Dear
Readers,
Central/State Goods and Service Tax Act, 2016
revised model has been published recently. There are many changes in the same.
There are
three Acts simultaneously working in this GST regime.
CGST, SGST,
and IGST.
There
are three laws and there is transaction
Intra state and Inter state for provision of services and sale of goods.
In case of
import there would be IGST and in Export there would be zero tax.
The
following slides will clear the concept of Intra state , Inter state, Import
of goods, Export of goods, where the applicability of CGST, SGST and IGST and
availability of set off and place of supply with different option to clear the point of supply.(Slides of ELP Consultant and CA Satish Saraf)
The levy in GST is
on the basis of event of supply for a consideration whether monetary and
non-monetary.
Registration
is right now for VAT client is provisionally done on the supply of certain
documents.
There are
specific provision for E-commerce.
There are
transitional provisions under chapter 27.
We will be
deliberating further for sharing of knowledge through this portal.
Please to
receive the question and someone wants to contribute are welcome.
CA Nitin Pathak
Mob:9825804094
E-mail id:nitinmpathak@gmail.com
Mob:9825804094
E-mail id:nitinmpathak@gmail.com
Click here for:MODEL GST LAW
