What went up, what went down after GST The Goods and Services Tax (GST) has moved closer to the July 1 2017 deadline as the government of India finalised tax rates for goods and services. here is the list of the goods and services those will become cheaper or costlier after GST comes in 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.
Guide to GST rates in India The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies. The government has kept a large number of items under GST rates in India 18% tax slab. The government categorised 1211 […]
Key Areas of Reports Prepared by Software for Filing Returns Filing of numerous returns in the GST regime will be a boredom task which will be essential for claiming input tax credit because credit availment requires matching of outward supplies of the supplier and inward purchases of the purchaser on online portal.Software for Filing Returns
Definition First and second stage dealer in GST We are continuing our discussion on the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law:- Section 2(46): First Stage Dealer: The new definition reads as follows: First Stage Dealer […]
EXEMPTION FROM GST There is no separate meaning for goods or service under GST . Section 3 defines the term ‘supply’meaning of Supply is same in both of the goods and service. The provisions of Finance Act, 1994 and Central Excise Act, 1944 and State Value Added Tax laws give powers to the respective Government […]