Twitter account of Service Tax, Delhi – I
Twitter account of Service Tax, Delhi – I Email ID Irs.purnaks@gov.in
Twitter account of Service Tax, Delhi – I Email ID Irs.purnaks@gov.in
GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Kannada released by CBEC on 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017 GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ… Read More »
Reversal of credit due to non-payment of consideration Rule 2 of draft GST ITC Rules provides that a registered person, who has availed of input tax credit on any inward supply of goods or services or both, but fails to pay to the supplier thereof the value of such supply along with the tax payable… Read More »
Documentary evidence for claiming credit by registered person Rule 1(2) of draft GST ITC Rules provides that Input tax credit shall be availed by a registered person only if all the applicable particulars as prescribed in Chapter —- (Invoice Rules) are contained in the said document, and the relevant information, as contained in the said… Read More »
Documentary requirements and conditions for claiming input tax credit Rule 1 of draft GST ITC Rules requires that input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of the following documents, namely: – a) an invoice issued by the supplier of goods or services… Read More »
Interest on wrong claim of transition credit Rule 4 of draft GST Transitional Provision Rules provides that amount credited under sub-rule (3) of rule 1 may be verified and proceedings under Section 73 or, as the case may be Section 74 shall be initiated in respect of any credit wrongly availed, whether wholly or partly. Thus… Read More »
Declaration of Stock held by Principal Rule 2 of draft GST Transitional Provision Rules provides that every person to whom the provisions of Section 141. apply shall, within 60 days of the appointed day, submit an application electronically in FORM GST TRAN-1, specifying therein, the stock or, as the case may be, capital goods held… Read More »
Credit to be allowed when document evidencing payment is not in the possession As per Rule 1(3)(a) of draft GST Transitional Provision Rules a registered person, who was not registered under the existing law, availing credit in accordance with the proviso to sub-section (3) of Section 140 shall be allowed to avail input tax credit… Read More »
Time Limit to carry forward credit under any existing law or on goods held in stock on the appointed day Rule 1 of draft GST Transitional Provision Rules provides that every registered person entitled to take credit of input tax under Section 140 shall, within 60 days of the appointed day, submit an application electronically… Read More »
Application in respect of tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day Rule 1 of draft GST Transitional Provision Rules requires voluminous details like the amount of tax or duty availed or utilized by way of input tax credit under each of the… Read More »