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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
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
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
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
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
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
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
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
When 269ST will be applicable in Hindi
Lets have a glimpse of sec 269ST 1. किस पर लगेगा: अगर कोई व्यक्ति किसी अन्य व्यक्ति से 2 lakh से ज़्यादा पैसे प्राप्त करता है i.e. Cash a. एक दिन में एक person से b. एक transaction के लिए c. एक event या
Key changes in new ITR forms for AY 2017-18
The CBDT has notified new income-tax return forms (ITR forms) for the assessment year 2017-18. It has prescribed simplified version of ITR-1 with fewer columns. A new column has been inserted in ITR Forms to report cash deposits in banks above 2 lakhs during the