GST is payable by the person who consume goods and/or services but it is collected by the ‘taxable supplier’ who is supplying goods and/or service, however, there are some exceptions to this rule, where the liability to pay GST on a specified supply is on the recipient itself. The mechanism […]


In common parlance, Invoice indicates the amount receivable by the person issuing the invoice from the person to whom the invoice is issued. However invoice used under GST framework is tax invoice which contains statutory details as prescribed under CGST/SGST Act and Rules framed thereunder. Section 2(66) of CGST/SGST Acts, defines Invoice as a meaning assign to under section 31.

Refunds under GST

Under a Self-Assessment tax governance system, it is an obligation of a taxpayer to discharge its tax liability along with interest and penalties. In discharging of this obligation, several instances occur where the taxpayer deposits it tax in excess or avail its entitlement less. Under those circumstances, the, taxpayer is entitled to get refund of the amount of excess deposited to government exchequer.

Clay Idols are now Exempt from GST & List of indigenous handmade musical instruments recommended for NIL rate of GST

The GST Council has on its meeting held on 9th September 2017 exempted clay idols from the tax. It was also decided that “For artisans, artists, folk arts and tribal arts, no registration will be required up to Rs 20 lakh (turnover).

The GST Council has also recommended that following indigenous handmade musical instruments shall attract NIL rate of GST.