Sales Return in GST Act I. Statutory Provisions of Sales Return in GST Act Under Section 142(1) States that Where any goods on which duty, if any, had been paid under the existing law at the time of removal thereof, not being earlier than six months prior to the appointed day, are returned to any place […]
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
GST on property: Things you should know Being pegged as a revolutionary tax reform since Independence, the Goods and Services Tax (GST) is likely to eliminate the complex and ambiguous tax structure plaguing the country currently. To bridge the gap between the government, developers and consumers, Magicbricks orgainsed an event ‘Real Estate – The RERA […]
GST Rate Finder App launched to check the new rate on your purchase on the go The government on Friday launched an app called GST Rate Finder App which as the name suggests, is your ready reckoner for all the tax rates that are to be levied under the GST (Goods and Services Tax) regime.
Treatment of Free supply under GST Provisions Free supply under GST by any supplier is a legitimate business strategy. New products cannot be introduced in the market without cajoling consumers to try the new product. In pharma sectors free samples of medicines are distributed. In consumer goods sector, free supply along with some other item […]
GST Provisions on Information Technology Sector It is said that uncertainty in law is the greatest tyranny. Software or Information Technology sector has been struggling with uncertainty in taxation matters for long. Firstly an issue was raised whether software is a goods or service. The issue was always contentious. Other issue was raised as to […]