Transitional Provisions under GST Part4 –Treatment of Return of Goods After GST is Implemented
- March 11, 2017
- Posted by: SosAdmin)
- Category: GST
No CommentsThere could be a situation where exempt goods or duty paid goods are returned after GST is implemented. In this situation, question arises what will be treatment of such goods?, whether GST is payable or not? The above situation is addressed by section 173 and 174 of Model GST Law Return of Exempt Goods Under
Transitional Provisions under GST Law Part3-Input Credit Available for Exempt Services and Goods
- March 10, 2017
- Posted by: SosAdmin)
- Category: GST
Background: In India many states do not require VAT registration, if the turnover does not cross certain threshold. For example in Karnataka, there is no need to get VAT registration, if the turnover does not cross INR 10 Lakhs. In such a scenario question arises, whether input credit can be availed on goods lying in
Transitional Provisions under GST Law Part2-Treatment of Input Credit on Capital Goods
- March 9, 2017
- Posted by: SosAdmin)
- Category: GST
Under Model GST Law, specific provisions have been given to avail input credit on Capital Goods. In this video we are going to talk about the provisions of section 168 of Model GST Law. The provisions can be divided into two categories Input Credit Admissible for Capital Goods under CGST Law Input Credit Admissible for
TRANSITIONAL PROVISIONS RELATING INPUT CREDIT UNDER MODEL GST LAW-Part1
- March 8, 2017
- Posted by: SosAdmin)
- Category: GST
Under Model GST Law, specific provisions have been given to avail input credit. In this video we are going to talk about the provisions of section 167 of Model GST Law. The provisions can be divided into two categories Input Credit Admissible under CGST Law Input Credit Admissible under SGST Law Input Credit Admissible
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