All posts by Raunak Jain - 3. page

Professional Tax Consultant and Article Writer

Miscellaneous Provisions in Model IGST Law: 1. Applications of certain provisions of CGST Act:  There are certain machinery provisions like registration, return, assessment, adjudication, recovery, audit etc. which are not […]

Apportionment of tax to Centre and State in certain cases [ Sec 10 ]: In case of B2B transaction where the recipient of supplies takes ITC of IGST paid on […]

BasicFeaturesof IGST assessment, compliance and settlement : • The system of self-assessment of tax liability and availability of input tax credit (ITC), if the buyer has received goods and services […]

Thecharge of tax, manner of payment, settlement and apportionment : The inter-State seller will pay IGST on value addition after adjusting available credit of IGST, CGST, and SGST, in that […]

 Miscellaneous Provisions in Model GST Law: 1. Compliance Rating : The new concept of “Compliance Rating” would be introduced in GST Act. Section 116 of Model GST Law provides that […]

The Scope Of  IGST Act : The IGST Act envisages that Centre would levy IGST on all inter-State transactions of taxable goods and services with appropriate provision for consignment or […]

Introduction of  IGST Act : One of the distinctive features of Goods and Services Tax is that it is levied on the value addition on each stage of supply chain. […]

Transitional Provisions : The purpose of incorporating Transitional Provisions in any Act is to clarify as to when and how the operative parts of the enactments are to take effect. […]

THE TRANSITIONAL PROVISIONS in the model GST law –––  1. Appointment of GST officers / Competent Authorities [Section 141]:  All Central/State Government officials of Central/State laws (being subsumed in GST) […]

COMPOUNDING OF OFFENCES: Section 320 of the Code of Criminal Procedure defines “compounding” as to forbear from prosecution for consideration or any private motive. Aiyar’s Law Lexicon defines it variously […]