Government Construction Contracts under GST 1. The standard rate of tax for composite supply of Construction Contracts under GST and also construction services is 9% CGST + 9% SGST and 18% IGST
Category Archives: Goods and services Tax
Goods and services Tax
Goods and services Tax is applied by Indian government as one nation one tax
“GST” Was Apply by the Government to benefited to Business Man.
Before Implementation of GST Various Indirect taxes like service tax,Sales tax,and Excise duty was applicable in india .
In Above all indirect tax cenvat credits i.e. input tax credits on purchase/services received was adjusting with outward sales and outward services given .
For smooth running of this system the Indian Government also implemented this by discontinue of above mentioned tax,
In This Section we try to clarify regarding GST Refunds,GST Returns,GST Circulars,GST Notifications,GST Forms.
Steps to download and Fill Worksheets GSTR 4 Offline Tool Step by step guideline for taxpayers to fill worksheets using GSTR 4 Offline Tool 1) Enter the relevant details in each worksheet of the downloaded excel file as applicable (except Inward stipples from registered taxpayers, and amendment tables).
Form GSTR-2 – Taxpayers,check the details of purchases All the taxpayers are going to furnish the Form GSTR–2 for July month. So what is exactly Form GSTR–2? Form GSTR-2 is the details of inward supplies of goods or services which is to be furnished by registered taxpayer on a monthly basis. The GSTR-2 would be […]
GST ON SOCIETY CHARGES GST Update on “society charges” collected by builder:- A builder is supposed to collect an amount for repairs and maintenance of flats. This collection is being kept in a separate account dedicated for the purpose. Until the residential housing society is formed, the expenses for repairs and maintenance of flats are […]
Impact of GST on the Gold Jewelry Industry The GST on the Gold Jewelry Industry has been fixed at the rate of 3% of its sale value. Though this is slightly more than the tax attracted by gold earlier, it is less than the 5% rate that was being anticipated initially and is likely to […]