Q: Is ISD (Input Service Distributor) an option or a mandate under the law? ISD is an option provided to distribute your input tax credit for services. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical… Read More »
Registration under GST law Introduction In any tax system, registration is the most fundamental requirement for identification of tax payers ensuring tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the… Read More »
Refunds Under GST Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the… Read More »
Maharashtra GST Bill 2017 in Marathi Download Maharashtra GST Bill 2017 in Marathi Maharashtra GST Bill 2017 – Download – Print in English Other States GST Bill 2017 / SGST Bill 2017 Haryana GST Bill 2017 – Download – Print Punjab GST Bill 2017 – Download – Print GOA GST Bill 2017 – Download – Print… Read More »
Maharashtra Goods and Services Tax Bill, 2017. MAHARASHTRA LEGISLATURE SECRETARIAT The following Bill published under Rule 117 of the Maharashtra Legislative Assembly Rules . L. A. BILL No. XXXIII OF 2017. A BILL to make provisions for levy and collection of tax on intra-State supply of goods or, services or, both in the State of… Read More »
HARYANA VIDHAN SABHA SECRETARIAT Notification The 4th May, 2017 No. 23-HLA of 2017.— The Haryana Goods and Services Tax Bill, 2017, is hereby published for general information under proviso to Rule 128 of the Rules of Procedure and Conduct of Business in the Haryana Legislative Assembly:– Bill No. 23- HLA of 2017 THE HARYANA GOODS… Read More »
Input Tax Credit Mechanism Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and Services Tax. ITC is a mechanism to avoid cascading of taxes. Cascading of taxes, in simple language, is ‘tax on tax’. Under the present system of taxation, credit of… Read More »
Imports in GST Under the GST regime, Article 269 A constitutionally mandates that the supply of goods, or of services, or both in the course of import into the territory of India shall be deemed to be supply of goods, or of services, or both in the course of inter-State trade or commerce for levy… Read More »
10 Key Points of Draft Rules on Credit Transfer Document There were lots of rumors afloat that Indian Companies planned to scale down their inventories ahead of GST rollout to limit their losses. Dealers were afraid of paying high GST rate without any claim to credit of excise in absence of duty paying document. The… Read More »
Indian Accounting Standards (Ind AS) Ready Reckoner Hardcover – 2017 by Dr. A.L.Saini (Author), CA Rajesh Saini (Contributor) Updated as per Companies (Indian Accounting Standards) Amendment Rules, 2017, Issued on 17-03-2017 Tips – How to prepare Opening (Ind AS) Balance Sheet Price Rs 1595 Click to buy online Publisher: Snow White Publications Pvt. Ltd Edition: JUNE… Read More »