Articles contains Analysis of Amendments In Central Goods & Services Tax Act, 2017 Vide CGST Amendment Act, 2018 And Amendments In Integrated Goods & Services Tax Act, 2017 Vide IGST (Amendment) Act, 2018. AMENDMENTS IN CENTRAL GOODS & SERVICES TAX ACT, 2017 VIDE CGST AMENDMENT ACT, 2018 (Amendments, which have come in to force) Section Existing […]
Section 129 of CGST Act, which begins with a non obstante clause empowers the officers to detain and seize the goods, documents and the conveyance, if the goods are transported or stored during the transit in contravention of the provisions of this Act or the rules made thereunder
Inter-state Supply or intra-state Supply of goods – Scope and meaning of the term Supply involves movement of goods. As we all know, the fundamental power to levy taxes on sale of goods lies with the States.
All about GST on Mess Services provided by educational institutions Question:- Whether mess services supplied by an educational institute to its students, faculty and staff is taxable under GST Act? Answer:- Service Tax Regime:- Notification No. 25/2012-Service Tax dated 20/06/2012 (Mega exemption) at sl. no. 9 had exempted the following services:- “Services provided to or by […]
I would like to discuss that whether processed tea falls under the definition of ‘agricultural produce’ or not? Or whether by way of a circular, tea can be excluded from the ambit of the ‘Agricultural Produce’.
Exemption provided on tax liability under reverse mechanism seems to be rectified in near furture.
GST laws has come with provisions of taxation reverse charge basis. It case obligation of paying taxes by the recipient of supply of goods, services or both. Following two types of provisions have been enacted.
Principles for determining when a sale or purchase of goods taken place in case of in the course of inter-state trade or commerce, the parliament has enacted sections 7 and 10 of the IGST Act, 2017 in order to formulate the principles for determining the place of supply, and when a supply of goods takes place in the course of inter-State trade or commerce.
In case of intra- state supply of goods SGST and CGST is collected and the SGST goes to the coffer of State Government and the CGST goes to the coffer of Central Government. Whereas in case of inter-state supply of goods or services or both the tax is collected by centre and by state in which the location of supplier is located.
