For that you have to go through these provisions of Chapter VI of GST Act. Registration and GST tax liability: As per Section 22 (Persons Liable for Registration) of CGST Act read with Section 20 of IGST Act 2017, a blogger is not required to register under GST Act as because he is ...
A GST number is also important to avoid penalties for non-compliance with the GST Act. If a person is liable to register under GST but fails to do so, he or she may face a penalty of 10% of the tax due or Rs. 10,000, whichever is higher. Similarly, if a person collects GST fr...
Definition:GST /Taxes Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Use ofGST /Taxesin a Clause GST /Taxes6.1. In addition to the Lease Rent and all other amounts payable under this Deed, the Lessee shall be liable to...
What is registration under GST act? Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input tax credit for the taxes on his inward supplies. The ...
The Hon'ble Supreme Court in the case of Union of India & Anr. v. BT (India) Private Limited [Diary No.44385-2024 XIV dated December 09, 2024] dismissed the Special Leave Petition ("SLP") filed by the Revenue Department ("the Petitioner") after a del ...
In the Indian Constitution, the definition of ‘States’ included union territories with their own legislature. Hence the SGST Act also applied to the 2 union territories of Delhi and Puducherry – since they have their own legislature, with elected members and Chief Minister. For the rest of ...
Define CPI (EX-GST). means the Consumer Price Index: All Groups, index number weighted average of eight capital cities exclusive of the impact of the Goods & Services Tax (GST) as
The Fifth Schedule to the Finance Act, 2021 has incorporated the changes necessary to align Customs Tariff to revised HSN 2022, with effect from 01.01.2022. Provisional ITC: As per GST notification 39/2021, taxpayers can claim ITC only if the same invoice/debit note is reflected in GSTR 2A...
The Patna High Court dismissed a writ petition by stating it was an over-enthusiastic exercise of an advocate petitioner, challenging the legality of the central goods and services tax (GST) council. Under the GST Act, the council suggested the Parliamen
A generation-skipping trust (GST) is a legally binding agreement in which assets are passed down to the grantor's grandchildren (skipping the children).