Goods and Service Tax Archives - Page 3 of 12

Zero Rated Supply in GST

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments2601 views

Zero Rated Supply in GST Introduction What is the need for Zero Rating? As per section 2(47) of the CGST Act, 2017, a supply is said to be exempt, when it attracts nil rate of duty or is specifically exempted by a notification or kept … Continue Reading →

Goods and Service Tax

GST on Charitable and Religious Trusts

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1763 views

The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over from the erstwhile service tax provisions. All services provided by such entities are not exempt. In fact, there are many services that are provided by such … Continue Reading →

Goods and Service Tax

GST on Education Services

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments2543 views

“Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector has always been a sensitive … Continue Reading →

Goods and Service Tax

Taxation of Works Contract in GST Law

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1319 views

Introduction: What is a works contract? Simply put, a works contract is essentially a contract of service which may also involve supply of goods in the execution of the contract. It is basically a composite supply of both services and goods, with the service element … Continue Reading →

Goods and Service Tax

GST on Goods Transport Agency

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments1875 views

Background of levying tax on the services of Goods Transport Agency The levy of Service Tax on Road Transportation Service has always been a contentious issue. The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16- 11-1997 which was subsequently withdrawn … Continue Reading →

Goods and Service Tax

Registration in Goods and Service Tax Law

July 8, 2021August 13, 2021 TaxIndiaUpdates In2 comments4723 views

Section 22 of the CGST Act, 2017 deals with registration under GST law. The following person are required to get registered under GST Law:- 1. Every supplier is required to get Registration under GST Law in the State or Union territory, other than special category … Continue Reading →

Goods and Service Tax

Analysis of Supply under GST Law

July 7, 2021December 3, 2021 TaxIndiaUpdates In0 comments6678 views

The concept of ‘Supply’ is introduced first time in Indian Taxation System the taxation event will be decided by the Supply under GST Law. In earlier law the event levy of tax was provided separately for each tax levied by government: Existing Indirect Tax Law … Continue Reading →

Goods and Service Tax

GST Returns at Glance

July 7, 2021December 7, 2021 TaxIndiaUpdates In0 comments2417 views

Section 39 of the CGST Act, 2017 provides that every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52 shall, for every calendar month … Continue Reading →

Goods and Service Tax

Composition Levy Scheme in GST

July 7, 2021December 7, 2021 TaxIndiaUpdates In0 comments2721 views

Composition Levy Scheme in GST Composition Levy Scheme under GST law. Composition levy scheme is a very simple, hassle free compliance scheme for small taxpayers. It is a voluntary and optional scheme. A taxpayer registered under composition levy scheme has to pay an amount equal … Continue Reading →

Goods and Service Tax

Appeals and Revision in GST law (Procedural Aspect)

July 1, 2021December 4, 2021 TaxIndiaUpdates In0 comments9131 views

Chapter XVIII of the Central Goods and Service Tax Act 2017 (Sec. 107 to Sec. 121) deals with Appeals and Revision in GST law: Appeals to Appellate Authority (Section 107) (1) Any person aggrieved by any decision or order passed under this Act or … Continue Reading →