When to take Input Tax Credit, If Goods is in Transit and/or received in Next Month
When the goods are purchased during the end of the month and received in next month due to return of
Read MoreConditions for taking Input Tax Credit under GST
Section 16 of CGST Act 2017 deals with conditions on taking Input tax Credit: 1) Every registered person shall, subject
Read MoreTax Rate Applicable when there is a change in Rate of Tax in GST
Section 14 of CGST Act 2017 deals with this: where there is a change in the rate of tax in respect
Read MoreLevy and collection of GST
Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax
Read MoreTaxability of Composite & Mixed Supplies & its Difference under GST
The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:— a composite
Read MoreTax liability on composite and mixed supplies under GST
Section‑8 of CGST Act 2017 defines the procedure of Taxability of composite and mixed Supply: The tax liability on a
Read MoreActivities of Transaction on which GST would not be charged
Schedule-III of CGST Act 2017 ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY
Read MoreActivities which are to be treated as supply of Goods or Supply of Services under GST
Its been defined in Schedule-II of the CGST Act 2017. Transfer any transfer of the title in goods is a supply
Read MoreActivities to be Treated as Supply under GST even if made without consideration
Schedule‑I of the CGST Rules 2017 prescribes the activities which would be treated as as Supply under GST even if made
Read MoreMeaning of Supply under CGST Act 2017
As per CGST Act 2017 GST to be levied on SUPPLY of Goods or Services. Therefor the meaning of Supply
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