Dealers can start filing July returns on GSTN from August 5 The first tax returns under the new Goods and Services Tax (GST) regime can be filed from Saturday and the facility will remain open till August 20.
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.
Composition Levy under GST Facts about Composition scheme under Good and Services Tax: Composition Levy successfully rolled out under the Goods and Services Act from July 2017 and also it tries to eliminate the cascading effects from Indirect taxes to pass the benefits to the ultimate consumers of Goods and Services.
ACCOUNTS AND RECORDS IN GST GST regime has just been implemented, hence it is upmost necessary to understand the provisions related to accounts and records by every registered persons. The relevant provisions of law in GST regarding Accounts and Records are detailed in Section 35 and Section 36 of Central Goods and Service Tax Act, […]
Returns to be filed in GST Under GST Regime different types of forms are provided to be filed under different dealers. A very easy and understandable chart is given here for better understanding.
Impact of GST on Rentals from Immovable Property Rental from Immovable Property in GST Regime Under GST Regime, ‘renting of immovable property’ is included in schedule II which defines it as the supply of services on which the GST rate is 18%. However Entry no. 12 of exemption Notification no. 12/2017 dated 28.06.2017 exempts the […]