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. 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
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 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
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 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 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 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
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 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
