e-bill

Now preparing for Stringent provisions of GST, meeting GST Council to implement e-bill

New Delhi:- After giving various relief to the common people and businessmen in GST before the Gujarat assembly elections, the government is now preparing to implement stringent provisions of the commodity and service tax law.  

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Levy of and Exemption

Levy and Exemptions from Tax under GST

GST derives its constitutional validity from Article 246A, which was introduced by the 101st Amendment, 2016 which provides both the parliament as well as states concurrent powers to make laws with respect to GST i. e. central tax (CGST) and state tax (SGST) or union territory tax (UTGST).

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The GST Payment

Payment of Tax Under GST

What are the Payments made under GST regime? Under the GST regime, where intra-state supply CGST and SGST taxes are calculated, Central GST (CGST, going into the account of the Central Government) and the State GST (SGST, going into the account of the concerned State Government).

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12 Cases where Input Tax credit (ITC) is not available

Guide on Input Tax Credit under GST Regime and how to Claim it

Goods and Services Tax(GST) is considered as the biggest reforms of the Indian indirect Tax credit is one of its key features which will help in eliminating cascading effect of taxes.

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Deadlines for filing

Deadlines for filing returns GSTR-2, GSTR-3 moved to Nov 30, Dec 11

 Deadlines for filing returns GSTR-2, GSTR-3 moved to Nov 30, Dec 11 The government on Monday extended Deadlines for filing by a month for the filing of July GSTR-2 to month November and GSTR-3 to 11th December.

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GST on E-Commerce

Impact of GST on E-Commerce

About GST On E-Commerce  The E-commerce or EC industry is growing immediately in the country where buying or selling of goods and services, and the transmitting of data or funds over an electronic network. There are two types of EC sellers.

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Invoice Format and Rules

Invoice Format and Rules Under GST

some Invoice Format and Rules was defined by the GSTN Council. What is GST Invoice? Invoice or bills is a list of service provided and goods sent, along with amount due for payment.

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SAC

SAC (Service Accounting Codes) Code With GST Rates

SAC codes mean? SAC codes mean Service accounting code are codes issued by CBEC to uniformly classify each service under GST. Each service has a unique Service Accounting code and these codes can be used in invoices created by you for the services you delivered. GST for service is collected in 5 slabs i.e. 0%, […]

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Revised Tax Invoice

Revised Tax Invoice Under GST

A tax invoice is deemed to include a Revised Tax Invoice and a revised invoice can be issued by a supplier of goods or services under GST which takes place between the effective date of registration and the actual date of registration and the actual date of issuance of a certificate of registration. Search Here […]

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Offences And Penalties under GST

What are Offences And Penalties under GST

What are Offences And Penalties under GST The law has clearly defined rules of offenses and the penalties under GST in each scenario. This is very important info for business owners, Tax Practioner’s and Professionals as an inadvertent mistake can cause severe consequences.

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