ITC Claim When Consideration is Paid through Book Adjustment

The GST Act and rules made there under does not restrict the recipient from claiming the ITC when consideration is paid through book adjustment.

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Delay in GST returns filling Interest is payable on gross liability

Hyderabad, Apr 23 In a move that would have a significant impact on businesses that use tax credits available on inputs and raw materials to reduce payment in cash.

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Movie Producers to Pay IGST on Reverse Charge Basis West Bengal AAR

WEST BENGAL AUTHORITY FOR ADVANCE RULING in case of “Udayan Cinema Pvt Ltd” held that The producer of a feature film is liable to pay IGST on reverse charge basis

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Top 11 Advance GST Rulings of February 2019

Advance Ruling under GST refers to a decision provided by the authority or the appellate authority to an applicant on matters or on questions specified in sub-section (2) of section 97 or sub-section (1) of section 100 in relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the applicant.

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Top 10 GST Advance Tax Rulings of 2018

GST Applicable on the activities performed by employees at corporate office in the course of or in relation to employment such as accounting, other administrative and IT system maintenance for the units located in the other states

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