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Rule 32 of CGST Rule 2017. Determination of value in respect of certain supplies. – (1) Notwithstanding anything contained in the provisions of this...
Govt notifies revised criteria for classification of classification of micro, small and medium enterprises (MSME) with effect from 01.07.2020. New Definition of MSME is applicable...
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21...
Rule 31A of CGST Rule 2017: Value of supply in case of lottery, betting, gambling and horse racing (Chapter-IV: Determination of Value of Supply) (1) ...
Rule 31 of GST Rule 2017.Residual method for determination of value of supply of goods or services or both – Where the value of supply...
Summary of Rule 30 of GST Rule 2017: Value of supply of goods or services or both based on cost: Where the value of a...
Facility for registration of IRP/RPs made available on the GST Portal Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for...
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th May, 2020 INCOME-TAX G.S.R. 329(E).—In exercise of the powers...
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th May, 2020 G.S.R. 313(E).—In exercise of the powers conferred by sub-section (1) of section 467 of...
Any supply from Principal to an agent or otherwise will attract GST and thus either of the parties need to refer to these valuation rules...
Summary of Rule 28 of GST Rule 2017: Value of supply between distinct and related persons (excluding Agents) A person who is under influence of...
As a general principal, value of supply will be the amount of consideration received in money from the buyer. However, there can be cases when...
