GST _ When Applicable _ Sec.9
by TR Srinivasan
1. Business
2. Paid by Taxable Person
2.1. Supplier _ Goods > Rs.40 Lakhs, Others > Rs.20 Lakhs in a FY
2.2. In Few Situations _ Recipient is liable to pay GST (Notified Goods and Services) _ RCM
2.3. for Services, Ecommerce Opertor is liable _ Oyo, Housejoy, Ola / Uber _ ECO
3. Paid on Value - Price
3.1. If Free = No GST
3.2. GST = Price x GST Rate
3.3. Price Charged + All Other Taxes + All Charges recovered - Discount - Subsidies from Govt
4. GST Rates
4.1. Taxable Goods _ 1/2017, 2/2017; Services _ 11/2017, 12/2017
4.2. Exempted Goods
4.3. Zero Rated Goods
5. Supply _ Sec.7
5.1. D E L L T B R S
5.1.1. Bundle of Supplies
5.1.1.1. Composite
5.1.1.1.1. Usually given together
5.1.1.2. Mixed
5.1.1.2.1. Usually not given together + One Price only
5.1.1.3. Independent
5.1.1.3.1. Other than Composite and Mixed
5.2. Import of Services / Goods
5.3. Specific Exclusions
5.3.1. Employee Services
5.3.2. MP / MLA Services
5.3.3. Foreign Diplomat Services
5.3.4. Court / Tribunal Services
5.3.5. Sale of Land and completed building
5.3.6. Funeral Services
5.3.7. High Sea Sales
6. Goods & Services _ Sec.2
6.1. Movable / Others / List
7. When we have to pay
7.1. Goods
7.1.1. within 20 days from the month of raising invoice
7.2. Services
7.2.1. within 20 days from the month of raising invoice or receipt of payment (Earlier)