Consideration received in Indian Rupees for export of service under GST

Consideration received in Indian Rupees for export of service under GST
One of the controversies or discrepancies attached with the Export of Service under the present taxation system for services is the receipt of consideration

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Latest Developments in GST Implementation

Latest Developments in GST Implementation
The GST Council meeting held on 3rd June, 2017 at New Delhi succeeded on completing the pending issues on the agenda which inter alia included fitment of rates on textiles,

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I­T department will probe cases of spike in income under revised returns

I­T department will probe cases of spike in income under revised returns
Those who showed a sudden spike in income when filing revised tax returns after demonetisation should now prepare themselves to face scrutiny.

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Auto majors take GST load off dealers, to absorb losses

Auto majors take GST load off dealers, to absorb losses
Leading brand of automobile companies including Maruti Suzuki, Bajaj Auto and Hyundai Motor India have agreed to absorb losses to dealers on inventories at their

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Here’s how you can draft a GST compliant invoice

Here’s how you can draft a GST compliant invoice
With GST, every invoice drafted would need to follow certain provisions and details. Some of it is new, and some basic, but what is clear that

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How self­employed professionals, entrepreneurs, SMEs can get ready for GST

How self­ employed professionals, entrepreneurs, SMEs can get ready for GST
Most businesses not ready for GST
31% need more time
38% completely ready
15% client not prepared
17% Somewhat prepared

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