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GST on Charitable and Religious Trusts

July 8, 2021December 8, 2021 TaxIndiaUpdates In0 comments2511 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 comments3832 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 comments2029 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 comments3205 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 The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16- 11-1997 which was subsequently withdrawn … Continue Reading →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 comments6034 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 comments8255 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 comments3505 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 comments3983 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 comments10866 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 →

Goods and Service Tax

Demands and Recovery under GST Regime (SCN and Adjudication)

July 1, 2021December 4, 2021 TaxIndiaUpdates In0 comments10011 views

Chapter XV of the Central Goods and Services Act 2017 (Sec. 73 to Sec. 84) deals with Demands and Recovery under GST regime which includes issuance of Show Cause Notices and Adjudication proceedings: Determination of tax not paid or short paid or erroneously refunded or … Continue Reading →