IGST Act of GST Model law defines the levy of GST on inter state supplies. Section 4 of said Act reads as “(1) There shall be levied a tax called the Integrated Goods and Services Tax on all supplies of goods and/or services made in the
Section 7 of SCST/CGST Act of Model GST Law provide for the levy of GST on intra state supply. Section reads as” “Levy and Collection of Central/State Goods and Services Tax (1) There shall be levied a tax called the Central/State Goods and Services Tax
As we are aware that GST will also be applicable on non – resident. he most important question is that who will the non resident taxable person for the levy of GST. Section 2(69) of Model GST Law defines it as “a taxable person who
Section 2(96) read with section 9 of Model GST Law defines the taxable person as “(1) Taxable Person means a person who carries on any business at any place in India /State of ____ and who is registered or required to be registered under Schedule
1) Registered Taxable Person Can send taxable goods to Job Worker without Payment of Tax, provided a permission is taken In advance from the Commissioner. 2) One Job Worker can further send the good to another job worker without payment of Tax. 3) The Good
GST has redefined many concepts in direct and indirect tax law. We have here started this series to introduce them to you one by one. First term we have chosen is aggregate turnover. This term has been used at so many places in GST. This
GST council is expected to take up a proposal to tax petroleum products including crude.At present petroleum is under preview of GST but it is in zero rated goods barring the free flow of input tax credit of GST. Petroleum industry is expected to suffer
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Companies in India. The National Company Law Tribunal was formed or established under the Companies Act, 2013 which was constituted with effect from 1st June, 2016. The Ministry of Corporate
1) General Meaning- (ST-BEL-RLD) Sale, Transfer, Barter, Exchange, Licence, Rental, Lease, Disposal A) Supplies Should be made by supplier who is engaged in Business (Defined U/S 2(17)) B) Should Involve Delivery of Goods or services to another Person C) Supplier should get something in return
Section 8 of Model GST law provide for levy of composition scheme. The section read as “Notwithstanding anything to the contrary contained in the Act but subject to subsection (3) of section 7 on the recommendation of the Council, the proper officer of the Central
