Goods and Services Tax - Page 4

UTGST exemption on tickets of FIFA under 17 World Cup 2017

Notification No. 25/2017-Union Territory Tax (Rate) (21/09/2017)

Notification No. 25/2017-Union Territory Tax (Rate)- Seeks to amend notification No. 12/2017-UTT(R) to exempt right to admission to the events organised under FIFA U-17 World Cup 2017....

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UTGST Rate on Works Contract Services provided to Govt. for non commercial purpose

Notification No. 24/2017-Union Territory Tax (Rate) (21/09/2017)

Notification No. 24/2017-Union Territory Tax (Rate) Seeks to amend notification No. 11/2017- UTT(R) to reduce CGST rate on specified supplies of Works Contract Services....

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Advisory Note for claiming credit in TRAN 1

It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration(s) under earlier law(s) of Central Excise, Service Tax and VAT. When these registrations are mentioned in the TRAN 1 form in different tables, and transitional credit is claimed against them, the tax payers get the me...

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Date for filing of original / revised TRAN 1 extended to 31.10.2017

Order No. 03/2017-GST (21/09/2017)

Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Central Goods and Services Tax Rules, 2017 till 31st October, 2017....

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Relief to taxpayers by Rajathan High Court from late fees and penalty on account of technical glitches on GSTN portal

Rajasthan Tax Consultants Association Vs. Union Of India And Ors (Rajasthan High Court)

माननीय राजस्थान उच्च न्यायालय की डिवीज़न बेंच के न्यायाधीशगण जस्टिस श्री के. एस झवेरी व जस्टिस श्री विजय कुमार व्यास द्वारा Rajasthan Tax C...

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GST TRAN – 1 Due Date Confusion / Conflict

GST TRAN-1 Actual due date was decided 28th Sept'17, on 09/09/2017 Press Release recommended date was 31st oct'17...

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Applicability of TDS under GST (Sec-51) WEF 18.09.2017

Like the Income Tax Act, 1961 the provisions for deduction of Tax at source by certain entities/person has also been enacted in GST Acts 2017. Initially, these provisions are for Government Department/establishment/ Agencies or local authorities etc. Section 51 of CGST Act deals with provisions of Tax deduction at source, payment of tax, ...

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GST: Transaction Value Vis-À-Vis Time of Supply of Special Charges

As per section 15 of The Central Goods and Service Tax Act, 2017, the value of supply of goods or service shall include interest or late fee or penalty for delayed payment of any consideration for any supply. ...

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Composition Scheme Under GST ACT (Section 10)

GST has become a great issue for small business men who used to get their simple VAT return filed in a quarter, but under this GST regime it is required to submit three returns per month. It’s something very unfair especially for the small retailers, which increases the accounting charges as well as professional fees […]...

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20 things you must know about E – Way Bills in GST

1) Who shall furnish details: Every registered person who causes movement of goods shall furnish information relating to the said goods in Part A of FORM GST EWB-01, electronically, on the common portal, before commencement of such movement....

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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.