GST Exemption List 2023. Exempted supply of Goods means NIL rated goods or wholly exempted goods and it also includes non-taxable supply of goods.
Under the GST Act, 2014 (GST Act), supply means all forms of supply, including supply of imported services, done for a consideration and anything which is not a supply of goods but is done for a consideration is a supply of services. The definition in the l...
There are four types of goods and services under GST Act. Essential Goods and Services, Standard Goods and services, special category of goods and services and exempted goods and services. Under GST tax system in India, there are three types of GST. They are IGST (Integrated Goods and Servic...
while determining the tax liability underGST, one needs to check for not only the goods or services that are chargeable to GST. But, one also needs
invoice without goods, or to claim ITC against invoices created without the provision of goods is a severe offence under the GST statute if the amount of tax evaded hits 2 crores. The total amount of tax evasion, in this case, is 10.42 crores, which is five times the GST Act’s set ...
“entry value threshold” means the entry value threshold provided under subsection (1A);[Act 34 ...
FAQs on exports under GST India continues to be a global powerhouse when it comes to export of goods and export of services. Indian businesses who export goods and services are considered as a zero-rated supply under goods and services tax (GST) - no GST is levied on such supplies....
GST returns for Input Service Distributor (ISD) TDS calculation under GST returns GST Returns, Advances received against a supply to be made in future Post sales discount under GST returns Procedures to assess credit note and debit note under GST Act ...
Adjudicating authority means any authority, appointed or authorized to pass any order or decision under GST Act, but does not include the Central Board of Indirect Taxes and Customs
Therefore, RMCD shall look after GST governance to ensure that taxable entities are continuously complying with all the regulations enforced under GST Act 2014, GST Rules 2014 and GST Order 2014. The efficiency and effectiveness of tax collection are very important for government to support the ...