Admissibility of ITC on services related to motor vehicles Section 17(5) of the CGST Act, 2017 prescribes the list of blocked credits and this lists allows the ITC on few goods and services on conditional basis.
Tag Archives: GST
Goods and Services Tax i.e.GST is just the replacement of Indirect taxes like Sales tax,Service tax and Excise duty.which indirectly effect the customers
GST E-Way Bill – Recent Changes GST E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN. E-Way Bill is mandatory for the ‘movement’ of goods of more than Rs 50,000 from 1st Feb 2018.
GST levied on free samples Is GST levied on free samples? Question about the GST levied on free samples,I faced many times from my clients and colleagues because there is no special provision on this, but if you read section 7, schedule I & section 17(5) together then this confusion will crystal clear. Now let […]
Relevance of relevant date in case of export The time limit for filing the refund claim is to be checked from the “relevant date”. This term is defined in Explanation 2 to section 54. This update is about the interpretation of term “relevant date” & its significance in determining the time limit for filing the […]
GST on supplies made to Merchant Exporter – Recent changes and it Impact “Merchant Exporter” means a person engaged in the trading activity and exporting or intending to export goods. Merchant exporters are instrumental to boost exports which contribute to the growth of Indian economy.