GST Provisions on Information Technology Sector It is said that uncertainty in law is the greatest tyranny. Software or Information Technology sector has been struggling with uncertainty in taxation matters for long. Firstly an issue was raised whether software is a goods or service. The issue was always contentious. Other issue was raised as to […]
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.
Free Samples & Promotional Items under GST with examples INPUT TAX CREDIT ON FREE SAMPLES Section 16(1) of the CGST ACT Provides that every registered person entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used,in the course […]
RCM applicable on import of “Goods” After a deep interpretation of GST Law, I am of opinion that import of ‘goods’ will be taxed under RCM u/s 5(4) of IGST. There were many different views on whether import of ‘goods’ will attract RCM or not. Unlike import of service which is EXCLUSIVELY provided in act […]
GST: What to do now and how to do ? India is going to implement GST from 1st July, 2017. Everyone is confusing what to do now and how to do. In this regards, at this moment the most important things are .What to do the stock which is held on 30th June 2017
How to shift to the GST framework online Those who have been registered under service tax are required to move to the GST framework and get their registration process completed under GST. This process can be carried out online provided all the required documents are in place.