Learn about GST registration in India, who must register, and key rules like turnover thresholds, compulsory registration, and exemptions for businesses under the GST Act.
Self-assessment under the Goods and Services Tax (GST) regime is a key feature that empowers taxpayers to assess their tax liabilities and file returns independently. It is a shift from the pre-GST era where assessments were largely conducted by tax authorities.
Reverse Charge Mechanism (RCM) in GST is a system where the recipient of goods or services is liable to pay the tax instead of the supplier. A supplier cannot take the GST paid under the RCM as ITC. The recipient can avail of ITC on GST amount paid under RCM on receipt of goods or services, […]
Discover the intricacies of Place of Supply (POS) in GST. Learn how POS impacts taxation in domestic and international transactions under India’s GST regime.
Explore the detailed analysis of Time of Supply (TOS) provisions under GST, including the point of taxation for goods and services.
Delve into the nuances of GST inspection and search procedures, exploring their distinctions, legal requisites, and implications for taxpayers and authorities.
Learn about the rights and duties of taxpayers when receiving summons under GST. Understand how to deal with these summonses and protect your interests.
A new historical development in Tax regime; especially in Indirect Taxes evolves on 1st July 2017 in the shape of Goods and Service Tax (GST) after number of Constitutional & legislative changes and various Central and State Level Indirect Taxes are merged into a single regime, which is known globally as VAT (Value Added Tax). As […]
Merchandise Exports from India Scheme is popularly known as MEIS Scheme. MEIS is a duty scrip given as a reward by the government to an exporter of goods. The value of the scrips is ranging from 2% to 5% of the FOB value of goods exported.
Introduction Enacted laws, especially the modern acts and rules, are drafted by legal experts and it could be expected that the language used will leave little room for interpretation or construction. But the experience of all those who have to bear and share the task of application of the law has been different. It is […]
