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Corporate News *  Firm evades Rs 1.27-crore GST; proprietor booked *   Tax Rate on Fly Ash Bricks:- Condition of 90% or more fly ash content *  Ahmedabad CGST officials bust fake GST invoice racket worth Rs 175 crore *    Government Wants To Lower GST On Under-Construction And Finished Houses: Modi *  GST: Focus shifts to enforcement actions, returns, refund simplification *   GST authority finds HUL guilty of profiteering Rs 383 crore *  Many changes made in GSTR-9 and GSTR-9C. *   Whether IIM to be treated as educational institution for availing benefit of exemption? (See Pj Case Law-2018/19-3488) *  Admissibility of exemption to loading, storage of agricultural products when imported through sea port. ( See Pj-Case Law-2018/19-3486) *  Whether amortized cost of tool provided by recipient includible in value of components supplied? (See PJ-Case Law-2018/19- 3487) *  Whether NHPC Ltd. is required to pay GST under RCM for payment made to PWD for construction of road? ( See PJ/Case Law/2018-2019/3489) *  Legal Heir liable to VAT Arrears to the extent he succeeded to Deceased Person’s Estate: Kerala High Court *  Govt unearthed Rs 12,000 crore GST Evasion in 8 Months *  Karnataka GST Amendment Bill passed: CM Hints at Low Revenue from Cess *  Punjab Unanimously passes GST Amendment Bill *  GST Dept arrests Women Director in Scam of Rs. 43 Crores *  GSTN develops New Return Filing System, says Shiv Pratap Shukla     *  Non-Filing of GST Returns: Jammu & Kashmir Govt to initiate proceedings against 1300 Dealers   *   Government extends deadline for GST returns filing for taxpayers affected by cyclones *  GST on banks' 'free services' may be passed on to customers *   Govt staring at a shortfall of Rs 500 bn to Rs 1 trn in GST collection? *  Ministry seeks to bring aviation fuel under GST. *  Centre, states apportion Rs 33,000 cr IGST in November. *  GST: Government Extends Deadline For Filing TDS Returns For Oct.-Dec. To January 2019 *  Indirect Tax Evasion During April-October Stands At Rs 29,088 Crore *   Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley *   GST Compensation Paid To States Declines To Rs 11,900 Crore in August-September *  GST Practitioners Enrollment Exam In December *  GST can’t be Deducted from Salary of Employees sponsored by UPNL: Uttarakhand HC *  Chennai businessman held for Rs 61 crore GST evasion .
Subject News *  Several states opt to double GST threshold *  Consumers feel restaurants are not passing benefits of GST rate cuts: Survey *  Companies may soon be able to rectify GST returns for Non-IT errors  *  GST panel to study uniform tax rate on lottery *  Two crore people have lost jobs due to demonetisation & GST: Ajay Upadhayay *  Government Open To Review GST In Education Sector: Shiv Pratap Shukla *  E-way bill to be integrated with NHAI's FASTag to track GST evasion from April  *  Govt forms panel to resolve GST issues troubling real estate sector *  GST: Non-compliant Businesses can’t generate E-Way Bill *  Two GST Officers held for accepting Bribe *  GST Evasion: Rs. 9959.29 crore recovered till Dec, says Shiv Pratap Shukla *  Revenue mobilisation for natural calamities *  GST Council meeting: Real Estate *  GST Council meeting: Accounting and Billing Software *  GST Council meeting : Composition scheme *  Turnover Limit increased for existing Composition Scheme *  Higher exemption threshold limit for goods suppliers *  Arun Jaitley: Didn’t need RBI surplus to finance fiscal deficit target *   23 goods and services to get cheaper from January 1 as reduced GST rates kick in *  Indian Government exempts Jewellery exporters from 3% IGST Levy *   Efforts to offset GST, demonetisation impact on MSMEs a bit late *  Good news for businesses! Deadline for claiming GST input tax credit extende *  AAR clarifies Taxability of Unleavened and Leavened Flatbread, Corn Chips, Pancake and Pizza Bread *   GST Council To Mull 5% Tax On Under-Construction Flats In Next Meeting *  India wants a simpler ,easier GST complaint form cousumers *  Another round of GST rate cuts? Council to meet on january 10 *   Buying flats can become cheaper after Jan, GST Council plans to reduce rates. *   The real reason for 28% GST on cement *  GST evasion worth Rs 38,896 cr detected during April-Oct  *  AAAR okays GST on inter-state office services.   


(RUPESH CHOPADE) Posted On: 26 Sep, 2017

Dear Pradeep Sir, My company is asking to submit LUT bond with Bank Gaurantee as I am working in SEZ unit on hourly basis.... On the end of the month I raise invoice for my working hours... Is there any other option to avoid LUT Bond and Bank gaurantee.... Can I charge IGST on my invoice and then collected IGST , I will submit to government through my GSTN no.... Is this option will work... The next query is "whether i should charge igst on my invoice and collect igst value from company or I should pay igst on my invoice and then claim refund." If yes, then which gstr should I file gstr 1, 2, 3A or 3B Regards, Rupesh

Any supply made to SEZ is a interstate supply under section 16(1)(b) of IGST Act and the person will be required to get compulsorily registered. Any supply made to SEZ shall be considered to be export of services which can be made with the following options: 1. On payment of IGST and then claim refund; OR 2. Under bond or LUT without payment of duty In rule 96A of CGST rules, export can be made under LUT or bond along with bank guarantee of 15% in form GST RFD-11. However, exporters can avail option of export with payment of IGST by filing regular returns like GSTR-1 and GSTR-3B or GSTR-3. IGST cannot be charged and collected from SEZ; the exporter shall pay it and then can claim refund. You will be required to get registered under GST and will have to file regular returns.
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