In our previous blog, we have discussed the ‘Time of Supply under GST’, wherein we explained that for the purpose of discharging GST liability, it is imperative to understand and know the date on which the tax liability arises. The same way, to determine the right tax to be charged on the invoice, understanding the … Continue reading PLACE OF SUPPLY IN GST

Every fiscal statue contains provision for determining the value, as tax is normally payable on ad-valorem basis (i.e., based on assessed value). Under the GST ambit as well, tax is payable on ad-valorem basis i.e., applicable rate is charged on value of the supply of goods or services.  Section 15 of the CGST Act, 2017 … Continue reading VALUATION UNDER GST