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On the introduction of GST, the credit of taxes under the existing law, predominantly Central Excise, Service Tax and Value Added Tax, was allowed to be carry forwarded vide the transitional provision either as Central Goods and Service Tax (CGST) or State Goods and Service Tax (SGST) as the case may be accordingly taxpayers did carry forwarded the credit by filing transactional credit by filing Form TRAN -01. The common observation of the department during the transitional credit...

Introduction: Initially, restaurant services were liable to 18% GST. Subsequently, at the 23^rd GST Council meeting on 10.11.2017 held at Guwahati, it was recommended that all standalone restaurants, irrespective of whether air conditioned or not, will attract 5% GST without ITC. To give effect to such decision, a notification No. 46/2017- Central Tax (Rate) dated 15.11.2017 was issued, as per which the GST rate applicable to services provided by restaurants, eating joint including mess,...

Compliance Related Aspects

1.1 Simplified return format:

The council has recommended for a simplified return process as follows:

1. All taxpayers excluding small taxpayers and a few exceptions like ISD etc. shall file one monthly return. 
2. The return is simple with two main tables. One for reporting outward supplies and one for availing input tax credit based on invoices uploaded by the supplier.
3. Invoices can be uploaded continuously by the seller and can be continuously...