How to Determine Place of Supply for Services Provided at Immovable Properties

An immovable property is an immovable object, an item of property that cannot be moved without destroying or altering it. The property is fixed to the earth, for example, a piece of land or a house. In the current tax regime, taxable services provided in…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

63,824 total views, 21 views today

How to Determine the Place of Supply of Services

In the current tax regime, the provision of a taxable service is subject to service tax.  Service tax is levied by the Central government and is applicable irrespective of whether the provision of service is interstate or intrastate. However, under GST, the place of supply…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

77,030 total views, 23 views today

How to Determine the Place of Supply in Case of Bill to-Ship to Transactions

In the Bill to – Ship to model, the billing and shipping of goods are done to two states and entities. In order to avoid the cascading of multiple taxes through the course of the transaction, the first sale will be taxable, and any subsequent…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

141,083 total views, 29 views today

How to Determine the Place of Supply When there is No Movement of Goods

1. When supply does not involve movement of goods, the location of the goods at the time of delivery to the recipient is the place of supply. For example: Rex Cars, whose registered place of business is Chennai, Tamil Nadu, opens a showroom in Mysore,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

75,868 total views, 25 views today

How to Determine the Place of Supply when there is Movement of Goods

In the previous blog, we discussed what is place of supply and why it is important to determine the place of supply. In the next few blogs, we will cover the parameters to determine the place of supply. Here, we will learn how to determine…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

58,899 total views, 17 views today

What is Place of Supply in GST

Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘SUPPLY’. The taxable event under GST is the ‘Supply’ of Goods or Services. It is very important, therefore, to…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

73,957 total views, 14 views today

Provisions in GST with Respect to E-Commerce

Electronic Commerce or e-commerce has transformed the way business is done in India. Currently, the e-commerce industry in India is faced with the levy of multiple taxes. Every state has imposed its own set of rules and taxes on the e-commerce industry. The lack of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

69,933 total views, 13 views today

How to Determine Supply of Goods vs Supply of Services in GST

Schedule-II of the model GST law provides clarity on determining the type of supply as supply of goods or supply of services. This aims at eliminating the dilemma that exists in the current indirect tax system, for example, Service Tax Vs. VAT on works contract,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

69,526 total views, 27 views today

Supply of Goods or Services between Related and Distinct Persons

In our earlier blog GST Impact on Supply without Consideration and Importation of Services, we discussed about supply without consideration and the import of service. This blog discusses, in detail, supplies without consideration between: • Related person • Distinct person Are you GST ready yet?…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

40,515 total views, 20 views today

Understanding Mixed and Composite Supply in GST

If you look at the market today, you will notice very often, two or more goods, or a combination of goods and services, are supplied together. This could be due to either of the following reasons: A sales strategy – to attract more customers The…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

63,131 total views, 13 views today