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Provisions of Supply in GST
Supply in GST: Composite Supply ,Mixed Supply and Principal Supply Three new types of Supply have been introduced in the India’s CGST Act i.e. Composite Supply; Mixed Supply and Principal Supply. Here we will explain the provisions for Supply in GST. Section 2
Transportation of goods without invoice in GST
Transportation of goods without invoice in GST Important rules for the transportation of goods without invoice in GST are given in rules. There rules are issued by government. (1) For the purposes of (a) supply of liquid gas where the quantity at the time of
Value of supply of services in case of pure agent
Pure agent in GST GST valuation rules released by government covering the important provisions of GST. The expenditure or costs incurred by the supplier as a pure agent of the recipient of supply of services shall be excluded from the value of supply. Thus you
Challenges before the GST council
1.We all know maximum GST rate pegged at 40 percent? Will it be used? 2.Sin Goods or demerit goods i.e. tobacco; aerated water, luxury cars etc. will attract the highest GST rate and with Cess. Further most of such goods will not enjoy ITC
Tax rates in GST composition levy
Tax rates in GST composition levy Rules for composition levy are released by Government of India. These rules provide for the various relevant provisions in composition levy.Here we have compiled the tax rates in GST composition levy.Composition levy is for small businesses. If your turnover
GST Implementation and Compliance
GST Implementation and Compliances – Are you ready 1st July or 1st September 2017 – India’s GST is now a certainty. But are the stake holders ready; their IT systems ready and above all have all the stake holders including the Central Government and State
Revised GST registration rules released
GST registration rules Revised registration rules are released by the GSTIN. These rules to be read with the relevant provisions given in GST Act. Major provisions given here are: Application for registration Verification of the application and approval Issue of registration certificate Separate registration for
Revised GST refund rules released
GST refund rules Revised GST refund rules are released by the GSTIN. Major provisions given in these rules are: Application for refund of tax, interest, penalty, fees or any other amount Acknowledgement Grant of provisional refund Order sanctioning refund Credit of the amount of rejected
Revised GST payment rules released
GST payment rules Revised GST payment rules are released by GSTIN. These rules contains the provisions related to payment in GST. Following major provisions are given in these rules Electronic Tax Liability Register The electronic tax liability register specified under sub-section (7) of section 49
Revised GST invoice rules released
GST invoice rules released GST invoice rules are released. These rules contains the major provisions related to the invoice, debit notes and credit notes. Major provisions covered are given below. PDF of these rules is also given above. Tax invoice: Containing the major items to
GST transition rules released
GST transition rules GST transition rules have been released by GSTIN. These rules contains the provisions related to transition.Major heads covered in these rules are. Application in respect of tax or duty credit carried forward under any existing law or on goods held in stock
GST rules released by GSTIN
GST rules related to composition, valuation, transition, ITC are released. Also the revised rules for Invoice,payment,refund, registration and return are also released. All of those rules are attached here. Composition rules Valuation rules Transition rules ITC rules Revised invoice rules Revised payment rules Revised refund