The point of taxation mechanism is used to ascertain the exact point in time when a tax liability arises on a good or service, and the point therefore when the tax liability is required to be paid, either by...
Previously, we have discussed time of supply for goods regards the forward charge mechanism; here we place focus on the reverse charge mechanism to determine the time of supply of goods. Firstly, it is imperative to understand that service...
Service tax is currently applicable under the current indirect tax regime upon provision of taxable services. The point of taxation helps in ascertaining when the service tax is actually payable to the central government by the recipient or the...
Under the reverse charge mechanism, the time of supply for services is determined by payment of tax credit of the government from the recipient of the services or the buyer of the services – this is different from forward...
Electronic commerce, also known as e-commerce, has transformed business in India altogether. The e-commerce industry in India is impacted by several taxes as each state has its own rules pertaining to taxation on goods and services supplied through e-commerce....
Currently, taxes are imposed on taxable services such as manufacture, provision of services, sale of goods etc. Under the GST regime, all of this will be replaced by the concept of supply. In other words, the understanding place of...
We have previously discussed situations where the place of supply is determined based on no movement of goods. In this article, we aim to discuss the place of supply with movement of goods taking place. Scenario 1 Tech Cart...
In this article, we aim to identify the place of supply without movement of goods. Place of supply is the location of the goods at the time of delivery to the recipient To understand a situation where there is...