News – Tagged "GST Migration" – Kinja Consultancy

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Composition Dealer

When a registered dealer who was paying tax under Composition Scheme previously but is a normal tax payer under GST can claim credit of inputs avai...

Credit Distribution by Input Service Distributor

Transition provisions will apply in cases where the service was received prior to 1st July and the invoices received on or after 1st July. ISD will...

Job Work

No tax shall be payable in Inputs, semi-finished goods removed for Job Work for carrying certain processes and returned on or after 1st July Condit...

Refunds and Arrears

Any claims/appeals pending for the refund on the due amount of CENVAT credit, tax or interest paid before 1st July shall be disposed of according t...

ITC on Goods Sent Before 1st July

Input tax credit can be claimed by the manufacturer/dealer for those goods received after the appointed day, the tax on which has already been paid...

Registered persons who were not registered under previous law

Every person who is A Registered Dealer and was unregistered under previous law Who was engaged in the manufacture of exempted goods or provisi...

Credit on Stock

A manufacturer or a service provider who has goods lying in the closing stock on which duty has been paid can also take the credit of the same. The...

Credit on Capital Goods

Before GST, only a part of input tax paid on Capital Goods could be taken as credit. For example, if ITC on a Capital Good purchased in the year 20...

Closing balance of credit on Inputs:

The closing balance of ITC as per the last return filed before GST can be taken as credit in the GST regime. The credit will be available only if t...

Input Tax Credit

Provisions have been made for smooth transition of input Tax Credit available under VAT, Excise Duty or Service Tax to GST.  A registered dealer op...

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