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

Challenges for Small Business in GST

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 […]

Input tax credit with respect to Motor Vehicle

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 on Director’s Remuneration

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.