Category: Indirect Tax

From Swiggy to Foodpanda, online food delivery service firms face GST heat Food delivery services are taxed at 18% which the restaurants have to pay

As per Rule 89(2), The application under sub-rule (1) of rule 89 of CGST Rules, 2017, shall be accompanied by any of the following documentary evidences in Annexure 1 in Form GST RFD-01, as applicable, to establish that a refund is due to the applicant, namely:- a) the reference number of the order and a copy of the order passed by … Continue reading “Documents required while applying for Refund Form (RFD-01A):”

Simplifying GST Registration Procedure Indirect taxation has seen its biggest reform with the introduction of Goods and Service Tax Act. India is heading towards digitization and introduction of Goods and Service Tax is the biggest example of the same. Various procedure like registration, return filing, preparation of payment challan, refund etc. has been made online under … Continue reading “Gst registration procedure:”

A. Meaning of ‘Legal Services’: Definition: ‘Legal Services’ means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority– Notification no. 12- Central Tax(CT) (Rate) dated 28.06.2017. Analysis: 1. Legal Services can be any service which an advocate1 (including a senior advocate2)/firm of advocates provide … Continue reading “GST On Legal Services:”

Inward supply of second-hand goods When a registered second-hand goods dealer buys used goods, the supply can be either from a registered person or unregistered person. Let us look at the tax implication in both these cases: Inward supply from registered person When a registered second-hand goods dealer purchases used goods from a registered person, … Continue reading “Inward supply of second-hand goods :”

Outward supply of second-hand goods When a registered second-hand goods dealer supplies second-hand goods, the dealer is liable to charge GST on the second-hand goods. For this, 2 options have been given to the dealers: Charge GST on the full transaction value. Here, the dealer is eligible to claim input tax credit of the tax paid on … Continue reading “GST On Second Hand Goods:”

Section SCHEDULE III-ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES of CGST ACT, 2017 1. Services by an employee to the employer in the course of or in relation to his employment. 2. Services by any court or Tribunal established under any law for the … Continue reading “Section SCHEDULE III-ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES of CGST ACT, 2017”

Section SCHEDULE II-ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES of CGST ACT, 2017 1. Transfer (a) any transfer of the title in goods is a supply of goods; (b) any transfer of right in goods or of undivided share in goods without the transfer of title thereof, is a supply … Continue reading “Section SCHEDULE II-ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES of CGST ACT, 2017”

Section SCHEDULE I – ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION of CGST ACT, 20171. Permanent transfer or disposal of business assets where input tax credit has been availed on such assets. 2. Supply of goods or services or both between related persons or between distinct persons as specified in section … Continue reading “Section SCHEDULE I – ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION of CGST ACT, 2017”