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.
Benefits of GST to home buyers – In the next lifetime! The GST structure as it stands today shall only result in higher property costs for the home buyers. Non‑exclusion of land value from GST net, non-availability of ITC to developers and irrational Valuation Mechanism shall lead to such an anomaly.
GST IMPACT ON EDUCATION SECTOR Gst Impact on Education Sector in India is presently covered as one of the Government’s priorities and as such is allowed tax relief both in direct and indirect taxes. So far as indirect taxes are concerned, education is considered a service, and as such, it is subject to levy of […]