Daily Archives: August 7, 2017

Issues in Definition of Aggregate Turnover under GST

By | August 7, 2017

Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India Definition of term Aggregate Turnover Section 2(6) of CGST Act provides that “aggregate turnover” means the aggregate value of all taxable supplies, exempt supplies, exports of goods or services or both and inter-State supplies of a person having the same PAN, to… Read More »

Category: GST

GST ITC not allowed hiring taxi on rent

By | August 7, 2017

Does hiring a taxi for a particular journey is covered under rent a cab service and thus ITC on hiring taxi is Disallowed? Credit for Rent-a-cab service is disallowed under Section 17(b)(iii) of the CGST Act 2017 Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules… Read More »

Category: GST