Tag Archives: GST

GST Impact on last Service Tax Return ST-03

GST Impact on last Service Tax Return ST-03
GST, the dream of Central Government will finally come true as GST Council has granted approval to CGST, IGST SGST, UTGST and Compensation law and these laws

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APPLICABILITY OF GST LAW ON EDUCATIONAL INSTITUTIONS

APPLICABILITY OF GST LAW ON EDUCATIONAL INSTITUTIONS
As per the present Service-tax law, all educational institutions are exempt from service-tax. In this regard, reference can be made to Notification on providing for exemption vide which

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AGRICULTURE UNDER GST – WHETHER TAXABLE

AGRICULTURE UNDER GST – WHETHER TAXABLE
The revised model GST law on GST (version-II) defines agriculture and agriculturist. The agriculture is out of scope of GST and agriculturist is not a taxable person.

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SUPPLY BY BANKS UNDER GST

SUPPLY BY BANKS UNDER GST
GST will be levied on supplies and not on sale or service. For the purpose of GST, supply shall include:
all forms of supply of goods and/or services prepared or

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CONFISCATION UNDER MODEL GST LAW

CONFISCATION UNDER MODEL GST LAW
In GST all the indirect taxes except customs are going to be subsumed. The Central Excise Act and State VAT Acts deals with the levy of tax on goods. Central

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General Impact of GST on Indian Business

General Impact  of GST on Indian Business
Various companies are rushing to merge their subsidiaries with themselves ahead of the implementation of Goods and Services Tax (GST) to reduce tax, operational and administrative costs and

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