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 charge where the tax payment is done to the government from the supplier itself. Before we…
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. However, since there is slight confusion in the treatment of these taxes, in this article we have…
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 supply of a good or service will become a very taxable event under the GST. In…
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 no movement of goods but the location of the recipient is considered to be the place…
Two states and entities are involved in the case of a bill to ship transactions model, a very common model observed these days. This means that the billing and the shipping are done separately. Therefore, to eliminate the cascading effect of taxation throughout the different levels of such a complex transaction, only the first sale…
Under the current indirect tax regime, any taxable service being provided or rendered is subject to payment of service tax. Service tax is levied centrally and thus is charged irrespective of whether the service has been provided on an intrastate or interstate basis. However, the GST regime has taken one step forward as the place…
An immovable property refers to a property that is attached to the earth and cannot be moved or uprooted from where it has been constructed for placing in another location, such as land and buildings. Under the current indirect tax regime, service tax is levied on a taxable service rendered in relation to immovable property,…
In this article, we aim to highlight how to ascertain the place of supply of specific services. We have provided a brief overview of the kind of specific services and provided an example to supplement the same as follows – Specific Service Recipient Place of Supply Illustration Restaurant and catering services N.A. At the location…