Why import of services by SEZ needs exemption specifically?
Why import of services by SEZ needs exemption specifically?: The study material broadly covers an overview of the four GST Acts focusing upon the following key
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Refund of accumulated input tax credit on account of exports
Refund of accumulated input tax credit on account of exports – Getting the most out of it. Refund Mechanism plays a vital role in any tax
Input Tax Credit – Eligibility criteria, Additional conditions for eligibility
Input tax credit was allowed under Cenvat Credit Scheme and the same was allowed for utilisation for payment of duty / service tax on final
Refund of GST paid by Exporters on Inward or Outward Supplies
Refund of GST paid by Exporters on Inward or Outward Supplies: Exporters are entitled to obtain the refund of CGST + SGST / UTGST or
Reverse charge under Section 9(4) – supplies received by a registered person from unregistered persons
Reverse charge under Section 9(4): Under Section 9(4), it has been provided that all supplies received by a registered person from unregistered persons will be
Electronic commerce operator – Latest Provisions related to GST
Electronic commerce operator: As per Section 9(5) of the CGST Act, 2017, the Government has been given the power to notify certain categories of services
Payment of tax by registered person for construction against transfer of development right and vice versa
Payment of tax by registered person for construction against transfer of development right and vice versa: Real estate developers usually do not have ownership of land
GST on trading of Transferable Development Rights – Taxability
GST on trading of Transferable Development Rights (TDR’s): State Governments across India have evolved a method of compensating the loss for acquisition of land /
GST Tax Payment Rules, GST Payment Rules till Feb 2021
GST Tax Payment Rules, GST Payment Rules as per GST bill 2021. check out all details Goods and Service tax Payment Rules. users can download
GST and Electricity: A Mysterious Affair (Detailed Analysis)
GST and Electricity : “With great power comes a great Electricity Bill”, kudos to CBIC for issuing a circular that turned the tables and increased
GST Invoice Rules 2021, GST Invoice Format in Excel Format
GST Invoice Rules 2021, GST Invoice Format: An invoice is a commercial instrument issued by a supplier of goods/services to a recipient. It identifies both
Impact of COVID 19 on GST – Check out Various Reliefs and ITC
Impact of COVID 19 on GST: Indian government chose complete lockdown as an important measure to protect human life’s from the rapid spread of COVID
Submission of GST Audit Report – All details with all provisions
Submission of GST Audit Report: The concept of audit by a Chartered Accountant in the area of Indirect Taxes was confined to State Value Added
Filing an application Form ARA 01 for seeking Advance Ruling
Filing an application Form ARA 01: How can I generate a new registration for the advance ruling at the GST Portal, make payment and submit
Valuation Rule for supply under Goods and Services Tax
Valuation Rule For Supply Under Goods and Services Tax: Value of Supply in common terms is nothing but the amount paid by the recipient of
Negative list of ITC under GST – ITC cannot be claimed on below list
Negative list of ITC under GST.: Government is making efforts to support the taxpayers with GST migration and resolve their queries. Two call centres have
Basics of GST Returns – All you need to know about GST Returns
Basics of GST Returns: For the sake of brevity, the term input tax credit has been referred to as ITC in this Chapter. The section
Advance Ruling on Supply of food and beverages in trains with case Law
Advance Ruling on Supply of food and beverages in trains: Till now many rulings have been given by the AAR under GST, one of the
E-invoicing under GST – Business benefits doubled with easy reconciliation
E-Invoicing System- An Introduction. e invoicing under gst – implementation date has been extended from April 2020 to late this year i.e. October 2020 by
Job Work Procedure, Provisions under Section 143 of CGST Act
Job Work Procedure: The concept of job-work already exists in erstwhile law of Central Excise, VAT and Service Tax. Under these regulations, concession was given
GST Concessions Granted Consequent to COVID-19 Outbreak
The worldwide outbreak of the Corona Virus pandemic has forced the Government to announce unprecedented measures to contain the spread of the dreaded disease. Countrywide
GST Model India – CGST, IGST, UTGST, SGST for India 2021
GST Model India – CGST, IGST, UTGST, SGST for India 2021. gst model of India. Goods and Service Tax, the forthcoming biggest reform in the
Blocked Credits under GST, Ineligible Input Tax Credit under GST
Blocked Credits Under GST: Generally the input tax credit eligibility is based on whether the same is used for taxable supplies or exempt supplies. Where
Concept of ISD (Input Service Distributor) Understand with Example
Concept of ISD: As explained above, ISD is an office of supplier of goods and services. A supplier may have number of establishments located in
Definition of Supply under GST, Meaning of Supply Under GST 2021
Definition of Supply under GST, Meaning of Supply Under GST. Goods and Services Tax (GST) envisages two types of supply, intra state and interstate. The
Advantages and Disadvantages of GST (Goods and Service Tax)
Advantages and Disadvantages of GST (Goods and Service Tax). GST is one of the biggest taxation reform in India aiming to integrate state economics and boost
GST on Education Services, GST Rates HSN Codes for Education Sector
GST on Education Services, GST Rates HSN Codes for Education Sector. India’s most progressive tax reform is knocking on our doors, and CAknowledge.in team has
Provisional Assessment under GST: Procedure, Interest liability, Explained
Provisional Assessment under GST: A supplier will come to know the extent of his tax liability which has to be discharged on a continuous and
GST on Imported Goods – Detailed Analysis with Examples
GST on Imported Goods: With the introduction of the much awaited Goods and Services Tax (GST), the basic fundamentals of taxation under the indirect taxes
GST on Advertisement, GST Rates on Advertisement with Analysis
GST on Advertisement, GST Rates on Advertisement with Impact Analysis. It is indeed a great pleasure to witness and be a part of this biggest economic