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High Sea Sales is one kind of sale transactions prevalent in trade practices where the original importer arranges to sell the importing goods to another buyer b...
Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.
There was confusion whether the proviso applies to all the above-mentioned services or not. The same was clarified vide Circular No.172/04/2022-GST dated 6th July 2022.
The Government takes a number of steps to make exporting easier in order to promote exports. As long as the exporter complies with specific requirements, expor...
There has been a confusion among the dealers whether the consideration for supplies can be paid by book adjustments under GST Act. In many businesses, the dealers buy and sell goods or services from one another for which they don’t make payment in cash rather they adjust the book entries for such purchases and sales.
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
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