Goods and Services Tax - Page 5

Place of Supply of Services in India – Simplified

Article explains in a simple manner Place of supply of services where both - location of supplier & recipient - are in INDIA in tabular format....

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Role of Proper officer under various provision of CGST Act

This article lists out the multiple roles of proper officer under various provision of CGST Act...

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GST Impact on E-Commerce business operations

The article present the current issues faced by the Electronic Commerce (E -Commerce) industry along with the relevant Aspects of the GST Law which are likely to impact their business operations...

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GST 19th Council Meeting Summary

Over two weeks into the goods and services tax (GST) regime, the all powerful GST Council have met on Monday, July 17, 2017 to take stock of the implementation of the new indirect tax and GST tax rate on Cigarette....

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RCM Resulting in TDS Provision Under GST-Unconstitutional !

Majority of Business Expenses are liable for tax under Reverse Charge Mechanism (RCM) in GST. Even though liability to pay tax under RCM is in the hands of service receiver under GST, in practice such registered dealers are collecting tax from the service provider while making payments to them. ...

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Join Certification Course on GST (Impact, Planning & Implementation) by MSME

With immense pleasure, we would like to invite the readers of Taxguru for the certification course on GST by Ministry of Micro, Small & Medium Enterprises (MSME), Govt. of India, specially designed to cater the need of professionals and businesses at large....

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Cabinet approves CGST and IGST (Amendment) Bill, 2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2017. ...

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Confusion Over Export of Services without Payment of IGST

Nowadays there is confusion among exporters regarding applicability of GST. In Previous tax regime, exporters of Services were not required to submit any Bond or Letter of Undertaking before or after export of services. Further,exporters were not required to pay any Tax on such Export of Services before or after exports are affected and t...

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Health Care Services Exempt From GST But Not Truly

Health care services have been specifically kept out ride the scope of GST net. This is a fact and a perception too. These include services provided by medical establishments, clinics, medical practitioners, diagnostic centers etc....

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Legal Services continued to be governed by reverse charge mechanism in GST: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court)

On Further hearing in the case of J K Mittal & Company Vs. Union Of India & Ors. on 18th July 2017, Delhi High Court has held that till further orders, all legal services provided by advocates, law firms of advocates, or LLPs of advocates will be continued to be governed by the reverse charge […]...

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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.