Composition Levy under GST Facts about Composition scheme under Good and Services Tax: Composition Levy successfully rolled out under the Goods and Services Act from July 2017 and also it tries to eliminate the cascading effects from Indirect taxes to pass the benefits to the ultimate consumers of Goods and Services.
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
ACCOUNTS AND RECORDS IN GST GST regime has just been implemented, hence it is upmost necessary to understand the provisions related to accounts and records by every registered persons. The relevant provisions of law in GST regarding Accounts and Records are detailed in Section 35 and Section 36 of Central Goods and Service Tax Act, […]
Returns to be filed in GST Under GST Regime different types of forms are provided to be filed under different dealers. A very easy and understandable chart is given here for better understanding.
Impact of GST on Rentals from Immovable Property Rental from Immovable Property in GST Regime Under GST Regime, ‘renting of immovable property’ is included in schedule II which defines it as the supply of services on which the GST rate is 18%. However Entry no. 12 of exemption Notification no. 12/2017 dated 28.06.2017 exempts the […]
Different invoices under GST 1. Invoices under GST: Issued by registered taxable person who is supplying taxable goods/services. A total of 3 copies are to be issued (original for recipient, duplicate for transporter, triplicate for supplier) i.e.in case of goods, either at the time of removal or when it becomes available to the recipient, and, […]