ITC on Motor Vehicle in GST Under Section 17 (5) of CGST Act ITC on motor vehicle is not allowable. A point was being agitated in the mind of learned professionals as to whether ITC on repair and maintenance would be allowable or not. The
Free on proposed changes by GST Council Meeting dated 6th October, 2017 1. No RCM on purchase from unregistered supplier:- It is proposed that liability to pay tax under reverse charge on supplies made by unregistered to registered person shall be suspended till 31st March
Relief Package for Exporters by GST council The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced by exporters post-GST leading
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
Time of Supply is the key factor that determines the taxability of advances. 1. Whether the supplier of goods is liable to pay GST on receipt of advances? a) Time of supply is the key factor for determining the due date for payment
How GST will help in curbing tax evasion GST is a revolutionary tax reform and will bring much of the informal sector into the formal sector, as honest people will have nothing to fear from the new tax regime, but “the dishonest will be made to pay”.
In accordance with the Federal Law No. (7) of 2017 on Tax Procedures in the UAE Part Two of Chapter three describes Appointment of a Tax Agent, Tax Agent’s Registration procedure & conditions to be fulfilled for registering in the register of Tax Agents.
Detail presentation on the negative list of ITC under GST Followings Point to be noted:- Auto, metered cab charges – Exempted under GST. Further, No GST shall be paid even if the amount is incurred by employees and later on reimbursed Cab service procured from
Presentation on E-way bills in GST Analysis of E-Way Bill It a presentation on E-way bills in GST. E-Way Bill Rules notified vide Rule 138 through Notification no. 27/2017 dated August 08, 2017. The date of implementation has not been spelt. And it shall be
