For following scenarios and circumstances specific provisions have been given When the person is liable for registration for first time? In this situation, if the person applies for registration within thirty days then input tax credit can be in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in

Who is Eligible to Take Input Tax Credit? Every registered dealer subject to conditions and restrictions as prescribed in the act is entitled to take credit on any supply of goods or services to him which are used in the course or furtherance of his business and the said amount will be credited to electronic

IGST is applicable on following types of transaction: When there is supply of goods or services in the course of inter-state trade or commerce and the location of the supplier and the place of supply are in different states. Supply of goods in the course of import into the territory of India till they cross

The condition to opt for composition we will be only available if the aggregate turnover in the preceding financial year did not exceed INR 50 lakhs. Following categories of taxable person will be not allowed to opt for compositionWho is engaged in the supply of services? Who makes any supply of goods which are not

There could be a situation when a return filed by registered taxable person with regard to the Service Tax or Excise Duty or VAT undergoes revision. In such a scenario, the question arises how to treat additional tax or refund of taxes? The above situation is addressed by section 185 of Model GST Law Treatment

There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount of Service Tax or Excise Duty or VAT Output Liability. In such a scenario, the question arises how such dispute, appeal or review will be settled under GST? The above situation is addressed

There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount Cenvat credit or Input Tax credit. In such a scenario, the question arises how such dispute, appeal or review will be settled under GST? The above situation is addressed by section 182 of

There could be a situation where refund has to be claimed for amount of cenvat credit or input tax credit paid before GST once becomes effective. This situation is addressed by section 179 of GST Law Refund of Cenvat Credit, Taxes or Interest Paid under CGST In such a scenario, every claim for refund filed

There could be a situation where price of goods or services are revised after GST is implemented.  In this situation, question arises what will be treatment of such goods or services? The above situation is addressed by section 178 of Model GST Law Upwards Revision in Price of Goods and Services under CGST and SGST