Explore the complexities of GST on services exported without consideration. Despite the absence of payment, the tax authorities may demand GST during audits, leading to challenges for exporters. Understand the relevant provisions, analyze the taxability, and stay informed on the latest developments.
Understanding the amendments in GST provisions for duty-free shops in airports. Learn about the refund of GST paid on procurement of goods and services.
The due date for filing the GSTR-9C is fast approaching for FY 2018-19. As on the day of writing this article, the due date is 30th September 2020 which is expected to get extended further due to the present pandemic situation. Many of the audit and auditee staff are yet to return to their offices […]
Government should consider providing the benefit of zero tax even for the dies and moulds manufactured for further use in manufacture of goods for export. There are few countries who have already made such goods GST free.
An effort has been made in this article to analyse the possibility of converting the regular supplies into ‘continuous supply of goods’ in order to reduce the compliance burden for the person registered under GST. Concept of continuous supply In GST, the term “continuous supply of goods” has been defined to mean “supply of goods […]
In GST law, there are still few issues like compensatory damages, employee notice period recovery which needs clarity for taxation. In many private organisations, employees would be legally bound to serve for specified period which could vary from 15 days to 3 months or more depending on designation or role of a particular employee during […]
Credits on inputs or services which are obligatory for employer to provide to employees under any law for the time being in force being allowed. In this article, certain categories of supplies which are obligatory in nature have been identified and discussed.
GST has introduced quite a few concepts which are new or unheard by Indian taxpayer. Few are levy of tax on stock transfer of goods, taxation of gifts distributed to employees etc. In terms of Section 7 read with schedule I to CGST Act 2017, there are specified activities which would be subject to GST […]
