Switching over from composition scheme to normal dealer – Switching over from composition scheme to normal dealer is explained in this article. It may so happen that a dealer is covered under Composition Scheme under present laws either Excise or VAT. That person may switch
GST and GST Model Law- Download the PPT by CA Juhin Ajmera This is presentation by CA Juhin Ajmera GST and GST Model Law. It covers the basic definitions and concepts in GST.
Q 1. What is job-work in GST? Ans. Section 2(62) of the MGL provides that “job-work” means undertaking any treatment or process by a person on goods belonging to another registered taxable person and the expression “job-worker” shall be construed accordingly. This definition is much
GST Along with Bankruptcy Law – The government has been trying to implement two significant economic schemes before the end of 2017 fiscal year namely Bankruptcy law and even more crucial economic reform of Goods and Services Tax. The association has remarked several points regarding
What is the four tier GST structure? The GST Council has proposed a four-tier GST structure starting from 6 percent, two standard rates at 12 and 18 percent and the highest one at 26 percent with a further cess for luxury and demerit goods like
GST Council is formed without having constitution power– All the provisions of The Constitution (101st Amendment) Act, 2016 comes into effect from 16/09/2016. Section 1 is also effective w.e.f. 16/09/16, which gives power to the Central Government to issue notification for effecting the various provisions
The following invoice level information:- 1) Invoices pertaining to B2B transactions. 2) Invoices pertaining to B2C transactions (Inter-State)& Intra State 3) Invoices pertaining to exempted including Nil rated supply. 4) Invoices pertaining to Export and deemed export supply. 5) Credit Note/Debit Note 6) Post Sales
In this post we will cover the provisions for refund of IGST for: Export of Goods Export of services Deemed Exports
A brief discussion on restructuring of loans – Debt restructuring is a method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantages. Sometimes, there may arise circumstances when a borrower may not be
