AGRICULTURE UNDER GST – WHETHER TAXABLE The revised model GST law on GST (version-II) defines agriculture and agriculturist. The agriculture under GST is out of scope of GST and agriculturist is not a taxable person.
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
SUPPLY BY BANKS UNDER GST GST will be levied on supplies and not on sale or service. For the purpose of GST, supply shall include: all forms of supply of goods and/or services prepared or confirmed to be prepared for a consideration by a person in the course or furtherance of business, Importation of service […]
Cenvat credit on inoivces issued by Third Stage Dealer Cenvat credit admissibility is based purely on the invoices issued in this regard. The invoice can be issued by the manufacturer or by the dealers registered as dealers under Central excise. The chain of dealers permitted to pass on duty credit is upto second stage dealer […]
Furnishing details of inward supplies under GST Section 33: Furnishing details of inward supplies The proviso in the revised draft reads as follows: (1) Every registered taxable person, other than an input service distributor or a nonresident taxable person or a person paying tax under section 9, section 46 or section 56, shall verify, validate, […]
SERVICE OF NOTICE UNDER MODEL GST ACT In the course of time the GST Authorities may take various decisions, issued orders, issued summons, notice or other communications to the assessee or other required persons. The service of communication of any sort is to fulfill the requirements of principles of Natural Justice. Serving the same is […]