CBIC via
notification No. 31/2019 dated on 28th June 2019 introduced form
PMT-09 to save the registered taxpayers
from blockage of business fund that occur during the period of refund
application of excess balance in the electronic cash ledger in FORM RFD-01 due
to wrongly or erroneously paid ITC under wrong head.
Electronic Way Bill is a unique document which is system generated or generated electronically for consignment of goods from one place to another. It may be either inter-state or intra-state, as such a person registered under GST cannot transport the goods worth more than Rs. 50,000/- without...
Normally, GST on goods and services is payable by the
taxable person (i.e. person registered or liable to be registered under GST). However
the Government have, on the recommendation of the council, by notification specified
categories of supply of goods or services or both, the tax on which shall be
paid...
TDS provision under
GST
There are certain category of persons for whom registration under
GST act is mandatory irrespective of their turnover limits as specified in
Section 22. These categories have to get register themselves on mandatory basis
under GST act by virtue of Section 24 of the...
Transfer
of ITC in case of sale, merger, demerger amalgamation, lease or transfer of
business:-
As per section 18(3) of CGST Act, 2017 in
case of change in the constitution of registered person on account of sale,
merger, demerger, amalgamation, lease or transfer of business with specific
provision of...