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Taxability of supply of services in certain cases - TRANSITIONAL PROVISIONS

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 7-1-2017 - GST DAILY DOSE OF UPDATION BY CA PRADEEP JAIN TRANSITIONAL PROVISIONS-PART-XI 188. Taxability of supply of services in certain cases This is a newly added section to provide for t .....

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aw. In the old draft, this was non-existent and this has been added to bring more clarity in situations where point of taxation comes into play. Situations like taxation on advances and subsequent adjustment in the invoice value are such transactions .....

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efund be granted of this tax paid on advances and full tax will have to be paid on the invoice issued under the new regime is yet to be clarified. An explanation has also been added stating that where the portion of a supply of service is not covered .....

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of supply of goods then tax will be payable on such supply in accordance with the earlier law. 191. Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law Another section has been ad .....

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gistration is to be taken separately for each state. The old draft was silent on the treatment of cenvat balance which was lying with them but was pertaining to various units. Thus it was not clear how the cenvat shall be carried forward and whether .....

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is electronic credit ledger, credit of the amount of cenvat credit carried forward in a return, furnished under the earlier law by him. An important proviso in this section is that such credit may be transferred to any of the registered taxable perso .....

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