Goods and Services Tax - Page 30

Tax liability on AC Restaurants under GST regime

As per clause 6(b) of Schedule II, Restaurant services are specified as composite supply and have been defined as follows:- Supply by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink...

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The Nagaland Goods and Services Tax Act, 2017

The Nagaland Goods and Services Tax Act, 2017 An ACT to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Nagaland and the matters connected therewith or incidental thereto...

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Service Tax Exemption vs GST exemptions

Article Compares Tax Exemption under Service Tax Regime and under GST Regimes. Article discusses exemption which was there in Service Tax Regime but been deleted under GST Regime and also the exemptions which were not there in Service tax Regime but been added in GST regime.  Service Tax exemptions which has been segregated in multiple [...

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Madhya Pradesh Goods and Services Tax Act, 2017

ACT No. 19 OF 2017 (12/06/2017)

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Madhya Pradesh and the matters connected therewith or incidental thereto...

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Conditions to get Entitlement of Input Tax Credit under GST

You can be entitled for Input Tax Credit if you satisfy the below mentioned conditions: To get the benefits of ITC, you must satisfy the following conditions:...

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IGST exemption to SEZs on import of Services by a unit/developer in an SEZ

Notification No. 18/2017 -Integrated Tax (Rate) (05/07/2017)

Central Government hereby exempts services imported by a unit or a developer in the Special Economic Zone for authorized operations, from the whole of the integrated tax leviable thereon under section 5 of the Integrated Goods and Service Tax Act, 2017 (13 of 2017)....

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Rescinding N/No. 15/2017-Integrated Tax (Rate) dated 30.06.2017

Notification No. 17/2017 -Integrated Tax (Rate) (05/07/2017)

Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds, except as respects things done or omitted to be done before such rescission, the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 15/2017- Integrated Tax (Rate), dated the 30th June, ...

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Proper officer relating to provisions other than Registration and Composition under CGST Act, 2017–Reg.

Circular No. 3/3/2017 - GST (05/07/2017)

CBEC hereby assigns the officers mentioned in Column (2) of the Table below, functions as proper officers in relation to the various sections of Central Goods and Services Tax Act, 2017 or rules made there under given in corresponding entry in Column (3) of said Table:-...

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A simple and comprehensive study on GST

What is a GST actually?? GST is a short form from words Goods and Services Tax. It also can be known as a multi-stage consumption tax on goods and services. This kind of tax covering all sectors of the economy including export and import activities except goods and services which are categorized under zero rated supply and exempt supply o...

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Free Samples & Promotional Items under GST

Section 16(1) of the CGST ACT Provides that every registered person entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used, in the course of furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person....

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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.