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GST Transitional Provisions Archives - All About Finance https://taxclick.org/tag/gst-transitional-provisions/ Sat, 07 Jan 2017 10:37:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png GST Transitional Provisions Archives - All About Finance https://taxclick.org/tag/gst-transitional-provisions/ 32 32 Transitional Provisions-Part-XII https://taxclick.org/type/gst/transitional-provisions-part-xii/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-xii https://taxclick.org/type/gst/transitional-provisions-part-xii/#respond Sat, 07 Jan 2017 10:37:20 +0000 https://taxclick.org/?p=3783 Transitional provisions for availing Cenvat credit in certain cases This provision has been added to as to provide for treatment of such cenvat which was reversed before the appointed day due to non-payment of consideration within a period of 3 months. This provision states that in such situation such credit can be reclaimed provided that ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-xii/feed/ 0 Transitional Provisions-Part-XI https://taxclick.org/type/gst/transitional-provisions-part-xi/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-xi https://taxclick.org/type/gst/transitional-provisions-part-xi/#respond Sat, 07 Jan 2017 10:32:26 +0000 https://taxclick.org/?p=3781 Taxability of supply of services in certain cases This is a newly added section to provide for taxation for such instances of service provision where the point of taxation was occurring before the appointed day. It states that in cases where the point of taxation lies before the appointed day then the tax will be ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-xi/feed/ 0 Transitional Provisions-Part-X https://taxclick.org/type/gst/transitional-provisions-part-x/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-x https://taxclick.org/type/gst/transitional-provisions-part-x/#respond Fri, 06 Jan 2017 06:17:42 +0000 https://taxclick.org/?p=3777 SECTION 182 CLAIM OF CENVAT CREDIT TO BE DISPOSED OF UNDER THE EARLIER LAW It is provided in sub-section (1) that every proceeding of appeal, revision, review or reference relating to a claim for CENVAT credit initiated whether before, on or after the appointed day, under the earlier law shall be disposed of in accordance ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-x/feed/ 0 Transitional Provisions-Part-IX https://taxclick.org/type/gst/transitional-provisions-part-ix/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-ix https://taxclick.org/type/gst/transitional-provisions-part-ix/#respond Fri, 06 Jan 2017 06:14:31 +0000 https://taxclick.org/?p=3775 Pending refund claims to be disposed of under earlier law. This section provides for the treatment of such refund claims which have been filed before the appointed day in respect of any tax, amount of cenvat credit, duty, tax or interest paid before the appointed day. It provides that all such claims will be disposed ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-ix/feed/ 0 Transitional Provisions-Part-VIII https://taxclick.org/type/gst/transitional-provisions-part-viii/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-viii https://taxclick.org/type/gst/transitional-provisions-part-viii/#respond Tue, 03 Jan 2017 08:24:42 +0000 https://taxclick.org/?p=3770 Section 175 – Inputs removed for job work and returned on or after the appointed day This section intends to enable the receipt of goods sent on job work before the appointed day but received back after the appointed day. Like the previous sections the time limit has been kept at 6 months from the ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-viii/feed/ 0 Transitional Provisions-Part-VII https://taxclick.org/type/gst/transitional-provisions-part-vii/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-vii https://taxclick.org/type/gst/transitional-provisions-part-vii/#respond Mon, 02 Jan 2017 09:32:08 +0000 https://taxclick.org/?p=3768 Sec 173 – Exempted goods returned to the place of business on or after the appointed day The section enables a taxable person to receive exempted goods (under the old law) which were removed/sold earlier and then received back within 6 months of the appointed date. This section has been kept similar to the previous ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-vii/feed/ 0 Transitional Provisions-Part-IV https://taxclick.org/type/gst/transitional-provisions-part-iv/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-iv https://taxclick.org/type/gst/transitional-provisions-part-iv/#respond Thu, 29 Dec 2016 12:01:00 +0000 https://taxclick.org/?p=3760 Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations This is a new provision added in the act aiming to cover such assessees who are engaged in manufacture of both taxable and exempted goods or are providing both taxable and exempted services. This provision reads ... Read more

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]]> https://taxclick.org/type/gst/transitional-provisions-part-iv/feed/ 0 Transitional Provisions-Part-III https://taxclick.org/type/gst/transitional-provisions-part-iii/?utm_source=rss&utm_medium=rss&utm_campaign=transitional-provisions-part-iii https://taxclick.org/type/gst/transitional-provisions-part-iii/#respond Wed, 28 Dec 2016 07:56:48 +0000 https://taxclick.org/?p=3744 Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations This provision intends to enable the taxable person to avail the cenvat of duties and taxes in respect of inputs held in stock subject to certain conditions. The provision reads as follows: (1) A registered taxable ... Read more

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