Out of many controversial issues under GST, one of the most discussed issues is applicability of GST ocean freight under reverse charge mechanism (in case of goods imported on CIF basis). Some of the professional are of the view that pay tax under reverse charge mechanism and take the credit of it. However, it is […]
In the Central Goods and Services Tax (Amendment) Act, 2018, there have been several amendments in GST which are effective retrospectively. However, major amendments have been made in section 140 – Transitional credit. The amendment made with retrospective effect from 1 July 2017.
The confusion still persists about payment of CGST + SGST or IGST on intermediary services. We have tried to analyses the legal position and implications thereof. As per Section 2(13) of IGST Act: (13) “intermediary” means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods […]
