Goods and Services Tax - Page 4

GST liability of MSO for services provided by Local cable operators: AAR Haryana allowed application withdrawal

In re Fastway Transmissions Pvt. Ltd. (GST AAR Haryana)

Whether local cable operators to whom signals of cable TV are provided by the applicant as MSO are agents of the applicants for the purpose of liability to GST of the applicants on services provided by LCO to the end customers?...

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Imports Against Advance Authorization: Is Exporter Debarred From Exporting Goods With Payment Of IGST?

Let us consider a scenario wherein an exporter has imported inputs against Advance Authorization claiming IGST exemption under Notification No. 79/2017-Cus dated 13.10.2017 read with Notification No. 18/2015-Cus dated 01.04.2015. It may be noted that said exemption was initially not available on the implementation of GST. ...

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‘Job-work’ in GST – Meaning and implications

Meaning of job-work under GST: “job work means any treatment or process undertaken by a person on goods belonging to another registered person and the expression job worker shall be construed accordingly” [Section 2(68)] Before we discuss the implications of above definition, it is important to understand that the activity of sending ...

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Mere supply of food to employees of Company cannot be called as canteen activity

In re Merit Hospitality Services Private Ltd (GST AAR Maharashtra)

The company is registered as Outdoor Caterers under the GST Act. It was also registered in the same category under service tax regime The company is engaged in the business of supply, by way of and as a part of and in any other manner whatsoever of goods, being food and any other article for human consumption or drink....

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12% GST Payable on Rapeseed / Soya oil based dielectric transformer fluid: AAR

In re M & I Materials India Private Limited (GST AAR Maharashtra)

What is the correct Harmonized System of Nomenclature (HSN) code and the applicable GST rate for our products MIDEL eN 1204 (rapeseed oil based dielectric transformer fluid) and MIDEL eN 1215 (soya oil based dielectric transformer fluid) in terms of Notification No. 1/2017-Central Tax (Rate) dated 28 June 2017? ...

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Major Amendments proposed in CGST Act, IGST Act & GST (Compensation to States) Act, 2017

Major Amendments proposed in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 vide recently released Draft proposals for amending GST Laws which was open for public comments till 15th July 2018. Section 2(4)- Adjudicating Authority National Anti-Profiteering Authority constituted by the Central Government unde...

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GST: SUPPLY – Bill to and Ship to Scenario

GST is significantly different from the previous tax system as it is a destination –based tax Supply of goods under Bill TO & Ship TO scenario is very much important and needs to consider whether the transaction is within the state or outside the state. ...

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Free book on E-way Bill under GST (July Edition)

This publication of E-way Bill has been specifically designed to provide in-depth knowledge of provisions pertaining to E-way bill under GST in a simplified manner. It covers all the nitty-gritty of the e-way bill in theoretical and practical manner. ...

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How to avail Input Tax Credit under GST law

Articles explains Conditions to avail Input tax credit under GST, Important Points related to Input tax credit under GST, Input Tax Credit if Depreciation been claimed on Tax Amount, Due Date for Input tax credit under GST and Documents for availing Input tax credit under GST. Section 16 of CGST Act, 2017 laid down the eligibility and [...

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Annual GST Audit- An Introduction

Articles discusses Provisions related to Annual GST Audit, meaning of word ‘Audit’ used in GST Law, Class of registered persons liable for GST Audit, Timelines for concluding GST Audit and requirement for furnishing GST Audit report along with audited annual accounts and a reconciliation statement, Consequence of failure to submit Ann...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.