Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Scope of remission of tax in GST where the supplies are found to be deficient in quantity

Goods and Services Tax - Started By: - CA Surender Gupta - Dated:- 11-9-2016 Last Replied Date:- 14-9-2016 - Section 11 of the First Draft Model GST Act states that: 11. Remission of tax on supplies found deficient in quantity (1) The Central or a State Government may, by rules made under this sub-section, provide for remission of tax on such supplies which are found to be deficient in quantity due to any natural causes. (2) Any rules made under sub-section (1) may, having regard to the nature o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ss. Finally, what was the need to bring this kind of provision in GST. Will it not being inspect raj indirectly? - Reply By CA Surender Gupta - The Reply = As per my understanding, the intention and purpose of bringing the kind of provision as above is lost in haste drafting of the provision. Had, it been the intention of remission of duty after the event of supply occurs and before reaching the destination, it may have differently worded. Since the issue of manufacturing loss, process loss, sto .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sment, pertaining to 'Invisible Loss' during manufacturing activity - Held that:- matters are remanded to the respondent for fresh consideration, who shall cause inspection of the petitioner's Factory and ascertain the manufacturing process, and during the course of such inspection, the petitioner is directed to furnish details of the manufacturing process, and thereafter, the respondent shall ascertain as to the quantum of manufacturing loss and issue necessary supplementary show ca .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version