Wednesday, August 09, 2017

GST Tweets Part V: GST Related FAQs on Transition, UTGST and Others

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity.

S.No.
Qestions/Tweets Received
Replies
Transition
72.
How do I avail transition credit ?
Transition credit can be availed by filing the respective forms under Transition rules upto 30.09.2017.

Tuesday, August 08, 2017

GST Tweets Part IV: GST Related FAQs on Supply

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity.

S.No.
Qestions/Tweets Received
Replies
Supply
54.
Should we discharge GST liability for all reverse charge having small amounts of Transaction or any amount limit is there?
It has been decided that Rs. 5000/- per day exemption will be given in respect of supplies received from unregistered person. For supplies above this amount, a monthly consolidated bill can be raised.

Monday, August 07, 2017

GST Tweets Part III: GST Related FAQs on Input Tax Credit, Invoice and Returns

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity.

S.No.
Qestions/Tweets Received
Replies
Input Tax Credit
39.
Is SGST of Rajasthan charged by supplier on purchase from Rajasthan can be utilize for payment of SGST in Madhya Pradesh?
SGST of one State cannot be utilized for discharging of output tax liability of another State.
40.
How one can use SGST credit for the payment of IGST on another state?
SGST Credit can be used for payment of IGST liability under the same GSTIN only.

Sunday, August 06, 2017

GST Tweets Part II: GST Reated FAQ on Refund, Cess, Composition Scheme, Customs and Exports

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity.

S.No.
Qestions/Tweets Received
Replies
Refund
28.
I have a pending export refund in Service Tax. What will happen?
Refunds under earlier laws will be given under the respective laws only.
29.
As an exporter, how do I ensure that my working capital is not blocked as refunds?
Appropriate provisions have been made in the law by providing for grant of 90% refund on provisional basis within 7 days from filing of registration.

Friday, August 04, 2017

GST Tweets Part I: GST Registartion Related FAQs

The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity.

S.No.
Qestions/Tweets Received
Replies
Registartion
1.
Does aggregate turnover include value of inward supplies received on which RCM is payable?
Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of inward supplies on which tax is payable on reverse charge basis.

Wednesday, August 02, 2017

Notice Regarding Balance Sale Value & Invoice Generation in E-Auction

Provision for online payment of Balance Sale Value in E-Auction and auto-generation of serially numbered Invoice against payment is enabled. Therefore Manual invoice for Lot against online BSV payment must not be issued, either by auctioning authority or by stock holder (e.g. IOW, PWI etc.). Please go through the User Manual of Balance Sale Value & Invoice Generation in Learning Center. Users may click here download the User Manual of Balance Sale Value & Invoice Generation. 


IREPS: Indian Railways e-Procurement System

Monday, July 31, 2017

Important notice for Vendors regarding new E-Tender- Goods and Services module

It is brought to the notice of all vendors using Stores/Supply module that we will be launching new Goods & Services module shortly, which will replace the existing Stores/ Supply module. A user manual has been prepared to acquaint the vendors with the features of the new module, which can be accessed through the User Manual for Vendors (Goods & Services) Version 1.0 link in the Learning Center. A small user guide has also been prepared to prepare the vendors for transition from the existing Stores/ Supply module to the new Goods & Services module. Vendors may click here to download the user guide.


IREPS: Indian Railways e-Procurement System

Saturday, July 22, 2017

What is Goods and Services Tax (GST)?

It 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.

IREPS: Indian Railways e-Procurement System

Friday, July 21, 2017

Indian Railways: Frequently Asked Questions (FAQs) on Stores Transactions

Treatment of outward movement of materials in GST Regime

Situation: Sale to Railway employee 
Reply: Sale to Railway employee will be treated as sale to private party and GST at applicable rate will be levied.

Situation: Sale to outside parties (other than sale to scrap purchasers)
Reply: Sale to outside parties (other than sale to scrap purchasers) will be treated as sale to private party and GST at applicable rate will be levied.

Thursday, July 20, 2017

Indian Railways: Details of GSTIN Numbers allotted as on 7.7.2017

Details of GSTIN Numbers allotted as on 7.7.2017

S. No.
State/UT
Principal officer
Dummy GSTIN
 GSTIN Number
1
Jammu & Kashmir
GM/NR
01AAAGM0289CA19
01AAAGM0289C1ZX
2
Himachal Pradesh
GM/NR
02AAAGM0289CA19
Applied
3
Punjab
GM/NR
03AAAGM0289CA19
03AAAGM0289C1ZT
4
Chandigarh
GM/NR
04AAAGM0289CA19
04AAAGM0289C1ZR
5
Uttranchal
GM/NR
05AAAGM0289CA19
05AAAGM0289C1ZP
6
Haryana
GM/NR
06AAAGM0289CA19
06AAAGM0289C1ZN
7
Delhi
GM/NR
07AAAGM0289CA19
07AAAGM0289C1ZL
8
Rajasthan
GM/NWR
08AAAGM0289CA19
08AAAGM0289C1ZJ
9
Uttar Pradesh
GM/NCR
09AAAGM0289CA19
09AAAGM0289C1ZH
10
Bihar
GM/ECR
10AAAGM0289CA19
10AAAGM0289C1ZY
11
Sikkim
GM/NFR
11AAAGM0289CA19
11AAAGM0289C1ZW
12
Arunachal Pradesh
GM/NFR
12AAAGM0289CA19
12AAAGM0289C1ZU
13
Nagaland
GM/NFR
13AAAGM0289CA19
13AAAGM0289C1ZS
14
Manipur
GM/NFR
14AAAGM0289CA19
14AAAGM0289C1ZQ
15
Mizoram
GM/NFR
15AAAGM0289CA19
15AAAGM0289C1ZO
16
Tripura
GM/NFR
16AAAGM0289CA19
16AAAGM0289C1ZM
17
Meghalaya
GM/NFR
17AAAGM0289CA19
17AAAGM0289C1ZK
18
Assam
GM/NFR
18AAAGM0289CA19
18AAAGM0289C1ZI
19
West Bengal
GM/ER
19AAAGM0289CA19
19AAAGM0289C1ZG
20
Jharkhand
GM/SER
20AAAGM0289CA19
20AAAGM0289C1ZX
21
Odisha
GM/ECoR
21AAAGM0289CA19
21AAAGM0289C1ZV
22
Chattisgarh
GM/SECR
22AAAGM0289CA19
Applied
23
Madhya Pradesh
GM/WCR
23AAAGM0289CA19
23AAAGM0289C1ZR
24
Gujarat
GM/WR
24AAAGM0289CA19
24AAAGM0289C1ZP
25
Daman & Diu
GM/WR
25AAAGM0289CA19
25AAAGM0289C1ZN
26
Dadra & Nagar Haveli
GM/WR
26AAAGM0289CA19
26AAAGM0289C1ZL
27
Maharashtra
GM/CR
27AAAGM0289CA19
27AAAGM0289C2ZI
28
Andhra Pradesh
GM/SCR
28AAAGM0289CA19
Not Applicable
29
Karnataka
GM/SWR
29AAAGM0289CA19
29AAAGM0289C1ZF
30
Goa
GM/SWR
30AAAGM0289CA19
30AAAGM0289C1ZW
31
Lakshadweep
GM/SR
31AAAGM0289CA19
No Railway Estab
32
Kerala
GM/SR
32AAAGM0289CA19
32AAAGM0289C1ZS
33
Tamil Nadu
GM/SR
33AAAGM0289CA19
33AAAGM0289C1ZQ
34
Pondicherry
GM/SR
34AAAGM0289CA19
34AAAGM0289C1ZO
35
Andaman & Nicobar Islands
GM/SR
35AAAGM0289CA19
Applied
36
Telangana
GM/SCR
36AAAGM0289CA19
36AAAGM0289C1ZK
37
Andhra (New)
GM/SCR
37AAAGM0289CA19
Applied

Note: GSTIN allocated to States that has applied for registration shall be intimated in Due Course. Dummy GSTIN should not be indicated by vendor in their Invoices/Bills. 

Click here to see the above list on official website of Indian railways.
Last Updated: July 20, 2017
IREPS: Indian Railways e-Procurement System