Coverage of refund in GST (PDF of this article is also attached in the end) We can broadly segregate the refunds in two parts. Refund for the exports and refund for domestic sales. Chapter XI of CGST/SGST Act containing the section from 48 to 52
Format for declaration of authorized signatory GST enrolment is already started in some states. You can online draft your authorization letter on this link.GST enrolment for the service tax assessee and excise registered taxpayers has also been started . The states where the GST enrolment
Why we need to determine the time of supply Time of supply is an importance concept in GST. Levy of GST is generated by section 8 of CGST/SGST and section 5 of IGST Act. The time of payment of tax will be determined by the
Why we need to determine the time of supply of services in GST? Levy of GST in derived from Section 8 of CGST/SGST Act(For intra states sales ) and section 5 of IGST Act (For inter-state and import and export supplies). These sections generates the
Enrolment for DVAT dealers to start from 16th December 2016 Enrollment process for DVAT dealers to be starting from 16/12/2016 till 31/12/2016. Here I have compiled the basic requirements for the GST enrolment by Dvat dealers. It is advisable that thy should compile all these
Transition in GST Transition in GST is going to start very soon. It is important to understand these provisions before the applicability of Law.Provisions for transition in GST are covers in Chapter XXVII. It contains the 33 sections from section 185 to section 197. PPT
Refund of CGST/SGST paid in place of IGST or vice versa: hardship in earlier provisions The provisions for refund in the revised draft of Model GST Law have been modified.Earlier provisions have a hardship on taxpayer that first they will have to pay taxes.After payment
Provisions for GST migration are covered in chapter XXVII –Transitional Provisions This chapter contains sections from 165 to 197 covering the wide range for the provisions for each and every situation of GST migration. Section 165 and 166 provide for the migration of staff and
Special provision for payment of tax by a supplier of online information and database access or retrieval services located outside India to specified person in the taxable territory. Definition of online information and database access or retrieval services in GST. These are the new type of
Taxation Second Amendment Bill, 2016: 11 things to know for disclosure of black money The Government announced demonetization of existing currency of Rs 500/1000 as a step forward to curb black money with effect from the 9th November, 2016. However, concerns have been raised that
