"15 May 2020" Archive

RCM under GST on Renting of Motor Vehicle

The government introduced reverse charge on services of renting of motor vehicle vide Notification No.-22/2019- Central Tax (Rate) dated 30.09.2019 which was later on amended through Notification No.-29/2019-Central Tax (Rate) dated 31.12.2019....

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GST on Supply to State/Central Examination Boards

Taxability of Goods and Services Purchased by State/Central Examination Boards Under CGST/SGST Act, 2017 Query:- Whether State/Central Examination Boards are liable to pay GST on purchase of various goods and services from different vendors and if yes, whether Input Tax Credit shall be available? Analysis & Advise To answer this query...

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Place of Supply of Goods & Services under GST

In GST it is very important to identify place of supply of goods and services so that appropriate type of GST (IGST/CGST/SGST) can be imposed. There may be various kinds of place of supply of goods and services i.e. Intrastate Supply, Interstate supply, Export and Import etc....

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Supply of food | Goods or Service under GST | Taking perspective from earlier laws

GST is a tax levied on supply of goods or services or both. The definition of ‘goods’ in the CGST Act, 2017 means every kind of movable property other than money and securities. So, from a small pencil to a huge bulldozer, everything is included in the category of goods. However, in case of food it cannot be considered as goods always...

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Input Tax Credit (ITC) saga under GST

The ITC saga With a view to keep tab on those errant taxpayers who are claiming excess input tax credit (ITC), the Government has brought in regulations to ensure that ITC can be claimed only to the extent of the credit reflecting in their GSTR-2A. This regulation may result in undue hardship to many tax […]...

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Subject-wise Index of GST Notifications-Central Tax (Rate) issued

Please find the article “Subject-wise Index of GST Notifications-Central Tax (Rate) issued” to publish in your site. This article provides a tool to search notifications issued under one subject. For example a notification 1/2017 issued to prescribe rate of tax for supply of goods, the reader can search all notifications issu...

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GST Series–Part 2 Supply-Section 7 of CGST Act 2017

The concept of ‘supply’ is the key stone of GST architecture. Section 7 of CGST Act read with Schedule I & III covers the provisions relating to the term ‘Supply’. The concept of supply along with related issues have been discussed in this article. Also Read- GST Series: Part 1 Section 3 to Section 6 […]...

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GST: Is complications in the Works Contract resolved yet??

One of the most disputed or major areas of concern for both taxpayers and authorities in the earlier regime was ‘works contract’. In simple terms, it means a contract which has both the elements of good as well as service and which is undertaken for the construction etc of ‘immovable property’. Earlier this was the...

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Clause by Clause Detailed Analysis of Registration under GST Along with Relevant Rules, Forms, Examples & Case Laws

Clause by Clause Detailed Analysis of Registration Under GST Along with Relevant Rules, Forms, Examples & Case Laws. Registration is governed by Section 22 to 30 of CGST Act, 2017 and Rule 8 to 18 and Rule 25 to 26 of CGST Rules 2017. (CHAPTER VI) SECTIONS 22-30 Section 22 Persons liable for registration Section […]...

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Assessment of Non-Filers of Returns under GST

GST was introduced in the Country on 1st Jul., 2017 and was promised by the Government to be a Good and Simple Tax. However, we have observed that day in and day out we are being served various Notices from the department either to file the Returns or to Reconcile the differences between the Filed […]...

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