Goods and Services Tax : The GST Council at its meeting on May 18, 19 has evolved a consensus on GST rates for goods and services, leading us closer to Jul...
Goods and Services Tax : As per Section 12(6) of CGST Act, 2017 relating to Time of Supply of Goods states that time of supply to the extent it relates to ...
Goods and Services Tax : Since the assessee has the option to take single registration for business verticals within a State, it will be imperative for the...
Goods and Services Tax : At present, the manufacturers/dealers registered under the Central Excise Act, 1944 have the option to surrender their registratio...
Goods and Services Tax : Generally place of supply will be the place of recipient of service, if it is not available then place of supplier of service exce...
Definition of business seems only to clarify that apart from the activities mentioned in the schedule V, all other activities shall be termed as business transactions and will be covered under GST.
Article Analyses changes bought in the definitions of ‘Adjudicating Authority’ and ‘Agent’ under revised Model GST law
Valuation provisions under section 15(3) of revised Draft Model GST Law lays down conditions to be adhered in relation to exclusion of discounts.
Eighth meeting of goods and services tax (GST) council held on Wednesday yet again ended on an uncertain note, effectively ruling out possibility of implementation of GST from 1 April.
The chapter states the provision relating to the audit to be undertaken by the GST authorities. It prescribes the rights and obligation of the GST authorities in the event of conducting an audit.
197. Transitional provisions for availing Cenvat credit in certain cases – This provision has been added to as to provide for treatment of such cenvat which was reversed before the appointed day due to non-payment of consideration within a period of 3 months.
Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law
It is provided in sub-section (1) that every proceeding of appeal, revision, review or reference relating to a claim for CENVAT credit initiated whether before, on or after the appointed day, under the earlier law shall be disposed of in accordance with the provisions of earlier law
179. Pending refund claims to be disposed of under earlier law This section provides for the treatment of such refund claims which have been filed before the appointed day in respect of any tax, amount of cenvat credit, duty, tax or interest paid before the appointed day.
Articles deal with Section 175 of revised model GST Law on Inputs removed for job work and returned on or after the appointed day.
