Goods and Services Tax - Whether Works Contract is taxable under GST as supply of goods or supply of service? SCHEDULE II OF CENTRAL GOODS AND SERVICE TAX ACT,2017 provides for which activities to be treated as supply of goods or as supply of services....
Goods and Services Tax - 1) Capital Gain in respect of Land & Building - Periodicity for long term Capital Gain is 3 years ,now it is reduced to 2 years.- Base year shifted form 01.04.1981 to 01.04.2001 for all assets including Immovable property, this will surely reduce the Capital Gain tax....
Goods and Services Tax - GST is a self-assessed destination based tax i.e., every person who requires to get registered under the Act as per Schedule V is a taxable person & the tax payable by him will be self-assessed....
Goods and Services Tax - Eligibility of input tax credit on inputs held in stock and contained in semi-finished and finished goods held in stock: The credit on inputs held in stock and inputs contained in semi-finished goods and finished goods held in stock is available in the following manner:...
Goods and Services Tax - Basic necessity for a prosperous living for any human being is food, clothing & shelter. Out of these three, food contributes as a major necessity. Changing lifestyles and appropriate fiscal policies has given a considerable push to the food processing industries. I...