CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 54 Rule 55A ⟶ Rule 55 – Transportation of goods without issue of invoice This rule was made and amended vide the following notifications • Central Tax Notification…
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…
Transitional Provisions Q 1. Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST? Ans. A registered person, other than a person opting to pay tax…
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 135 Rule 137 ⟶ Rule 136 – Monitoring of the order The Authority may require any authority of central tax, State tax or Union territory tax to monitor…
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 158 Rule 160 ⟶ Rule 159 – Provisional attachment of property (1) Where the Commissioner decides to attach any property, including bank account in accordance with the provisions…
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 96 Rule 96B ⟶ Rule 96A – Refund of integrated tax paid on Export of goods or services under bond or Letter of Undertaking This rule was made…
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 124 Rule 126 ⟶ Rule 125 – Secretary to the Authority This rule was made and amended vide the following notifications • Central Tax Notification No. 14/2018 (dated…
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 5 Rule 7 ⟶ Rule 6 – Validity of composition levy (1) The option exercised by a registered person to pay tax under section 10 shall remain valid…
Demands and Recovery 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…
Valuation in GST 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…