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GST Simplified

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Practical problems and solutions on GST

CHARGEBILITY OF GST IN CASE OF PROVISION OF INTERIOR DECORATION SERVICES WITH RESPECT TO AN IMMOVABLE PROPERTY

October 6, 2017

Our valuable client is an interior decorator having registered office in Kolkata. He has been assigned with the interior work of a company located in Bihar. He has raised the following questions:

  1. Will he charge IGST or SGST/CGST?
  2. Will he have to take separate registration in Bihar?

Our …

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CLARIFICATION ON ISSUES RELATING TO FURNISHING OF BOND/LETTER OF UNDERTAKING FOR EXPORTS

October 6, 2017

In a move to simplify the procedure of exports for small exporters, Ministry of Finance, Central Board of Excise and Customs, GST Policy Wing has issued a circular dated 4th October, 2017 vide Circular No. 8/8/2017-GST, clarifying issues relating to Bond/LUT in case of export of goods and services w…

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IMPACT OF GST IN CASE OF HIGH SEAS SALE TRANSACTIONS

September 30, 2017

Definition:

Transactions taking place before filing of bill of entry are termed as “high sea sale” transactions under common trade practice where the original importer sells the goods to a third person before the goods are entered for customs clearance.

The above definition implies that “h…

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TRANSITIONAL PROVISION UNDER GST – SEC 140(5)

September 24, 2017

Credit of eligible duties and taxes in respect of inputs or input services during transit

THE LAW:

140(5) - Credit of eligible duties and taxes in respect of inputs or input services during transit

A registered person shall be entitled to take, in his electronic credit ledger, credit of e…

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TRANSITIONAL PROVISION UNDER GST – SEC 140(4)

September 23, 2017

Credit of eligible duties and taxes in respect of inputs held in stock allowed incertain situations

THE LAW:

140(4) - Credit of eligible duties and taxes in respect of inputs held in stock allowed in certain situations.

A registered person, who was engaged in the manufacture of taxable as w…

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TRANSITIONAL PROVISION UNDER GST – SEC 140(3)

September 23, 2017

Credit of eligible duties in respect of inputs held in stock allowed in certain Situations

THE LAW:

140(3) - Credit of eligible duties in respect of inputs held in stock allowed in certain situations.

A registered person, who was not liable to be registered under the existing law, or who w…

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LABOUR SUPPLY UNDER GST

September 22, 2017

There can be two instances for supply of labour under GST

  1. Supply of both material and labour - The supplier is engaged in supply of labour ( hired labour from outside) alongwith supply of own materials such as cement, steel, sand and other materials, then such service would be classified as a …

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Scientific Consultancy Services to a Central Govt. company

September 17, 2017

Scientific Consultancy Services to a Central Govt. company

 

Our valuable client had raised the following query on scientific consultancy services provided to a Central Govt. company.

Question - I am doing scientific consultancy in Delhi, my registration is in Kolkata but I am working for …

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TRANSITIONAL PROVISION UNDER GST – SEC 140(2)

September 15, 2017

Credit of unavailed CENVAT credit in respect of capital goods

THE LAW:

140(2)- Credit of unavailed CENVAT credit in respect of capital goods, not carried forward in a return, shall be allowed.

Section 140(2) states, a registered person, other than a person opting to pay tax under section 1…

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TRANSITIONAL PROVISION UNDER GST – SEC 140(1)

September 15, 2017

Carry forward of tax credit claimed in the tax returns

THE LAW:

140(1)-Amount of CENVAT credit carried forward in the return allowed as input tax credit.

Section 140(1) states, a registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his ele…

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