Meaning and Scope of Supply
Meaning and Scope of Supply 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.…
Category Articles
GST Tax collections information – July to November
GST Tax Collections information – July to November GST tax collections for November has been the lowest of all the previous four months.The following are the month wise tax collection data (provisional in nature) Month Tax Collected (in Crores) July…
Manner of opting for furnishing quarterly return | CGST Rule 61A
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 61 Rule 62 ⟶ Rule 61A – Manner of opting for furnishing quarterly return (1) Every registered person intending to furnish return on a quarterly basis under proviso…
Procedure for compounding of offences | CGST Rule 162
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 161 CHAPTER – XIX OFFENCES AND PENALTIES Rule 162 – Procedure for compounding of offences (1) An applicant may, either before or after the institution of prosecution, make…
Recovery from a third person | CGST Rule 145
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 144 Rule 146 ⟶ Rule 145 – Recovery from a third person (1) The proper officer may serve upon a person referred to in clause (c) of sub-section…
Reversal of input tax credit in the case of non-payment of consideration | CGST Rule 37
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 36 Rule 38 ⟶ Rule 37 – Reversal of input tax credit in the case of non-payment of consideration This rule was made and amended vide the following…
Tax invoice in special cases | CGST Rule 54
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 53 Rule 55 ⟶ Rule 54 – Tax invoice in special cases This rule was made and amended vide the following notifications • Central Tax Notification No. 74/2018…
Value of supply of services in case of pure agent | CGST Rule 33
CGST Rules – Central Goods and Services Tax Rules, 2017 ⟵ Rule 32A Rule 34 ⟶ Rule 33 – Value of supply of services in case of pure agent Notwithstanding anything contained in the provisions of this Chapter, the expenditure…
Offences, Penalties, Prosecution and Compounding
Offences, Penalties, Prosecution and Compounding Q 1. What are the prescribed offences under CGST/SGST Act? Ans. The CGST/SGST Act codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 122, apart from the penalty prescribed…
Central Tax Circular 22/2017 – Clarification on issues regarding treatment of supply by an artist in various States and supply of goods by artists from galleries
Central Tax Circulars CGST Circular 22/2017 Circular Number 22/2017 Circular Date 21-12-2017 PDF Download To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification on issues regarding treatment…