Beruflich Dokumente
Kultur Dokumente
T AND REGISTRATION
Content
Set off under present tax regime
CST paid to “origin” state “State Govt.” can not be set off w
ith any other taxes (CST or VAT)
Service Tax (‘ST’)
Basic rate - no education cess
SBC :15th Nov’2015 – Not set off
KKC : 1st June’ 2016 – Set off only to service provider
Input – any goods other than capital goods used in the course of f
urtherance of business
Input tax – CGST, SGST and IGST paid on any goods or services inclu
ding import of goods
Input Tax Credit - GST
Eligible Input tax credit as per GST Act
CGST / SGST / IGST / UGST charged on any supply of goods and ser
vices and includes:
Credit to be availed before the due date of filing return for September
following the end of financial year or filing of annual return
Input Tax Credit - GST
Input tax credit admissible only if engaged in taxable supplies
Credit not eligible after the expiry of one year from the dat
e of issue of tax invoice
GST - Issues impacting Set off