Basics of Non Government Organisations Across the world, governments are largely choosing the role of welfare state, i.e. taking case of the well-being of the people at large. Government, with limited resources and limited functionaries, cannot reach the people in every nook and concern of the society.
How GST is pocket friendly for you GST council has agreed on rate structure as 0%, 5%, 12%, 18% and 28%. Having a slab rate structure in GST is departure from popular international practice of having one rate of tax for all goods and services.
GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28% “Tobacco will fetch 28% sin tax, excluding cess. Aerated drinks will also fetch tax at the same rate,” said Jaitley.
Point of taxation under reverse charge Rule 7: Point of Taxation Rules, 2011 Notwithstanding anything contained in rules 3,4, or 8, the point of taxation in respect of the persons required to pay tax as recipients of service under the rules made in this regard in respect of services notified under sub-section (2) of section […]
Formats of invoice issued under GST regime Invoicing under the GST regime will be BEGINNING OF “PAPERLESS TRANSACTIONS ERA” in this respect we should know the exact format of the invoice that will be put to use after April 2017. Government is striving hard to make it to the date.