05/09/2018
Circular No.
Subject
Contents in brief
57/31/2018-GST
Scope of Principal-agent relationship
Circular explains the scenarios where it can be said that principal-agent relationship exists. It further elucidates the ambit of Entry no. 3 to Schedule I which covers certain transactions between agent and principal as supply even if the same are without consideration.
58/32/2018-GST
Recovery of arrears of wrongly availed CENVAT credit under the existing law and inadmissible transitional credit
It is clarified that due to lack of availability of functionality to record such liability in the electronic liability ledger through FORM GST PMT-01, such liability can be paid by reporting it through Table 4(B)(2) of FORM GSTR-3B. Further applicable interest and penalty shall apply on all such reversals which shall be paid through entry in column 9 of Table 6.1 of FORM GSTR-3B.
59/33/2018-GST
Refund related issues
Circular explains the cases where submission of invoices are required for processing of refund claims. Readers may also recollect that we had opined vide email dated 29.06.2018 that calculation for eligible refund amount must be done on aggregate basis (i.e. all tax heads put together) and not head-wise. Same has also been clarified in the circular. Also issues related to re-credit and scope of Rule 96(10) which has been amended retrospectively has been clarified. Also issues related to discrepancies in refund claims have been clarified.
60/34/2018-GST
Refund applications filed by Canteen Stores Department
Manner and procedure for filing and processing of such refund claims have been prescribed.
61/35/2018-GST
E-way bill in case of storing of goods in godown of transporter
Manner for generating E-way bill when goods are stored in godown of transporter has been prescribed.
