Nowadays there is confusion among exporters regarding applicability of GST. In Previous tax regime, exporters of Services were not required to submit any Bond or Letter of Undertaking before or after export of services. Further,exporters were not required to pay any Tax on such Export of Services before or after exports are affected and to […]
What are the GST refund options available to the exporters? Answer: An eeporter would be eligible to claim refund under one of the following two options, namely –(a) He may export under bond, without payment of IGST and claim refund of unutilized input tax credit in;
Provisions related to registration under GST regime; Traders are requested to register now without waiting for the last date i.e. 30th July, 2017. As per the GST laws, one is required to take registration on or before 30thJuly, 2017. All traders are requested to register now without waiting for the last date. If one […]
वस्तु एवं सेवा कर या जी एस टी एक व्यापक, बहु-स्तरीय, डेस्टिनेशन (गंतव्य) आधारित कर है जो वस्तु व् सेवा कर बढ़ते हुए मूल्य पर लगेगा. यह कर प्रणाली वैल्यू एडेड टैक्स (VAT) की तरह ही है, जहाँ प्रत्येक सप्लाई पर सप्लाई के मूल्य में जो भी इजाफा होगा उस पर कर देय होगा. नई GST प्रणाली में यों तो अनेक कर (टैक्स) समाहित किये गए है,
The increase in globalization and technological advancement has resulted in the international expansion of several multinational and Indian corporations. Over the years, these corporations have used their global presence to enter low-tax jurisdictions, primarily to reduce the overall effective tax costs.
Download GST Invoicing Excel Utility will help you generating Bill as per GST Rules and GST Act 2017 easily in a minute. Bill Contains Column for all the disclosures which are required to be made or informations which are required to provided under the current GST Regime.
The last date for submission of intimation of composition scheme in on or before 21st July, 2017. The motto is to issue the registration certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers who have already been issued provisional ID for registration (PID) as well as to the new taxpayers.
Transportation of goods by road are done by transporter or courier agency. Here, we are discussing about transporter. Transporter can be of two types: Goods Transport Agency (GTA) – like VRL Logistic or TCI XPS and Transport (i.e. Vehicle) Owners
The textile industry has historically enjoyed tax exemptions on the cotton value chain. Currently, attracts zero Central excise duty (under optional route) .VAT is not applicable on fabrics, but yarn and garments attract VAT according to state rates. On an average, the items used by the textile industry such as machinery and chemical agents have been taxed at around 20% throughout the country.
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