"Proprietor in Aggarwal Sumit And Associates"
Provisions Relating to Place of Supply of SERVICES Case 1: if the location of supplier of services and also location of recipient of supply service is in India – Section 12 of IGST Act General Situation (all situations except specific situations): 1. If supply is made to a registered person, then the place of supply […]
Which Government tax is to be paid to (Place of Supply) On all the inter-state supplies, tax will be levied and collected by central government which will be then shared with the state of consumption of supply. This tax is known as Integrated Goods & Service Tax (IGST) which is equal to CGST + SGST […]
Time of supply of service shall be earliest of the following dates: 1. If tax invoice is issued within the prescribed period (normally 30 days from the date of supply of service), date of issue of tax invoice or date of receipt of payment, whichever is earlier
Section 12: Time of Supply for Goods: A. If the taxable person is the Supplier of Goods Time of supply of goods shall be earliest of the following dates: 1. Actual date of issue of invoice or date of removal of goods, if it involves movement of goods or date of delivery of goods, if […]
Foreign companies in India typically operate through a Liaison Office, Project Office, Branch Office or Wholly Owned Subsidiary (WOS)
As per section 7(1) of CGST Act, 2017 Supply includes all forms of supplies such as sale, transfer, barter, exchange, license, rental, lease or disposal etc. made or agreed to be made for a consideration by a person in the course or furtherance of business.
Composite Supply and Mixed Supply both are a kind of packaged/ bundled supply of more than one goods and/ or services. They both are provided in a package for a total price, without any price break up for the individual supply bundled in that package, e.g., Facial service by a beauty parlor.
Registration under Central Goods & Service Tax Act (CGST Act) is governed by the provisions of section 22 and 24. Section 22 deals with the registration of suppliers of goods and/or services who are doing a sizeable business in a financial year.
