Goods and Services Tax - Page 5

Recent Controversy over date of filing of form GST TRAN-1

Form GST TRAN-1 has been the subject matter of all the controversies from the beginning of transition into GST. A contrast between recent notifications and the GST council decision have made it more controversial and created a panic in the minds of taxpayers and consultants....

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JSON file errors and Possible suggestions/Actions to be taken….

Filing GST returns…?? As all GST returns have to be filed online only using either offline GST return tool or punching online on portal, it have all possibilities to get error if you have selected to upload the return using offline GST return tool using either Excel template or CSV files....

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RCM Expenses List under GST

Articles Compiles list of 84 types of expenses on which we have discussed if GST is applicable or not and if applicable what will be rate of GST and Eligibility for Input Credit- Sr. No Nature of Expense Rate of Tax Whether registered  supplier will levy tax Reverse Charge (If supply is unregistered) Whether Eligible […]...

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All about Composition Levy under GST

GST Composition Scheme is an option available to a registered taxpayer who needs to inform the tax authorities of his intention to be registered under the scheme. In case the registered taxpayer fails to comply with the same he would be treated a normal tax payer and administered accordingly. Such option needs to be for all business of th...

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GSTN system is not working upto level & needs correction: Rajasthan HC

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

Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements....

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Constitution of National Anti-profiteering Authority under GST

F.NO. D-22011/AP/1/2017/892-939 (19/09/2017)

You may be aware that Section 171 of the Central Goods and Services Act, 2017 (Act) provides that the reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on by the supplier to the recipient (of such goods or services) by way of commensurate reduction in prices....

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Video: GST Reverse Charge (RCM) Summary Chart

There are a lot of confusion like when to issue Payment Voucher, Self Invoice, What to fill in GSTR-1, GSTR-2 & also many compliance in relation to REVERSE CHARGE (RCM) in GST, so through this Video we are covering all such points through a SUMMARIZED CHART, Hopefully this Video (YouTube link is mentioned below) will […]...

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Confusion in Extension of TARNS 1 Dated 28th Sep 2017

It is to be noted date for REVISION OF TRANS 1 which has been filed timely has been extended not the time of ORIGINAL DATE FOR FILING TRANS 1 extended....

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GST: Clarification on one third deemed deduction on transfer of Land

C. No. IV/16/122017-CCO(TVM) (19/09/2017)

The value of supply of services falling under the said Sl. No. are eligible for one third deemed deduction, on account of Transfer of Land or Undivided Share of land, if the transaction value includes the value of the land transferred as per and as delineated in para 2 of the said Notification. This one third deemed deduction on account ...

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Sales & Input Credit Registers Format under GST

We have uploaded GST Registers Under Section 35 of the GST Act, 2017 in excel format for reference and use of our readers- GST Input Credit Register GST Sales Registers    ...

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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.