Taxation and reporting of Gift Vouchers under GST The use of gift vouchers or prepaid vouchers/cards in businesses has gained popularity, not only in B2C transactions but also in B2B transactions. Some of the situations where gift vouchers are used […]
Discussion on Tour operators and Travel Agents
Discussion on Tour operators and Travel Agents Is a Tour Operator different from a Travel Agent? Can a Tour Operator avail Input Tax Credit if 18% GST is charged on outward supplies? The services of a Tour Operator are covered […]
GST impact on Export of services to related parties
GST impact on Export of services to related parties Any Indirect tax such as VAT or GST follows either the origin principle or the destination principle. It will be of use to understand these two concepts. Origin Principle Destination Principle […]
GST on construction services – a brief discussion on time and value of supply
GST on construction services – a brief discussion on time and value of supply Under GST laws, the most complex set of laws relate to the construction sector. While the industry had just about got to grips with the complexities […]
GST on Co-operative Housing Societies and Resident Welfare Associations
GST on Co-operative Housing Societies and Resident Welfare Associations Background: The Finance Act, 2005 introduced, for the first time in 2005, a Service tax levy on ‘Club and Association services’ with effect from 07/06/2005. The levy was widely litigated, primarily […]
GST on Training and Counselling of students with Dyslexia
GST on Training and Counselling of students with Dyslexia A question has been raised whether GST is applicable on fees charged by a charitable trust registered under 12A, 80G and working in the field of training, counselling, etc., of students with Dyslexia. We […]
Reduction in rent or license fees due to Covid-19 – GST impact
Reduction in rent or license fees due to Covid-19 – GST impact All businesses have suffered under the present Covid-19 crisis. For most of the businesses, the cash flow has dried up with no guarantee as to when things will […]
Services rendered by corporate recovery agents to Banks and NBFC
Services rendered by corporate recovery agents to Banks and NBFC – A case for levying GST under Forward charge 1) Recovery Agent – The term ‘Recovery agent’ is not defined in either of the GST acts. Section 2(5) of the […]
The P2P or P2A nature of advertising agencies in case of Print media
The P2P or P2A nature of advertising agencies in case of Print media The Central Government has issued a press release (reproduced hereunder – Annexure A) in relation to GST on print media billing by advertising agencies in response to queries […]
Limitation period under GST and Recovery of GST dues from Directors..
Limitation period under GST and Recovery of GST dues from Directors, Partners and Legal Heirs In this discussion, we examine the limitation period under GST law for recovery of GST demands. We will also examine whether GST can be recovered […]