Question : What is Electronic Commerce? Answer: Electronic Commerce has been defined in Section 2(44) of the CGST Act, 2017 to mean the supply of goods or services or both, including digital products over digital or electronic network. Related GST FAQ GST on E Commerce : FAQ GST on Mining Sector : FAQ GST… Read More »
Easy Steps to create GSTR 1 Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release GST… Read More »
GST Law & Practice -A Section-wise Commentary on GST July 2017 Edition A Section-wise Commentary on Goods and Service Tax Price Rs 1590 Click to buy online Edition : 2017 Edition Date of Publication : July 2017 ISBN No.:9789386635587 Binding : Paperback No. Of Pages : 1136 Weight (Kgs) : 1.21 View Contents of this book : GST Law & Practice… Read More »
Circular No 32/2017 Customs Dated 27th July 2017 Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release… Read More »
Increase in number of Income Tax payers after demonetisation The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore returns were filed as compared to 1.63 crore returns filed during corresponding period of FY 2015-16 and 1.23 crore returns filed during corresponding period of FY 2014-15.… Read More »
Mandating Aadhaar linkage to PAN cards Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective of one PAN to one assessee it is required to… Read More »
Circular No 33/2017 Cus Dated 1st August 2017 Reference has been received in the Board regarding clarity on Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods. 2. The issue has been examined in the Board. ‘High Sea Sales’ is a common trade practice whereby the original importer sells the goods to a third person before the… Read More »
Question : As per Section 54 (3), it is clear that no refund of ITC will be available for export in the cases where product is subject to export duty. Iron Ore export is subjected to export duty. In the earlier regime, the exporters were allowed to take refund of service tax paid on exports. Will… Read More »
Question : Will ITC be available on steel, timber and sometimes cement which are used in the underground mines to provide a protective device for security purpose? Answer: Credit will not be available if these goods are supplied for construction of an immovable property. But if these are temporarily placed for protective purposes, credit will… Read More »
Question . Whether supply of HSD free of cost for mining operation would attract GST and whether the input tax credit would be available for GST so charged by the Service provider? Answer: HSD is outside GST and therefore, input tax credit would not be admissible. Related GST FAQ GST on Mining Sector… Read More »