Rajya Sabha passes all four GST Bills without amendments
By: – Bimal jain
Goods and Services Tax – GST
Dated:- 8-4-2017
Dear Professional Colleague,
Rajya Sabha passes all four GST Bills without amendments
On Thursday i.e. April 6, 2017, the Rajya Sabha has passed four supplementary GST legislations without amendments by a voice vote as all parties were on board. The four Bills are as under:
* The Central Goods and Services Tax Bill, 2017
* The Integrated Goods and Services Tax Bill, 2017
* The Goods and Services Tax (Compensation to States) Bill, 2017 and
* The Union Territory Goods and Services Tax Bill, 2017.
This step would be setting the stage for the Government to rollout the landmark Goods and Services Tax
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SUBRAMANIAN IYER as =
Is it now necessary to issue C forms for the inter-state purchases under GST??
Dated: 10-4-2017
Reply By JAIPRAKASH RUIA as =
Dear Bimal Ji,
CGST Act section 15, subsection 2, clause b read as under :
(b) any amount that the supplier is liable to pay in relation to such supply but which has been incurred by the recipient of the supply and not included in the price actually paid or payable for the goods or services or both;
Dear Sir,
Whether value of free supply of material by recipient of services will be includible under the new Act considering the above or still there is ambiguity as earlier in service tax and the matter is in court.
Thanks
Jaiprakash Ruia
Dated: 10-4-2017
Reply By JAIPRAKASH RUIA as =
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r Sir,
What is the significance of using the Word plant and machinery in clause c and plant or machinery in clause d.
Whether it is clear now that input tax credit of construction material like steel and cement used for construction of plant in the course or furtherance of business is available to the assesse.
Whether input tax credit of any type of construction work (service) and material used for repairing ( not capitalized) of plant in the course or furtherance of business is available to the assesse.
Sir, you are highly learned person in this regard and hope to receive the guidance.
Thanks
Jaiprakash Ruia
Dated: 10-4-2017
Reply By JAIPRAKASH RUIA as =
Dear Bimal Ji
Input credit section clauses read as under :
Provided
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