GST Issues : casual taxable person and non-resident taxable person

By | October 21, 2017
(Last Updated On: October 21, 2017)

Suggestions on GST Implementation Issues 28.09.2017 by ICAI

45. Special provisions relating to casual taxable person and non-resident taxable person

Section 27(2) of the CGST Act provides that: A casual taxable person or a non-residenttaxable person shall, at the time of submission of application for registration under sub- section (1) of section 25, make an advance deposit of tax in an amount equivalent to the estimated tax liability of such person for the period for which the registration is sought:

Suggestions
• It is suggested to replace the word with estimated tax liability with “estimated output net tax liability” and it would be allowed to be paid with input tax credit if any transfer of goods being made by causal dealer in the course of such transaction.
• It is also suggested to clarify that who would make the estimate of tax liability. Since, it is possible that authorities may intervene and reject estimate made by the dealer.

 

Read Complete Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee in PDF

 

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