If we sell goods for Rs.200000 to a person and charge GST@ 5% . As per the provisions of income tax we will also charge TCS( Tax Collected at Source) @ 1% . Whether GST will be levied on 200000 +TCS @ 1% OR on Rs. 200000 only Value of taxable supply. Section 15(2) of… Read More »
GST FAQ’s for Traders Q 1. How will GST benefit the Trading Community? Ans. Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part… Read More »
GST FAQ’s in Bengali Download GST FAQ’s in Bengali Related GST FAQ’s in Other Languages GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free E Download GST PPT Marathi – Download – Print GST FAQ’s in Assamese as on 31.03.2017 GST FAQ… Read More »
GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Kannada released by CBEC on 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017 GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ… Read More »
Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Overview of Goods and Services Tax (GST) Chapter 1 Q1. What is Goods and Services Tax (GST)? Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final… Read More »
Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Meaning and Scope of Supply Chapter 4 Q 1. What is the taxable event under GST? Ans. The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business. The taxable events… Read More »