List of 12 offences under GST which can put you in Jail ? As per the FAQs on GST by CBEC (Penalties, Prosecution and Compounding) prosecution can be taken against taxable person if he commits any of the 21 offences listed under Section 73 of Model GST Law Q 16. Which are the offences which warrant… Read More »
Why not to delay GST Registration ? Timely GST Registration will give you ITC on Stock held preceding the date from which Taxable person becomes liable to pay tax As per the following FAQs on GST (ITC) released by CBEC Q 5. What is the ITC entitlement of a person who has applied for registration under the… Read More »
Delayed entry of Tax Invoice in Books under GST CBEC clarified the question vide FAQ’s on GST (Chapter Input Tax credit) Q 16. When shall a taxable person be not entitled to take input tax credit under sub-section (2), (2A) or sub-section (3) of Section 16 in respect of any supply of goods and / or… Read More »
Input Tax Credit on Car of Director not Available under GST ? As per the FAQ’s on GST released by CBEC, Question No 23 of Input Tax Credit provides the following calrification Q 23. A Taxable person is in the business of information technology. He buys a motor vehicle for use of his Executive Directors.… Read More »
GST – Arrest Guidelines for Officials As per FAQs on GST released by CBEC , Question No 23 and 24 on -Inspection, Search, Seizure and Arrest gives the following guidlines for Arrest under GST Q 23. What are the precautions to be taken during arrest? Ans. The provisions of the Code of Criminal Procedure, 1973 (2… Read More »