Every electronic commerce operator is required to collect tax at source under section 52 shall furnish a statement in FORM GSTR-8 electronically on the common portal, either directly or from…

The amount collected by the operator is to be paid to the appropriate government within 10 days after the end of the month in which the said amount was so…

Tax is not liable to be collected at source on any supplies on which the recipient is required to pay tax on reverse charge basis. Hence, tax is not liable…

Registration for TCS would be required in each State/ UT as the obligation for collecting TCS would be there for every intra-State or inter-State supply. In order to facilitate the…

(1) The person exercising the option to pay tax under section 10 shall comply with the following conditions, namely:-  (a) he is neither a casual taxable person nor a non-resident…

The exemption to religious organizations is not available. Conduct of any religious ceremony is exempt under Entry No. 13 of Notification No. 12/2017-Central Tax (Rate), dated 28th June, 2017 [Clause…

As per the meaning of supply one of the ingredients is to establish that a particular transaction is in the course or furtherance of business. The sale of books, articles,…

The inclusions specified in Section 15(2) which could be added to transaction value are as follows: (a) Any taxes, duties, cesses, fees and charges levied under any statute, other than…

As a general principle, import of services without consideration will not be considered as supply under GST in terms of Section 7. However, import of services by a taxable person…

Zero rated supply means export of goods and/or services or supply of goods and/or services to a S.E.Z developer or a S.E.Z Unit.

Inter-State self-supplies such as stock transfers, branch transfers or consignment sales shall be taxable under IGST even though such transactions may not involve payment of consideration. Every supplier is liable…

In order to constitute a ‘supply’, the following elements are required to be satisfied, i.e.- the activity involves supply of goods or services or both;the supply is for a consideration…

A ‘taxable supply’ means a supply of goods or services or both which is chargeable to goods and services tax under the GST Act.

Yes. In terms of Section 25(9) of the CGST/SGST Act, all notified UN bodies, Consulates or Embassies of foreign countries and any other class of persons so notified would be…

No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable…

As per Section 22 of the CGST/SGST Act 2017, every supplier (including his agent) who makes a taxable supply i.e. supply of goods and / or services which are leviable…

Securities have been specifically excluded from the definition of goods as well as services. Thus, transaction in securities shall not be liable to GST. However, activities which result in arranging…

Grants/donations received by NPO shall not be covered as supply as these are without consideration and also not in the course or furtherance of business and therefore grant/donations received are…

As per section 2(6) of the CGST/SGST Act “aggregate turnover” includes the aggregate value of: all taxable supplies, all exempt supplies, exports of goods and/or service, and, all inter-State supplies…

where an exempt supply of goods or services or both by a registered person becomes a taxable supply, such person shall be entitled to take credit of input tax in…

where an exempt supply of goods or services or both by a registered person becomes a taxable supply, such person shall be entitled to take credit of input tax in…

Where any registered person ceases to pay tax under section 10, he shall be entitled to take credit of input tax in respect of inputs held in stock, inputs contained…

Where any registered person ceases to pay tax under section 10, he shall be entitled to take credit of input tax in respect of inputs held in stock, inputs contained…

Check points for the Chartered Accountant A person, though not liable to be registered under section 22 or section 24 may get himself registered voluntarily, and all provisions of this…

A person, though not liable to be registered under section 22 or section 24 may get himself registered voluntarily, and all provisions of this Act, shall be entitled to take…

Section 18(1)(a) of the GST, A person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration and has…

Section 18(1)(a) of the GST, A person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration and has…

Where any registered person ceases to pay tax under section 10, he shall be entitled to take credit of input tax in respect of inputs held in stock, inputs contained…

where an exempt supply of goods or services or both by a registered person becomes a taxable supply, such person shall be entitled to take credit of input tax in…

A person, though not liable to be registered under section 22 or section 24 may get himself registered voluntarily, and all provisions of this Act, shall be entitled to take…

 Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act, –– (i) persons making any inter-State taxable…

A person who has applied for registration under this Act within thirty days from the date on which he becomes liable to registration and has been granted such registration shall…