CommercialPedia
Indian Railways commercial circulars and policies
Goods and Services Tax
CircularreservationOpen the third-party archive copy
| Type | VCRC archived Railway commercial circular / manual |
|---|---|
| Topic | reservation |
| Archive source | vcrc.in |
Summary
section (3) and (4) of section 9 of CGST Act but does not include the tax paid under section 10 Supply of goods: In case of Supply of goods, TOS shall be determined as follows:
Text of the circular
Page | 1 Indian Railways GST Manual Updated as on 1st October, 2019 Page | 2 INDEX Sl.No. Particulars /Conceptual Notes Page No. 1 Concept of GST 04 – 06 2 Supply & Nature of supply 07 – 24 3 GST Exemptions 25 – 30 4 GST Rates on supplies by IR 31 – 32 5 Input tax credit 33 – 43 6 Returns 44 – 46 7 Documentation 47 – 52 8 Tax deducted at Source 53 – 55 9 Annexure A- Cases where generation of E way bill is not required. 56 – 57 Page | 3 Abbreviations: GST Goods and Services Tax VAT Value Added Tax CGST Central Goods and Services Tax SBC Swachh Bharat Cess SGST State Goods and Services Tax KKC Krishi Kalyan Cess IGST Integrated Goods and Services Tax PAN Permanent Account Number B2B Business to Business FY Financial Year B2C Business to Consumer GTA Goods Transport Agency LUT Letter of Undertaking TCS Tax Collected at Source SEZ Special Economic Zone TDS Tax Deducted at Source ITC Input Tax Credit ISD Input Service Distributor PO Purchase Order DC Delivery Challan RCM Reverse Charge Mechanism NA Not Applicable ED Excise Duty CN Credit Note ASP Application Service Provider DN Debit Note GSP GST Suvidha Provider HSN Harmonized System of Nomenclature DSC Digital Signature Certificate UQC Unique Quantity Code Page | 4 CONCEPT OF GST Page | 5 1.1 Taxability structure Following are some major duties which were being levied under erstwhile indirect tax regime, Excise Duty: On Manufacturing levy by Centre VAT: On Sale levy by State Service Tax: On Services levy by Centre Entry Tax: On Entry of Goods levy by State CGST SGST IGST • VAT/Sales tax • Central Sales Tax (CST) • Entertainment tax (other than levied by local bodies) • Octroi and Entry tax • Purchase tax • Luxury tax • Taxes on lottery, betting, gambling • State surcharges, cesses relating to supply of goods and services • Central excise duty • Additional excise duties • ED under the Medicinal & Toiletries Preparation Act • Service tax • Additional Customs Duty (CVD) • Special additional duty (SAD) • All other cesses including Clean Energy Cess Earlier Tax Structure Duties of Customs (i.e. BCD, Anti-Dumping Duty, Safeguard Duty, etc) continues to be levied on Import of Goods in India Page | 6 GST is a dual levy with CGST by the Centre, SGST by the states and IGST by the Centre (tax revenue of IGST will be shared by the Centre and the States). Section 9(1) of the CGST Act provides that CGST shall be levied on all intra-state supplies of goods or services or both, except on below: supply of alcoholic liquor for human consumption, on the value determined under section 15 (will be elaborated below) of the CGST Act – State taxes continues to be levied supply of petroleum crude, high speed diesel, petrol, natural gas and aviation turbine fuel – GST will be applicable on these goods as and when notified by government Similar provisions have been inserted under IGST Act vide Section 5(1), which provides for the levy of IGST on all inter- state supplies under similar conditions as exist in the CGST Act as above. On perusal of above provisions, it may be noted that all supply transactions would be subject to levy of both SGST and CGST or levy of IGST, as applicable. Indian Railways Customer 1 Tax = CGST + SGST Tax = IGST STATE A STATE B Customer 2 Page | 7 CONCEPT OF “SUPPLY” & NATURE OF SUPPLY Page | 8 2.1 ‘Supply’ under GST In this respect, supply has been defined under Section 7 of CGST Act, to include- a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business; b) import of services for a consideration whether or not in the course or furtherance of business; and c) the activities specified in Schedule I, made or agreed to be made without a consideration; Further, a new section was inserted via the amendment act to specify that if any transaction con
Extract shown above; the full text is available in the search app.
All reservation circulars · Open this circular in the search app · Search all 6,275 documents