Goods and Services Tax - Page 30

Step by Step Guide on how to file the Form GST TRAN-1

Select the option Yes or No far Whether all the returns required under relevant earlier laws for the period of six months immediately preceding the appointed date have been furnished. Relevant tables will be visible in Form GST TRAN I, depending upon the option selected....

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Video : How and what to fill Table 5b and 5c of GST TRANS form

Table 5b and 5c of GST trans form shall be used by registered VAT dealer to convert their VAT into SGST. Table 5b requires the assessee to file all C Form, F Form and H / I Form which have been received by them. Table 5C requires the assessee to file only those statutory forms which have not been still received by them. If the for...

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Identifying dealers effecting sale of non-GST goods after 01/07/2017

Trade Circular No: 37T of 2017 (24/08/2017)

A dealer who continues to do business of selling the goods (after from 01 April 2017) mentioned in para 2/3 above, however, shall remain liable to pay tax under the MVAT Act, 2002 and the CST Act, 1956. Such dealers may include the dealers who are liable to pay tax under the MGST/CGST/IGST Acts brought in from forth 01/07/2017....

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CGST (Extension to Jammu and Kashmir) Act, 2017.

No. 26 OF 2017 (24/08/2017)

(1) This Act may be called the Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017. (2) It shall be deemed to have come into force on the 8th day of July, 2017....

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IGST (Extension to Jammu and Kashmir) Act, 2017

No. 27 OF 2017 (24/08/2017)

The Integrated Goods and Services Tax Act, 2017 and all rules, notifications, schemes and orders made thereunder by the Central Government are hereby extended to, and shall be in force in, the State of Jammu and Kashmir....

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Major technical snags observed on accessing GST Portal since many days Without any final outcome

Users are coming across many major technical snags on GSTN Portal while filing GSTR 3B. The issues are open since last 4-5 days and giving taxpayers as well as professional unnecessary trouble as there is no final response from GSTN....

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GST FAQs for Government / Other Line Departments & Local Authorities

ARE ALL SERVICES PROVIDED BY THE GOVERNMENT OR LOCAL AUTHORITY EXEMPTED FROM PAYMENT OF TAX ? No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services pr...

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How to adjust GSTR-3B tax liability with ITC available

Introduction:  This article discusses in detail about How to adjust GSTR-3B tax liability with ITC available. Query 1: Our as our GST portal account Credit Ledger shows balance of Rs. 13,22,658.00 for the month of July and the payable as per the Liability ledger for July shows  Rs. 6,06,618.00.   Hope we need not pay anything [&hellip...

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Checklist for Internal Audit of GST

GST is new for everyone. It came to effect from 1st July 2017. As the corporate industry has implemented GST in their business, audit for the same is a must. We here came up with some of the checklists for newly implemented GST....

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Steps to sign with DSC at GSTN Portal with Ease

This article contains suggestions by the writer to be followed to get rid of issues arising while using D.S.C. to sign at GSTN portal. (for users using Windows OS)...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.