24 States pass the State GST (SGST) Act While 7 States viz. Meghalaya,Punjab,Tamil Nadu, Kerala, Karnataka, Jammu & Kashmir and West Bengal have yet to pass the SGST Act. Twenty Four (24) States have passed the State GST (SGST) Act till today i.e. 5th June, 2017 while 7 States viz. Meghalaya, Punjab,Tamil Nadu, Kerala, Karnataka,… Read More »
Q: If service provided to a registered person and invoice raised on HO [ Head Office ] which is registered in another state. It is intrastate or interstate? Intrastate or intersate nature of supply depends on location of supplier and place of supply. [ Reply as per Twitter Account of Govt of India for GST queries… Read More »
Q: Do registered dealers have to record adhaar/PAN while selling goods to unregistered dealers? No. Refer Section 31 r/w Rule 1(e) of Invoice Rules. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied
Q: Advance received by one branch say in haryana of a plant situated in chhattisgarh later supplied from plant what will be invoicing. Invoices to be raised at each leg of the transaction in “bill to”, “ship to” models. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other… Read More »
Q: Is it mandatory to have state wise sequential serial number for a tax invoice as per GST law? Yes. Rule 1 (b) of Invoice rules requires consecutive serial numbers on invoices issued by registered persons under Section 31. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related… Read More »
Q: Is it mandatory to charge IGST tax for an invoice which has PoS (Place of Supply) in SEZ (Special Economic Zone) ? What are implications if CGST & SGST are charged for SEZ PoS? On all inter-state supplies, IGST is to be charged. If wrongfully paid CGST/SGST instead of IGST, he would have to… Read More »
Q: Is it mandatory GST Invoice rule to have digital signature, if the invoice is not signed manually by the authorized signatory? Under Rule 1(p) of Invoice rules, tax invoice requires signature or digital signature of the supplier or his authorized representative. [ Reply as per Twitter Account of Govt of India for GST queries of… Read More »
Sir, can IGST be charged on the Inter State Service Bill where service was rendered in that particular State. If based on Location of supplier and Place of Supply of that particular service, it is an interstate supply, IGST will have to be charged. [ Reply as per Twitter Account of Govt of India for GST… Read More »
Q: Sir, what will be the tax treatment of the bills on which service tax was not paid till 30.06.17 due to non receipt of payment. If according to Point of Taxation Rules, 2011 the point of taxation falls before the appointed date, it will be governed by Service Tax provsions as provided vide Section 142 (11)… Read More »
Handbook on Valuation – 2017 by Kamal Garg (CA) (Author) This book contains topic like: * Fundamentals of valuation * Regulatory Framework and Value Drivers * Forecasting and Valuation * Approaches to Valuation * Financial Instruments * Share Based Payments (ESOPs) * Valuation of Goodwill Brand, Shares and Business * Mergers and Acquisitions * Project Planning… Read More »