PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - MODEL IGST LAW - Draft The Integrated Goods and Services Tax Act, 2016 - [November 2016]
PRINCIPLES FOR DETERMINING SUPPLY OF GOODS AND/OR SERVICES IN THE COURSE OF INTER - STATE TRADE OR COMMERCE - MODEL IGST LAW - Draft The Integrated Goods and Services Tax Act, 2016 - [November 2016]
Import of services taxable under the Act from the appointed day, with relief where tax was already paid. Importation of services and inter State supplies made on or after the appointed day are taxable under this Act regardless of prior initiation; full prior ... Summary
Import of services taxable under the Act from the appointed day, with relief where tax was already paid.
Importation of services and inter State supplies made on or after the appointed day are taxable under this Act regardless of prior initiation; full prior tax paid under the earlier law extinguishes further liability, while partial prior payment requires payment of the balance. A transaction is deemed initiated before the appointed day if the invoice or any payment was received or made before that day.
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