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.
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.
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 […]
Different invoices under GST 1. Invoices under GST: Issued by registered taxable person who is supplying taxable goods/services. A total of 3 copies are to be issued (original for recipient, duplicate for transporter, triplicate for supplier) i.e.in case of goods, either at the time of removal or when it becomes available to the recipient, and, […]
Sales Return in GST Act I. Statutory Provisions of Sales Return in GST Act Under Section 142(1) States that Where any goods on which duty, if any, had been paid under the existing law at the time of removal thereof, not being earlier than six months prior to the appointed day, are returned to any place […]
GST on property: Things you should know Being pegged as a revolutionary tax reform since Independence, the Goods and Services Tax (GST) is likely to eliminate the complex and ambiguous tax structure plaguing the country currently. To bridge the gap between the government, developers and consumers, Magicbricks orgainsed an event ‘Real Estate – The RERA […]