GST: HUF as Taxable Person under GST: Scope The definition of a ‘person’ under GST law includes a Hindu Undivided Family (HUF) as 2 (84) of CGST Act, 2017. HUF comes into existence automatically upon the marriage of a Hindu, Jains and sikhs which continues through sons and daughters are coparceners, with daughters having equal […]

GST on Discounts or Incentives Given After Supply – Sec 15(3)(CGST Act, 2017 Scope The amendments introduced in the 54th GST Council Meeting impact the metal scrap industry by mandating specific compliance requirements for GST under Reverse Charge Mechanism (RCM) and Tax Deducted at Source (TDS). Effective from October 10, 2024, these changes affect purchases […]

GST on Discounts or Incentives Given After Supply – Sec 15(3)(CGST Act, 2017 Scope According to Section 15 (3) of the CGST Act, the value of supply shall exclude discounts if they were known at or before the time of supply and are duly linked to relevant invoices. Discounts provided afterward are permissible only if […]

GST: Service of Notice, order, summon etc—Section 169 of CGST Act, 2017 Scope The scope section discusses modes of service for decisions, orders, summons, notices, or other communications under the Central Goods and Services Tax (CGST) Act, 2017, specifically focusing on Section 169 and Section 160 (2). These sections outline legally recognized methods for serving […]

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 […]