GST Practitioners exam dates announced by NACIN (http://imojo.in/2n5nv9)

By : CS K. K. Agrawal




National Academy of Customs, Indirect Taxes and Narcotics (NACIN), Faridabad

DEPARTMENT OF REVENUE, MINISTRY OF FINANCE
GOVERNMENT OF INDIA EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS

NACIN has been authorized to conduct an examination for confirmation of enrollment of Goods and Service Tax Practitioners (GSTP) in terms of sub-rule (3) of rule 83 of the Central Goods and Service Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated 28.5.2018.

The GSTPs covered under rule 83(1)(b) read with second proviso to rule 83 (3) of said rules, are required to pass the said examination before 31.12.2018. The schedule of examination, syllabus of examination and the website for registration for examination will be notified in due course.

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Registration in GST : Happy changes : Cancellation, Assam and E Commerce...

By : CS K. K. Agrawal




Explanation (iii) to section 22 the expression “special category States” shall mean the States as specified in sub-clause (g) of clause (4) of article 279A of the Constitution except the State of

Jammu and Kashmir and Assam.



24 (x) every electronic commerce operator who is required to collect tax at source under section 52;



An e-commerce operator is presently required to take compulsory registration in terms of section 24(x) even if his aggregate turnover in a financial year does not exceed Rs. 20 lakhs. Clause (x) of section 24 is being amended to provide that only those e-commerce operators who are required to collect tax at source under section 52 would be required to take compulsory registration. Other e-commerce operators who are not required to collect tax at source under section 52 would henceforth not be required to take registration if their aggregate turnover in a financial year did not exceed Rs. 20 lakhs.



This is a taxpayer-friendly measure. Small e-commerce operators who are not required to collect tax at source under section 52 would now be eligible for availing the threshold exemption limit benefit for registration purposes.



25 (2) A person seeking registration under this Act shall be granted a single registration in a State or Union territory:



Provided that a person having multiple business verticals in a State or Union territory may be granted a separate registration for each business vertical, subject to such conditions as may be prescribed:



Provided further that a person having multiple places of business in a State or Union territory may be granted a separate registration for each such place of business, subject to such conditions as may

be prescribed:



Provided also that a person having more than one unit, as defined in the Special Economic Zones Act, 2005 (28 of 2005), in a Special Economic Zone shall be granted a separate registration for each such unit, subject to such conditions as may be prescribed.



It is proposed to allow persons having multiple places of business in a State or Union territory to obtain separate registrations for each such place of business.



As per the extant provisions, a person seeking registration under the Act shall be granted a single registration in a State or Union territory. However, if he has multiple business verticals in a

State or Union territory, he may obtain separate registration for each business vertical. Certain PSUs have requested for separate registration for their individual units in a State, a facility which was available prior to 1st July 2017.



In line with the amendment to allow a person having multiple places of business in a State or Union territory to obtain separate registration for each such place of business, a person having multiple units in an SEZ is also being allowed to take separate registration for each such unit.



This amendment is a taxpayer friendly measure.



It is proposed to insert the provisions of separate registration for a person having a unit(s) in a Special Economic Zone or being a Special Economic Zone developer as a business vertical distinct from his other units located outside the Special Economic Zone. This provision is already contained in rule 8 of the CGST Rules.



29 (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person, cancel the registration, in such

manner and within such period as may be prescribed, having regard to the circumstances where,––

(a) ..

(b) ..

(c) the taxable person, other than the person registered under subsection (3) of section 25, is no longer liable to be registered under section 22 or section 24.:



Provided that pending cancellation of registration, the proper officer may suspend the registration of the person subject to such conditions and limitations as may be prescribed.







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Relaxation in availability of ITC on motor vehicle after proposed amendm...

By : CS K. K. Agrawal






SECTION 17(5). BLOCKED CREDIT

Notwithstanding anything contained in sub-section (1) of section 16 and sub-section (1) of section 18, input tax credit shall not be available in respect of the following, namely:—

(a) motor vehicles for transportation of persons having approved seating capacity of not more than (i.e. upto) 13 persons (including the driver), vessels and aircraft and other conveyances

(therefore ITC on bus and mini bus available whose sitting capacity exceeds 13)


except when they are used––

(i) for making the following taxable supplies, namely:—

(A) further supply of such vehicles or vessels or aircraft conveyances; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles, vessels or aircraft or conveyances;

It is proposed to expand the scope of ITC availability in case of motor vehicles having approved capacity of upto 13 persons (including the driver) in case it is used for specified purposes.

(ii) for transportation of goods; and

The amendment is sought to make it clear that input tax credit would now be available in respect of dumpers, work-trucks, fork-lift trucks and other special purpose motor vehicles.

After the amendment is carried out, input tax credit would be denied only in respect of motor vehicles for transport of persons having approved seating capacity of not more than 13 persons (including the driver), vessels and aircraft when these are used for personal purposes

(iii) for transportation of money for or by a banking company or a financial institution.

An amendment is also being made to the effect that ITC will not be denied in respect of motor vehicles if they are used for transportation of money for or by a banking company or a financial institution.

(aa) services of general insurance, servicing, repair and maintenance in so far as they relate to motor vehicles, vessels and aircraft for which the credit is not available in accordance with the provisions of clause (a);

The proposal is to clarify that ITC in respect of services of general insurance, servicing, repair and maintenance in respect of those motor vehicles, vessels and aircraft on which ITC is not available under clause (a).


(b) the following supply of goods or services or both—

(i) food and beverages,

outdoor catering,

beauty treatment,

health services, cosmetic and plastic surgery,

renting or hiring of motor vehicles, vessels and aircraft referred to in clause (a),

life insurance and health insurance except

where an inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply;

(ii) membership of a club, health and fitness centre; and

(iii) rent-a-cab, life insurance and health insurance except where-

(A) the Government notifies the services which are obligatory for an employer to provide to its employees under any law for the time being in force; or

(B) such inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as part of a taxable composite or mixed supply; and

(iii) travel benefits extended to employees on vacation such as leave or home travel concession:

Provided that the input tax credit in respect of such goods or services or both shall be available, where the provision of such goods or services or both is obligatory for an employer to provide to its employees under any law for the time being in force



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Income tax and GST classes (Download link) :
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GST Video lecturers for GST Practitioners :
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