Works Contract under GST
What is works contract? Works contract, by definition, is an agreement to carry out for cash, deferred payment, or other valuable consideration – building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property. Typically, it…
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How to Determine the Place of Supply of Transportation Services
Under Goods and Service Tax, ‘supply’ will be the single taxable event and the major transformation that will occur is ‘Destination based consumption tax’, where tax will accrue to the state in which the supply is consumed. The place of supply will determine the type…
64,426 total views, 82 views today
How to Determine the Place of Supply of Telecommunication and Financial Services
Under GST, specific rules have been laid down for determining the place of supply of telecommunication services and financial services. Knowing how to determine the place of supply is very important to ensure that the correct tax is charged on a supply. Let us understand…
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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…
53,968 total views, 62 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,…
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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…
42,158 total views, 32 views today
