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Goods and Services Tax : Advance Ruling Maharashtra clarifies that technical consultancy services for MJP's water projects are taxable under GST at 18% if ...
Goods and Services Tax : CBIC details the implementation of new Section 128A of CGST Act, allowing waivers for interest and penalties on demands from 2017-...
Goods and Services Tax : Explore the implications of Rule 96(10) of CGST on IGST refunds for exporters and recent legal developments....
Goods and Services Tax : Explore the implications of claiming ITC under the wrong head in GST, potential solutions, and relevant court rulings to address s...
Goods and Services Tax : Learn about the GST Amnesty Scheme 2024, offering waiver on interest and penalty for tax periods from July 2017 to March 2020 unde...
Goods and Services Tax : Mumbai court sentences former CGST Superintendent and his wife to 2-4 years in prison for possessing disproportionate assets. Tota...
Goods and Services Tax : AGFTC and ITBA urge the issuance of standardized guidelines for GST adjudication to enhance clarity, reduce litigation, and ensure...
Goods and Services Tax : The Second National Conference of GST Enforcement Chiefs focused on addressing fake registrations and enhancing compliance through...
Goods and Services Tax : CGST Thane invites EOIs for empanelment of Chartered and Cost Accountants for GST special audits. Submit by October 27, 2024....
Goods and Services Tax : Biometric-based Aadhaar authentication and document verification for GST registration in Kerala, Nagaland, and Telangana began on ...
Goods and Services Tax : Vide the present petition, the petitioner has challenged the order passed by the Appellate Authority, whereby the order of cancell...
Goods and Services Tax : On various occasions, this Court has held that if excess stock is found, then proceedings under sections 73/74 of the GST Act shou...
Goods and Services Tax : Madras High Court held that passing of ex-parte order and confirming demand with regard to mismatch of tax liability set aside wit...
Goods and Services Tax : Delhi HC quashes Sales Tax Officer's 2024 order related to tax period 2018-19, citing overlap with prior 2021 decision, and grants...
Goods and Services Tax : Future Consumer Ltd. petitioned Madhya Pradesh HC, challenging a GST order without appeal. The court dismissed the petition, highl...
Goods and Services Tax : GSTN introduces Form DRC-03A to streamline demand payment adjustments. Taxpayers can now link DRC-03 payments with outstanding dem...
Goods and Services Tax : From April 1, 2025, taxpayers with AATO of ₹10 crores must report e-invoices within 30 days on the IRP portal....
Goods and Services Tax : New guidelines mandate virtual personal hearings under CGST and Customs Acts, with physical hearings allowed only upon request, ef...
Goods and Services Tax : CBIC highlights GST collection, solar lighting initiative in Haryana, and new guidelines for fair customs investigations. Diwali w...
Goods and Services Tax : October 2024 GST revenue report shows 8.9% growth in gross collections, led by increased domestic revenue. View detailed gross and...
Bill of Supply format under GST in Excel Format as applicable from 01st July 2017
In GST works contract has been shrinked to Only on immovable properties and covered as supply of services. Now for construction services rates are important to understand.
Punjab government can’t exempt the inputs to langar on its own. It has to put up the matter in GST Council and if council agrees and recommend the same to the Parliament and subsequently if the Parliament approve such scheme of exemption, only than it can be possible.
The main point is that if supplier and the recipient of the supply are related and price is not the sole consideration for the supply then the said section shall not be applied to determine the value of taxable supply.
GST is a comprehensive Value Added Tax on Goods and Services. It is collected on value added at each stage of sale and purchase in the supply chain without state boundaries. The proposed GST is a destination based indirect tax that will be levied on supply of Goods and Services
Conceptually GST is destination/consumption based tax i.e. person consuming the service/goods shall bear the burden of such tax and that revenue shall go to the corresponding state but no provision express this concept/ philosophy. However same was inherent and more adequately embodied in the provisions of Place of supply (POS).
It has been about three weeks since India’s landmark GST (Goods and Service Tax) became operational on July 1, 2017. Its impact on the overall economy business, households, and the government organizations is expected to be multi -faceted, and will be felt by different sectors over differing time periods in a dynamic and non-linear pattern.
The Attached book on GST Explains in simple language in Hindi the provisions related to Importance of GST and Benefits, Taxes to be subsumed in GST, Migration related provisions, GST Registration, Composition Levy, GST Return, Input Tax Credit, Payment of GST, GST Assessment, GST Refund, GST Appeal, GST Transitional Provisions and GST Helpdesk.
Attached file explains about Tax Invoice, Credit Note and Debit Note in Hindi under the New GST Regime as applicable from 1st July 2017. Book further Explains about what Tax Invoice should contain, time limit to issue Tax Invoice, How to issue Invoice, Bill of Supply, Receipt Voucher, Refund Voucher, Payment Voucher, Revised Tax Invoice, […]
1. What is GSTR-1? GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. 2. Who is required to file the GSTR-1? Every registered taxable person, other than […]
