Since GST is understood as a ‘destination-based consumption tax’, there is no provision that declares this fact. This missing declaration is more than adequately supplied by the principle being embodied in the provisions of ‘place of supply’. The law makers have declared, in each case of supply, its destination of supply.
Classification of Goods as per Notification – That the Central Government in exercise of its powers under Section 9 of the CGST Act has issued Notification No.1/2017-CT(Rate) dated 28th June, 2017, which has been amended from time to time. The said notification has prescribed the rate of tax (Schedules) for specified goods under CGST/IGST (Rate Notification).
Introduction The taxability on duty-free shops has always been debatable concept in taxation regime. The perplexity as to whether the sale by retail outlets established at departure area of the international airport beyond immigration counters would qualify as export has been a matter of concern for all the stakeholders in the industry. Various rulings in […]
Are Educational Institution’s Actually Exempted From GST or is it Just A Myth? Education has always been one of the major and challenging sectors of any economy. The education of country’s youth is not only the decisive factor of country’s economy rather it is one of the most powerful weapon you can use to change […]
