GST on Director’s Remuneration Introduction: This article discusses in detail about GST on Director’s Remuneration on Services of director i.e. sitting fees, commission etc. Taxability The government has power u/s 9(3) of CGST Act & u/s 5(3) of IGST Act, to notify the levy of GST on RCM basis on goods or services.
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.
How to resolve errors made in GSTR 3B? Introduction: This article discusses in detail about solutions to resolve errors made in GSTR-3B. A lot of doubts are being raised about errors or mistakes made by the taxpayers in filling of GSTR-3B return. As GSTR 3B cannot be revised, it makes the taxpayers worried about the […]
Goods and services tax on Government Contracts Government contracts has assumed great importance in the modern times with Government working on major projects either by way of public private partnerships or through technically and professionally qualified contractors in Goods and services tax.
Some important notes before finalising TRAN-1 Some useful points before finalizing TRAN-1 (practical point of view)- 1) Rule 117 (1) – “Provided further that where the inputs have been received from an Export Oriented Unit or a unit located in Electronic Hardware Technology Park, the credit shall be allowed to the extent as provided in […]
GST – Exclusion of Value of Land in Residential Complex The transactions in immovable property have been a hotbed of disputes in VAT as well as Service tax. In GST also there does not seem to be end to confusion. Across India different practices of selling of apartments. In some parts of India only 1 […]