Sponsored
    Follow Us:

Ca Suraj Goyal

Latest Posts by Ca Suraj Goyal

Changes in GST (Effective from 1st January, 2022)

December 31, 2021 96729 Views 2 comments Print

Many Important Changes in GST has been effective from 1st January 2022. In this article Author have tried to cover  changes vide Notification No. 14/2021-Central Tax) & Notification No. 15/2021-Central Tax dated 18th November 2021 and also change in following provisions- ♦ Provisions as Proposed in Section 108 | 109 | 113 to 122 of Finance […]

New Section 194Q of Income Tax Act w.e.f. 1st July, 2021

June 30, 2021 61752 Views 12 comments Print

Understand the new Section 194Q of the Income Tax Act and its implications for buyers. Learn about the applicability and conditions for TDS deduction on purchase of goods exceeding Rs. 50 lakhs.

Input Tax Credit under GST | Section 16 to 21 | Rules 36 to 45

May 14, 2020 125463 Views 5 comments Print

Input tax credit has been defined as per Act in our previous article. It means the credit of Input Taxes paid on inputs, capital goods and input services. The Input tax in relation to a registered person, means the Central-tax (CGST), State-tax (SGST), Integrated-tax (IGST) and Union Territory Tax (UTGST) charged on any supply of […]

Provision on Place of Supply under GST

May 14, 2020 36912 Views 0 comment Print

GST is a destination based tax,e., the goods/services will be taxed at the place where they are consumed and not at the origin of supply. So, the state where they are consumed will have the right to collect GST. This, in turn, makes the concept of place of supply crucial under GST as all the provisions of GST revolves around it.

Illustrations w.r.t. Determination of place of Supply under GST

May 14, 2020 25281 Views 0 comment Print

Case : Mr. A of Maharashtra supplied goods to Mr. B of West Bengal for Rs. 1,00,000.Determine place of supply and nature of transaction if Mr A supplied goods at the place of Mr. B. Answer : As per section 10(1)(a), In the above case, where movement of goods is by supplier i.e. Mr. A, […]

Registration under GST | Section 22 to 30 | Rules 8 to 26

May 14, 2020 121758 Views 0 comment Print

Registration of any business entity under the GST Law implies obtaining a unique number known as the GSTIN/UIN from the tax authorities so that the registered person can collect tax on behalf of the government and there by avail Input tax credit for the taxes on his inward supplies. Without registration, a person cannot do the same.

Valuation of taxable supply under GST | Section 15 | Rule 27 to 35

May 14, 2020 23559 Views 1 comment Print

Section 15 : value of taxable supply [Rule 27 to Rule 35] As GST is payable as percentage of the value of supply, it is thereby important to determine the value of taxable supply as per the GST Law. Section 15 of CGST act deals with the same along with several inclusions and deductions. However, […]

Time of Supply under Goods & Services Tax (GST)

May 7, 2020 29100 Views 0 comment Print

After ascertaining whether a transaction falls under the definition of supply, we come to the next pertinent issue, the date of the charging event i.e. the date when the liability of the tax arises which is covered by the provisions of Time of Supply under GST. Under the CGST act Sections 12, 13 & 14 […]

Supply under Goods & Services Tax

May 7, 2020 5070 Views 1 comment Print

The determination of the taxable event is one of the most important matter in every tax law. It is that event which on its occurrence creates or attracts the liability to tax. The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance […]

GST Reverse Charge Mechanism chart on Goods & Services

May 7, 2020 27015 Views 3 comments Print

Section 9(3): U/S 2(98) of CGST Act Reverse charge is defined as “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 under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of […]

Sponsored
Sponsored
Search Post by Date
October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031