The most controversial topic in GST in India Is about the GST Credit and Debit notes. Who shall issue credit or debit note and when shall it be issued and time limit for issuing such documents. Before answering all these we have to understand the meaning of Credit and Debit notes.The thumb rule is GST […]
The President of India has given his consent to the Finance Bill 2019 on 01.08.2019 and the same has been enacted as The Finance Act No 02 of 2019.. Provisions of CGST has been amended. The amendment act has done various major changes in existing GST Provisions . Some of the important GST Amendment includes […]
BLOCKED CREDITS IN GST U/S 17(5) OF GST ACT (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—(A) further supply of such motor vehicles; or(B) transportation of passengers; or(C) imparting training on […]