Tag: input tax credit in gst

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What is the impact of Section 16(2) (aa) of CGST Act -20170-With amended Rule 59 of CGST Rule

Advocate Birbal SharmaComment(0)

What is New Provision as per section 16(2) (aa)? Recently inserted new Section 16(2) (aa) of CGST Act Finance Bill, 2021. In this Article we are trying to discuss & analysis of Section 16(2) (aa) with Section 37 of CGST Act-2017. Provision as per Law 16(2) (aa) The details of the Tax Invoice/Bill or debit […]

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Availability of credit in special circumstances Under GST (Section 18).

Advocate Birbal SharmaComment(0)

Availability of credit in special circumstances Under GST (Section 18). availability of credit in special circumstances under gst In case of new registration, shifting from composition scheme & exempt supply becomes taxable supply [Section 18 (1)(a)] a GST person who has applied for registration under the GST Act within 30 (thirty) days from the date […]
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HSN Code in the GST invoice (notification)

Advocate Birbal SharmaComment(0)

It is not necessary to write the HNS code in the GST invoice, the person whose turnover is up to 150 lakhs For more information read the following notifications. Dated-28.06.2017  Notification Number- 12/2017-Central Tax, [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department […]