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Who is an Input Service Distributor?

Who is an Input Service Distributor?

Topic Name – Who is an Input Service Distributor? ISD stands for Input Service Distributor and has been defined under Section 2(61) of the CGST/SGST Act. It is basically an office meant to receive tax invoices towards receipt of input services and further distribute the credit to supplier units (having the same PAN) proportionately   […]

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Is there any Advance tax to be paid by a Casual Taxable Person and Non-resident Taxable Person at the time of obtaining registration under this Special Category?

Is there any Advance tax to be paid by a Casual  Taxable Person and Non-resident Taxable Person  at the time of obtaining registration under this  Special Category?

Topic Name -Is there any Advance tax to be paid by a Casual Taxable Person and Non-resident Taxable Person at the time of obtaining registration under this Special Category?   Yes. While a normal taxable person does not have to make any advance deposit of tax to obtain registration, a casual taxable person or a […]

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What is the validity period of the Registration certificate issued to a Casual Taxable Person and non- Resident Taxable person?

What is the validity period of the Registration certificate issued to a Casual Taxable Person and non- Resident Taxable person?

Topic Name -What is the validity period of the Registration certificate issued to a Casual Taxable Person and non- Resident Taxable person?   In terms of Section 27(1) read with proviso thereto, the certificate of registration issued to a “casual taxable person” or a “non-resident taxable person” shall be valid for a period specified in […]

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Who is a Non-resident Taxable Person?

Who is a Non-resident Taxable Person?

Topic Name -Who is a Non-resident Taxable Person?   In terms of Section 2(77) of the CGST/SGST Act, a non resident taxable person means any person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity, but who has no fixed place of business or […]

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