Matching input tax credit under GST The goods and services tax (GST) in India differs from other indirect tax systems in two important aspects: (1) the levy of an integrated GST on an interstate supply of goods or services, or both; and (2) the requirement for matching the claim of input tax credit. Read a May 2017… Read More »
Goods and Services Tax: A Game Changer
Definition of GST- Good and Service Tax Definition of GST -Goods and Service Tax – as defined in Article 366 (12A) of Constitution of India to mean “any tax on supply of goods or services or both except taxes on supply of the alcoholic liquor for human consumption‟. Definition of Goods under GST In terms of Section… Read More »
Download Revised Model GST Law Released by CBEC 25.11.2016 GST COUNCIL SECRETARIAT November, 2016 Free Education Guide on Goods & Service Tax (GST) SR No Topic -GST Resources 1 Model GST Law Model GST Law 2 GST Overview Goods and Services Tax (GST): An Overview Integrated Goods & Service Tax (IGST)… Read More »
GST FAQ’s in Telugu State /India GST Material GST Enrolment Plan State Wise : Announced by Indian Govt Steps to enrol on GST Common Portal (India) India How to login to GST Common Portal (India) FAQ on GSTN Migration (English) GST-Video Tutorial FAQ on Migration to GST Portal in Hindi Video -GST Login and… Read More »
Discussion on GST & Road Ahead
GST can be paid by debit, credit cards, says official Indore, Oct 23 (IANS) Under the proposed Goods and Services Tax (GST) regime, individuals and entities can pay taxes online using debit or credit cards, the government said on Sunday. “With regard to payments, the best thing that will happen is all payments will have… Read More »
GST Impact on Aviation Sector Increase in Prices of Air Tickets Currently, air travel attracts service tax at an abated rate of 6% for economy travel and 9% for non-economy travel. A Proposed GST rate of 18% may lead to a 9% to 12% increase in the cost of air travel for passengers, thus hampering… Read More »
Time of Supply under GST of India Time of Supply under Model GST Law (MGL) Section 12 of Model GST Law deals with Supply of Goods section 13 of Model GST Law & 14 deals with Supply of Services. A solds goods to B for Rs.100000/-. Various events of sale transactions are as under:… Read More »
Existing taxpayers can enrol and submit their details to ensure seamless tax payment, returns and refunds on the website, to be opened in November New Delhi: Goods and Services Tax Network (GSTN), the company tasked with setting up the information technology backbone for the ambitious indirect tax reform, will open a website for the registration… Read More »