services would be taxed at a standard rate of 18 percent. - Reply By Ganeshan Kalyani - The Reply = The central government would compensate GST related revenue loss to the states for the first five years. - Reply By Ganeshan Kalyani - The Reply = GST is a destination-based tax levied on supply of goods and services simultaneously by both the central and state governments. .....

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most suitable States . - Reply By Ganeshan Kalyani - The Reply = Compliance cost for logistics companies is likely to increase since transporters whose vehicles pass through multiple states would need registration in each of these states to take input credit for expenses incurred in that state. - Reply By Ganeshan Kalyani - The Reply = Supply of goods without consideration are deemed as supply and would be subject to tax under GST regime. Thus free samples and promotional material in case of FMC .....

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sation should be very strong to provide such details. - Reply By Ganeshan Kalyani - The Reply = Every dealer is going to cover under GST . The threshold proposed is so low. This means the compliance is utmost important from seamless flow of credit which Ultimately depends upon the IT of a company . - Reply By Ganeshan Kalyani - The Reply = GST is most significant tax reforms . - Reply By Ganeshan Kalyani - The Reply = All dealers need to be ready to implement GST when the date of implementation .....

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- The Reply = GSTN is a not for profit organisation created for special purpose. - Reply By Ganeshan Kalyani - The Reply = GST will result better tax conplaince under GST due to better network . - Reply By Ganeshan Kalyani - The Reply = Complaince cost under GST is going to increase. - Reply By Ganeshan Kalyani - The Reply = The list of goods covered under the proposed tax structure is expected by the dealers to analyse the impact of increase/ decrease in the business expense income etc due to .....

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e required to file fresh application in the GST Common Portal for the State in which the tax payer desire to seek registration. Also, tax payer needs to inform its Central Jurisdictional Authority. - Reply By Ganeshan Kalyani - The Reply = Government has launched the existing registration migration project under GST. Existing tax payer registered under VAT/ ST/ Excise have to migrate their registration as per allotted dates. - Reply By Ganeshan Kalyani - The Reply = The Lok Sabha had already lis .....

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/gst/revised-gst-lawsThanks. - Reply By Ganeshan Kalyani - The Reply = States will receive provisional compensation from Centre for loss of revenue from implementation of GST every quarter but the final annual number would be decided after an audit carried out by CAG. - Reply By Ganeshan Kalyani - The Reply = Supplies made to SEZ units to be treated as zero rated supplies under GST. - Reply By Ganeshan Kalyani - The Reply = The government is keen to ensure that the three legislations are approve .....

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gits represent the PAN of the tax payer. The thirteenth digit represents the entity number of the same PAN holder in a state. The Fourteenth digit represents the alphabet Z by default and the last digit represents - check sum digit. - Reply By Ganeshan Kalyani - The Reply = The draft law would be taken up for consideration by the GST Council headed by Finance Minister and comprising all States representative at rhe next meeting in December . - Reply By Ganeshan Kalyani - The Reply = Centre to pa .....

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e a game changer. It is an efficient tax system . It will certainty help the consuming States. - Reply By Ganeshan Kalyani - The Reply = GST provisional registrations are started only for those who are already registered with Sales Tax Department. The registrations has not been started for those taxpayers who provide only services. - Reply By Ganeshan Kalyani - The Reply = The government is not in favour of restricting the administration of businesses up to ₹ 1.5 crore to state tax authori .....

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eting on December 11, 12. - Reply By Ganeshan Kalyani - The Reply = Confederation of All India Traders (CAIT) suggested that there should be one single return and single authority to control the taxation system and only then the tax net will be widen and revenue will be increased. However it seems that States would like to retain some administration control with them. - Reply By Ganeshan Kalyani - The Reply = Punjab Pradesh Byopar Mandal (PPBM) says that the processig unit vanished from this bor .....

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y Ganeshan Kalyani - The Reply = Union Finance Minister says, GST Council is deliberating on ways to reduce the taxation process, including assessment by tax officials. Today, each person gets assessed thrice, in each of the three taxations (including VAT and central excise). Now, you will only be assessed once and what one authority assesses, others will have to accept that assessment, he said. - Reply By Ganeshan Kalyani - The Reply = Whether GST will be implemented w.e.f. 01.04.2016 or by Sep .....

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act . - Reply By Ganeshan Kalyani - The Reply = GST is a game changer. It subsumes various indirect taxes both levied by States as well as Central Government . The dealers were to deal with various department like Sales tax, Excise, Octroi etc. which was tedious job. Liasioning with Government department , no doubt, consumes time but also gives stress and tension . The assessment procedure is lengthy . Also appointing an Consultant to take care all these cases with different authority is costly .....

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t tax credit matching task would become a continuous task and there is going to be a huge data uploaded into GSTN and mismatch is ought to happen . Overall there is really a need for deducted staff for gst in a big company . - Reply By Ganeshan Kalyani - The Reply = Return for outward supply is required to be filed by 10th and inward supply by 15th and return to be filed with combined detail by 20th. Also there would be ISD return to be filed and Wct return as well. Thus, a dedicated staff to lo .....

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f GST seems defeated . Now it can be said that old system of having various rate and item schedule kept same under GST . What is new in this ? .This thought of few are correct but they need to rest assure that alteast by subming various tax seamless credit is allowed which in long run would reduce the tax rates. Something is better than nothing . Some change is better than no change. - Reply By Ganeshan Kalyani - The Reply = One of the requirement that need to be taken care is accounting syatem. .....

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shan Kalyani - The Reply = Companies with minimum transaction may not go for higher version accounting software. with lesser data the compliance is managible . - Reply By Ganeshan Kalyani - The Reply = As regard learning GST, conferences are also organised. - Reply By Ganeshan Kalyani - The Reply = The roll-out of the Goods and Services Tax (GST) regime is set to miss the April 1, 2017 deadline. It looks increasingly improbable that the three GST enabling Bills - the Central GST, Integrated GST .....

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rates. - Reply By Ganeshan Kalyani - The Reply = Recently GST Council decided on having a four tier rate structure under GST in India. It sparked a debate on possibility of having a one tax rate structure. CBEC Chief Najib Shah says that How can you possibly have one rate for edible oil and car or for atta and computers. We cannot have one rate. We have to have multiple rates. - Reply By Ganeshan Kalyani - The Reply = Zero-rated supply refers to items that are taxable, but the rate of tax is Ni .....

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the Parliament said, The kacha bill and pakka bill system in our country has helped mobilize back money. GST will help put an end to this. - Reply By Ganeshan Kalyani - The Reply = CII Director-General Chandrajit Banerjee has said : The GST should begin with an absolute limit of four rates as suggested by the Government, and over time, government should commit to converging these four rates to one or two rates. - Reply By Ganeshan Kalyani - The Reply = Tax experts said the April,1 GST rollout d .....

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Parliament but now it appears that the legislations may be placed in the budget session which starts in January. - Reply By Ganeshan Kalyani - The Reply = FM says, The luxury of time is not available to us because 1st April is the first possible day for GST implementation and if that does not happen then the last date constitutionally defined is 16th of September 2017. So the discretion as to when to implement GST is only five months and 16 days and that's why we don't have the luxury of .....

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ive backing , taxes could not be levied. - Reply By Ganeshan Kalyani - The Reply = The GST Council has announced that demerit goods like tobacco will be subject to the highest GST rate of 28 plus an additional cess. Tobacco taxation as a fiscal policy is a 'win-win' situation. It not only increases revenue generation but also reduces the consumption of tobacco especially for the young and poor. - Reply By Ganeshan Kalyani - The Reply = India's GST reform is a historic opportunity to .....

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ased a report card highlighting progress on GST implementation. The report card indicates that Government of India lost no time in implementing the GST so far. It has taken number of important decisions to pave way for roll out of GST with effect from 1st April 2017. - Reply By Ganeshan Kalyani - The Reply = With the introduction of GST most of the central and state taxes / duties will be subsumed under GST . Thus it is expected that the incentives available to domestic manufacturers under the c .....

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eply = Jaitley suggested there is a need that each assessee is assessed only once since central taxes like excise and service tax and state levies like VAT are being subsumed into one. You have the pre-existing (tax) machinery of the Centre and states. (It has to be decided) how the burden of this assessment is going to be shared between the Centre and states and how we cross-empower both the Centre and states, he said further.Saying GST will usher in a common taxation and should lead to a feder .....

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stitutional amendment legislation that allows a national sales tax by subsuming central and state levies. - Reply By Ganeshan Kalyani - The Reply = According to the finance minister, there are about ten important decisions that have already been taken through consensus. The legislations which have to be passed by Parliament and state legislatures are currently in the process of being drafted. - Reply By Ganeshan Kalyani - The Reply = Describing it as an opportune time to invest in India, Prime M .....

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, there will be one tax allowing companies to save from the existing cumulative 25-30% tax burden and reduce it to 17-18% through a single unified tax and the advantage of logistics and processing costs thereof, said K Krishnamoorthy, Chairman, India Electronics & Semiconductor Association. - Reply By Ganeshan Kalyani - The Reply = All entities exempted from payment of indirect tax under any existing tax incentive scheme would pay tax in the GST regime and the decision to continue with any i .....

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masala and tobacco products, over and above the rate of 28% for payment of compensation to the States. - Reply By Ganeshan Kalyani - The Reply = States would be compensated for 5 years for loss of revenue due to implementation of GST, the base year for the revenue of the State would be 2015-16 and a fixed growth rate of 14% will be applied to it. - Reply By Ganeshan Kalyani - The Reply = The threshold limit for exemption from levy of GST would be ₹ 20 lakhs for normal States and ₹ 1 .....

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es with bands of GST. - Reply By Ganeshan Kalyani - The Reply = The GST related draft laws and Provisions for cross empowerment to ensure single interface under GST are under consideration of the GST Council. 99 Sections of the Model GST Law have already been discussed by the Council and remaining Sections will be discussed in the next meeting of the Council scheduled for 22-23 December, 2016. - Reply By Ganeshan Kalyani - The Reply = Winter session of Parliament started in November 16, 2016 and .....

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ral meeting (AGM) of FICCI. - Reply By Ganeshan Kalyani - The Reply = Indian Medical Association has requested the government to exempt healthcare services provided by private hospitals. We feel that that the GST exemption of healthcare services offered to government institutions in the proposed tax structure should be extended to the private sector as well said Dr K K Aggarwal, the national president-elect of Indian Medical Association. - Reply By Ganeshan Kalyani - The Reply = In GST Council m .....

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iscussed 99 sections and a few clauses need to be redrafted. We would change that during the course of time. Hopefully, in the next meeting we would be able to clear the legislation part, Jaitley said.Next GST Council meeting will take place on December 22-23. - Reply By Ganeshan Kalyani - The Reply = Central Board of Excise and Customs (CBEC) yesterday said that it has started the exercise of putting the goods in the four tax slabs. We have started the exercise of putting goods into various tax .....

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ly By Ganeshan Kalyani - The Reply = Proposed model GST Law calls for three monthly statements and annual return at minimum per state. It also speaks of input credit matching. In all likelihood, compliance is set to go up. Therefore, systems should be in sync to throw reports that would enable timely compliance. - Reply By Ganeshan Kalyani - The Reply = As per the proposed GST Law, zero rated supply means any of the following taxable supply of goods and/or services, namely -(a) export of goods a .....

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supply, shall be treated as a supply of such principal supply; (b) a mixed supply comprising two or more supplies shall be treated as supply of that particular supply which attracts the highest rate of tax. - Reply By Ganeshan Kalyani - The Reply = Section 48 of the Revised Model GST Law provides for refund of un-utilized input tax credit to exporter of goods/ services. Under original Model GST Law, 80% upfront refund within sixty days sanctioning clause was inserted i.e. on provisional basis s .....

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most effected since under current law, almost every service provider is operated under centralised registration scheme wherein 2 returns in a year is all they file. Under GST, the dealers need to file their return for every states where they have business operations after getting GST registration . - Reply By Ganeshan Kalyani - The Reply = Real Estate sector is likely to be taxed at 18%. Experts believe that GST rate of 18 per cent would be higher than the current effective rate of VAT and servi .....

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Sumit Lunker said the April 1 rollout deadline seems challenging, as the CGST and IGST laws can be passed only in the Budget Session in early February. Thereafter, states will have to pass the SGST law in their assemblies. After the law is passed, industry would need at least 3-4 months time to be GST ready, especially on the IT infrastructure front. Most IT companies would come out with their patches and updates after the final law is crystallised. July 1 appears to be a more feasible date for .....

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already cleared discussion on 20 chapters and only 7 chapters remain. While the issue of dual control remains unresolved till date, state governments across the country are keen to implement GST at the earliest. I am hopeful that the GST Council in its December 22-23 meeting will arrive at a consensus on the pending issues, he said. - Reply By Ganeshan Kalyani - The Reply = Deloitte Haskins & Sells LLP Partner Prashant Deshpande said practically April 1 deadline looks unachievable because of .....

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, consensus on dual control could not be established.However, to bring this back on track, GST Council meeting was called on December 22-23. Here s what can be expected from 2 day meeting starting tomorrow:1. Finalisation of GST Bills2. Achieve consensus on dual control/ administration. - Reply By Ganeshan Kalyani - The Reply = Central Board of Excise and Customs released Frequently asked Questions (FAQs) in English. Later, for benefit of trade and to achieve wide reach - FAQs are understood by .....

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ystem as well and ensure that they are technology enabled for doing the GST compliances, which is critical for claiming the GST credits. With a bit of delay in the GST implementation, industry will be better geared up for transitioning their systems and processes. says Pratik Jain, partner and leader indirect tax, PwC - Reply By Ganeshan Kalyani - The Reply = The Goods & Services Tax (GST) Council yesterday approved structure of Central Goods & Services Tax (CGST) and State Goods & S .....

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ses accruing on account of the adoption of the new tax regimeThe stage is now set for a dialogue on the final agenda item: cross empowerment. The council will meet on 3-4 January to resolve this issue. - Reply By Ganeshan Kalyani - The Reply = The Centre will impose a cess on luxury items like high-end cars and demerit goods including tobacco, pan masala and aerated drinks, over and above the highest 28%. Under the structure, the clean energy cess and cess on luxury items and demerit goods would .....

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he first five years of the GST roll out. - Reply By Ganeshan Kalyani - The Reply = The council will again meet during January 3-4, to hammer out an agreement on the issue of dual control or cross-empowerment .The original deadline to roll-out GST from April 1, 2017 appears increasingly unlikely. Our effort is to make it early as possible, Jaitley said.Source: money control - Reply By Ganeshan Kalyani - The Reply = Under GST, the states and the Centre will collect identical rates of taxes on good .....

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n Kalyani - The Reply = The Centre is pushing for a vertical division of the assessee-base without a turnover threshold. Under this model, both states and the union government will have oversight powers on a certain fixed proportion based on the number of assessees, rather than the turnover. - Reply By Ganeshan Kalyani - The Reply = Jaitley said that a committee is concurrently working on the classification exercise-a comprehensive list specifying the tax rate that each good and service will att .....

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is being offered for digital premium payments for PSU general insurers should also be extended to other insurers. Source : money control - Reply By Ganeshan Kalyani - The Reply = MS Mani, Indirect tax expert at Deloitte said that clearing CGST is a positive step in the GST process. Demonetisation and GST both are directed towards pushing unorganized sectors into organised, Mani added. - Reply By Ganeshan Kalyani - The Reply = We have cleared the Model GST Law, and all the procedural parts&hellip .....

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id, adding that the cess collections will be exclusively used by the Centre to compensate states. - Reply By Ganeshan Kalyani - The Reply = The centre, on the other hand, is keen on equal division of all assesses between the two authorities to ensure single interface with any one authority in line with constitutional amendment. It has mooted the idea of crossempowerment wherein both authorities can work in tandem on key functions of audit and registration of new assesses - Reply By Ganeshan Kaly .....

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, has resulted in a commensurate reduction in the price of the goods or services supplied.Also, the authority would have powers to impose penalties where the prices of goods or services supplied are not reduced. While the intent of such a proposal cannot be questioned, the industry believes that it will be very difficult to implement and the costs of compliance and administration will significantly outweigh the risks that some businesses will seek to profiteer from the change in indirect tax sys .....

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services tax (GST) regime. - Reply By Ganeshan Kalyani - The Reply = Telecom is an infrastructure service designated as an essential service under the Essential Services Maintenance Act, 1968, and is availed by masses, said Rajan Mathews, director- general of the Cellular Operators Association of India (COAI). - Reply By Ganeshan Kalyani - The Reply = FM impressed upon the gathering the importance of coordination between the Central and the State administration in smooth transition from the old .....

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- The Reply = While the entire enrolment process is online driven, users are facing various challenges in conversion. Sales tax bar association (Delhi) has written to Delhi VAT Commissioner highlighting problems faced by dealers. - Reply By Ganeshan Kalyani - The Reply = Union Minister for Parliamentary Affairs H N Ananth Kumar today expressed hope about the roll out of the Goods and Services Tax (GST) regime from coming April, saying the government is pushing ahead with the agenda. - Reply By G .....

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y Ganeshan Kalyani - The Reply = In GST Council meeting beginning today - GST Council is expected to form consensus on Dual Control administration and discuss IGST Law. Thereafter, present the laws before parliament in budget session. - Reply By Ganeshan Kalyani - The Reply = Not even a single assessee registered in J&K has converted to GST. The reason being state government has not participated in this grand transition to GST plan.Currently, J&K is outside the purview of Service Tax. J& .....

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nd Industry Minister Nirmala Sitharaman said refund of taxes takes about six to eight months and hence it is necessary to give an ab-intio exemption . - Reply By Ganeshan Kalyani - The Reply = Concept of centralised registration did not find space under the Model GST Law. This meant that every service provider who has single/ centralised registration will have to de-centralise and register in multiple states. Implying, multi fold increase in compliance. Mutiple assessments, audits, litigation et .....

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ndia by virtue of their business e.g. Telecom operators like Airtel, Vodafone and Banks like ICICI, HDFC. - Reply By Ganeshan Kalyani - The Reply = The gst enrolment process kicked off on 8th November 2016. As per the figures released in GSTN in only 7 states/UT more than 50% assessees have enroled under GST.Following States are ahead in GST enrolment with maximum number assesses. These are:1. Gujarat - 78.52%2. Madhya Pradesh - 77.68%3. Chhattisgarh - 74.66%4. Rajasthan - 67.7%5. West Bengal - .....

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cise duty and collections from other indirect taxes (excluding customs) that the Centre expects to earn between April to September, instead of full-year projections. - Reply By Ganeshan Kalyani - The Reply = Nasscom President R Chandrashekhar highlighted the issue of de-centralized registration under GST. He said that under IT sector contracts are central but services are provided from multiple locations and are delivered within and outside India. This raises serious challenges with invoicing an .....

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stoms Excise & Narcotics (NACEN) has released video tutorials to explain registration and refunds under GST in very simple way. You can watch the video from below links:1. Refunds under GST2. Registration under GSTThe videos explain how refunds and registration process would work under GST. Hope you find them useful! - Reply By Ganeshan Kalyani - The Reply = There is some thinking of an increase in the service tax rate in case the GST is not implemented from April. A higher rate will help im .....

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under service tax law for exemption is likely to raised from ₹ 10 lacs to ₹ 25 lacs. Increasing the cap will suit startups and other small scale ventures to stay out of service tax net. It also eases compliance and administrative hassles some bit for them. A government official said. - Reply By Ganeshan Kalyani - The Reply = Goods and Services Tax will usher in a very simple and less burdensome taxation regime as it will be a single rate indirect tax which can be paid by debit/credit .....

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edure, it will become very very simple for the people to pay taxes, Adhia said. - Reply By Ganeshan Kalyani - The Reply = GST taxes can be paid by way of NEFT, RTGS, cheque, and debit/credit cards etc. - Reply By Ganeshan Kalyani - The Reply = GST is a very very simple thing to follow, it is going to be very easy for all of you. There will not be any border restriction when you move goods from one state to another. And many of the small small taxes will go away. It will be one unified tax, Adhia .....

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ile 51 per cent is controlled by private companies, including HDFC, ICICI Bank among others. Some of these private entities are controlled by foreign institutional investors (FIIs). - Reply By Ganeshan Kalyani - The Reply = Nagesh Rao, nodal officer and Joint Commissioner of Commercial Taxes, VAT Division, Mysuru, said the window for registration for migration in Karnataka is January 1 to 15. This would ease the process of registration as there is a dedicated line and bandwidth, which would ensu .....

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Kalyani - The Reply = The Rajasthan state government will incorporate the provisions of Goods and Service Tax (GST) in the budget even if its implementation is delayed by the Centre beyond April.The budget will have separate heads under GST and well-laid guidelines of tax distribution. Sources claim the budget will be presented like every year in the same format but with additional features. - Reply By Ganeshan Kalyani - The Reply = Companies will now start locating manufacturing plants on the .....

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