GST Guide

Deemed Exports And Zero-Rated Supply

Deemed Exports And Zero-Rated Supply

Exports are incredibly important to modern economies because they offer businesses many more markets for their goods. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties. Therefore, the government has taken various steps from time to …

Deemed Exports And Zero-Rated Supply Read More »

Levy Of Cess Under GST

Levy Of Cess Under GST

GST known to be One Tax – One Nation is a combination of Integrated GST, Central GST, State GST, and Cess. GST has replaced a number of indirect taxes and levies under Union and state legislation. Before the introduction of GST, there were various types of Cess applicable like Krishi Kalyan Cess, Swachh Bharat Cess, …

Levy Of Cess Under GST Read More »

Concept Of Demands & Recovery Under GST

Concept Of Demands & Recovery Under GST

GST is levied on any taxable outward supplies by a person. The complete responsibility of calculation, chargeability, and payment of tax has been assigned to the person making outward supplies. It is a self-assessment tax without any interference from the department. However, it may happen that a person has short paid or not paid taxes …

Concept Of Demands & Recovery Under GST Read More »

GST Interests And Penalties

GST Interests And Penalties

For any law to be effective, it is important that persons should comply with the legal requirements specified in the law. A fear of interests and penalties instills timely compliances and adherence to the legal requirements mentioned in the law. Here we will try to decipher the provisions laid down for interests and penalties under …

GST Interests And Penalties Read More »

TDS And TCS Under GST

TDS and TCS Under GST

The concept of TDS and TCS is familiar under Direct Tax Laws. TDS is a mechanism for advanced collection of tax while TCS is levied and collected on the sale value of certain commodities when referred to the Income Tax Act. However, the concept of TDS & TCS under Indirect Tax Mechanism (GST) is not …

TDS And TCS Under GST Read More »

Guide On Appeal And Revision Under GST

Guide on Appeal and Revision Under GST

Appeals under any law is an application to a higher court for a reversal of the decision of a lower court or department.Overview of appeals and revisions can be better understood with the below diagrammatic presentation- List Of Topics Covered: Appeal Overview Adjudicating Authority Appeal To Appellate Authority Revision Of Order By Revisional Authority Appeal …

Guide On Appeal And Revision Under GST Read More »

Types Of Refunds & Processes For Claiming Refunds Under GST (Part 2)

Claiming Refunds Under GST 2

Inverted Duty Structure Deemed Export Penultimate Supply Provisional Refund Cases In Which Refund Claim Can Be Withheld Claim For Unutilized Input Tax Credit Refund In Certain Special Cases Documents Required For Fling Refund Claim Refund Order Procedure Interest On Belated Refund Refund Of IGST Paid On Supply Of Goods To International Tourist Leaving India CBIC …

Types Of Refunds & Processes For Claiming Refunds Under GST (Part 2) Read More »