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…
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…
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…
As we know, GST is going to make a historic change in the indirect taxation system in India w.e.f. 1 July 2017. It will impact almost all the sectors in the country whether with small affects or with…
Concept of Composite Supply: Concept of Composite Supply brought in law to easily identify and decide tax structure of supplies. There might be separate HSN Code, separate tax rate for goods/services included in a grouped supply. However, if…
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