Goods and Service Tax Archives - Page 9 of 12

FAQs on Demands and Recovery in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5840 views

FAQs on Demands and Recovery in GST Law Q 1. Which are the applicable sections for the purpose of recovery of tax short paid or not paid or amount erroneously refunded or input tax credit wrongly availed or utilized? Ans. Section 73 deals with the … Continue Reading →

Goods and Service Tax

FAQs on Valuation in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5164 views

FAQs on Valuation in GST Law Q 1. What is the value of taxable supply to be adopted for the levy of GST? Ans. The value of taxable supply of goods and services shall ordinarily be ‘the transaction value’ which is the price paid or … Continue Reading →

Goods and Service Tax

FAQs on Assessment and Audit in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5514 views

FAQs on Assessment and Audit in GST Law Q 1. Who is the person responsible to make assessment of taxes payable under the Act? Ans. Every person registered under the Act shall himself assess the tax payable by him for a tax period and after … Continue Reading →

Goods and Service Tax

FAQs on Concept of Input Service Distributor in GST

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5620 views

FAQs on Concept of Input Service Distributor in GST Q 1. What is Input Service Distributor (ISD)? Ans. ISD means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document … Continue Reading →

Goods and Service Tax

FAQs on Appeals, Review and Revision in GST

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5984 views

FAQs on Appeals, Review and Revision in GST Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal? Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right … Continue Reading →

Goods and Service Tax

FAQs on Meaning and Scope of Supply in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments4998 views

FAQs on Meaning and Scope of Supply in GST Law Q 1. What is the taxable event under GST? Ans. The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business. … Continue Reading →

Goods and Service Tax

FAQs on Electronic Commerce in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5258 views

FAQs on Electronic Commerce in GST Law Q 1. What is Electronic Commerce? Ans. Electronic Commerce has been defined to mean the supply of goods or services or both, including digital products over digital or electronic network. Q 2. Who is an e-commerce operator? … Continue Reading →

Goods and Service Tax

FAQs on Refunds in GST Law [Goods and Services Tax]

June 9, 2017June 10, 2017 TaxIndiaUpdates In0 comments5156 views

FAQs on Refunds in GST Law Q 1. What is refund? Ans. Refund has been discussed in section 54 of the CGST/SGST Act. “Refund” includes (a) any balance amount in the electronic cash ledger so claimed in the returns, (b) any unutilized input … Continue Reading →

Goods and Service Tax

Revenue Secretary Dr. Adhia holds detailed review of IT-Preparedness for the Roll out of GST from July 01, 2017

May 11, 2017 TaxIndiaUpdates In0 comments3221 views

Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT-Preparedness for the Roll out of GST from July 01, 2017 60.5 lakh taxpayers out of 84 lakh enrolled as of now; Registration to be reopened for 15 days from 01st June, 2017. Out of 62,937 … Continue Reading →

Goods and Service Tax

Eight States’ Assemblies pass the State GST Act within a short span of less than one month

May 4, 2017May 4, 2017 TaxIndiaUpdates In0 comments2865 views

Eight States’ Assemblies pass the State GST Act within a short span of less than one month Eight States have passed the State Goods and Services Tax (SGST) Act in their respective State Assembly in less than a month’s time. The Legislative Assembly of Telangana … Continue Reading →