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Manu Tayal

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Allowabilty of Input Tax Credit on Lift Under GST

September 29, 2020 50388 Views 0 comment Print

♠ As per Section 16(1) of CGST Act 2017, Every registered taxable person shall, subject to such conditions and restrictions as may be prescribed and within the time and manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services to him which are used […]

GST Set off Rules Wef 01.02.2019 are Boon or Bane !

March 7, 2019 8754 Views 1 comment Print

GST SET OFF RULES WEF 01.02.2019. As per CGST Amendment Act 2018, the set off rules has been changed the updated rules are presented with examples as follows: Section 49(2), 5(c), 5(d) Amended proviso 5(c) “Provided that the input tax credit on account of State tax shall be utilised towards payment of integrated tax only where […]

Educational Institutions and Charitable Entities U/S 12AA Under GST

May 29, 2018 36108 Views 2 comments Print

Educational Institutions Under GST As per  Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017, Educational Institution means an institution providing services by way of: 1. Pre-school education and education up to higher secondary school or equivalent; 2. Education as a part of a curriculum for obtaining a qualification recognised by any law for the time being in force; […]

Submitted TRAN-01 can be “FILED” now.

April 1, 2018 2415 Views 0 comment Print

To facilitate filing of Form GST TRAN-1 to the taxpayers who had managed to submit the same within prescribed due date but couldn’t file due to technical issues, GSTN has enabled the filing option to such taxpayers at the common portal.

GST: Reverse Charge Mechanism

July 7, 2017 18582 Views 6 comments Print

Reverse Charge as defined in Section 2(98) of CGST Act, 2017 which says that the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both.

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