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 Electronics is a registered computer parts dealer in Mumbai, Maharashtra. It supplies 20 computers and laptops…
Tax laws applicable to our country prescribe duties to be charged on goods and services on their import and export. Under the erstwhile/current indirect tax regime, excise tax, service tax, customs duty, VAT are all charges on the tax treatment of imports and exports. Under the GST regime, all these taxes have been subsumed into…
Under the GST, the Composition scheme has been rolled out which provides a much easier and simpler method of compliance for small dealers. The GST Composition Levy Scheme is considered to be highly convenient for small dealers as they are equipped to pay taxes only at a certain percentage of the turnover, file quarterly returns…