With the introduction of new indirect tax, multiple taxable events/elements were done away, and a unified element i.e. “supply” was defined as one of base ignition point of chargeability of tax. Supply may be of goods or services or both and so is the classification of supply (whether as goods or services) is essential to […]
If a Registered person or person desirous of obtaining registration lacks certainty over some of the provisions of the GST act. He shall make application to get his question resolved to the Authority constituted namely the Authority for advance rulings and such decision given by the authority shall be binding on the applicant as well as on government […]
The entire scheme of taxation under GST is to reduce the cascading effect. At each stage of taxation, input tax credit is allowable to the registered taxable person. But there are some restrictions on availability and utilization of same for reasons favao.
Availability of input tax credit ought to be viable only up to the extent it is used as against taxable supplies. There exists no ambiguity in determining input tax credit where a supplier is engaged exclusively in either taxable or on otherwise exclusively in exempted goods, inputs for former business being totally eligible as against inputs for latter business being fully disallowed.
This article contains suggestions by the writer to be followed to get rid of issues arising while using D.S.C. to sign at GSTN portal. (for users using Windows OS)
