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FAQs on Payment of GST

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments4908 views

FAQs on Payment of GST Q 1. What are the Payments to be made in GST regime? Ans. In the GST regime, for any intra-state supply, taxes to be paid are the Central GST (CGST), going into the account of the Central Government) and the … Continue Reading →

Goods and Service Tax

FAQs on Demands and Recovery in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5398 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 comments4776 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 comments5065 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 comments5150 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 comments5543 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 comments4556 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 comments4819 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 comments4739 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 →

Service Tax

Cenvat Credit can be used for Mandatory Pre-Deposit in Filing Service Tax and Excise Appeal

June 7, 2017June 7, 2017 TaxIndiaUpdates In0 comments6932 views

The Hon’ble CESTAT, Kolkata in case of M/s. Manaksia Ltd. Vs. Commissioner of Central Excise, Haldia has held that Cenvat Credit can be used for Mandatory Pre-Deposit in Filing Service Tax and Excise Appeal. In para 5.1 of the decision the tribunal has held that … Continue Reading →