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Discussing the Eligibility, Exercising Option, Details of Outward Supplies, Payment of Tax, GSTR-3B Filing and Applicability of interest and late fee w.r.t the QRMP Scheme.
In this article, we will discuss the GST impact on Sale of Capital Goods (i.e. Business Assets), including the provision of supply.
In this article we will discuss the GST Implication on Bad Debts. Bad debts are not allowed for the reduction in GST liability.
The value of a taxable supply of goods or services or both shall be the "TRANSACTION VALUE". Transaction Value is a combination of three elements.
Directors who are not the employees of the said company, the services provided by them to the Company, in lieu of remuneration as the consideration for the said services, are clearly outside the scope of Schedule III of the CGST Act and are therefore taxable.
Online Information Database Access and Retrieval services (hereinafter referred to as OIDAR) is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services.
Electronic Commerce & Electronic Commerce Operator under GST
Detail Note on Inter-Branch Transfer of Expenses.
The Input Service Distribution is self explanatory that distributing the credit on common invoices pertaining to input services only and not goods (inputs or capital goods).
A) Background:- 1) The GST Council, at its 37th meeting held at Goa on 20th September, 2019 approved the introduction of E Invoicing System. Accordingly t..
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