Sunday, December 16, 2018
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Whether replacement of parts during warranty period constitute supply under GST?

2018 TaxPub(GST) 0686 (AAR-Ker) IN THE AUTHORITY FOR ADVANCE RULINGS, KERALA B.G. KRISHNAN & B.S. THYAGARAJABABU, MEMBER Saraswathi Metal Works,  Advance Ruling No. KER/25/2018 20 October, 2018 Referred: Sri Dharsak, V.P....
Letter of undertaking to claim ITC under GST

Letter of undertaking to claim ITC under GST

(To be submitted on SUPPLIER letter head with seal and signature) INDEMNITY BOND CUM UNDERTAKING   Recipient Name: M/s Address: GSTIN No.     Sub : Payment of GST Amount and...
Preparation for the GST Audit

Preparation for the GST Audit

Preparation for the GST Audit  Even though Government extended due date for filling GST Annual Return, but still some basic points that needs to be...
Permanent transfer or sale of business assets on which input tax credit has been availed will also be treated as supply even if there is no consideration received. GST is applicable to the sale of business assets only. It does not apply to the sale of personal land/building and other personal assets. “Permanent transfer” means transfer without any intention of receiving the goods back. Goods sent on job work or goods sent for testing/certification will not qualify as supply as there is no permanent transfer. Donation of business assets or scrapping or disposal in any other manner (other than as a sale – i.e., for a consideration) would also qualify as ‘supply’, where input tax credit has been claimed.

Transactions Treated as Supply under GST Even If Made Without Consideration

Transactions Treated as Supply under GST Even If Made Without Consideration This article deals with transactions between related persons and other such activities that is treated as ‘Supply’...
TIME, PLACE AND VALUE OF SUPPLY

TIME, PLACE AND VALUE OF SUPPLY

TIME, PLACE AND VALUE OF SUPPLY Under GST, 3 types of taxes can be charged in the invoice. SGST and CGST in case of an intra-state transaction...