Notification on liability to Pay IGST on High Sea Sale The CBEC has released circular to clarify doubts raised by Industry for liability to Pay IGST on High Sea Sale. We are enclosing the circular and summarizing the same …
Import of Goods or services – Whether need to raise self invoice? Background – As per Section 31(3)(f) of the CGST Act, 2017, a registered person under GST Law needs to raise self-invoice in case all the following conditions …
50 FAQs on GST Registration, Transition and other issues GST REGISTRATION 1. If I buy raw material from a supplier unregistered under GST, do I have to pay GST in RCM and can I avail ITC of the same? Reply …
GST Composition Scheme Question & Answers Student: Good Day Sir, how are you? GLOBAL CMA: Hi , I am doing fine, how about you? Student: Doing Good, So today can you tell me about the Composition scheme under …
Introduction 1. The most awaited Indirect tax reform, Goods and Services tax (GST) was made effective from 01st July, 2017. GST is aimed at making taxation system Good and Simple. In this article, author tries to analyse the impact of GST …
Central Excise Notification no.12/2017 for Exemption of all excisable goods [except petroleum crude, high speed diesel, motor spirit(commonly known as petrol), natural gas, aviation turbine fuel, tobacco and tobacco products] from the whole of the duty of excise leviable thereon …
Role of CMA in GST by Mr. CMA Ashok B Nawal [gview file=”http://www.globalcma.in/wp-content/uploads/CGST-1.7.17-notfctn-15-central-tax-english.pdf” save=”2″]
Providing games and movies content to Telecom Co. wasn’t taxable under business auxiliary service Service tax : Where assessee entered into an agreement with telecom companies on principal to principal basis in terms of which assessee developed and provided …
Procedure for refund of ITC when export is made without payment of IGST Below procedure has been prescribed in CGST rule vide Notification no. 15/Central Tax dt 1.7.17 for refund of accumulated ITC when export is made without payment …
GST Excel Utility fie of GSTR-1 released by GSTN The GSTN has released offline Excel utility file for GSTR-1. This Excel template together with an offline tool will make uploading large numbers of invoice data much easier and quick; …