Make changes to the GST vide Budget 2023 with Sec.10 of CGST Act offering relief to suppliers of goods via e-commerce operators. Pay dues within 180 Days as per Sec.16 of CGST Act with Sec.17(3) of CGST eliminating value of exempt supplies.
It has always been a complex question for every one of us whether GST would be applicable on any specific goods/service. Sometimes it leaves one under the doubt whether GST is really applicable or not. So I had tried by these write-up to give clarity for confirming the applicability of GST on any specific goods/services. […]
‘Casual taxable person’ (CTP) means a person who occasionally undertakes transactions involving supply of goods/ services in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a UT where he has no fixed place of business. Registration: CTP making taxable supply in India has to […]
TCS and TDS have some similar and dissimilar features. TDS refers to tax that is deducted when recipient makes some payments under a contract etc. whereas TCS refers to tax which is collected by the e-commerce operator when a supplier supplies through its portal and the payment for that supply is collected by the e-commerce […]
Section 2(77) of CGST Act defines Non-resident taxable person (NRTP) as any person who occasionally undertakes transactions involving supply of goods /services, whether as principal/agent/in any other capacity, but who has no fixed place of business/residence in India. Therefore it covers all such person who is involved in supply of goods/service whether or not such […]
The CBIC has clarified that every notice issued by its officer shall stand invalid and assumed never issued unless it carries Document Identification Number (DIN). Therefore no search authorisation , summon, arrest memo, inspection notices or letters issued in the course of any inquiry shall be issued by the officer under the board to taxpayer […]
The Cabinet Committee on Economic Affairs has given its approval for creation and launch of Bharat Bond Exchange Traded Fund (ETF) to create an additional source of funding for Central Public Sector Undertakings (CPSUs) Central Public Sector Enterprises (CPSEs), Central Public Financial Institutions (CPFIs) and other Government organizations. Bharat Bond ETF would be the first […]
The sponsorship is a taxable supply and has been mentioned in GST vide Notification.13/2017 CGST (R) dated 28-06-2017 whereby sponsorship has been mentioned as service for which tax liability is to be discharged on reverse charge basis by body corporate and partnership firms.
Under GST ‘services’ means anything other than goods, money and securities but includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged; Explanation.––For the removal of doubts, it […]
Hospitals charges fees for various services provided along with medical and consultancy service provided by doctors such as nursing care, infrastructure facilities, paramedic care, emergency services, checking of temperature, weight, blood pressure etc. Also it hires senior doctors/ consultants/ technicians independently, without any contract of such persons with the patient; and pay them consultancy charges, […]
