Section 49(5) of CGST Act, 2017 prescribes the pattern of utilisation of eligible Input Tax Credit (ITC) for payment of tax under different heads of GST i.e. CGST, SGST, UTGST, and IGST. ITC Utilisation pattern has very crucial…
Section 12 of IGST Act, 2017 determines the place of supply of various services where location of both supplier and recipient of services are within India. In case of some of services, it is provided that if such…
“Export of services” has been defined under IGST Act 2017. As per section 2(6) of such act, it means the provisioning/supply of services which have following components:- (i) the supplier of service is located in India; (ii) the…
Before general assembly elections, the government is regularly trying to amuse ‘aam aadmi’ by continuously amending GST laws. As of now, It’s core focus sector is ‘MSME’, the highest portion by “number of people involved” in business where…
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