Category Archives: General Awareness

No since it is also in relation to employment. As supported by CBEC education guide dated 20.06.2012.

No. As per section 170, tax payable/refundable to/by government is only required to be rounded off.

Yes. No exemption limit available.

No. Nowhere it is mentioned that it is always inter-state supply.

Yes. While sending inputs, it shall not be treated as supply to related person without consideration. However, job worker charges and goods if not received back should be properly valued as per valuation rules treating them as related persons.

X, a category of goods is made by P,Q and R. P & Q are purchased by supplier and R is supplied by recipient to supplier. This is not job work since job work is on goods belonging to another person. Whereas in this case P and Q are purchased… Continue reading →

No, since principal would be received goods back from job worker. Goods sent to job worker is not a taxable supply as there is no consideration involved. It is neither exempt supply nor non-taxable supply provided goods are received back within limitation period.

‘Compounding’ is essentially a compromise arrangement between authorities and person committing an offence. Compounding crime consists of receipt of some consideration (termed as compounding fees) in return for an agreement not to prosecute one who has committed an offence. Compounding results in acquittal.

Offences for the purpose of this article mean criminal offences. Proceedings in GST laws are in the nature of administrative enquiries. These are different from the proceedings in a criminal court where the enquiry is on the basis of evidence tendered on oath. Since tax penalties and prosecution are not… Continue reading →

‘Detention‘ means goods are temporarily detained by officers to check whether there is any violation of law. If there is any violation, goods are seized. Otherwise, goods are released. There is no documentary formality involved. ‘Seizure’ means goods are taken in custody by the department when there is a belief (though… Continue reading →