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Home Articles Goods and Services Tax - GST Pradeep Jain Experts This |
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COMPARATIVE ANALYSIS OF CHANGES MADE IN INPUT TAX CREDIT- PART-I: |
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COMPARATIVE ANALYSIS OF CHANGES MADE IN INPUT TAX CREDIT- PART-I: |
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COMPARATIVE ANALYSIS OF CHANGES MADE IN INPUT TAX CREDIT- PART-I:- This update seeks to highlight the changes made in the Revised GST Law as compared to the old GST Draft with respect to provisions relating to input tax credit as follows:-
We will draw your attention on the remaining changes made in input tax credit provisions in the revised GST Law in our next update.
By: Pradeep Jain - December 16, 2016
Discussions to this article
The clause discussed in point 2 states that credit would be allowed only if the payment to the service provider. Does this indirectly implies that only if receiver of service does the payment of the value of service render to the service provider, the service provider shall deposit the tax so charged on the invoice . What if he has collected the tax but not deposited to the Exchequer . Further , you have discussed this provison for service , whether the same is the provision for supply of goods.
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