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Updated Schedule III of CGST Act: items out of GST
Schedule III of CGST Act Schedule III of CGST Act contains the items which are neither a supply of goods nor services. This schedule is the part of definition of Supply. SCHEDULE III [Section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS
Schedule II of CGST Act: Deemed goods/services
Schedule II of CGST Act: Deemed goods/services Section 7 of CGST Act defining the word supply. This term is the taxable event in GST. Schedule II of CGST Act is the part of Supply itself. SCHEDULE II of CGST Act [Section 7] ACTIVITIES TO BE
Schedule I of CGST Act no consideration supply
Schedule I of CGST Act Definition of supply refer the schedule I for supply even without consideration. Here we have provided the Schedule I of CGST Act. SCHEDULE I [Section 7] ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1. Permanent transfer
Download GST Rules & Bills as passed by parliament
Download GST Rules & Bills as passed by parliament CGST Act is the law passed by the parliament of India for CGST. This tax will levy on all intrastate transactions along with SGST/UTGST. States will pass their respective SGST Act. IGST Act is the law
Credit of excise duty to traders under GST on opening stock
Credit of excise duty to traders under GST on opening stock This is a long awaited provision. Traders have excise duty component in their stock. But they dont have any proof of that excise duty.Credit of excise duty to traders under GST on opening stock
Revised GST return rules issued by CBEC
Revised GST return rules issued by CBEC Revised GST return rules issued by CBEC. These rules contains the important provisions related to returns in GST. Returns are one of the most important compliance in GST. Thus to comprehend in GST detail knowledge of return provisions
Forms for composition dealer in GST
Various forms for composition dealer in GST Here we have summarized the Various forms for composition dealer in GST. Rules for composition scheme are released by GSTIN. Composition scheme is for the small traders having a turnover of upto Rs. 50 Lac.Although newly passed CGST Act
GST ComplianceGST Valuation rules flowchart
GST Valuation rules flowchart GST valuation rules are recently released. In this article we have prepared GST valuation rules flow chart. These rules are helpful in deciding the value of a supply. GST levy refers the section 15 for valuation and in normal cases the
GST invoice for export of goods and / or services
How to create a GST invoice for export of goods and/or services The invoice rules are released. These rules contains all the relevant provisions related to invoice in GST. These rules also have list of items to be mentioned in GST tax invoice. Format of
Format of tax invoice in GST
Format of tax invoice in GST Here we have uploaded the Format of tax invoice in GST. Tax invoice rules are already in public domain.This tax invoice will be issued by all suppliers in GST. It will have 16 items which we have covered in
16 items a tax invoice in GST should have
16 items a tax invoice in GST should have Rules for invoice are issued by the GSTIN. Format for a tax invoice in GST is also available here. Subject to rule 54, a tax invoice in GST referred to in section 31 shall be issued
Tax Invoice for ISD in GST
Tax Invoice for ISD in GST Rules for invoice are issues by the government. An ISD is required to distribute the credit to its branches in different states.A Tax Invoice for ISD or, as the case may be, an ISD credit note issued by an