Non-GST Supply

S. No. 1. Alcoholic liquor for human consumption – Refer Note-1 at the end of this table 2. Specified petroleum products namely: ...

Nature of Supply-Intra-State Vs Inter-State Supply

Summary Table Goods/Services Type of supply Sections of the IGST Act, 2017 Refer Table Goods Inter-State supply 7(1), 7(2) and...

Place of supply of goods or services or both

Necessity of determining place of supply The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the...

Deemed Exports

Conditions for deemed exports –Section 147 of the CGST Act, 2017 Certain supplies of goods may be notified by the Government as deemed exports. It is to be noted...

Reverse Charge Mechanism (Goods)

Supply of goods under Reverse Charge - Section 9(3) of the CGST Act, 2017/ Section 5(3) of the IGST Act, 2017 S. No. Tariff item, sub-heading,...

Valuation of Taxable Supply (Section 15)

Summary Table Table Heading Table Heading 1 Provisions dealing with value of taxable supply - Section 15 8 Value of supply in case of...

Input Tax Credit

Summary Table of various tables given in this Referencer Table No. Heading Table No. Heading 1 Eligibility and conditions for taking ...

Reverse Charge Mechanism (Services)

Services under reverse charge - Section 9(3) of the CGST Act, 2017/ Section 5(3) of the IGST Act, 2017 Sl. No Category of supply of services...

Levy of Late Fee

Levy of late fee for delay in furnishing of FORM GSTR-1, GSTR-2, GSTR-3/ GSTR-3B and GSTR-10 - Section 47(1) Any registered person who fails to furnish the...

Penalty for Failure to get Accounts Audited

S. No. Penalty (A) Penalty for failure to get accounts audited under section 35(5)- Section 125 For failure to get its accounts audited, the ...