GST

Major indirect tax reformation is in full swing and it is going to gear up from 1st April 2017, till now empowered committee proposals and draft rules and formats and several frequently asked question...

1. In the Following Situations, Refund can be claimed in Goods and Services Tax (GST): Export of Goods or Services ( Including Deemed Export)Refund of Unutilized Input Tax CreditRefund from Manufactur...

Time of Supply Under Model GST Law First let us understand the major difference between current system of tax and under GST Law. Presently we pay Excise Dutyon goods produced and removed from factory....

CENVAT Credit -Transitional Provision under GST This article will provide you information with respect to following questions for transitional CENVAT credit under GST 1) Who may transfer CENVAT credit...

Key Highlights of Draft GST Rules CBEC has recently issued 5 set of Draft rules on Registration, Payment, Refund, Returns and Invoice. These 5 set of rules has been approved by GST Council on its 2nd...

Check list for Input Service Distributor under GST As per section 2(56) of GST Act, ISD means an office of the supplier of goods and / or services which receives tax invoices issued under section 23 t...

Issues with Export of Service in GST Under Section 2(44) of the “MGL” the supply of any service shall be treated as “export of service” when (a) the supplier of service is located in India, (b) the re...

Impact of GST Over E-Commerce sector Overview of e-commerce sector in India: India had an internet user base of about 354 million as of June 2015 and is expected to cross 500 million in 2016.Despite b...

1) Every person who is liable to be registered under Schedule III of this Act shall apply for registration in every such State in which he is so liable within 30 days from the date on which he becomes...

3 October 2016, Thane:The Honorable Minister of State for Finance and Corporate Affairs Shri Arjun Ram Meghwal interacted with the traders and addressed their concerns over GST at an event organized b...

Check List for Registration under GST A. What is to be followed by Dealer registered under existing Acts to get GSTIN? B. What is to be followed by new dealer to get GSTIN? C. What is to be followed b...

Highlights of Draft GST Rules & Formats approved by GST Council The Government is not leaving any stone unturned to roll out the much awaited indirect tax reform from April 1, 2017. In less than a wee...

Detail Analyses on JOB Work – Draft GST Law Case Analyzed:- 1. What is job-work ?Provisions applicable to Job-worker? × 2. Analyses the definition of supply in case goods send by the principal to Job-...

There are 22 sections under transitional provision of GST Law when all major indirect tax Act’s going to subsumed under the GST Law. This is most important provisions as these are applicable from the...

Important events, due dates, periods and limitations under GST We can see lot of benefits enumerated by Government on ACES portal, newspaper and media. Under simplification benefit, we can observe tha...

A Brief Understanding As a step towards implementation of GST in India, the Central Board of Excise and Customs (“CBEC”) has released the Draft Goods and Services Tax Rules (“GST Rules”) on the public...

CBEC releases on 26.09.2016 Draft Invoice Rules with Draft Invoice formats Draft Payment Rules with Draft Payment formats Draft Registration Rules with Draft Registration formats and on 27.09.2016 it...

DRAFT GOODS AND SERVICES TAX – RETURN RULES, 20– Note: Corresponding changes in the Model GST Law are being carried out separately. Comments , if any may kindly be given by 28th September, 2016. Chapt...

DRAFT GOODS AND SERVICES TAX – REFUND RULES, 20– Note: Corresponding changes in the Model GST Law are being carried out separately. Comments , if any may kindly be given by 28th September, 2016. Chapt...

Implications of GST on inter-state transactions of goods & services The constitution (122nd) Amendment bill comes up in Rajya Sabha, on the back of a broad political consensus and boosted by the ‘good...