GST on Works Contract, Construction and Real Estate Transactions, 2019
GST on Works Contract, Construction and Real Estate Transactions, 2019
- Brand : Tax Publisher
- Product Code : VBH000145
- Availability : 1
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Rs810.00
- Ex Tax :Rs810.00
Contents
| PART I--GST BASICS CONCEPTS |
1. | Overview of GST |
| What is Goods and Services Tax? |
| Central taxes subsumed within GST |
| State taxes subsumed within GST |
| Taxes and levies not subsumed within GST |
| Goods not chargeable to GST |
| Structure of GST regime |
| Taxable event |
| IGST is leviable on inter-State supplies of goods or services |
| Goods--Meaning |
| Actionable claim--Meaning and scope |
| Services--Meaning |
| Money is regarded neither goods nor service |
--Money--Definition | |
| --Illustrations of transaction in money |
| --Investment of funds is a transaction in money |
| --Sale, purchase, acquisition or assignment of secured debt are transactions in money |
| --Service by way of remittance of foreign currency in India from overseas |
| Activities not constituting transaction in money |
| --Activity relating to use of money or its conversion |
| --Making of draft or pay order by bank |
| --Debt collection services or credit control service |
| Securities are regarded neither as goods nor service |
| --Meaning of securities |
| --Implications of inclusion of 'securities' in definition of goods |
| --Priority Sector Lending Certificates are not securities |
| --Buying or selling of mutual funds or debentures is transaction in securities |
| --Taxability of entry and exit load charged by mutual funds |
| --Fund management activity by AMC |
| --Securities include derivatives |
| --Transactions in interest rate swaps and foreign exchange swaps |
| Transactions in repos and reverse repos |
| --Meaning of repos |
| --Meaning of reverse repos |
| --Taxability of repos and reverse repos |
| Subscription to or trading in Commercial Paper (CP) or Certificates of Deposit (CD) |
| --What are CPs or CDs? |
| --Taxability of subscription to or trading in CPs or CDs |
| --Service charges or service fees is taxable |
| Forward contracts in commodities and currencies |
| --Nature of forward contracts |
| --Taxability of forward contracts |
| --Service charges or service fees are taxable |
| Future contracts |
| Inter-State supply |
| Supply of goods in the course of inter-State trade or commerce |
| Supply of goods imported into territory of India |
| Supply of services in the course of inter-State trade or commerce |
| Location of recipient of services |
| Location of supplier of services |
| Fixed establishment |
| Inter-state movement of various modes of conveyance, carrying goods or passengers for repairs and maintenance--Taxability of |
| Supply of goods or services outside India |
| Supplies in territorial waters |
| Classification of goods and services |
| Import of goods or services |
| Export of goods or services |
| Services provided to SEZ developer of SEZ unit |
| Rates of GST |
| Input tax credit |
2. | Levy and Collection of Tax |
| Power to levy GST |
| Legislative scheme of levy of GST |
| Levy of Central Goods and Services Tax |
| Rates of Central Goods and Services Tax |
| Levy of State Goods and Services Tax |
| Levy of Union Territory Goods and Services Tax |
| Levy of Integrated Goods and Services Tax |
| Taxable event under GST regimes |
| Taxability of supplies made without consideration |
| Giving away essential commodities by a charitable institution--Taxability |
| Tax is payable by a taxable person |
| Person--Meaning |
| Person having more than one registration--Effect of |
| Different establishments of a person |
| Levy of tax on reverse charge basis under section 9(3) |
| Levy of tax on reverse charge basis under section 9(4) [Position upto 31-1-2019] |
| Levy of tax on reverse charge basis under section 9(4) [Position w.e.f. 1-2-2019] |
3. | Meaning and Scope of Supply |
| Taxable event under GST |
| Services--Meaning |
| Meaning and scope of supply |
| Import of services for any purpose is regarded as supply |
| Import of goods is not supply under GST |
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