Articles by CA Amit Harkhani
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Section 17(5) of the CGST Act, 2017
As per Section 2(76) of CGST Act, 2017 Motor vehicle shall have the same meaning as assigned to it in clause (28) of section 2 of the Motor Vehicles Act, 1988.
Supply From DTA to SEZ or SEZ to DTA under GST
As per Section 7(5)(b) of the IGST Act, 2017 says that Supply of goods or services or both made to or by a Special Economic Zone developer or a Special Economic Zone unit shall be treated to be a supply of goods or services or both in the course of inter-State trade or commerce.
Scrutiny of Returns: GST ASMT-10
GST ASMT-10 is merely a notice where discrepancies are found and intimated to the taxpayers. Hence there is no personal hearing in ASMT-10.
GST on Factoring Arrangements
Factoring is very popular and necessary to enhance working capital by quick conversion of book debt into liquid form.
GST Implication on Recovery Agent Service
As per Section 2(5) of CGST Act, "Agent" means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called,who carries on the business of supply or receipt of goods or services or both on behalf of another.
Explanation of Condition V of Section 2(6) of IGST Act, 2017
As per the Section 2(6) of IGST Act, 2017 "export of services" means the supply of any service
GST Implications on Freight in case of Import & Export of Goods
Freight charges is the cost of transportation services. According to the Business Dictionary, freight costs include packaging, palletizing, loading or unloading charges, carrier fees, and insurance costs.
GST Implication on Export of Goods & Service
Export incentives are certain benefits exporters receive from the government as acknowledgement for bringing in foreign exchange and as compensation for the costs they incur.
Analytical View of Scope of Supply under GST
The expression 'Supply' includes all forms of supply of goods or services or both made or agreed to be made for a consideration by a person in the course or furtherance of business.
GST Implication on Lease & Sale of Motor vehicles
GST is applicable only if transactions constitute the supply. If there is no supply, no GST will be charged. Let us understand the GST implication on lease and sale of motor vehicles.
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