Section 7 of IGST Act 2017 determines nature of supply of goods or services or both in the course of inter-state trade or commerce. Sub-section 5 of such section provides that following supplies shall be treated to be a supply of goods or services or both in the course of […]
Ministry of Finance (MOF) has declared Goods and Services Tax Database and its associated infrastructure dependencies installed at Goods and Services Tax Network (GSTN), as the protected system under Information Technology Act, 2000. MOF vide notification dated 4th February 2020, has declared that only following persons shall be authorised to […]
Section 77 of CGST Act 2017 and Section 19 of IGST Act 2017 deals with the situation where tax paid under wrong heads. As per Section 77(1) of CGST Act 2017, a registered person who has paid the Central tax and State tax or, as the case may be, the […]
Legal Provisions for Non-Filers or say “return defaulters” Section 46 of CGST Act 2017 identifies a registered person as tax return “defaulter” who fails to furnish a return under section 39 (Monthly/quarterly return) or section 44 (annual return) or section 45 (Final return). Sometimes, these persons also called as non-filers. […]
As the government has provided the fully online module for all type of refunds w.e.f. 26/09/2019, it has issued a circular to clarify various issues on refunds along with detailed procedure for application of refunds. Refund procedure has been discussed in our earlier article >>> New Procedure for Refund-Fully Online […]
After more than two years, government now succeeds to provide fully online module for application, processing, issuance and disbursement of eligible refunds under GST Laws. As per Circular no. CIR-125/44/2019-GST dated 18/11/2019, government has clarified that it is fully ready for online processing of refunds w.e.f. 26/09/2019. This circular is […]
At the time of writing this article, almost 28 months has been completed from the incorporation of GST laws in Indian Indirect Taxation System. In these 28 months, hundreds of notifications, amendments, enhancements were brought into GST laws for betterment of industry as well as exchequer. However, still it lacks […]
The 37th Meeting of GST Council held in Goa on 20th September 2019 headed by current Finance Minister Smt. Nirmala Sitaraman In this meeting, various decisions taken including relaxations, export incentives, ease of doing, gst rate reductions, exemptions, etc. In this article, we will discuss all the decisions / outcomes […]
On 23rd April 2019, Central government has issued an order called “Removal of Difficulties Order – CT-ROD-ORD-05/2019 to give one time opportunity to all taxpayers whose GST number was cancelled by department on account of sou moto action. In this order, it is provided that whose GST number was cancelled by GST […]
Schedule-I of CGST Act 2017 specifies certain Activities which shall be treated as supply even if made without consideration. Entry no. 3 of this schedule specifies transactions of supply of goods between principal and his agent and are reproduced below:- (a) Supply of goods by a principal to his agent […]
