Yearly Archives: 2018


Notified Offences under GST for imposing penalties

Section 122 of CGST Act 2017 provides for the offences which are liable for penal action against the offenders. This section is also equally applicable under IGST Act 2017. Section 20 of IGST Act provides the authority for application of this section along with CGST or SGST/UTGST as the case […]


GST on Merchant Export Transactions

Merchant Export trade transactions include sale transaction by a supplier to the exporter of goods. Such exporter of goods is known as “Merchant Exporter”. As per Foreign Trade Policy, “Merchant Exporter” means a person engaged in trading activity and exporting or intending to export goods. Merchant exporter procures the material from […]


GST on gifts and perquisites to employees

As per Section 7 of CGST Act 2017, supply includes the activities specified in Schedule I, made or agreed to be made without a consideration. Schedule-I provides a list of activities which are treated as supply even if made without consideration. Point No. 2 of this schedule is reproduced below :- “Supply […]