Sponsored
    Follow Us:

Ca Bhinang Tejani

Latest Posts by Ca Bhinang Tejani

Reverse Charge in GST regime

July 8, 2017 11817 Views 6 comments Print

Generally GST is payable by taxable person who supplies goods or gives service or both- Section 9(1) of CGST Act & Section 5(1) of IGST Act. However there are few exceptions to this aka, GST payable by recipient of Goods or Service or both- Section 9(3) or 9(4) of CGST Act or Section 5(3) or 5(4) of IGST Act. This means that receiver of goods/service will discharge the duty of GST payment of supplier of goods/service.

Input Tax Credit on Stock of Goods held on 30.06.2017 & Anti-Profiteering Measures

July 7, 2017 13833 Views 2 comments Print

It is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer as an anti-profiteering measure.

Composition Scheme in Central Goods & Service Tax Act (CGST Act)

July 6, 2017 4635 Views 0 comment Print

Section 10 of CGST act provides for a simplified composition scheme. This composition scheme would be available for business units whose aggregate turnover of supply of goods in a financial year does not exceed Rs. 75 lakhs. (GST Council meeting on 11-06-2017).

Sponsored
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031