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. 

Imported goods may turn costlier Under GST

Imported goods may turn costlier Under GST Consumer durable like smart phones that are imported could see a temporary hike in prices as India transitions to the GST that’s set to be rolled out from July 1. That’s because the benefit of the special credit transfer scheme has been restricted to manufacturers.

Consideration received in Indian Rupees for export of service under GST

Consideration received in Indian Rupees for export of service under GST One of the controversies or discrepancies attached with the Export of Service under the present taxation system for services is the receipt of consideration or payment in Indian Rupees . This article tries to put light on the ‘Status Quo’ and the effect under […]