Key Areas of Reports Prepared by Software for Filing Returns Filing of numerous returns in the GST regime will be a boredom task which will be essential for claiming input tax credit because credit availment requires matching of outward supplies of the supplier and inward purchases of the purchaser on online portal.Software for Filing Returns
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
Place of supply of goods or services Continuing with the discussion, today we shall discuss the changes made in the section 10. It is newly added clause in the draft GST law for determining place of supply of services where location of service provider or the location of service receiver is outside India.
IMPACT OF GST ON AUTOMOBILE DEALERS GST ON AUTOMOBILE DEALERS basically comprises of Manufacturers, Automobile Dealers & Retailers. Presently, all of them are paying various indirect taxes such as:
Reversal of credit on exempted services before 30th June Mechanism of availing Reversal of credit credit in case of manufacturers or service providers having both taxable and non-taxable activities has been subject to litigation. Lot of developments have happened in Rule 6 of Cenvat credit Rules 2004 in specifying the mechanism for availing the credits.
TYPES OF ‘SUPPLY’ UNDER ‘GST’ REGIME Section 66B of the Finance Act, 1994 provides that there shall be levied a tax at the rate of fourteen per cent. on the value of all services, other than those services specified in the negative list, provided or agreed to be provided in the taxable territory by one […]