Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 17. Reimbursements to employees for business purposes whether liable to reverse charge u/s 9(4) of CGST ACT, if the supply of goods/service is from an unregistered person. Section 9(4) of CGST Act, 2017 provides that a registered person will be liable to… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 16. Mandatory Registration under section 9(3) for Reverse Charge purpose need not trigger the provisions of section 9(4) Section 9(3) of the CGST Act, 2017 provides that the Government may, on the recommendations of the Council, by notification, specify categories of supply… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 15. Transfer of Land etc. by way of inheritance, testament, gift etc. Clause 5 of Schedule III of CGST Act, 2017 as specified in Section 7 provides that Sale of land and, subject to clause (b) of paragraph 5 of Schedule… Read More »
MINISTRY OF TEXTILES NOTIFICATION New Delhi, the 28th September, 2017 SCHEME FOR REBATE OF STATE LEVIES ON EXPORT OF GARMENTS AND MADE UPS- POST GST INTERIM RATES OF ROSL No.14/26/2016-IT – In pursuance of the decision of the Government of India to initiate measures for reforms to boost employment generation in the employment intensive textiles… Read More »
FAQ on GST Rates clarified by CBEC FREQUENTLY ASKED QUESTIONS ON GST RATES PRESS RELEASE, DATED 29-9-2017 S. No. Query Reply 1. What is the GST rate for rice bran? 1. Rice bran falls under HS code 2302. 2. Rice bran for use as aquatic feed including shrimp feed and prawn feed, poultry feed & cattle… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 14. Reimbursement of expense for which invoice is issued in the name of employee As per Schedule III of the CGST Act, 2017 services by an employee to the employer in the course of or in relation to his employment are… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 13. Business Goods put to Private use by an assessee Clause 4(b) of Schedule II of CGST Act, 2017 as specified in Section 7 provides that where, by or under the direction of a person carrying on a business, goods held… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 12. Taxability of Import of services Section 7(1)(b) of CGST Act provides that supply includes import of services, for a consideration whether or not in the course or furtherance of business, and Further, Schedule I Point 4 of the CGST Act… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 11. Removal of words “such as” as the definition of Supply is inclusive one. Section 7(1)(a) of the CGST Act provides that Supply includes—(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license,… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 10. Term Provision to be included in Definition of Supply Section 7(1) of CGST Act, 2017 provides that the expression “supply” includes–– (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental,… Read More »