Archives April 2018

शताब्दी-राजधानी के खाने में 18 फीसद वसूला जा रहा है GST

शताब्दी-राजधानी के खाने में 18 फीसद वसूला जा रहा है GST
Thu Apr 05 10:31:06 IST 2018

नई दिल्ली (दीपक बहल)। रेल मंत्री पीयूष गोयल ने पिछले दिनों ट्रेन और स्टेशन पर खानपान में यात्रियों से अवैध वसूली रोकने के लिए बिल अनिवार्य कर दिया। इस आदेश के बाद वस्तु एवं सेवा कर (जीएसटी) में रेलवे का खेल सामने आ गया। स्टेशन पर खानपान में जहां पांच फीसद जीएसटी वसूला जा रहा है, वहीं इसी खाने पर ट्रेन में 18 फीसद टैक्स लिया जा रहा है।

शताब्दी-राजधानी में तो टिकट में ही यात्रियों से 18 फीसद जीएसटी लिया जा रहा है, जबकि अन्य ट्रेनों में भी 18 फीसद जीएसटी लिया जाता है। हालांकि, स्टेशन पर पहले जीएसटी 12 फीसद था, जिसे घटाकर पांच फीसद कर दिया गया। रेलवे बोर्ड ने सकरुलर नंबर 44-2017 को 29 जून 2017 को जारी किया था। इस सकरुलर के मुताबिक एक जुलाई से 18 फीसद जीएसटी लेने का आदेश जारी किया गया। यह भी स्पष्ट किया गया कि शताब्दी-राजधानी व दुरंतो के टिकट किराये में ही जीएसटी जुड़ा होगा।

इसको सर्विसदाता केटरर वापस ले सकेगा। पेंट्री कार पर भी यही व्यवस्था है, जहां यात्री से नकद भुगतान लिया जाता है। इस मामले में अंबाला के डीआरएम दिनेश चंद्र शर्मा ने कहा कि स्टडी करने पर ही इस मामले में कुछ बता सकते हैं। रेलवे ने सर्कुलर नंबर 79 के तहत आदेश जारी किया, जिसमें जीएसटी 12 फीसद से घटाकर पांच फीसद कर दिया गया। हालांकि, स्टेशन व ट्रेनों पर जीएसटी कितने फीसद लिया जा रहा है इस बात से यात्री बेखबर हैं।

फाइव स्टार होदल में 18 फीसद जीएसटी

फाइव स्टार होटल जिसमें रेस्टोरेंट व कमरे का किराया 7500 रुपये हो वहां पर ही 18 फीसद जीएसटी वसूला जाता है। ट्रेनों में मोबाइल कैटरिंग के नाम से 18 फीसद जीएसटी लिया जा रहा है।

Due Dates during the month of April 2018

Due Dates during the month of April 2018

  1. 10-04-2018- Due date for filing GSTR -1 for the month of February 2018 – Applicable for taxpayers with Annual Aggregate turnover More than 1.5 Crore.
  2. 14-04-2018- Due date for issue of TDS Certificate for tax deducted under section 194-IA/194IB in the month of Feb 2018
  3. 15-04-2018- PF & ESI Payment for m/o March 2018.
  4. 18-04-2018 – Due date of GSTR-4 (filed by Composite dealer) for the period of Jan 2018 to March 2018
  5. 20-04-2018- GSTR-3B (GST Monthly Summery) for the Month of March 2018
  6. 30-04-2018- Due date for filing GSTR -1 for the quarter ending March 2018 – Applicable for taxpayers with Annual Aggregate turnover upto 1.5 Crore
  7. 30-04-2018- Due date for deposit of tax deducted/collected at source for the month of March 2018
  8. 30-04-2018 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194IA/194-IB in m/o March 18
  9. 30-04-2018- Due date for uploading declarations received in Form 15G/15H during the period Jan to March 2018
Govt sets up grievance redress mechanism for tech glitches on GST portal

Govt sets up grievance redress mechanism for tech glitches on GST portal

By IANS | New Delhi | Last Updated at April 04 2018

The government on Wednesday said it had set up a grievance redressal mechanism to address difficulties faced by taxpayers due to technical glitches on the Goods and Services Tax portal.

Under the new mechanism, if any taxpayer was unable to file any form or return due to a technical glitch by the due date, he or she would be allowed to do so within a stipulated time period.

In case any taxpayers could not complete the process of filing TRAN-1 (transitional credit form) in time due to the IT glitch, he or she would be allowed to complete the process by April 30.

The filing of GSTR 3B return for such TRAN-1 will have to be completed by May 31, the Finance Ministry said.

It added that the Goods and Services Tax (GST) Council has delegated powers to an IT-Grievance Redressal Committee to approve and recommend steps to be taken to redress the grievances and provide relief to the taxpayers.

The taxpayers would have to approach field officers/nodal officers where there was a demonstrable glitch on the common portal due to which the due process could not be completed.

“The IT Grievance Redressal Committee shall examine and approve the solutions as may be necessary for an identified issue,” an official statement said.

The relief could be in the nature of allowing filing of any form or return, or amending any form or return already filed, it said.

“The decision relating to filing of TRAN-1 will benefit 17,573 taxpayers who will consequently be able to avail of Rs 25.82 billion as Central GST credit and Rs 11.12 billion as State GST credit,” the statement said.

Composition GST rate

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,
SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 1/2018- Central Tax
New Delhi,

the 1
st January, 2018
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 10 of the
Central Goods and Services Tax Act, 2017 (12 of 2017) the Central Government, on the
recommendations of the Council, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department of Revenue),
No.8/2017- Central Tax, dated the 27
th June, 2017, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 647 (E), dated the 27
th
June, 2017, namely:-
In the said notification, in the opening paragraph, –
(a) in clause (i), for the words “one per cent.”, the words “half per cent.” shall be
substituted;
(b) in clause (iii), for the words “half per cent. of the turnover”, the words “half per cent.
of the turnover of taxable supplies of goods” shall be substituted.

[F. No. 354/320/2017- TRU]
(Ruchi Bisht)
Under Secretary to Government of India
Note: – The principal notification No.8/2017-Central Tax, dated the 27
th June, 2017,
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide
number G.S.R. 647(E), dated the 27
th June, 2017 and last amended by Notification No.
46/2017-Central Tax, dated 13th October, 2017 published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 1287 (E), dated the 13th
October, 2017.

Have you missed filing tax return for previous year (FY 2016-17)? Here’s what you should do

Have you missed filing tax return for previous year (FY 2016-17)? Here’s what you should do

MoneyControl • Apr 03, 2018 12:57 PM IST
By Navneet Dubey

Navneet Dubey
Moneycontrol News

Individuals who are having income exceeding the basic tax exemption limit are mandatorily required to file their tax return, under the Income Tax Act. The due date to file tax return for the immediate past Financial Year was July 31 each year. However, tax return can also be filed after the above due date as “belated tax return”. However, the Finance Act, 2016, has stipulated that belated returns can be filed within one year from the end of relevant assessment year (AY) or the completion of the assessment, whichever is earlier. So, for the Financial Year (FY) 2016-17 (Assessment Year 2017-18), the due date for a belated return is March 31, 2018, which is just gone by now. What should you do if you have still not filed your returns for 2016-17 and what consequences you might face if returns have not been filed?

Alok Agrawal, Senior Director, Deloitte India and Milind Halgekar, Manager at Deloitte Haskins & Sells LLP listed out the following implications of not filing the ITR on time:

=> Interest of 1% on the balance tax payable for each month of delay in filing a tax return.

=> From FY 2017-18 onwards, in case return is not filed within the due date, a fee of Rs 5,000 is applicable and if it is delayed beyond December 31, of the relevant assessment year then it is Rs 10,000. However, this will be restricted to Rs 1000 in case of individuals with income up to Rs 500,000;

=> Assessee will lose the ability to carry forward any eligible losses;

=> Will also lose out on claiming a refund of any excess taxes paid and consequential interest;

=> In case of failure to file a tax return from FY 2016-17 onwards, a penalty of 50% of tax payable (as under-reported income) is applicable;

=> There may be penalties under the Black Money Act for an individual who is ordinarily resident and has/had foreign income/ asset;

=> In case of serious willful attempt to evade taxes, rigorous imprisonment may be considered by the tax authorities which may extend to 7 years;

Apart from the above, the tax return may also be required as documentary evidence for any application for visas or for loans, etc.

While one should endeavour to file a tax return within the due dates, the applicable taxes should definitely be deposited into government treasury along with applicable interest if the return has not been filed for any reason.

Such payment should be communicated to the jurisdictional tax officer by filing a letter along with tax paid challan. In an event where it is noticed by tax authorities that the individual has not filed the tax return, but applicable taxes are already paid by way of tax deduction at source, advance tax or self-assessment tax, Revenue Authorities may choose to not to levy penalty (as indicated earlier, fee for delay in filing tax returns from FY 2017-18 would still be applicable).

Agrawal said that there are certain types of income on which tax may not be deducted at source, e.g. interest from savings bank accounts. In such cases, one must remember to pay the applicable taxes and inform authorities. Also, in case you have paid excess tax and also have carry-forward of losses, it is possible to approach tax authorities with an application for condonation of delay, subject to certain conditions. “This can be possible only if robust documentation can be provided to support the tax payment claims and also to demonstrate that there was a reasonable cause due to which the return could not be filed within the due date,” he said.

GST E-Way Bill: It’s all about ‘Jugad’

GST E-Way Bill: It’s all about ‘Jugad’

While the e-way bill was still getting tested, most local brands were already trying ways to avoid getting registered on the portal.

The last two days of the e-way bill implementation under the Goods and Services Tax (GST) regime, has been uneventful, with over 11.18 lakh tax payers known to have registered on the online e-way bill portal till date. Gone are the days when one would see long queues of trucks outside of state borders to pay local taxes. Now there is a portal-driven payment system, which promises to not only make lives of the transporters easier, but will also help the tax authorities to efficiently track movement of goods both inter-state as well as intra-state.

So, does the implementation of the e-way bill mean an end to tax-evasion?

Well, the 11.18 lakh tax payers that have registered themselves in the e-way bill portal are largely unorganised businesses, which are used to paying taxes. But if you travel to smaller markets across the country, you will comes across thousands of local businesses which are extremely successful, but have never ever paid any taxes whatsoever. While one would logically imagine that these unorganised brands or businesses would get wiped out in the GST era, the Indian ‘jugaad’ mentality helps them tide over every conceivable tax related challenge.

Indore, the business hub of Madhya Pradesh, is well known for its local food brands. Walk into any roadside shop to buy a packet of ‘namkeen’, there would be the regular Lays and Bingo on the shop shelves, but in addition to that there will be a plethora of local namkeen brands such as Motu Patlu, Pet Pooja and All Is Well sharing shelf space. In most cases these local brands have more takers as they offer competitive pricing, more grammage of the product and also keep the retailer happier by offering higher margins. But none of these brands, says a local wholesaler, pay taxes. They don’t even do proper billing to avoid paying taxes.

When GST was first announced in July last year, many local brands panicked and went out of market for over a month, says a local retailer at Indore. But most of these brands are back now after finding loopholes in the system which they can capitalise upon.

Most of these brands have now started generating bills for 10-15 per cent of their products, but continue to sell majority in the unorganised way. “I don’t know for how long they will be able to do business this way, but none of the local brands are doing business in the organised way,” says a distributor of an established food brand, based in Indore.

While the e-way bill was still getting tested, most local brands were already trying ways to avoid getting registered on the portal. A reasonably well-known ‘namkeen’ brand, says this distributor, has started transporting its products on Volvo buses just to avoid paying taxes, while some are using milk men to distribute their products.

Similarly, a detergent maker in the town of Rau, in the outskirts of Indore, cribs that despite having a GST number, he isn’t able to do business the proper way as his raw material suppliers refuse to give him a bill. “Even the wholesalers refuse to buy my products if I insist on billing, since I am an extremely small manufacturer.”

So, does evading taxes or not doing business in the proper way actually give them higher profits. “Not really. There is hardly any difference, but people are just not used to paying taxes,” says this detergent manufacturer.

This practise of not doing bill-based transactions is rampant in larger cities too. Walk into Crawford Market, the wholesale market of Mumbai, traders are more than happy to do cash transactions without generating a bill. They insist on transacting without a bill and lure the consumer with the carrot that he/she won’t be charged GST if they don’t insist on a bill.

Will GST and the e-way bill succeed in getting these well entrenched local brands to come within the tax bracket? One has to wait and watch. As of now most local businesses are trying to find a way out.

धर्मेंद्र प्रधान बोले- जल्द ही पेट्रोल-डीजल आएंगे GST के दायरे में, दोनों हो जाएंगे सस्ते

धर्मेंद्र प्रधान बोले- जल्द ही पेट्रोल-डीजल आएंगे GST के दायरे में, दोनों हो जाएंगे सस्ते

नई दिल्ली
Updated मंगलवार, 3 अप्रैल 2018

डीजल की कीमत ऐतिहासिक रूप से शीर्ष स्तर पर पहुंचने और पेट्रोल की कीमत पांच वर्ष के उच्चतम स्तर पर चले जाने के बीच केंद्रीय पेट्रोलियम एवं प्राकृतिक गैस मंत्री धर्मेंद्र प्रधान ने कहा है कि सरकार की कोशिश जल्द ही इन्हें वस्तु एवं सेवा कर (जीएसटी) के दायरे में लाने की है। यदि ऐसा होता है, तो दोनों ईंधन अपने आप सस्ते हो जाएंगे। राष्ट्रीय राजधानी दिल्ली में भारत स्टेज (बीएस) छह मानक के पेट्रोल और डीजल की बिक्री शुरू करने के बाद संवाददाताओं से बातचीत में प्रधान ने कहा कि दोनों ईंधनों की कीमत बढ़ने पर सरकार भी उतनी ही चिंतित है, जितने ग्राहक। लेकिन इनकी कीमत कम करने के लिए तत्काल कुछ नहीं किया जा सकता है। लेकिन इन्हें जीएसटी के दायरे में लाने की कोशिश धीरे-धीरे रंग लाती दिखती है। उनके मुताबिक, इस विषय पर पहले जीएसटी परिषद कोई बात सुनने को तैयार नहीं था, लेकिन अब इस पर चर्चा की सहमति बढ़ रही है। उन्होंने कहा कि हमने अपील की है कि जीएसटी परिषद में इससे संबंधित प्रस्ताव लाकर इसे पारित कराया जाए। सरकार के लिए ग्राहकों का हित सर्वोपरि है, लेकिन उसे सभी पक्ष को देखना पड़ता है। पेट्रो ईंधन पर ज्यादा कर लगाना मजबूरी प्रधान का कहना है कि राज्यों को कल्याण के सौ काम करने पड़ते हैं और उनके पास संसाधनों की कमी होती है, इसलिए उसके लिए पेट्रो ईंधनों पर ज्यादा कर लगाकर राजस्व जुटाना पड़ रहा है। इसके लिए भी कोई भी उपाय ढूंढा जाएगा, ताकि ये ईंधन जीएसटी के दायरे में आ जाएं। उल्लेखनीय है कि इस समय पेट्रोल तथा डीजल समेत कुछ वस्तुओं को जीएसटी के दायरे से अलग रखा गया है। जीएसटी की सूची में किसी भी तब्दीली के लिए केंद्रीय वित्त मंत्री की अध्यक्षता वाली जीएसटी परिषद से इस आशय का प्रस्ताव पारित होना अनिवार्य है। कीमतें तय करने में सरकार की भूमिका नहीं प्रधान का कहना है कि घरेलू बाजार में पेट्रोल और डीजल की कीमतें तय करने में सरकार की कोई भूमिका नहीं है। पिछले साल जून से ही तेल विपणन करने वाली सरकारी कंपनियां इसे दैनिक आधार पर तय करती हैं। घरेलू बाजार में दोनों ईंधनों की कीमतें तय करने में अंतर्राष्ट्रीय बाजार की कीमतों को आधार बनाया जा रहा है। उनका कहना है कि पिछले कुछ दिनों से अंतर्राष्ट्रीय बाजार में कच्चे तेल का दाम 70 डॉलर के ऊपर चला गया है, इसलिए कीमतें बढ़ रही हैं। सोमवार को भी कीमतें बढ़ीं राष्ट्रीय राजधानी दिल्ली में सोमवार को पेट्रोल की कीमत एक दिन पहले के मुकाबले 10 पैसे बढ़कर 73.83 रुपये प्रति लीटर पर थी, जो 14 सितंबर, 2013 के बाद का सर्वाधिक स्तर है। उस समय पेट्रोल की कीमत 76.06 रुपये पर पहुंच गई थी। इसी तरह सोमवार को डीजल की कीमत भी 11 पैैसे प्रति लीटर चढ़कर प्रति लीटर 64.69 रुपये पर पहुंची, जो अब तक का सर्वाधिक स्तर है।

Inter-state e-way bill rolled out; only Karnataka to launch intra-state

Inter-state e-way bill rolled out; only Karnataka to launch intra-state
PTI |
Updated: Apr 1, 2018, 16:07 IST

PTI
HIGHLIGHTS
From today, businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another
Karnataka is the only state which has implemented the e-way bill system for moving goods within the state
NEW DELHI: Nationwide electronic or e-way bill system for inter-state movement of goods has been rolled out on Sunday, with GSTN officials saying that the platform is working smoothly.
Karnataka is the only state which has implemented the e-way bill system for moving goods within the state. The state has been using the e-way bill platform since September last year for intra-state movement of goods.
From today, businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another.

Official at the Goods and Services Tax Network (GSTN), the company which has developed the IT backbone for GST regime, said that the e-way bill platform been working smoothly and Karnataka is also generating e-way bill for intra-state movement of goods.
Touted as an anti-evasion measure which would help boost tax collections by clamping down on trade that currently happens on cash basis, the e-way bill provision of the goods and services tax (GST) was first introduced on February 1.
However, its implementation was put on hold after the system developed glitches in generating permits. With several states starting to generate intra-state e-way bills on the portal, the system developed a snag.

Since then, the platform has been made more robust, so that it can handle load of as many as 75 lakh inter-state e-way bills daily without any glitch. The system has been designed and developed by National Informatics Centre (NIC).
Till early last week, 11 lakh entities had registered on e-way bill portal.
This compares to 1.05 crore registered businesses under the GST and about 70 lakh filing monthly returns.
The GST Council, last month, had decided on a staggered rollout of the e-way bill starting with inter-state from April 1 and intra-state from April 15.

GST E-Way Bill Roll Out: 5 Things To Know About Inter-State Goods Movement

GST E-Way Bill Roll Out: 5 Things To Know About Inter-State Goods Movement

 

The e-way bill will apply to inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and vessels.
Updated : April 01, 2018
For smaller value consignments, no e-way bill is mandated, said government.

The e-way (electronic way) bill system under GST (Goods and Services Tax) for inter-state movement of goods is all set to be rolled out from April 1, the government confirmed on Saturday. For intra-state movement of goods, the new system would be launched in two weeks’ time, Finance Secretary Hasmukh Adhia announced on Wednesday. According to an IANS report, the e-way bill will apply to inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and vessels. For the smaller value consignments, no e-way bill is mandated.

5 things to know about e-way bill system under GST:

1. According to the report, a single e-way bill will apply even in cases of a break in journey to destination and where more than one transporter is involved in the transportation of goods under this system. In such a scenario, Transporter A will assign the said e-way bill to Transporter B, who will fill the details of his vehicle and move the goods.

2. The validity period of e-way bill starts only after the e-way bill details are updated by the transporter for the first time, said Finance Ministry.

3. In case of movement of goods on account of job-work, the registered job worker can also generate e-way bill, Finance Ministry added.

4. In view of the difficulties faced by the traders in generating the e-way bill due to initial technical glitches in the GST Network, it was earlier decided by the GST Council to extend the trial phase for generation of e-way bills, both for inter-state and intra-state movement of goods.

5. In its meeting last month, a group of ministers headed by Bihar Deputy Chief Minister Sushil Modi recommended April 1 as the date for compulsory implementation of the system for inter-state goods movement.