IGST IS NOT APPLICABLE ON OCEAN FREIGHT UNDER RCM
GST is payable by a registered person supplying the goods or services or both. However, there is a provision under…
Month: January 2020
IGST paid wrongly under CGST will be refunded but the taxpayer has to pay tax under correct head
The Hon’ble High Court of Jharkhand has ruled on 18.12.2019 in the case of SHREE NANAK FERRO ALLOYS PVT. LTD…
Difference between advance money and deposit amount
There is a difference between advance money and deposit amount. The advance is received toward goods or services to be…
Input Tax Credit (ITC) cannot be denied due to technical glitches
The Goods and Service Tax has come into effect from 01.07.2017. It has subsumed large number of Central and State…
Refund cannot be denied merely based on the Circular
The Hon’ble Madras High Court in the case of M/S. PRECOT MERIDIAN LIMITED VERSUS THE COMMISSIONER OF CUSTOMS, THE ASSISTANT…
Refund of tax under GST
Section 54 of CGST Act, 2017 provides for refund of tax. Time-period to claim refund: Any person claiming refund of…
GST: Valuation in case of supply to a distinct person
The appellant M/s. Specsmakers Opticians Pvt Ltd a registered taxpayer under Tamil Nadu Goods & Services Tax Act 2017 /…
Availability of Input Tax Credit (ITC) in special circumstances
Section 18 of the CGST Act, 2017 provides for the availability of Input Tax Credit (ITC) in special circumstances. A…