Business Law

1. Introduction 1.1. Purpose and Definition of Assessment under GST The Central Goods and Services Tax (CGST) Act, 2017, establishes a comprehensive framework for the levy and collection of tax on intra-State supplies of goods or services or both. A critical component of this framework is the process of ‘assessment’, which, as defined under Section […]

I. Introduction The Central Goods and Services Tax (CGST) Act, 2017, establishes a comprehensive framework for the levy and collection of tax on intra-State supplies of goods or services or both. Integral to this framework is a structured mechanism for dispute resolution, primarily through a multi-tiered appellate process. This process provides recourse for taxpayers and

I. The Composition Levy Scheme: An Overview A. Defining the Composition Levy under Section 10, CGST Act Section 10 of the Central Goods and Services Tax (CGST) Act, 2017, introduces the Composition Levy, an alternative method for levying Goods and Services Tax (GST).1 It is designed as an optional scheme for eligible registered persons, primarily

I. Introduction: Overview of the Composition Levy Section 10 of the Central Goods and Services Tax (CGST) Act, 2017, introduces the Composition Levy, a simplified alternative taxation mechanism designed primarily for small taxpayers within the Goods and Services Tax (GST) framework. The legislative intent behind this scheme is to ease the compliance burden and reduce

Table of Contents I. Introduction II. Analysis of Section 7 – The Foundation of Supply A. Section 7(1)(a): The Core Definition – Supply for Consideration in Course/Furtherance of Business B. Section 7(1)(aa): Supplies between Associations/Clubs and Members C. Section 7(1)(b): Import of Services for Consideration D. Section 7(1)(c): Deemed Supply – Activities in Schedule I