This article discusses in detail about the concept of Mixed Supplies and Composite Supplies under GST. Let us first understand GST Tax rate Structure. The Indian GST tariff has multiple rates – to be precise eight:
I briefly mentioned the quarterly compliance applicable for every Private Limited Company and Public Limited company under Companies Act, 2013.
Limited Liability Partnership (LLP) Act came into force for most part, on 31st March, 2009 followed by its Rules on 1st April, 2009. It is an incorporated Partnership formed and registered under Limited Liability Partnership Act, 2008 with limited liability and perpetual succession. DEFINITION: LLP is a body corporate and legal entity separate from its […]
The last date of filing of GST Trans Form 1 is 30-9-2017 with to option to file at the earlier date also. S 140 to to 142 of the CGST Act and SGST Act covers the transition provision. As per these sections one thing is clear that GST TRANS form can be filled by only those assessee who is registered under GST as an regular assessee. So any assessee whether registered or not in earlier tax regime can still claim old credit as GST credit if they have opening stock as on 1-7-2017. This video goes into minute detail of TRANS form. Enjoy the video and leave your comments.
A a buyer registered in Andhra Pradesh receives GTA services from VRL Logistics which is registered in Telangana by way of Transportation of Goods from B who is a registered Dealer in Tamil Nadu. In this Case how the GST is paid under Reverse Charge Mechanism.
CONDONATION OF DELAY: Section 77 states It shall be the duty of every company creating a charge within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise, and situated in or outside India, to register the particulars of the charge signed by the company and the charge-holder […]
The newly launched digital campaign by Angel Broking for Investment Engine is known as ARQ powered by the Nobel Prize winning ‘Modern Portfolio Theory’.
Limited Liability Partnership (LLP) Act came into force for most part, on 31st March, 2009 followed by its Rules on 1st April, 2009. It is hybrid form which incorporates benefits of both partnership and companies. It has the following features: 1. Separate legal entity in the eyes of Law. 2. Cost of incorporation is very […]
After the recent announcement by the venerable Reserve Bank of India, about the consecutive 14 quarters fall of our nation’s GDP to 4.4% from a whopping 8.9%, it is time to think how are we going to protect ourselves financially from this economic harsh winter? Most Indians have never faced a harsh winter all their life as very few parts of this country actually have a harsh winter.
In the press release dated 19th August, 2017, the date for claiming transitional credit has been notified. If any registered person wants to claim transitional credit in the month of July, shall required to file FORM TRAN-1 and the last date to file the same is 28th August, 2017.
