As per Section 5 of IGST Act, Integrated Goods and Service Tax (IGST) will be levied on all inter-state supplies of goods or services or both.As per Section 9 o...
1) Person not registered :If a person is not registered under GST , he can not claim Input Tax Credit.2) If Supplies not used by Registered person in his busine...
Introduction:The objective of this article is to keep it short and sweet. This is solely based on my understanding of GST legislations. If you differ with me fo...
Introduction:'Customer is King' is the most popular policy followed by most of the corporate to sustain in the market & also to increase their m
What is the procedure for applying refund of GST interest?Refund of any tax, interest if any paid on such tax; unutilised input tax credit has to be applied onl...
Like input tax credit reversal on input and input service, there is a requirement to reverse the Input Tax Credit taken on the capital goods.ITC reversal on cap...
Advance Ruling means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions spe
Returns under composition scheme have new surprises. Let us unlock these surprises here for you :It was no less than a shocker when a representative from the GS...
We are sharing with you an important judgement of the Hon'ble Supreme Court of India in the case of Commissioner of Central Excise & Service Tax Vs. U
Rule 42 of the Central Goods and Service Tax Rules, 2017 determines the manner for the calculation of ITC on input and input service to be reversed.To understan...
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