Role of AS-7 for GST angle

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..... Role of AS-7 for GST angle
Query (Issue) Started By: - Rajesh Kumar Dated:- 23-9-2021 Last Reply Date:- 24-9-2021 Goods and Services Tax - GST
Got 2 Replies
GST
Sir/madam What is the rol .....

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..... e of AS-7 for the purpose of GST duty angle? Which information is concern to GST purpose and what is the method of calculation for GST angle? Is it helpful for the quantification of GST? Reply By Sh .....

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..... ilpi Jain: The Reply: For the purpose of calculating GST the valuation provisions would be relevant and when GST has to be paid , the time of supply provisions will be relevant. accounting standards .....

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..... will not be of relevance. Reply By KASTURI SETHI: The Reply: Dear Querist, There are two case laws (pertaining to pre-GST era) which talk of how AS-7 can be useful in various ways regarding correct .....

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..... and proper payment of GST. These are worth reading. 1. SGS Construction & Developers (P) Ltd. Vs.Commissioner ST, Delhi - 2019 (1) TMI 1820 - CESTAT NEW DELHI 2. FIRM FOUNDATIONS & HOUSING PVT. LTD .....

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..... . Versus PR. COMMR. OF S.T., CHENNAI - 2018 (4) TMI 613 - MADRAS HIGH COURT
Discussion Forum - Knowledge Sharing .....

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