Second day of GST council meeting was fruitful for faster roll out. Some decisions on major issues were taken. Council has agreed to keep the single interaction point for taxpayer. -All existing taxpayers registered under service tax will be assessed by the center whereas new
On second day of the GST Council meeting, Finance Minister Arun Jaitley while addressing media said following: – Exemption threshold for GST has been fixed at Rs. 20 lakhs, while threshold in North-East States has been set at Rs. 10 lakhs. – Players with annual
A relief for the taxpayers as GST council has finalized the threshold limit of Rs. 20 Lakh. As per GST model law liability to pay tax under GST will arise only if aggregate turnover of Supplier exceeds Rs. 10 lakh. For north eastern states including
ROLLOUT. Day 1 of GST Council meeting took place on Thursday. Keeping April 1, 2017 deadline in mind, Centre and State have agreed on a timetable to decide tax rate, complete legislative work and close difference of opinion on exemptions, threshold etc. Few key issues
National Academy of Customs, Excise & Narcotics (NACEN), the apex training institute has been mandated to impart training and capacity building to Central & State Government employees. This FAQ has been prepared as part of the capacity building program to help officers, trade & public to
Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of February. ???????????????????? CA JAIN ALOK 9899259011 NIRC Member
1) At present, invoices or bills of sale etc. can be issued inclusive of tax in certain cases, whereas it is mandatory to indicate the tax charged in the GST regime. 2) Revised invoice shall be raised by the registered taxable person against the invoice
This presentation is made by CA Navneet Kumar Gupta . A renowned practicing CA analysing the provisions of registration under GST regime.
Time of supply is POT in GST regime which has replaced the all other POT in different Laws. In case of service tax taxpayer face a problem in past when there is change in tax rate. In GST regime the Law has specifically provided for
