One such relief provided in the Indian Taxation system, GST is Zero-Rated Supplies. When is a Zero Rated Supply applicable In India, GST is not applicable to any exports, which makes all the exports in India, Zero Rated Supplies. As per Section 16 of the IGST Act, zero-rated supply is...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook taxable supply any supply of goods or services by a person registered forVALUE ADDED TAXwhich is not an exempt supply. Collins Dictionary of Law © W.J. Stewart, 2006 ...
Further, as per Para 2 of Schedule I of CGST Act, even if consideration is not involved, supply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business is taxable under GST, if ...
Under Section 103(2) as the declaration of the void under Section 104(1) of theGST, Act AAR specifiesthat the ruling is directed to the provisions.
There is also a special feature for small business owners: these are generally exempt from VAT under Section 19 of the UStG and they are not required to submit a preliminary VAT return. However, this situation changes with intracommunity supplies. Once small business owners are involved in these...
Authority for Advance Ruling (AAR) held that the petitioner supplies a combination of supply that consists of fabrication of steel and paint to the erected steel structures and these are subjected to be taxable at the rate of 12% in terms of the provisions under section 8(b) of the GST ...
(or any person or persons to whom this Option is transferred pursuant to a permitted transfer under Section II(3)) shall have a period of three (3) months (commencing with the date of such cessation of Service) during which to exercise this Option, but in no event shall this Option be...
, section 1555. The regulations covered the operation of bonded warehouses is found at 19 CFR 19. Upon entry of goods into the warehouse, the warehouse proprietor incurs a liability for the merchandise under a warehouse bond. This liability is generally cancelled when the merchandise is: ...
In our DIY section you'll find difficulty ratings, time estimates, material lists and step-by-step instructions for completing popular LED lighting projects. Browse Projects Project #1 12V LED strip lights used to highlight built-in cabinets. ...
the appointed day Liable to Tax under GST even if Invoice has been received or payment has been made before the appointed day. If the Tax on such import has been paid in full under existing law, no GST. If tax has been paid in part, balance amount of Tax will be paid under GST ...