Comparative review :
GST-Goods and Service Tax - 226. page
Goods and Services Tax Act – GST Law
Supply of Capital goods on which ITC already taken
Supply of Capital goods on which ITC already taken : Please note that there is no saving clause in the event the taxable person entertained a bona fide view as […]
Refractory bricks, moulds and dies, jigs and fixtures are supplied as scrap
Refractory bricks, moulds and dies, jigs and fixtures are supplied as scrap: Taxable person may pay tax on transaction value under section 15.
Where input tax credit becomes payable
Where input tax credit becomes payable
Where no payment is required
Where no payment is required
Input tax credit and change in constitution of registered person:
Input tax credit and change in constitution of registered person: The change in constitution of registered person due to sale, merger, demerger, amalgamation, lease or transfer or change in the […]
Supply of capital goods on which input tax credit is taken:
Supply of capital goods on which input tax credit is taken: The registered person shall pay an amount equal to the higher of: o Input tax credit taken on such […]
Where input tax credit lapses
Where input tax credit lapses l
Introduction
Introduction Input tax credit is normally available to a registered person who engages in taxable outward supplies and such person not being a composition person. However, in certain cases, credit […]
Analysis
Analysis Eligibility of input tax credit on inputs held in stock and contained in semi-finished and finished goods held in stock: The credit on inputs held in stock and inputs contained […]