Understand why Input Tax Credit (ITC) reversal is not required for High Sea Sales transactions under Section 17(2) of the CGST Act. Learn more.
Understand Section 62 of the CGST Act for non-filers. Learn about assessment orders, deadlines, and how to withdraw them with interest and late fees.
Discover when employers can claim Input Tax Credit (ITC) on employee benefits like food, travel, and insurance, even when restricted by law.
Learn the conditions for exporting under bond or Letter of Undertaking (LUT) as per Rule 96A of CGST Rules, 2017. Ensure compliance to avoid tax and interest.
Learn if book adjustments count as payment for supplies to avail Input Tax Credit (ITC) under GST. Understand the rules and avoid ITC reversal.
According to Section 17, the input tax credit is available only to the extent of the good
DefinitionJob work: Any treatment or process undertaken by a person on goods belonging to another registered personPrincipal: The registered person on whose goo...
The liability to pay tax arises at the time of supply, time of supply is determined as per the below provisions:Time of
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...
As per the Section 7(c) of GST Act, there are activities which are considered as supply for the purpose of this Act even without consideration. The Schedule I ...
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English