Topic Name – Can a transaction in which any one or more of the above criteria is not fulfilled, be still considered as supply under GST?   Under certain circumstances such as import of services for a consideration whether or not in the course or furtherance of business (Section 3(1) (b)) or supplies made without […]

Topic Name – What are the necessary elements that constitute supply under CGST/SGST Act?   In order to constitute a ‘supply’, the following elements are required to be satisfied, i.e.- (i) the activity involves supply of goods or services or both; (ii) the supply is for a consideration unless otherwise specifically provided for; (iii) the […]

Topic Name – What is a taxable supply?   A ‘taxable supply’ means a supply of goods or services or both which is chargeable to goods and services tax under the GST Act.                   About Bihar Tax Consultant – Bihar Tax Consultant is among the best and […]

Topic Name – What is the scope of ‘supply’ under the GST law?   The term ‘supply’ is wide in its import covers all forms of supply of goods or services or both that includes sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a […]

Topic Name – What is the taxable event under GST?   The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business. The taxable events under the existing indirect tax laws such as manufacture, sale, or provision of services shall stand […]

Topic Name – Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled?   Yes, as per Section 29(5) of the CGST/SGST Act, every registered taxable person whose registration is cancelled shall pay an amount, by way of debit in the electronic cash ledger, equivalent to the credit of […]

Topic Name – Can cancellation of registration order be revoked?   Yes, but only in cases where the initial cancellation has been done by the proper officer suo moto, and not on the request of the taxable person or his legal heirs. A person whose registration has been cancelled suo moto can apply to the […]

Topic Name – What is the process of refusal of registration? In case registration is refused, the applicant will be informed about the reasons for such refusal through a speaking order. The applicant shall have the right to appeal against the decision of the Authority. As per sub-section (2) of section 26 of the CGST […]

Topic Name – What will be the time of response by the applicant if any query is raised in the online application?   If during the process of verification, one of the tax authorities raises some query or notices some error, the same shall be communicated to the applicant and to the other tax authority […]

Topic Name – What will be the time limit for the decision on the on line registration application?   If the information and the uploaded documents are found in order, the State and the Central authorities shall have to respond to the application within three common working days. If they communicate any deficiency or discrepancy […]