Section 12 talks about the time of supply of goods which is when the liability to pay tax arises on goods.
Real estate is an important pillar of the India Economy. Taxation of real estate sector has always been critical issue, before GST was introduced in 2017 various taxes like Vat, Central Excise duty Service tax etc, were paid by the buyer. The cost incurred of these taxes by builder was then transferred to the buyer.
The relevant provisions of the law relating to Refund of unutilized ITC on account of supply of services to SEZ
Important points related to GST notifications as issued on 31st March 2023.
Place of supply provisions relating to freight forwarder and exporter as well as proposed changes in those provisions vide Finance Act, 2023.
Top 10 Amendments in GST in February and March 2023
GST notifications issued on 31st March 2023
GST Council held its 49th GST Council Meeting on 18th Feb 2023 & now it has issued notifications on 31-03-2023. What are these notifications?
The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2023. These updates cover a range of topics, from late fees for certain returns to changes in registration and assessment procedures. In this article, we'll summarize these updates and what they mean for taxpayers in India.
Blocked credit refers to the input tax credit that cannot be claimed by a taxpayer under the GST regime. Input tax credit is the tax paid on inputs, i.e., goods and services that are used in the course of business, which can be set off against the output tax liability of the taxpayer.
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