Bharat Bhushan

14
Sep

DECODING: SVLDRS [OVERVIEW- PART I]

https://youtu.be/u_-Y5OyVFOg
23
Apr

DECODING IMPACT OF NEW GST PROVISIONS ON REAL ESTATE SECTOR

On the recommendation of GST Council, the government, exercising its power under Section 148 of the Central Goods And Service Tax Act, 2017, changed the entire taxation system of GST for Real Estate Developers.  An attempt is made to understand and explain the newly inserted provisions which can be read by clicking the given link DECODING IMPACT OF NEW GST PROVISIONS

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27
Dec

IGST On Ocean Freight

The Authority for Advance Rulings for Uttarakhand after considering Notification No. 08/2017- IGST (Ratee) and Notification No. 10/2017-Integrated Tax (Rate) ruled that even if the importer has paid IGST on CIF Value of Imported goods, he is still required to pay IGST on Ocean Freight. In Notification No. 08/2017 applicable IGST rate on services have been Notified and at Sr.

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22
Jun

PLACE OF SUPPLY OF SERVICES IN CASE OF SEZ – by Adv. Nidhi Gupta

One of the Cardinal Principles of Trade is that you do not Export Taxes.   Therefore, all the Economies generally levy no Tax on Export of Goods and Services and rather extend some incentive to compensate for the taxes  suffered by inputs and input services.  Special Economic Zones are considered as Territories beyond Customs Frontiers and therefore supplies to  units located

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23
Jan

RATE OF GST LEVIABLE ON TYRES AND TUBES MEANT FOR E-RICKSHAW – by Adv. Nidhi Gupta

RATE OF GST LEVIABLE ON TYRES AND TUBES MEANT FOR E-RICKSHAW - by Adv. Nidhi Gupta Goods and Service Tax is a tax levied on the supply of goods and services. Once the liability of payment of goods and service tax is established, the next question arises that what is the amount of duty payable. The two step process is
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29
Sep

APPLICABILITY OF GST ON PACKAGED GROCERY ITEMS – by NIDHI GUPTA, Advocate

APPLICABILITY OF GST ON PACKAGED GROCERY ITEMS With the introduction of GST, a tax of 5% was imposed on majority of Grocery Products like Wheat Flour, Gram Flour, Rice and Pulses etc., when sold in packaged form under a registered brand name.  Therefore, a number of persons owning well established brands surrendered registration in respect of such brand names. But,

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31
Jul

Used Cars and GST by Bharat Bhushan (Advocate)

Sale of Used Cars – GST Implication. One thing about GST is certain and that is confusion. One of such confusions is about GST implications on sale of Old and used Cars. Business houses purchase Motor Cars for use of its staff on payment of GST at appropriate rate. Input Tax Credit of GST paid on Motor Cars is not

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13
Jul

GST – Do You Know ??? LIABILITY FOR GST REGISTRATION & GST PAYMENTS – By Amit Aggarwal – C.A.

GST – Do You Know ??? LIABILITY FOR GST REGISTRATION&GST PAYMENTS : 1. As per Sec 22 of the CGSTAct 2017 (“the Act”), every supplier (including his agent) who makes a taxable supply i.e. supply of goods and / or services which are leviable to tax under GST law, and his Aggregate turnover in a financial year exceeds the threshold

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3
Jul

GST bulletin

1.In case of Supply of lottery tickets by the state Govt, Union Territory and any local authority to the lottery distributor or selling agent, the GST shall be paid on reverse charge basis by the lottery distributor or selling agent. The tax liability on the lottery tickets shall be 100/112 of face value or price notified by the state govt

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3
Jul

Export procedure and sealing of containerized cargo in the GST Law – Hunny Munjal

  The Purpose of this article is clarify the export procedure defined in the Customs Circular No. 26/2017 Dated 01th.July.2017 in the Current GST Regime. Export/Import procedureis a major concern for the exporters & importers. The supplies of the goods and service for the exports has been categorized as “Zero Rated Supply” in the GST Law. The supplies can be

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