Benefit of ITC at the Time of GST Registration – Section 18(1) of CGST Act, 2017 Scope This discussion covers ITC benefits under section 18 (1) of the Central Goods and Services Tax (CGST) Act, which allows a person applying for registration to take credit of input tax related to goods held in stock when […]

GST: Valuation of Taxable supply—Section 15(2)(b) of CGST Act, 2017 Scope The discussion pertains to Section 15 (2) (b) of the CGST Act, which includes in the value of supply any amount that the supplier is liable to pay but is paid by the recipient. This includes contractual liabilities of the supplier paid by the […]