https://www.taxtmi.com/news?id=20111 Banks, insurers and stock brokers must follow GST rules on registration, place of business and time of supply: ATMs and third party service points are not places of business; transitional taxation for services up to 30 June 2017 depends on invoice/payment dates; invoices for pre July supplies issued after 1 July 2017 attract GST unless advance payment fixed the earlier tax point. Consolidated invoicing and non serial documents are permitted with identification numbers; self invoices and payment vouchers are required where recipient is liable. ITC may be apportioned via ISD, the 50% optional restriction applies per registration, reversals for capital goods are proportional to credit availed, and securities/interest represented transactions are generally exempt while fees and charges remain taxable. en-us Mon, 04 Jun 2018 15:29:47 +0530 Tue, 05 Jun 2018 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20111 Banks, insurers and stock brokers must follow GST rules on registration, place of business and time of supply: ATMs and third party service points are not places of business; transitional taxation for services up to 30 June 2017 depends on invoice/payment dates; invoices for pre July supplies issued after 1 July 2017 attract GST unless advance payment fixed the earlier tax point. Consolidated invoicing and non serial documents are permitted with identification numbers; self invoices and payment vouchers are required where recipient is liable. ITC may be apportioned via ISD, the 50% optional restriction applies per registration, reversals for capital goods are proportional to credit availed, and securities/interest represented transactions are generally exempt while fees and charges remain taxable. News - Mon, 04 Jun 2018 15:29:47 +0530 https://www.taxtmi.com/news?id=20111