A very detailed discussion of GST Circulars issued on 31.12.2024 | GST Circular No 240 and GST Circular No 241
Whether electronic commerce operator, required to pay tax under section 9(5) of CGST Act, is liable to reverse proportionate input tax credit on his inputs and input services to the extent of supplies made under section 9(5) of the CGST Act.
3.1 From a plain reading of the clause (b) of sub-section (2) of section 16 of the CGST
Act, it is quite apparent that there is no reference of any particular place where goods are
required to be “received” by the registered person. This is in contrast to the erstwhile Central
Excise regime, where the provisions contemplated physical receipt of the goods at the factory
of the manufacturer for taking CENVAT credit on the said goods. In most of the State VAT
Acts, the provisions related to credit of the input tax did not have any explicit mention of
physical receipt of goods at any particular place and input tax credit was allowed on purchase
of goods.
👉 Join Tax By KK to watch premium GST updates / GST Course / Customs Act / Income Tax course : [ Ссылка ]
I am CS Kaushal Kumar Agrawal founder of TaxByKK.com and Serving GST Practitioners
👉 We proudly serve GST Practitioners through these GST products
1. Basic to Super Advanced GST Course for GST practitioners
2. Basic to Advanced GST refund and IGST live course on zoom
3. GST on Real Estate live course on zoom
4. Basic to advanced GST Course Live on zoom
5. Premium Life time GST Gold membership plan for GST Professionals
6. Basic to Advanced GST Law book
7. Handling GST Notices alongwith GST replies book
8. GST Excel Tool for apportionment of ITC as per Rule 42 and 43 of CGST Rules
___________________________________
👉 ABOUT CS K K AGRAWAL
GST Expert | GST Consultant | Trainer | Speaker | Faculty
CS Kaushal Agrawal is a highly experienced practicing Company Secretary and GST consultant, trainer, speaker, and author with over two decades of industry expertise. His comprehensive knowledge base and skillset enable him to work on tax matters, tax strategy formulation, tax implementation, tax audits, and tax advisory. He also has extensive experience in handling tax notices and appeals.
He is a highly sought-after speaker and trainer. He has conducted seminars amongst chartered accountants and lawyers in numerous places, and he extends his heartfelt gratitude to all those who invited him, and for the positive feedback from participants for his practical and interactive presentation style.
He is a renowned author, with numerous works on taxation under his belt. Working with Puneet Agrawal, he co-authored the book Sabka Vishwas, published by Taxmann.
To broaden and share his expertise with GST professionals, he has launched a website, TaxByKK.com where anyone can find all the vital information about GST. He has also created a YouTube channel, TaxByKK, to help GST practitioners further hone their GST knowledge.
He cordially invites all GST practitioners to join him for an informative and comprehensive exploration of GST, in discovering the intricacies of the GST structure and learn the very minute detail of GST.
___________________________________
Enjoy & stay connected with us!
👉 Join Tax By KK to watch premium GST updates: [ Ссылка ]
👉 Website: TaxByKK.com
👉 E Mail: contact@taxbykk.com
👉 Connect us on LinkedIn: [ Ссылка ]
👉 Join our What's app community: [ Ссылка ]
