Input tax credits of Excise Duties Where a registered person under GST, who was engaged in the: manufacture of taxable as well as exempted goods under the Central Excise Act, 1944; or provision of taxable as well as…
The objective of this provision is to provide benefit of Input Tax Credits paid under State VAT laws to dealer (registered under GST), on stock in hand as on 01.07.2017 (which is liable to tax under GST), where…
Yes, it is true that a person registered under GST laws shall be entitled to take credit of eligible duties even if he was not registered under earlier laws and not filed any return under existing law. The objective of…
This article relates to Unutilized balance of VAT Credit (under UT VAT laws) standing on 30.06.2017. A registered person under GST (other than those who opt to pay GST under Composition Levy) shall be entitled to take the…
This article relates to Unutilized balance of VAT Credit (under State VAT laws) standing on 30.06.2017. A registered person under existing State laws will be allowed to take ‘State VAT credit’ carried forward in the return (under existing…
In this article, we are going to discuss the transitional provisions under GST acts (CGST, SGST and UTGST) regarding input tax credits of capital goods unavailed as on 30.06.2017. Concept of this transitional provision is same in all…
Transitional Provisions in case of Unutilized balance of CENVAT Credit (of Excise Duty) lying in books as on 30.06.2017 (Section 140(1) under CGST Act) A registered person under GST (other than those who opt to pay GST under Composition Levy)…
Law for Scope of Supply is provided in Section 7 of CGST Act. Scope of Supply means those supplies which shall be considered as Supplies for levy of GST. As per general rule, every transaction in the normal…
Definition of OIDAR services: Meaning of OIDAR services: As per Section 2(17) of IGST Act, OIDAR services are those services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which…
Place of Supply means the location where the supply of Goods or services of both have been affected. In simple words, place of supply means the place where goods/services are consumed for personal use or used in the…
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