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Govt scraps ban on export of onionFormer Delhi Congress chief Arvinder Singh Lovely joins BJP with three moreUS Nurse convicted of killing 17 patients - 700 yrs of jail-term awardedGST - Payment of pre-deposit through Form GST DRC-03 instead of the prescribed Form APL-01 - Petitioner attributes it to technical glitches - Respondent is the proper authority to decide the question of fact: HC2nd Session of India-Nigeria Joint Trade Committee held in AbujaGST - Since SCN is bereft of any details and suffers from infirmities that go to the root of the cause, SCN is quashed and set aside: HC1717 candidates to contest elections in phase 4 of Lok Sabha ElectionsGST - Once Appellate Authority comes to the conclusion that SCN was issued by an officer who was not competent; reply was also considered by an incompetent authority and the Competent Authority had not applied its independent mind, Appellate Authority could not have assumed original jurisdiction and proceeded further with the matter: HC7th India-Indonesia Joint Defence Cooperation Committee meeting held in New DelhiGST - Neither the Show Cause Notice nor the order spell out the reasons for retrospective cancellation of registration, therefore, the same cannot be sustained: HCMining sector registers record production in FY 2023-24GST - If the proper officer was of the view that the reply is unclear and unsatisfactory, he could have sought further details by providing such opportunity - Having failed to do so, order cannot be sustained - Matter remanded: HCAnother quake of 6.0 magnitude rocks Philippines; No damage reported so farI-T - Initial burden of proof rested on assessee to substantiate his claim of having incurred expenditure on improvement of property: ITATTrade ban: Israel hits back against Turkey with counter-measuresI-T - Agricultural income can be treated by ITO as undisclosed income in absence of any substantial / corroborative material to prove same: ITATCanada arrests three persons in alleged killing of Sikh separatistI-T - Income from sale of property has to be classified & characterised only in manner of computation as per section 45(2): ITATCus - When there is nothing on record to show that appellant had connived with other three persons to import AA batteries under the guise of declaring goods as Calcium Carbonate, penalty imposed on appellant are set aside: HCCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiGST -Since both the SCNs and orders pertain to same tax period raising identical demand by two different officers of same jurisdiction, proceedings on SCNs are clubbed and shall be re-adjudicated by one proper officer: HCFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implicationI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATGirl students advised by Pak college to keep away from political events
 
13 States opt to embrace backend systems of GSTN; Model GST law being drafted

By TIOL News Service

NEW DELHI, JULY 17, 2015: WHILE addressing the gathering at FICCI today, the CBEC Member, Mr V S Krishnan, said that the Central Government is committed to implement GST from April 1, 2016 and a model legislation for the States are being drafted.

He said that the GST Council would be constituted after the enactment of the Constitution Amendment Bill which is currently with the Select Committee of the Rajya Sabha.

He added that the reports of various Committees/sub-committees on Place of supply rules, IGST Model and Business processes relating to Registration, Refunds, Returns & Payments were awaiting approval.

Mr. Krishnan said that the issues under discussions were Rates of CGST, IGST & SGST; threshold limits of exemptions & compounding; List of exempted goods & services; Transitional provisions for treatment of accumulated CENVAT credit; Dispute resolution mechanism; Distribution of responsibility between Centre & State in implementing the three pillars of the compliance verification system – Return Scrutiny, Audit and Anti-evasion.

Mr. Navin Kumar, Chairman, GST Network (GSTN), said that the GST Automated System will be one-stop-shop for the key needs of taxpayers of the entire nation. The mandate of GSTN is to provide shared IT infrastructure and services to Central and State governments and taxpayers for implementation of GST. He added that implementation of GST needs a strong IT infra and services backbone, which enables capturing, processing and exchanging of information amongst stakeholders (taxpayers, state, central government, banks and RBI).

Mr. Kumar said that GST rollout strategy provides two options to the State Governments for creating GST infrastructure. In the first model, States/CBEC would develop their own backend modules and exchange data with GST common portal using APIs over a secured network. In the other, GSTN would develop backend modules for States and host the same at central data centre location. 13 states have exercised the option to use the backend systems of GSTN.


 RECENT DISCUSSION(S) POST YOUR COMMENTS
   
 
Sub: Model GST law being drafted

Mr. V.S. Krishnan learned Member is a transparent and an open minded person, who always would keep the simplification of procedure at the back drop, as we had experienced while in PUNE Commissionerate, which is very much noticeable from the clear picture given to FICCI and hope more of such good inter-action and information and forward movement in GST is seen in the current Budget Session

S.Narayanan

Posted by S NARAYANAN
 

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