Goods & Services Tax portal will act as a single windows for all the taxpayers to pay their taxes smoothly and easily instead of various heads and spectrums earlier. All the taxpayers including traders, businessman, and merchants can now pay their monthly/yearly excise duty, service tax, VAT ...
Related Read: What is CGST (Central Goods and Service Tax)? How to Calculate SGST? SGST is calculated on the taxable value (Original Cost) of the supply, which includes the cost of the goods or services and any additional charges such as packing, freight, insurance, and other taxes, ex...
Analysis of barriers in implementation of Goods and Service Tax (GST) in India using interpretive structural modelling (ISM) approach Article 02 July 2019 Introduction The economic reforms in India after the 1990s pushed her growth as a globally integrated nation with remarkable improvements in terms...
This is a form of value-added tax (VAT), which is levied on the supply of goods and services (including imports) at each stage of the supply chain from the supplier up to the retail stage of the distribution. It is commonly referred to as Goods and ...
However, if a service exporter's annual turnover is less than the Rs 20 lakh exemption limit, the company isn’t needed to register for GST. What are the conditions of export of services? In accordance with Section 2(6) of the Integrated Goods and Services Tax Act of 2017, "expor...
Refund of GST on tax credit on inputs Refund of GST to CSD canteens, para military forces canteen etc Refund of GST tax on deposit under investigation Refund of amount deposited for GST appeal Finalization of provisional assessment under Goods and Service Tax refunds ...
IGST – Integrated Goods and Service Tax Read More→ Goods Transport Agency under GST & GST on Transportation Read More→ GST Declarations Read More→ SAC Codes for various transportation services under GST Read More→ HSN Codes: Definition, Structure, Lookup Tool, & More ...
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GST Circular on BPOs and IT Service Providers Earlier in 2019, the Government had issued a circular that said anyone engaged in the facilitation of supply of goods/services would not be considered to be engaged in export and would now be considered as an intermediary unless it is on his ow...
GST Section 19– Taking input tax credit in respect of inputs and capital goods sent for job work. GST Section 20-Manner of distribution of credit by Input Service Distributor GST Section 21– Manner of recovery of credit distributed in excess ...