GST Updates

The basis of the 28th GST Council Meeting, the changes proposed are passed as bills in the Lok Sabha on 9th August 2018.

The Central Goods and Services Tax (Amendment) Bill, 2018

The Goods and Services Tax (Compensation to States) Amendment Bill, 2018

The Integrated Goods and Services Tax (Amendment) Bill, 2018

The Union Territory Goods and Services Tax (Amendment) Bill,

The return formats for GST are also being changed and for this, the Government has put the same in the public domain and asking for the feedback of the same. The reviews can be shared on mygov.in

GST Returns New Formats

Last two weeks many notifications and circulars have been issued and the same can be accessed from here

CGST Notifications

CGST Rates Notifications 

GST Circulars

GST Tip – 246

As per the Final Returns Formats, supplies to B2C have to be shown in Table 7 of GSTR – 1, grouped by Tax Rates only for Intrastate and Interstate supplies. In the case of interstate supplies, it has to be grouped by State Code and then by Tax Rates.  HSN Code /SAC Code along with Tax paid on provisional assessment from the old formats given in Table 7.

GST Tip – 244

As per the GST Return Formats, In table 5 of GSTR – 1, all inter-state outward supplies to B2C has to be shown here. Columns for Recipient’s State Code, Name of the Recipient, HSN Code, Classification of the line as the supply of Goods or Service and Tax paid on the Provisional basis.

GST Returns – Rules & Formats

GST Rules 

GST Returns Formats

GST Mismatch Formats

GST Practitioners Formats