Circular No 23/ 2017 Dated 19h July 2017 Subject : modification of Circular No 1 of 2014 in view of Substitution of Service tax by Goods and Service tax ( GST ) The Central Board of Direct Taxes (the Board) had earlier issued Circular No. 1/2014 dated 13-1-2014 clarifying that wherever in terms of the agreement or… Read More »
GST FAQs on queries of Various Sectors S. No. Query Reply REGISTRATION 1. If I buy raw material from a supplier unregistered under GST, do I have to pay GST in RCM and can I avail ITC of the same? Yes, you have to pay GST via Reserve Charge Mechanism (RCM). You can avail ITC… Read More »
Schedule III Haryana GST Act 2017 ( Schedule III Haryana GST Act 2017 explains Activities or Transactions Which Shall Be Treated Neither as a Supply of Goods Nor a Supply of Services ) SCHEDULE III [See section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services by… Read More »
Schedule II Haryana GST Act 2017 ( Schedule II Haryana GST Act 2017 explains Activities To Be Treated as Supply of Goods or Supply of Services ) SCHEDULE II [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES 1. Transfer (a) any transfer of the title in goods is a supply of… Read More »
Schedule I Haryana GST Act 2017 ( Schedule I Haryana GST Act 2017 explains Activities To Be Treated as Supply Even If Made Without Consideration ) SCHEDULE I [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1. Permanent transfer or disposal of business assets where input tax credit has been availed on such… Read More »
Section 174 Haryana GST Act 2017 ( Section 174 Haryana GST Act 2017 explains Repeal and savings and is covered in Chapter XXI : MISCELLANEOUS ) Repeal and savings 174. (1) Save as otherwise provided in this Act, on and from the date of commencement of this Act, (i) the Haryana Value Added Tax Act, 2003 (6 of 2003), except in… Read More »
Section 173 Haryana GST Act 2017 ( Section 173 Haryana GST Act 2017 explains Omission of certain sections of Haryana Act 16 of 1994 and is covered in Chapter XXI : MISCELLANEOUS ) Omission of certain sections of Haryana Act 16 of 1994 173. Save as otherwise provided in this Act, on and from the date of commencement of this Act,… Read More »
Section 172 Haryana GST Act 2017 ( Section 172 Haryana GST Act 2017 explains Removal of difficulties and is covered in Chapter XXI : MISCELLANEOUS ) Removal of difficulties 172. (1) If any difficulty arises in giving effect to any provisions of this Act, the Government may, on the recommendations of the Council, by a general or a special order published… Read More »
Section 171 Haryana GST Act 2017 ( Section 171 Haryana GST Act 2017 explains Anti-profiteering measure and is covered in Chapter XXI : MISCELLANEOUS ) Anti-profiteering measure 171. (1) Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction… Read More »
Section 170 Haryana GST Act 2017 ( Section 170 Haryana GST Act 2017 explains Rounding off of tax etc. and is covered in Chapter XXI : MISCELLANEOUS ) Rounding off of tax etc. 170. The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the provisions of this… Read More »