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Role of AS-7 for GST angle, Goods and Services Tax - GST |
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Role of AS-7 for GST angle |
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Sir/madam What is the role of AS-7 for the purpose of GST duty angle? Which information is concern to GST purpose and what is the method of calculation for GST angle? Is it helpful for the quantification of GST? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
For the purpose of calculating GST the valuation provisions would be relevant and when GST has to be paid , the time of supply provisions will be relevant. accounting standards will not be of relevance.
Dear Querist, There are two case laws (pertaining to pre-GST era) which talk of how AS-7 can be useful in various ways regarding correct and proper payment of GST. These are worth reading. Page: 1 Old Query - New Comments are closed. |
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