Definition of Agriculture under GST

As the GST law has been revised, it is pertinent to note down what all issues still remain un-tackled or untouched. Also certain provisions are there which are yet again drafted in such a way that they would attract litigation. Here we are discussing two such provisions: Starting with the … [Read more...]

Definition of business under GST

2(17) Business: the new definition reads as follows: “Business includes – (a) Any trade, commerce, manufacture, profession, vocation or any other similar activity, whether or not it is for a pecuniary benefit; (b) Any activity or transaction in connection with or incidental or ancillary to (a) … [Read more...]

Download HSN code for GST Registration

Registration of suppliers on the GST Network is one of the important tasks for the professionals nowadays. Along with all other basic information to be collected, scanning of documents and filling the application forms, many of us would get stuck while choosing the right HSN code for the top 5 … [Read more...]

Audit under GST

Chapter XVI – Audit The chapter states the provision relating to the audit to be undertaken by the GST authorities. It prescribes the rights and obligation of the GST authorities in the event of conducting an audit. Not much is proposed in the revised draft law. One change that has been proposed … [Read more...]

Transitional Provisions-Part-XII

Transitional provisions for availing Cenvat credit in certain cases This provision has been added to as to provide for treatment of such cenvat which was reversed before the appointed day due to non-payment of consideration within a period of 3 months. This provision states that in such … [Read more...]

Transitional Provisions-Part-XI

Taxability of supply of services in certain cases This is a newly added section to provide for taxation for such instances of service provision where the point of taxation was occurring before the appointed day. It states that in cases where the point of taxation lies before the appointed day … [Read more...]