GST : WHAT IS IN STORE The GST Council has had six meetings so far. They plan big but perform short. On last three occasions, its meetings were scheduled for two days but concluded in just one day each. Their seriousness and lack of home work can be gauged from the very fact they have […]
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
CREDIT NOTE AND DEBIT NOTE UNDER GST Credit Note As per section 2(35) read with section 24(1) of model GST law, where a tax invoice has been issued for supply of any goods and/or services and the taxable value and/or tax charged in that a tax invoice is found to exceed the taxable value and/or […]
Taxability under GST for Inter State stock Transfer Presently inter state Stock transfers are not taxable under CST on submission of duly completed Form F. CBEC in their FAQ has clarified as under: Q 7. Are self-supplies taxable under GST?
How GST is pocket friendly for you GST council has agreed on rate structure as 0%, 5%, 12%, 18% and 28%. Having a slab rate structure in GST is departure from popular international practice of having one rate of tax for all goods and services.
GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28% “Tobacco will fetch 28% sin tax, excluding cess. Aerated drinks will also fetch tax at the same rate,” said Jaitley.