Tax liability under gst
Web22 hours ago · Services, including the services of common employees of a person, provided by branch office to head office and vice versa, each having separate GST registration, will attract GST liability under respective Acts, viz IGST Act, 2024 or CGST Act, 2024 and SGST Act, 2024 or UTGST Act, 2024. Tags: AAR Rulings, Advance Ruling, goods and services tax … WebGoods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is …
Tax liability under gst
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Web1 day ago · 6. The Counsel for the petitioner further argues that in any event while proceeding to pass an order under Section 130 of the GST Act, no power is vested in the authority to undertake the determination of liability of tax, which can only be done by taking recourse to Section 73 or Section 74 of the Act, as the case may be. Web16 hours ago · The Income Tax Act of 1961 governs property tax as well as other indirect taxes like GST and stamp duty. In the income tax return, all sorts of properties are taxed …
WebApr 5, 2024 · Under best judgement assessment, an officer will assess the tax liability of a taxable individual to the best of his/her judgement. The procedure for this is: A. … WebWhat is Reverse Charge Mechanism? Typically, the supplier of goods or services pays the tax on supply. Under the reverse charge mechanism, the recipient of goods or services …
Web15 hours ago · CA Sri Harsha – [2024] 149 taxmann.com 208 (Article) In this article, we shall analyse an important aspect relating to the tax implications under the GST laws, on gifts made to related parties of flats in a residential or commercial complex, prior to obtaining completion certificate. We shall take a case study to analyse the tax implications. WebApr 13, 2024 · Section 12 talks about the time of supply of goods which is when the liability to pay tax arises on goods. The reference from the GST Law has been described below: (1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions of this section. (2) The time of supply of goods shall be …
Web1 day ago · Facts of the Case. The department issued a Show Cause Notice (SCN) calling upon the petitioner to show cause as to why its GST registration not be cancelled on account of failure to file returns for a continuous period of six months. The petitioner didn’t file reply due to ill health and the department cancelled the registration since the ...
WebApr 11, 2024 · The Orissa High Court directed the Assessing Officer to re compute tax liability and ruled that the supply of ballast and chips as “minerals” falls under Entry 117 … receiver power supplyWebSep 26, 2024 · According to section 50 (1) of the Central Goods and Services Tax (CGST) Act 2024, the taxpayer should pay interest on GST liability if the following instances: … university v burgundy whiteWeb16 hours ago · The Income Tax Act of 1961 governs property tax as well as other indirect taxes like GST and stamp duty. In the income tax return, all sorts of properties are taxed under the head "income from ... receiver power calculator