Lift is not a machine , it is part of Building, is it true . is the ITC claimable on purchase of Lift . Let us discuss whether lift is machine or Building only we would reach to conclusion of ITC is eligibility. Section 17(5) blocks credit of works contract and goods or services received […]
In GST, Rules 89(5) can not override the Section 54(3) The Rules were meant only for the purpose of carrying out the provisions of the Act and they could not take away what was conferred by the Act or cutting down its effect.” This is placed with respect to Section 54(3) of CSGT Act , […]
A company dealing in software does development of software and got the order from Thailand for development of software and along with Hardware . a company did development of software and exported to Thailand. But hardware were brought form Hongkong and it has not crossed the territory of India and directly supplied to Thailand on […]
Company is manufacture of die casting of Aluminum and Zinc in India and on the request of the Foreign buyer and as the drawing company manufacture die for certain years use it die for export of product to buyers. At last, foreign buyer asked to Scrap the die. Second, the die was made in Singapore […]
To claim ITC section 16(1) of CGST Act, 2017 need to apply. if it is eligible under this section than we will see what is prohibited any where else . Section -16 1) every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, […]
Section 67 to 71 of CGST ACT,2017 explains the circumstances where in search, seizure and arrest can be done. Inspection and search and seizure [Section -67] i ] where taxable person suppressed supply of goods or service or both or stock of goods in hand or claim input credit in excess in contravention of the […]
Partner salary, income from salary from Company and various other income interest on Loan and deposit , Interest on debenture , rent on commercial building , rent on residential unit and Capital Gain on Shares will be added for Aggregate turnover In GST for computing threshold limit of Rs,. 20 Lacs or 40 Lacs. Lets […]
As per Notification No. 9 dated 28.6.2017 of integrated Tax Rate, entry no. 13 under SAC 9963 or 9972, Services by way of renting of residential dwelling for use as residence is exempt from GST . Hence no GST is chargeable. According to Schedule –II , clause -2[b] (b) any lease or letting out of […]
Normally we feel that where the work contract is obtained we should get registration to do purchase in the State . If the contractor is got three work contract in three different State, we assume that separate registration in required each and every State. Fact is not the same, we can take registration in one […]
Is the GST once paid can be claimed back. There are circumstances where GST paid to the government can be claimed back . There is set procedure which is totally online where registered person can file and claim back the GST. There are two important aspect of GST Refund : 1. that under which circumstances […]
