Goods and Services Tax - Page 10

MEIS Scheme being re-designed to make exports GST compliant

Merchandise Exports from India Scheme being re-designed to make exports GST- compliant; working capital needs under new tax regime being deliberated upon ...

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GST: Input Tax Credit Eligibility and Conditions

For all business entities; Input Tax Credit, its availment and use is a key focus area. It is because the amount of Input Credit available is equivalent to hard cash. ...

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Focus Areas of Reports Generated by Software for Filing Returns

Since the assessee has the option to take single registration for business verticals within a State, it will be imperative for the assessee to resort to centralised billing mechanism. For ensuring that there is no duplicacy in issuance of invoices by more than one units in the same State, policy of generation of alphanumeric bills can be ...

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GST: Provide building wise data of formations & Sanctioned Strength

Notification No. F.No:IV.(24)/35/2016-Systems (27/04/2017)

After the GST reorganization, several changes will take place in the location of Commissionerates, Divisions and Ranges. For augmentation of hardware, the building wise data of the list of formations housed in that building and the sanctioned strength of various cadres is required....

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Types of Returns under GST

There are multiple returns under the GST regime. The most common used return will be GSTR 1, 2 ,3, 4 & 9. GSTR 1, GSTR 2 & GSTR 3 will be submitted by all businesses on a monthly basis. GSTR 4 is submitted on a quarterly basis and GSTR 9 on an Annual Basis....

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Features of GSTR3 and Filing of Monthly Return under GST

Every registered taxable business is required to furnish details of Inward and Outward Supply and make payment of GST in monthly GSTR-3 Return. Taxable person who opted for compounding scheme u/s 8 of GST Act shall require to furnish a return for each quarter or part thereof, electronically, in GSTR-3, within eighteen days after the end o...

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जी.एस.टी. (आपके सवाल और उनके जवाब)

जी.एस.टी. को लेकर हमने जो हिन्दी में आपको लेख भेजे और इसके अतिरिक्त हमने जो ऑडियो सीरिज प्रारम्भ की है उसके बाद हैं कई सवाल प्राप्त ...

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Notification on revised MVAT Rate on Petrol / Diesel wef 17.05.2017

Notification No. VAT 1517/C.R.69 /Taxation-1 (16/05/2017)

Government of Maharashtra, hereby amends SCHEDULE 'D' appended to the said Act, with effect from the 17th May, 2017, as follows, namely :—...

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Himachal Pradesh Value Added Tax (Fifth Amendment) Rules, 2017

Notification No. EXN-F-(10)-15/2016 (29/04/2017)

In Rule 50 of the Himachal Pradesh Value Added Tax Rules 2005, in sub- rule (3) and in para No. 6 of the application Form L- 2 for the words twenty five, the word thirty, shall be constituted...

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SC Upheld validity of MVAT (Levy, Amendment and Validation) Act, 2009

Eurotex Industries and Exports Limited Vs State of Maharashtra & Anr. (Supreme Court of India)

SC upheld constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the Maharashtra Value Added Tax Act, 2002 (MVAT Act) with retrospective effect from April 01, 2005. ...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.

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