Explore the vital aspects of maintaining records and accounts under the GST Act 2017. Understand legal mandates, compliance, and strategies for efficient record-keeping
Explore the comprehensive guide to Job Work Compliance under GST, covering the meaning of job work, examples, procedure, rates, and crucial insights. Understand the GST implications for job work with detailed analysis and practical examples.
TREATMENT UNDER GST IN CASE OF AMALGAMATION AND MERGER Section 87 of CGST Act, 2017 Liability to pay taxes in case of Amalgamation or Demerger Section 87(1) :- If 2 or more companies are amalgamated or merged in pursuance of the order of the Court or tribunal or otherwise and the order of amalgamation or […]
Frequently Asked Questions related to Aadhar Authentication of Applicant for GST Registration as notified by Central Board of Indirect Taxes and Customs vide Notification No 62/2020 – Central Tax dated 20th August, 2020 Question 1:- Whether Rule 8(4A) of CGST Rules, 2017 applies on Persons referred u/s 25(6d) of CGST Act, 2017? Answer 1:- No, […]
ADVANCE RULING – Section 97 to 104 of Central Goods & Services Tax Act, 2017. Applicant: – Person registered or desired to be registered in the act. Section 97 Application for Advance Ruling Applicant sends the application in the form of GST ARA-01 along with the prescribe fees(Rs.5000) in the prescribed manner to Advance Ruling […]
CASUAL TAXABLE PERSON DEFINITION OF CASUAL TAXABLE PERSON U/S 2(20) OF CGST ACT 2017 Casual Taxable person means:- (1) Undertakes transactions occasionally; (2) Involving supply of taxable goods or services or both; (3) In the course or furtherance of business; (4) Whether as principal, agent or in any other capacity; (5) In a state or […]
Tax Deducted at Source Section 51 of CGST Act (1) As per section 51 of the CGST Act Tds will be deducted by the deductor (person who is the recipient of goods or services or both) while paying or credited the amount to the deductee ( person who is supplying the goods or services or […]
