GST MAGAZINE UPDATE MONTH OF SEP-2021 Online Publication- 18.09.2021

• Rule-59(6) of CGST Rules, 2017

• Notification No.32/2021-Central Tax Dated 29.08.2021
• Notification No. 33/2021-Central Tax dated 29.08.2021
•  Notification No. 34/2021-Central Tax dated 29.08.2021

  8-10

•  Zero rated supplies made without payment of tax:
• Inverted duty structure:
• Refund of ITC on account of zero-rated supplies
• Refund of ITC on account of inverted duty structure
• Provisions similar for refund of accumulated ITC for both types of Refund Applicants (suppliers making zero rated / inverted duty supplies)

REFUND Rules as amended up to 01st June, 2021- CGST Rules, 2017

• Application for refund of tax, interest, penalty, fees or any other amount
• Acknowledgement
• Grant of provisional refund
• Order sanctioning refund
• Credit of the amount of rejected refund claim
• Order sanctioning interest on delayed refunds

• Case Name: In re Eastern Coalfields Ltd (GST AAR West Bengal): – ITC Not Admissible for Bills of Jan to March-2020 for Which Supplier Furnished GSTR-1/3B In November-2020
•  Case Name:   In re Puranik Builders Ltd. (GST AAR Maharashtra)– ‘Other Services’ not part of Composite supply with Main Construction Service, chargeable to GST @ 18%
• Case Name:  In re Ghodawat Eduserve LLP (GST AAR Maharashtra): – GST Not Applicable on Hostel Rent of Less Than Rs. 1000 Per Day Student
• Case Name:  In re Yashaswi Academy for Skills (GST AAR Maharashtra): – GST Not Applicable on Reimbursement Received of Stiped Paid to Trainees
• M/s Maruti Castings, Proprietor V/s Union of India

Rajasthan high COURT ALLOWS release of good on furnishing of Bank Guarantee & surety bond