Transaction of import of goods is not covered by section 7 of CGST act, 2017 which is scope of supply hence Import of Goods transaction is not a supply transaction hence not chargeable to GST under GST act.
GST on Hotel Services is charged on the amount payable or actual amount charged (transaction value)and not on the declared tariff value.
Various rulings and judgments have been announced under GST. Here is a brief overview of the same.
Import of Services under GST - Taxability and Exemption
Know the pros and cons of exporting under LUT and with payment of tax. This update will surely help all the taxpayers in deciding what would be more advantageous taking into consideration the factors like refund sanctioning, compliance requirements etc.
In this article, we would highlight the important aspects under the Goods & Service Tax Act, 2017 (GST Legislation) and Income Tax Act, 1961, in connection with online sale through ECO.
Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna
Person in Trade and Industries are in the fix regarding availability of Input Tax Credit(hereinafter referred to as "ITC") on certain type of Business promotion expenditure. Such expenditures are necessary to boost the sale of service. and before we proceed further let us look into certain sections/clauses/terms and conditions.
There are powers granted under Article 279A(4)(f) of the constitution, the GST Council can levy a special tax during any natural calamity or disaster. In order to raise additional revenue from GST, central government was considering imposing a Calamity Cess on GST @ 1% to tide over the economic crisis.
Audit under GST means an examination of returns, records, and other documents maintained or furnished by the registered person under the GST Act.
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