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CENVAT Credit (of Excise duty) allowed on Closing Stock as on 30.06.2017 even if dealer was not an excisable unit or exempted entity under Excise Laws

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…

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Transitional Provisions – Input Tax Credits – UTGST

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…

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Transitional Provisions- Input Tax Credits- State GST (SGST)

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…

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GST Transition- Unavailed Credit of Capital Goods

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…

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Transitional provisions for Unutilized balance of CENVAT Credits

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)…

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Scope of “Supply” under GST in India

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…

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Online Information and Database Access or Retrieval services or say OIDAR services : An equal hit for person located in Non – Taxable Territory (i.e. out of India)

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…

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Relevancy/concept of determination of Place of Supply in GST in India

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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How to determine Place of Supply of Services in GST in India IN CASE LOCATION OF SUPPLIER OR LOCATION OF RECIPIENT IS OUT OF INDIA

In this article, we will discuss how to determine place of supply of specified SERVICES with reference to Section 13 of IGST Act where location of one the service provider or services receiver is located out of India and another is located…

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How to determine Place of Supply of Services in GST in India (Other than Import/Export)?

In this article, we will discuss how to determine place of supply of services where “Location of Service Provider” and “Location of Service Receiver” both are within India. Law reference:  Section 12 (IGST) Place of Supply of SERVICES…

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