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The Government is in the process of constituting the Authority. It would be notified soon. |
Representation
can be submitted to the sectoral working groups. |
Person,
selling to you, would have purchased his products/inputs from some supplier.
That supplier while filing his outward supply details (GSTR1) will quote the
GSTIN of the your seller. And he will have to accept the same in his
GSTR2.Therfore the system captures the data of your seller. Action can be
subsequently taken in case of evasion of tax. |
One
has to see the conditions given in entry 4 of Schedule II of the CGST Act,
2017. If it is a supply as per this entry, it is taxable. |
Yes,Since the stock brokers are engaged in the business of supplying the stock broking service, appropriate GST is payable on the same. |
Sr.
No. 7 of notification No. 13/2017-Central Tax (Rate), dated 28th June, 2017
as amended covers supplies received from Insurance Agents and provides for
the Insurance Company to pay GST on such supplies under Section 9(3) of the
CGST Act, 2017. In such cases, the insurance company may issue agent-wise
consolidated invoice at the end of the month for the supply of services
received during the month. |
No,The
amounts paid from the Non-Resident External Accounts are paid in Indian
Rupees and are not received in convertible foreign exchange. Therefore, the
conditions for export of services as provided under section 2(6) of IGST Act,
2017 are not satisfied. Life Insurance services in such cases would be
treated as inter-State supplies and subject to GST. |