Introduction to Supply under GST (Section 7): Basics of GST The term supply under GST (Section 7) is a broad term that merges all the taxable activities into a single activity. The supply is a taxable event in whose occurrence or happening tax is applicable. it means the tax becomes payable when liability to pay … Read more
Place of Supply of Goods | Know where GST is Payable The concept of the Place of Supply of Goods can be quite tricky, as GST follows a consumption-based system.Under this system, the tax is payable in the state where goods or services are actually consumed,rather than originate.The provisions relating to the Place of supply … Read more
Corporate Guarantee Under GST | Everything You Need to Know The Corporate Guarantee under GST is a useful tool often used by a holding company or group of entities to help their subsidiaries or related parties with loans or credit facilities. This corporate guarantee also brings with it some important legal and tax considerations under … Read more
Specified Premises under GST | Is My Hotel a Specified Premises? Let’s Break it down. When it comes to GST Compliance in hospitality sector, One term that is now under spotlight is “Specified Premises under GST. The very next question that naturally follows is – “Is My Hotel a Specified Premises?”. As we know that … Read more
Input Service Distributor Preface The Input Service Distributor in GST is important for distributing input tax credit for business operating mulitple branches. This article aims to provide understanding of What is Input service distributor with example explanation or what is Input Service Distributor in GST? helping business for proper ITC utilisations and its compliance. One … Read more
Objective of this Article The Objective of this article is to clarify the concept of Intermediary services , and its definitions and implications under GST,addressing the common ambiguities that business and tax professional faces. This includes explaining the crieteria for determining intermediary services, outlining the tax implications. By providing detailed insights and illustrative examples, the … Read more
What is an e-commerce operator in GST? Here we discussed gst on electronic commerce operators in which Electronic commerce Operators (ECO) is displays products as well as services which are actually supplied by some other person to the consumer, on their electronic portal. The consumers buy such goods /services through these portals. On placing the … Read more
GST on online gaming in India 2023 is topic to understand in deep as the Directorate General of GST Intelligence (DGGI) has given the Karnataka-based online gaming company Gameskraft Technologies Private Limited a show-cause notice for the amount of INR 21,000 crore. The reason for the notice is that Gameskraft Technologies Private Limited did not … Read more
From 01.04.2019 there is drastic change in GST for real estate sector. There is GST of 1%, 5% and 12% depending upon the construction project. In real estate sector, the major challenge is deciding the accurate GST rate. Many buyers of residential and commercial properties remain in confusion due to different GST rates charged by … Read more
GST on hostel accommodation services have undergone some changes from July,2022. Withdrawal of gst exemption in accommodation under gst is going going to take effect from 18.07.2022. If accommodation charges in hotels, , inn, guest house, club or campsite is up to Rs 1000 per day, then it is exempt till 17.07.2022. But w.e.f. 18.07.2022 … Read more