Input Service Distributor (ISD) : What is Input Service Distributor (ISD)? Ans. ISD means an office of the supplier of goods or services or both which receives tax invoices towards […]
GST-Goods and Service Tax - 56. page
Goods and Services Tax Act – GST Law
Tax implication of supply of capital goods by a registered person who had taken ITC on such capital goods
Tax implication of supply of capital goods by a registered person who had taken ITC on such capital goods : What is the tax implication of supply of capital […]
Restriction on period for availment of ITC
Restriction on period for availment of ITC : Is there any restriction on period for availment of ITC? Ans. In cases of new registration, change from composition to normal scheme, […]
The details of inward supplies furnished by the recipient do not match with the outward supply details furnished by the supplier in his valid return :
The details of inward supplies furnished by the recipient do not match with the outward supply details furnished by the supplier in his valid return : What happens where the […]
Input tax credit allowed only after matching
Input tax credit allowed only after matching: Is input tax credit allowed only after matching? Ans. No, input tax credit is allowed provisionally for two months. The supply details are […]
ITC be used for payment of all liabilities
ITC be used for payment of all liabilities : Can provisionally allowed ITC be used for payment of all liabilities? Ans. No, provisionally allowed ITC can be used only for […]
The tax impact when capital goods on which ITC has been taken are supplied by taxable person
The tax impact when capital goods on which ITC has been taken are supplied by taxable person : What will be the tax impact when capital goods on which […]
Person paying tax under compounding scheme crosses the compounding threshold and becomes a regular taxable person
Person paying tax under compounding scheme crosses the compounding threshold and becomes a regular taxable person he can avail ITC and if so from what date : A person paying […]
Special provisions in respect of banking companie
Special provisions in respect of banking companie : Are there any special provisions in respect of banking companies ? Ans. A banking company or a financial institution including a non-banking […]
Eligible for ITC
Eligible for ITC : Mr. A, a registered person was paying tax under composition scheme up to 30th July, 2017. However, w.e.f 31st July, 2017, Mr. A becomes liable to […]