In GST the taxable person on the taxable supplies made shall charge CGST+SGST on Intra state supplies or IGST on Interstate supplies. The same is dependent on two major factors viz the place of registered person making the supplies the place of supply.
Complaint against Journalist Ms, Rana Ayyub under Section 3(r) and Section 3(u) of The Scheduled Castes and The Scheduled castes and The Scheduled Tribes (Prevention of Atrocities) Act, 1989 for insulting and humiliating Hon’ble Governor of Bihar and N.D.A.-Nominee for post of Hon’ble president of India Shri Ram Nath Kovind ji.
The applicability of various taxes (such as Excise, Custom, Service Tax, VAT and CST) in the present indirect tax system and in the coming GST regime has been explained through this article with the help of examples in each of the situations mentioned below:
With the introduction of GST there will be easy credit flow mechanism, input tax benefits and reduced tax rates on supply of some goods or services. This is what the prima facie picture looks like but the intent of the government is to pass on the benefit of the same to the ultimate consumer. So if you are benefited by GST you have to pass on the benefit by reduction in prices.
Credit cards have turned into an integral part of modern living as they facilitating making purchases and paying bills without carrying cash. They make life easy and help maintain a record of our expenses and help us dispute charges for undelivered and defective things.
As we will be part of the Historic change in the taxation structure of India which is moving from multiple taxes to one tax GST. Now as far as transition phase is concerned, there may be precautions to be observed by the registered persons as well as Professionals. On the basis of issues we have received, following is the list of FAQs on Transitional provisions of GST. The below given responses are in line with law as on 20th June 2017.
NCLT held that the principle of imposition of minimum penalty is non-mandatory in compounding of offenses cases, it is necessary to define and understand offense. The term offence has been defined by s 3(38) of General Clauses Act, as any act or omission made punishable by any law for the time being in force.
Kerala Goods and Services Tax Ordinance, 2017 to provide for levy and collection of tax on intra-State supply of goods or services or both by the State of Kerala.
This article deals with analyzing the insider trading regulations prevalent in India. A lot of material on insider trading regulations is already available on the internet. I have made a sincere effort to provide an insight on these regulations in a manner which can be digested easily, knowing however, that the reality is much more complex than what it seems.
RATES UNDER GST-: a. 3 % on all Interstate and Intra state Supply of Goods i.e. Polished Diamond b. 0.25 % on all Interstate and Intra state Supply of Goods i.e. Rough Diamond
