Explore the concept of slump sale under GST, its exemptions, rules, and how to transfer input tax credit. Get insights into GST implications on business transfers.
Draft an MOU cum Business Arrangement Document with cross charge rules under GST for head office/corporate office & branch offices. Learn more
Issuance of credit note in terms of GST law is responsibility of supplier. Burden of charging, collecting and discharging GST liability is on supplier of goods or services.
whether it is possible for the company to re-avail ITC which was earlier availed basis invoice/debit note in terms of Section 16 (2) of the CGST Act, 2017 and was reversed in the same tax period by complying with Section 17(2) of the CGST Act, 2017 read with Rule 42/43 of the CGST Act, 2017.
Article summarizes the provisions of Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT). The article gives theoretical insights along with examples for sound understanding of the provisions.
Definition: Legal Services means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority- Notification no. 12- Central Tax(CT) (Rate) dated 28.06.2017.
A. Concept: Voucher in terms of clause (118) of Section 2 of Central Goods and Services Tax Act, 2017 has been defined as follows: “”voucher” means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or […]
Analysis of recent Hon’ble High Court of Calcutta judgment in the case of Srijan Realty (P) Ltd v. Commissioner of Service Tax[1]. The ruling is given under Finance Act, 1994 (Service Tax law) and has raised a lot of eyebrows considering the fact that the ruling has vide implications under the GST law as well. […]
In this article, attempt has been made to enlist various thresholds (as amended from time to time) as prescribed under the GST law for normal registration in different States/UTs, thresholds for Composition registration and a snapshot on Notification No. 2/2019- CT (Rate). Normal GST Registration in case of Goods: Particulars States/UTs Relevant Sections, etc. Limits […]
Recently two judges’ bench of Hon’ble Supreme Court in the case of NRA Iron & Steel Pvt. Ltd. vs. Principal Commissioner of Income Tax (Central) – 1 (SLP (Civil) No. 29855 of 2018), by its judgment dated 5th March, 2019 restored the order of Assessing Officer by confirming the addition to the taxable income made under Section 68 […]
