"Shri S K Mishra, FCA, LL.B is a Fellow Member of The institute of Chartered Accountants of India, New Delhi & Fellow Members of the Institute of Cost Accountants of India, Kolkata. He also holds Master in Business Administration. He specializes in the field of GST and Indirect taxation. He is author of Amazon best Seller " Systematic Approach to GST " & "Indirect Tax Laws (GST+Customs Law)" https://www.amazon.in/dp/194832105X , https://www.amazon.in/dp/164249030X. Author of Best Seller book on GST "Students' Guide to GST" for CA/CMA/CS, available on Flipkart"
Understand the GST implications on employer-employee transactions as per the CGST Act, 2017. Learn about taxable supplies, exemptions, and valuation rules.
GST on Real Estate Transactions: Understand the process & rules for the transfer of rights in a property. Learn how a residential real estate project is defined according to the GST law.
Lease agreements can be broadly classified into 2 categories: finance and operating leases. Learn about GST on lease/rental transactions in this blog.
Registration under GST is state centric. As per Sec 22(1), every supplier shall be liable to be registered under GST, in the State or Union territory, from where he makes taxable supply of goods or services or both, if his aggregate turnover in a F.Y exceeds threshold limit. In case of inter-state supply of goods, […]
Goods & Services tax (GST) is a comprehensive, destination based indirect tax levied on manufacture, sale and consumption of goods & services as well as on import of goods & services, except zero rated and exempt supplies. The registered person under GST is required to assess his own tax liability, utilize ITC & pay his […]
Multi Choice Questions (MCQ’s) on GST for CA/CMA/CS Q1. M/s Utkal Auto, Bhubaneswar registered under GST in Odisha is authorised dealer of Hero motors. It has a policy to gift a Hero motorcycle to its employee at the end of the financial year in terms of the employment contract. During the month of March 2019, […]
Concept of Reverse Charge under CGST Act, 2017 & IGST Act, 2017 explained in a lucid manner covering list of Goods & Services covered under RCM
The term lease has not been defined anywhere in GST Act or Rules. To classify a lease transaction as either supply of goods or supply of service, we have to refer Schedule II of the CGST Act, 2017 where in clear guidelines for classification of a transaction as either “supply of goods” or supply of services has been enumerated, based on certain parameters.
As per Sec 2(5) of the CGST Act, 2017, agent means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another.
Central Government vide notification No.50-Central Tax-Dated 13-09-2018 & notification No.51-Central Tax-Dated 13-09-2018 has appointed 1st day of October 2018 as the date on which the provision of Sec 51 (TDS) & Sec 52 (TCS) shall come into force. 1. Who is required to Deduct TDS under GST Section 51 of the CGST Act, 2017 has […]
