Isaac And Suresh Chartered Accountants

CGST Amendment Act 2018- Series 7

Key amendments in Section 17 on Apportionment of credit and blocked credits

CGST Amendment Act 2018- Series 6

Key amendments in Section 16 on Eligibility and conditions for taking ITC

CGST Amendment Act 2018- Series 5

Key amendments in Section 12 &13 on Time of Supply

CGST Amendment Act 2018- Series 4

Key Amendments in Section 10 on Composition Levy

CGST Amendment Act 2018- Series 3

Key Amendments in Section 9 on Levy and Collection.

CGST Amendment Act 2018- Series 2

Key amendments in Section 7 , Schedule I and Schedule III

CGST Amendment Act 2018- Series 1

Key Amendments in Definitions

Non filers of GST returns cannot generate E way bill

Non filers of GST returns will not be able to generate E way bill in near future.

Threshold limit in Kerala for GST registration retained

Kerala state government has decided to retain the threshold limit @ Rs 20 Lakhs for GST registration for all business in the state.

Clarification by CBIC on Various Issues

CBIC vide circular no 76/2018 dated 31/12/2018 has clarified following issues raised by various stakeholders and to bring uniformity among the field formatioms

Decisions of 32nd GST Council meeting

The GST Council in its 32nd Meeting held on 10th January 2019 in New Delhi took the following major decisions to give relief to MSME (including Small Traders) among others -

ITC for FY 2017-18

Due date for claiming ITC for FY 2017-18 extended from due date for filing GSTR for the month of September 2018 to March 2019

Security Services under Reverse charge mechanism

Security Services included in Reverse charge mechanism w.e.f 1st January 2019 - Now Liability to pay GST is on receiver of services on most cases.

Changes in GST- Goods

Notifications w.r.t Changes in matters relating to Goods in GST issued, as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018,

Changes in GST- Services

Notifications w.r.t Changes in matters relating to Services in GST issued, as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.

GST

Article Posted On : Jan-2019