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Jio turns world’s top telco in terms of data trafficIndia takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in LondonGadkari faints during campaign; Heat takes toll on his health'Sunflowers were the first ones to know' - film by FTII student selected at CannesSARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HCSC asks EC to submit more info on reliability of EVMsGST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HCGST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HCGST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HCGST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HCItaly imposes USD 10 mn fine on Amazon for unfair business practicesGST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HCCaste Census is my mission, says RahulRight to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK to send military aid package worth USD 619 mn to UkraineUS regulator bans non-compete agreements by employeesAir India, Nippon Airways join hands for travel between India and JapanSC grills Baba Ramdev & Balkrishna in misleading ad case

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GST Let Down by GSTN


Error in Trans-1 and its omission

Dear Sir,
Trans-1 is for availing credit for Transition Period, i.e., credit related to period prior to 30/06/2017. Following situations are not covered under this one:
Under Service Tax, reverse charge was applicable on various services i.e., Goods Transport Agency, Legal Services, and Ocean freight on which receiver of services pay service tax on reverse charge basis. There are other error and omissions under which service tax liability is discharged after 30/06/2017. In all such situations credit were taken based on TR6 which is a valid document for availing credit. The liability for June 2017 is discharge in July 2017, which cannot be entered in the Trans-1 form as date after 30/06/2017 is not eligible to submit in system.
There is Rule that Commissioner can allow credit for those not accounted for in the month of July, for example an assesses found that there is mistake in calculations and deposited Service tax and discharged liability as per act in the month of Aug. 2017 and accounted for in books of accounts for which he is eligible for credit, but this situation is also not covered under Trans-1,

SATYA PRAKASH SINGH 08/09/2017

 

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