FAQs on Composition Levy under GST Q1. What is composition levy under GST? Ans. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs (Rs. 50 lakhs in case of few States). The objective of composition scheme is to bring simplicity and to reduce… Read More »
Time of Supply in GST Time of supply of goods when tax is to be paid on reverse charge basis Earliest of the following dates: • Date of receipt of goods • Date on which the payment is entered in the books of accounts of the recipient or the date on which the payment is… Read More »
GST E-learning Greetings from Indirect Taxes Committee!! We are glad to inform you that Indirect Taxes Committee of ICAI has come up with E-learning on GST through recorded video sessions covering almost the entire topics of GST, which are as follows: S. No. Topics 1 Constitution of India & Introduction to GST 2 Levy under… Read More »
GST PPT on Registration and Migration Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Press Release GST Press Release GST Books… Read More »
GST PPT on Transition and Invoice Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Press Release GST Press Release GST Books… Read More »
GST PPT on Composition and record keeping [ Refer aslo GST Masterclass 3 by Revenue Secretary of India Hasmukh Adhia : Video ] Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Rates GST Rates GST Notifications GST Act Notifications… Read More »
Prices of appliances under UJALA revised after GST comes into effect 9W LED bulbs to cost Rs70, 20W LED tube light to cost Rs 220 & 5-star rated fans will be available at Rs 1,200 Consumers appealed not to pay any amount over and above the prices fixed by EESL for the UJALA appliances The… Read More »
Clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply. The Rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These Rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of… Read More »
GST Rates Finder Mobile App The Central Board of Excise and Customs (CBEC) takes certain initiatives for Ease of Doing Business under the GST regime; Finance Minister Shri Arun Jaitley launches a Mobile App “ GST Rates Finder ” to help users to find rates of GST for various goods and services. [ Download GST Rates… Read More »
Clarification by the Office of the Chief Commissioner of GST (Delhi Zone) that no officer of the Department is authorized to visit the premises of the traders and shopkeepers without authorization; In case of any difficulty, complain at Phone no. 011-23370115. It has been reported in a certain section of media that some unscrupulous elements… Read More »