Summary of GST Circular 161: Summary of GST Circular 160: Clarification relating to the export of services-condition (v) of section 2(6) of the IGST Act 2017 Summary of GST Circular 164: GST Rates and Classification of Goods/Services October marked the completion of a year of e-invoicing....
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
Under GST, there are variousGST return forms, which taxpayers can use to file GST returns online. All these forms are required to be e-filed as per the GST return filing process laid down in the GST return rules section of the GST Act. Each of the GSTR form have a different purpose ...
Only the CA or the cost accountant can take out the GST audit beneath section 35 of the GST act. Important Note: An internal auditor shall not bring out the GST Audit Any individual who uses GST shall not be a GST auditor under the GST Act The GST power is provided to the CA or Co...
GST treats exports of commodities or services as interstate supplies. Therefore, Section 24 of the CGST Act of 2017 mandates that all exporters of products register for GST. However, if a service exporter's annual turnover is less than the Rs 20 lakh exemption limit, the company isn’t need...
According to section 37(4) of CGST, Act, a taxpayers shall not be allowed to file GSTR-1 if previous GSTR-1 is not filed and as per sec 39(10) a taxpayer shall not be allowed to file GSTR-3B if GSTR-1 for the same tax period is not filed. Implementation of mandatory ...
Section 21.Application of provisions of Central Goods and Services Tax Act. Section 22.Power to make rules. Section 23.General power to make regulations. Section 24.Laying of rules, regulations and notifications. Section 25.Power to issue instructions or directions. ...
The GST registration threshold limits that apply to ordinary taxpayers also work the same to gold mining and distribution enterprises. Additionally, enterprises selling gold can use the composition system under section 10 of the CGST Act. Many gold merchants, sellers, and jewelers hire goldsmiths and...
Under Section 7 of the CGST Act, the supply of gold (without any job work) is considered the supply of goods. GST on gold is as follows: Particulars HSN Code GST Rate (1) Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung...
Gem Registration Registration Under Shop & Establishment Act LLP /Partnership/Proprietorship Registration Director Identification Number (DIN) Tax Deduction Account (TAN) Registration Conversion of the Company Nidhi Company Registration Section 8/ OPC RegistrationAccounting...