Challenges for Small Business in GST Now taxpayer started to clear gist of GST. The primary pre- requisite for smooth implementation of GST is the understanding provisions of law so that to do the business smoothly which is still at nascent stage specifically for small taxpayer. Small Business in GST are yet to prepare for […]
Tag Archives: GST
Goods and Services Tax i.e.GST is just the replacement of Indirect taxes like Sales tax,Service tax and Excise duty.which indirectly effect the customers
Searches surveys under GST by Tax officials In its attempt to bring more companies under the goods and services tax (GST) umbrella, the tax department is planning to conduct Searches surveys under GST across the country.
Input tax credit with respect to Motor Vehicle Section 17 of the Central Goods and Service Tax (CGST) Act deals with Apportionment of credit and blocked credits, wherein Clause (5) of the said Section provides for restriction of credit of Input tax credit with respect to Motor Vehicle. It is pertinent to note that section 17(5) […]
GST council may keep tax load on cars below 50 per cent GST Council is likely to keep the overall tax incidence on motor vehicles below 50 per cent at its meeting in Hyderabad on Saturday, a move that could rein in price increases.
GST on Director’s Remuneration Introduction: This article discusses in detail about GST on Director’s Remuneration on Services of director i.e. sitting fees, commission etc. Taxability The government has power u/s 9(3) of CGST Act & u/s 5(3) of IGST Act, to notify the levy of GST on RCM basis on goods or services.