Tag: #gstarpithaldia

Part-2 Scope of Supply and Consideration in GST

This Video Presentation Discusses about Scope of Supply and What is Meant by Consideration in GST.. Our Effort is to share concepts of GST with an overall Understanding and Understanding the Scope of Supply without Discussing Definition about “Consideration”, “Goods”, “Services”, “Person” and “Business” would be Incomplete.. This video discusses the term “Consideration” and subsequent videos would discuss the other term and then rounding up ...

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Chapter-3-Concept of Origin and Destination Based Taxation

3.1          Concept of Origin and Destination Based Taxation:   In a study “Economic Effects of Origin and Destination Principle for Value-Added Taxes” by Jesus E. S. Oliveira for School Of Business And Public Management George Washington University, April 2001, the concept of Destination and Origin Based Taxation was aptly described as follows:   “Goods shipped from one state to another may or may not be ...

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Principle of Input Tax Credit availability between CGST, SGST and IGST

Input Tax Credit of the taxes paid under CGST against SGST and vice versa: The basic requirement of implementing CGST and SGST under Dual GST through different statues in the country was to maintain the revenue share of the State and Centre and to maintain their sovereignty along with minimum dependence on each other for revenue. Thus, in situation where such complex are the relations and ...

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Place of Supply of Service in relation to Immoveable Property

In coming updates, we would be discussing about specific rules for determination of place of supply of service and rationale behind having each specific place of supply of service rule.  Section 6(4) of the Draft GST Law provides about place of supply of service for services provided in relation to immovable property. But before discussing the entire provision of the sub-section for determination of place ...

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Who is Recipient of Service: Position under GST

This update deals with the provisions for determining who would be held as recipient of service i.e. person to whom services are rendered or person who makes payment for service. The determination of recipient of service is crucial from the aspect that first the recipient of service has to be determined and then only location of recipient could be determined. Position under present service tax ...

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General Overview of the Returns under Draft GST Law

Separate Due date for separate class of Tax Payers: The entire scheme of GST has been developed upon the concept that the dealers falling in one class should have common due dates and separate due dates have been prescribed under the law for separate classes of dealers. The separate class of dealers as have been classified under the Law are Normal Dealers under GST Compounding Dealers ...

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Why Place of Supply Rules for goods and services in GST

Now, until this update, we have discussed about destination and origin based taxation, differentiation between B2B Supply and B2C Supply, how Destination based taxation allows free flow of credit and how IGST Model in India allows Indian GST to be destination based taxation. It has also been discussed that how the revenue accrues to the importing state where the goods and/or services are consumed under ...

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