Section 16 of the CGST Act lays down the conditions to be fulfilled by GST registered buyers to claim ITC. One of such conditions is that the buyer should make payment to the vendor within 180 days. However, can ITC be denied if such credit is not reflected in GSTR 2A due to non payment …
GST ITC can not be denied only due to mismatch with GSTR 2A! Read More »
In the automobile industry, it is very common to have demo cars which are used for demonstration and test drive purpose. Can ITC be taken on such demo cars? Case Details : GST ITC on Demo vehicle can’t be claimed if not sold further! Case Related To : SAI SERVICE PVT. LIMITED Declared By : …
GST ITC on Demo vehicle can’t be claimed if not sold further! Read More »
Service of generation and distribution of electricity is exempt under GST. However, will GST be levied supply of electricity for charging electric vehicles through Public charging stations? Case Details : GST on service of charging electric vehicles through Public Charging Stations! Case Related To : CHAMUNDESWARI ELECRICITY SUPPLY CORPORATION LIMITED Declared By : Karnataka Advance …
GST on services offered by public charging stations for electric vehicles! Read More »
The buyer must pay towards the supply of goods and/or services within 180 days from the invoice date to claim Input tax credit under GST. However, whether netting off the receivables/ payables can be considered as payment to the vendor? What if netting off is done with different GSTIN of the same person? Case Details …
GST ITC- Netting off receivables with payables under different GSTINs! Read More »
“Duty Credit Scrips” are issued toexporters as an incentive. These can be used to pay various duties/taxes to the Central Govt. These scrips are exempted under GST. But, will it be included in definition of turnover or exempted supply for the purpose of reversal of ITC, calculating GST refund, etc.? Case Details : GST- Sale …
GST-‘Duty Credit Scrips’ excluded from definition of Turnover! Read More »
As per section 17(5)(c) of the CGST Act, 2017, Input tax credit on works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service is blocked. However, if such ITC relates to construction of hotel, will …
Section 50 of the CGST Act, 2017 deals with Interest on delayed payment of tax. Sub-section 3 of it says that a taxable person who makes an undue or excess claim of input tax credit or excess reduction in output tax liability , shall pay interest on such undue or excess claim or on such …
GST- Interest on ITC wrongly availed but not utilised Read More »
Rule 89 of CGST Rules, 2017 deals with application of refund of GST. Rule 89(4)(C) restricts the exporters from claiming refund of ITC in case such exporter is making export via LUT model as the rule restricts the refund claim of unutilized ITC on the export of goods under LUT to the lower of actual …
In case of group of companies having establishment all across the globe, it is very common that they have inter company transactions within group. If a company within group provides service to another company in the same group but situated in other country, will it be treated as export of service or Intermediary service under …
Many restaurants serve food items such as ice cream which are not cooked in the restaurant. Ice-cream can be directly sold or can be served as a desert by restaurant. Will it be considered as restaurant service for GST? Case Details : GST on Ice cream served in restaurant Case Related To : HRPL RESTAURANTS …
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