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 »
Taxable Person under GST (India) Meaning of Taxable Persons under GST (India) “Taxable person’’ shall have the meaning as assigned to it in section 9 of this Act; [ section 2(96) of Model GST Law) Section 9 of Model GST Law :- (1) Taxable Person means a person who carries on any business at any… Read More »
Composition Scheme under GST Key Points about Composition Scheme under GST [ Read Composition Scheme under GST Analysis after CGST act 2017 ] Coverage : Section 8 of Model GST Law cover Composition Scheme. Eligibility :- Composition Scheme under GST can be availed by Registered taxable person and Does not effects inter-State supply (i.e both, output &… Read More »
Registration requirements under GST Turnover for GST Registration of New taxable person :– Every supplier shall be liable to be registered under GST in the State from where he makes a taxable supply of goods and/or services if his aggregate turnover in a financial year exceeds Rs 20 lakhs. (as per GST Council decision). However, if supplier is engaged in business… Read More »
Govt plans overhaul of tax administration for smooth GST rollout The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll out of a nation-wide goods and services tax (GST). The plan, reviewed by Moneycontrol, includes setting… Read More »
GST Return Process 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) Act Overview Meaning and Scope of Supply Time of Supply Place of Supply of Goods… Read More »
GST Return filing Process in India GST Return filing Process GST Return Forms – 27 Forms GST Return : Who … What….When….to File GST Return Sr.No Form Who to File ? What to file? When to File ? 1 GSTR-1 Registered taxable supplier Outward supplies 10th of the month succeeding the tax period 2 GSTR-2… Read More »
GST Payment Process India – Video-Presentation -Know GST of India 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) Act Overview Meaning and Scope of Supply Time… Read More »
GOODS AND SERVICES TAX THE ROADMAP TO GST (Extracts from Presentation of Revenue Secretary’s of Govertment of India ) • Establishment of Legal Framework • Preparation of IT infrastructure • Change Management: • Training of Officials and Staff • Outreach and Consultation with trade and industry • Target date of GST Roll Out: 1st April 2017… Read More »