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 […]
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.
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 […]
Taxes over and above Goods and services tax Within a week of roll out of GST on July 1 2017, Maharashtra has raised the one-time registration tax on private two-and four-wheelers by 2%. Also, city corporations in Tamil Nadu have imposed 30% entertainment tax over and above the Goods and services tax rate levied on […]
Import Export code application under GST regime Introduction: This article discusses in detail about application for Import Export code application in GST . Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be […]
Step by Step Guide to file the Form GST TRAN-1 1. After login, select Services, then select Returns and click on Transition Forms. (Services >Returns > Transition Forms) GST TRAN-1 2. The tabs of transition forms TRAN 1/TRAN 2/TRAN 3 are visible in the top hand. By default tiles of Form TRAN-1 will be visible.