Goods and Services Tax - Page 5

Tax Incidence on Entertainment Services under GST

Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under GST except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality....

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Documents for Supply of Goods – GST

GST is going to be reality with effect from 1st July, 2017 as per the statements issued by Government of India on day to day basis. First and foremost document that is required to be generated after implementation of GST is Invoice because supply cannot be stopped as it may involve additional cost by way of late delivery charges....

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Simplifying the GSTIN data collection

One of the most important tasks in getting prepared for GST is updating the vendor and the customer master with their GST registration number. This is a big task for many large companies which have thousands or even tens of thousands of records to update....

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Online Certification Course Jointly by GST Professionals &

Click here to join Online GST Certification Course Jointly by GST Professionals & It gives us immense pleasure to inform you that GST Professionals and are jointly hosting “Online Certification Course on GST” across India for the benefit of professionals and stakeholders at large. As the implementat...

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Amendments in Second schedule appended to Delhi Value Added Tax Act, 2004

Notification No. F. 3(6)/Fin.(Rev-I)/2017-18/DS-VI/255 (19/05/2017)

Sale of Aviation Turbine Fuel to the Civil Aviation Operators, who have opted to operate under Regional Connectivity Scheme - UDAN for the flights on RCS routes (involving Delhi) between an identified pair of origin and destination airports/helipad within India subject to applicability and fulfillment of all conditions of the Regional Con...

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Countdown to implement GST begun: CBEC Chairman

D.O.No.09/CH(EC)/2017 (20/05/2017)

As you all are aware the GST Council had a two day meeting on 18thand 19th of May and approved seven Rules and related formats and also the chapter wise and rate wise GST schedule for goods and services as well as the GST Compensation Cess rates. ...

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GST: Place of Supply in Simple Tabular Manner with Examples

Destination based taxation is a system wherein revenue from tax relating to goods or services accrues to the jurisdiction where they are being ultimately consumed. It is also called consumption tax....

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Job Work Provisions Under GST

Click here to join Online GST Certification Course Jointly by GST Professionals & S. N. Panigrahi The concept of Job Work is very much integral to most of industrial activities that constitute outsourcing of some or all the activities to a third party. Thus job work means any person who undertakes any activity or […]...

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Indian Goods and Services Tax (‘GST’) vis-a-vis GCC Value Added Tax (‘VAT’) – A Perspective & Learnings

Professionals who started their career in the Indirect tax space some 10- 15 years back in Asia would have never thought the kind of adrenaline rush, anxiety and tremendous professional growth opportunities they will experience in the coming years. ...

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How GST Will Impact Education Sector

All forms of supply of services in relation to Education sector shall not be liable to GST as decided by the GST Council. IGST shall be levied on inter-state supplies whereas CGST & SGST/ UTGST shall be levied on intra – state / union territory supplies. Education shall be exempt from GST in terms of GST law while commercial coaching an...

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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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