RCM ON PROCUREMENTS FROM UNREGISTERED VENDORS

  • Category: Levy and supply
  • Date: 04-02-2019
  • Writer: N Raghunandan

BACKGROUND

Indirect tax is normally paid by the supplier of the goods or the service provider. However, in certain cases, the receiver or the customer of such goods or services are made responsible to pay the taxes instead of the seller or service provider. This mechanism of paying taxes by the recipient is called payment of taxes under reverse charge mechanism [RCM].

The payment of tax liability fully under reverse charge by the recipient and partly by the supplier as well as the...

Read more

RCM ON PROCUREMENTS FROM UNREGISTERED VENDORS

  • Category: GST
  • Date: 04-02-2019
  • Writer: N Raghunandan

87. GST Law Amendment w.e.f. 1.2.2019

  • Category: GST Updates
  • Date: 02-02-2019
  • Writer: Hiregange Team

 Introduction:

28th GST Council meeting dated 21st July 2018 had recommended various changes in the GST Law consequent to which certain amendments in the Act were proposed. The amendments were passed by the Parliament and State Legislative Assemblies and has been made effective w.e.f. 1.2.2019. Some of the amendments have been given to retrospective effect while other have been made effective prospectively. However, some amendments have still not been made effective and therefore the...

Read more

GST Law Amendment w.e.f. 1.2.2019

  • Category: GST Updates
  • Date: 02-02-2019
  • Writer: Hiregange Team

Anti-profiteering

  • Category: GST
  • Date: 31-01-2019
  • Writers: Ramya U R, CA Rajesh Maddi

GST Impact on Supply of Used Car

  • Category: GST
  • Date: 23-01-2019
  • Writers: Kishore Bandari, CA Akshay M Hiregange

Residential colony expenses - Eligibility of ITC

  • Category: GST
  • Date: 04-01-2019
  • Writers: Sneha Latha, CA Shilpi Jain

Common Errors – ITC (Documentation and Recording)

  • Category: GST
  • Date: 02-01-2019
  • Writers: CA Madhukar N Hiregange, CA Vikram Katariya

Reversal of common ITC availed on inputs and input services

  • Category: GST
  • Date: 24-12-2018
  • Writers: Bharath Chandra, CA Shilpi Jain

Liability w.r.t. JDA entered prior to GST

  • Category: sector specific
  • Date: 22-12-2018
  • Writers: Hema Muralidharan, CA Shilpi Jain

Introduction:

Joint development agreement (JDA) is an agreement entered between the landowner and the developer wherein the landowner would provide the right to the developer to develop the land, in return for construction services to be provided by the developer.The developer would be entitled for a share in the developed property(generally allotted through supplementary agreement (SA))in return for such construction services. Without getting into whether GST is liable or not on these...

Read more