The new law narrows the scope of agricultural income by introducing strict conditions and exclusions. It emphasizes documentation and limits misuse of tax exemptions.
GST registration cannot be cancelled merely due to an unregistered rental agreement, as it is not a statutory ground. Courts emphasize that procedural defects do not justify drastic actions like cancellation.
TCS provisions has been made effective from 01.10.2018 TCS refers to the tax collected by electronic commerce operator when supplier supplies goods or services through portal and the payment for that supply is collected by the E Commerce operator. Eg Flipkart,Amazon which sells products through their website and consideration is collected by E-commerce operators after retaining commission and balance is […]
GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from 01.10.2018. Following would be the deductors of tax in GST under section 51 of the CGST Act, 2017 read with notification No. 33/2017-Central Tax dated 15.09.2017:
Persons not liable to obtain gst registration:(sec23 of cgst act) Before discussing the provisions of sec 23 of cgst act we have to discuss sec 22 Sec22 says that Every Supplier who makes taxable supply of goods or services or both if his aggregate turnover exceeds 20 Lakhs shall be liable to be registered under […]
Scope of Principal-agent relationship in context of Schedule I of CGST Act: Before discussing this first we need to discuss the definition of supply Supply is defined in sec7 of CGST act Supply includes all forms of supply of goods or services or both such as sales,transfer,barter,exchange,license,rental,lease or disposal by a person for consideration in […]
