Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 
Commentaries
Search :
32 Records 
CHAPTER 1 GST - IDEA WHOSE TIME HAS COME
1.1 Background of GST
1.2 Draft of proposed GST Bill already released
1.3 What is Goods and Services Tax
1.4 Expected rates of GST
1.5 Transitional provisions
1.6 No additional tax @ 1% on inter-state supply of goods
1.7 Abolition of other duties and taxes
1.8 Goods and Service Taxes Council
1.9 Information Technology Network
1.10 IGST and concept of 'supply' are game changer
1.11 Compromised GST
1.12 Conclusion
CHAPTER 2 TAXABLE EVENT IN GST
2.1 Meaning of taxable event
2.2 Meaning of 'supply'
2.3 Coverage of 'supply'
CHAPTER 3 SUPPLY OF GOODS
3.1 Meaning of 'goods'
3.2 Software is 'goods' if in physical form - otherwise it is service
3.3 Supply of goods by clubs or associations
3.4 Supply of goods at future date
CHAPTER 4 SUPPLY OF SERVICE
4.1 Meaning of 'services'
4.2 Intangible property is 'service'
4.3 Actionable claim
4.4 Hire or operating lease of goods is 'service'
4.5 Leasing or renting of land and building for commercial purposes is 'service'
4.6 Construction Service
4.7 Intellectual property related services
4.8 Refrain from Act or tolerating an Act
4.9 Works Contract service
4.10 Financial leasing and hire purchase
4.11 Supply of food or drinks is supply of service
CHAPTER 5 VALUE OF TAXABLE SUPPLY OF GOODS AND SERVICES
5.1 Transaction value is basis for valuation
5.2 Discount or incentive given after supply
5.3 Meaning of 'consideration'
5.3A Determination of value when value not ascertainable
5.4 GST Valuation Rules
5.5 Supplies to related person
5.6 Goods transferred to same person or agent or principal
5.7 Determination of value of supply by comparison
5.8 Computed method to determine value of supply
5.9 Residual method of valuation
5.10 Rejection of declared value by proper officer
5.11 Payment to service receiver not includible if paid as pure agent
5.12 Valuation in case of Money Changer
CHAPTER 6 EXEMPTION FROM GST BY GOVERNMENT
6.1 Power to Government to grant exemption
6.2 Exemption optional but absolute exemption compulsory
6.3 Exemption in exceptional circumstances
6.4 Retrospective insertion of clarification to exemption notification
6.5 Burden of proof on party claiming exemption
6.6 Strict construction of exemption notification
6.7 Purposive interpretation of exemption notification
6.8 Relevance of End Use in exemption notification
6.9 Promissory Estoppel in exemption notifications
CHAPTER 7 EXEMPTIONS AND COMPOSITION SCHEMES FOR SMALL TAXABLE PERSONS
7.1 Relief to small taxable persons
7.2 Composition scheme for small taxable persons
7.3 Principles applicable to composition schemes
CHAPTER 8 CLASSIFICATION OF GOODS AND SERVICES
8.1 Need for classification
8.2 Overview of HSN
8.3 Description of services
CHAPTER 9 VAT CONCEPT AND ITS APPLICATION IN GST
9.1 Background of VAT
9.2 Basic Concept of VAT
9.3 Vat is consumption based tax
9.4 'Manufacturing States' or 'Producing States' will suffer in VAT system
9.5 Revenue Neutral Rate to get same tax revenue
9.6 Zero rated and exempt transactions in GST
9.7 Highlights of scheme of GST
9.8 Broad provisions regarding availability of input tax credit
CHAPTER 10 INPUT TAX CREDIT (ITC)
10.1 ITC is core provision of GST
10.2 Manner of taking input tax credit
10.3 Proportionate ITC when party used for business or taxable supplies
10.4 Merger, amalgamation or sale of business
10.5 Negative list of goods and services ineligible for ITC
10.6 Input Tax Credit of capital goods
10.7 Requirements for availing Input Tax Credit
10.8 Reversal of input tax credit if goods exempt or taxable person switches to composition scheme
10.9 Recovery of ITC wrongly taken
10.10 Transitional provisions of ITC at the time of switching
10.11 Input Service Distributor (ISD)
CHAPTER 11 ILLUSTRATIONS OF UTILIZATION OF INPUT TAX CREDIT
11.1 Simple illustrations to understand input tax credit principle
11.2 Both receipt and supply of goods and services in same State
11.3 Input goods and services used for taxable and exempted goods and services
11.4 Receipt of goods and services within State but supply of goods and services outside the State
11.5 Receipt of goods and services inter-State but supply of goods and services within the State
11.6 Receipt of goods and services inter-State and supply of goods and services also inter-state
CHAPTER 12 PERSON AND TAXABLE PERSON
12.1 Person liable to pay tax
12.2 Meaning of 'Person'
12.3 Partnership firm
12.4 Proprietary concern or firm
12.5 Hindu Undivided Family (HUF)
12.6 Association of Persons or Body of Individuals
12.7 Revenue Sharing Type Unincorporated Joint Venture when would be AOP
CHAPTER 13 REVERSE CHARGE
13.1 Meaning of reverse charge
13.2 General provisions applicable where reverse charge applies
13.3 Supply of Goods and services liable for reverse charge
CHAPTER 14 PLACE OF SUPPLY OF GOODS AND SERVICES
14.1 Importance of place of supply
14.2 Place of supply of goods
14.3 Place of supply of services
14.4 Place of supply of service in different situations
14.5 Broad analysis of definition of place of supply of service
14.6 Export and import of services
CHAPTER 15 TIME OF SUPPLY OF GOODS AND SERVICES
15.1 Liability of GST on basis of time of supply
15.2 Time of supply of goods
15.2A Time of supply in case of continuous supply of goods
15.3 Time of supply when GST on goods payable on reverse charge basis
15.4 Time of supply in case of supply on approval basis
15.5 Date of supply in other situations
15.6 Time of supply of services
15.7 Time of supply in case of continuous supply of service
15.8 Time of supply of service when GST payable on basis of reverse charge
15.9 Time of supply when service ceases before completion
15.10 Time of supply of service in other cases
15.11 Time of supply in case of change in rate of tax in respect of supply of services
CHAPTER 16 GOVERNMENT RELATED ACTIVITIES
16.1 Government and local authorities are subject to service tax unless exempted
16.2 Services provided by Government which will not be taxable
CHAPTER 17 REGISTRATION UNDER GST
17.1 Requirement of registration
17.2 Requirements of registration
17.3 Provisions relating to casual taxable person and non-resident taxable person
17.4 Amendment of registration
17.5 Cancellation of GST registration
17.6 Procedure for registration
CHAPTER 18 BASIC PROCEDURES IN GST
18.1 Administration of GST
18.2 Tax invoice and credit/debit notes under GST
18.3 Returns under GST
18.4 First Return
18.5 Claim of input tax credit and provisional acceptance
18.6 Matching, reversal and reclaim of input tax credit
18.7 Matching, reversal and reclaim of reduction in output tax liability
18.8 Annual return
18.9 Final return after cancellation of GST registration
18.10 Notice to persons defaulting in filing return
18.11 Late fee for late filing of details and returns
18.12 Tax Return Preparers
18.13 Electronic payment of tax, interest, penalty and other amounts
18.14 Interest on delayed payment of tax
18.15 Tax deduction at source (GST TDS)
18.16 Accounts and other records
18.17 Audit by Chartered/Cost Accountant
18.18 Period of retention of accounts
CHAPTER 19 JOB WORK
19.1 Special provisions for job work
19.2 Special procedure for removal of goods for job work
19.3 Input Tax Credit of goods sent for job work
19.4 Transitory provisions in respect of goods sent to job worker
CHAPTER 20 ASSESSMENT AND AUDIT
20.1 Meaning of 'assessment'
20.2 Provisional Assessment
20.3 Scrutiny of returns
20.4 Best Judgment Assessment of non-filers of returns
20.5 Best judgment Assessment of unregistered persons
20.6 Summary assessment in certain special cases
20.7 Assessment, adjudication, notice etc. not to be invalid on minor grounds
20.8 Audit by tax authorities
20.9 Special audit by Chartered/Cost Accountant
CHAPTER 21 DEMANDS AND RECOVERY
21.1 Demands for tax short paid or not paid or erroneously refunded
21.2 Demand when no charge of fraud, wilful mis-statement or suppression of facts
21.3 Meaning of fraud or any wilful-misstatement or suppression of facts to evade tax
21.4 General provisions relating to demand of tax
21.5 Tax collected but not deposited with Government
21.6 CGST/SGST paid when IGST was payable and vice versa
21.7 Recovery of tax
21.8 Payment of tax and other amount in instalments
21.9 Transfer of property to be void in certain cases
21.10 Tax to be first charge on property
21.11 Continuation of certain recovery proceedings
21.12 Liability in case of transfer of business
21.13 Liability in case of amalgamation/merger of companies
21.14 Liability in case of company in liquidation
21.15 Liability of partners of firm to pay tax
21.16 Liability of guardians, trustees etc
21.17 Liability of Court of Wards etc.
21.18 Liability if a person dies
21.19 Liability in case of HUF or AOP
CHAPTER 22 REFUND IN GST
22.1 Refund of tax and interest
22.2 Application and procedure of refund
22.3 Relevant date for filing refund claim
22.4 Interest on delayed refunds
22.5 Consumer Welfare Fund
22.6 Most of recommendations of joint committee ignored
CHAPTER 23 POWERS OF GST OFFICERS
23.1 Powers to enable officers to implement law
23.2 Seizure of goods, documents, books or things
23.3 Transit checks - Inspection of goods in movement
23.4 Power to arrest
23.5 Power to summon persons to give evidence and produce documents
23.6 Access to business premises for inspection and audit
23.7 Officers required to assist CGST/SGST officers
CHAPTER 24 OFFENCES AND PENALTIES
24.1 Offences under GST Law
24.2 Other offences
24.3 General i.e. residual penalty
24.4 General disciplines related to penalty
24.5 Detention of goods and conveyances, and levy of penalty
24.6 Confiscation of goods and levy of penalty
24.7 Confiscation of conveyances
24.8 Confiscation or penalty not to interfere with other punishments
CHAPTER 25 APPEALS IN CGST AND SGST
25.1 Appeals against adjudication order
25.2 Appeals to First Appellate Authority
25.3 Revisional powers of Commissioner in case of SGST
25.4 Constitution of the National Appellate Tribunal
25.5 Appeal to Appellate Tribunal
25.6 Orders of Appellate Tribunal
25.7 Procedure of Appellate Tribunal
25.8 Appearance by authorised representative
25.9 Appeal to the High Court
25.10 Appeal to the Supreme Court
25.11 Constitutional remedies in indirect taxes
CHAPTER 26 PROSECUTION AND COMPOUNDING
26.1 Civil and criminal liabilities for Offences
26.2 Prosecution for Offences under GST Law
26.3 Cognizance of offences
26.4 Presumption of culpable mental state
26.5 Relevancy of statements under certain circumstances
26.6 Offences by Companies and certain other persons
26.7 Compounding of offences
CHAPTER 27 ELECTRONIC COMMERCE
27.1 Background
27.2 Collection of tax at source by electronic commerce operator
27.3 E-commerce operator to furnish details
CHAPTER 28 MISCELLANEOUS ISSUES IN GST
28.1 Remission of tax on supplies found deficient in quantity
28.2 Advance Ruling
28.3 Settlement of Cases
28.4 GST compliance rating
28.5 Obligation to furnish information return by various authorities
28.6 Power to collect statistics
28.7 Test purchase of goods and/or services
28.8 Drawal of samples
28.9 Persons discharging functions under the Act shall be deemed to be public servants
28.10 Publication of information respecting persons in certain cases
CHAPTER 29 CONSTITUTIONAL BACKGROUND OF GST
29.1 Relevance of Constitutional provisions
29.2 Deemed sale of goods under Constitution
29.3 Restrictions on powers of taxation
29.4 Distribution of revenue between Union and States
29.5 Other proposed amendments which will not be part of Constitution
29.6 Other proposed amendments which will not be part of Constitution
29.7 Principle of interpretation of entries in Constitution
CHAPTER 30 PRESENT STRUCTURE OF INDIRECT TAXES IN INDIA AND PROBLEMS
30.1 Hybrid structure of present taxation in India
30.2 Problems in present taxes on goods
30.3 Issues relating to Central Sales Tax
CHAPTER 31 ADDITIONAL TAX ON SUPPLY OF GOODS (ATSG) IN INTER-STATE TRANSACTIONS
31.1 No additional tax on supply of goods in inter-state transactions
31.2 Is ATSG payable only once or at every inter-state movement
31.3 Proposal to impose 1% ATSG is likely to be dropped
CHAPTER 32 IGST IS GAME CHANGER
32.1 IGST is a unique and novel concept
32.2 Distribution network will be simpler
32.3 Ways of doing business will change