Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 4. Definition of Electronic Commerce Section 2(44) of the CGST Act defines the Electronic Commerce as supply of goods or services or both including digital products over digital or electronic network. Issue The current definition appears to include only ‘supply on… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 3. Separate consideration charged for goods and services supplied in conjunction: Section 2(30) of the CGST Act, 2017 defines Composite supply as a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 2. Definition of Capital Goods Section 2(19) of CGST Act 2017 provides that “capital goods” means goods, the value of which is capitalised in the books of accounts of the person claiming the credit and which are used or intended to… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 1. Definition of term Aggregate Turnover Section 2(6) of CGST Act provides that “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis),… Read More »
Income Tax News 02.10.2017 by TaxHeal
Rajasthan Govt issued Circular No 02/2017 Dated 29.09.2017 Subject Submission of affidavit to forgo actionable claim or enforceable right in respect of brand name Download Circular No 02/2017 Dated 29.09.2017 Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xvi) Credit of KKC ( Krishi Kalyan Cess) Twitter has clarified that tax paid… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xv) Credit of tax paid on RCM [ Reverse Charge Mechanism ] Twitter has… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xiv) Employee reimbursement Twitter has clarified that employee reimbursement are generally (with disclaimer) are… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee D. Twitter or FAQ related issues Solution provided through Twitter and /or FAQ in some cases are contradictory in nature and even FAQ are having disclaimer which is creating confusion. (xiii) An Individual renting residential dwelling to Pvt Ltd Co. for residential use of… Read More »