Common mistake occurred in transition to GST regime I have personally identified some mistakes which business man are doing in the transition process from existing acts to GST regime. If the data is not properly synchronize properly from the very [Read More]
GST and TDS calculation under Income Tax Act Circular no 23/2017 of CBDT: The Central Board of Direct Taxes (the Board) had earlier issued Circular No. 112014 dated 13.01.2014 clarifying that wherever in terms of the agreement or contract between [Read More]
Legal provision: Legal provisions as to determination of place of supply of goods and / or services are provided under section 10 of the The Integrated Goods and Services Tax Act. The legal provision is reproduced as below: Place of [Read More]
Zero rated supply Meaning [section 16]: “zero rated supply” means any of the following supplies of goods or services or both, namely:–– Export of goods or services or both; or Supply of goods or services or both to a Special [Read More]
Due dates for the Month of June 2017 5th Service Tax – Service Tax payments by Companies for May Central Excise# – Duty Payment for all Assessees other than SSI Units for May 7th Income Tax – TDS Payment for [Read More]
The Indirect Tax department released the rate schedule for 1,211 goods on Thursday Evening (18th May 2017). The list, approved by the GST Council. All the Goods have been covered by the GST Council on Thursday Meeting (18th May 2017). Here are complete summary of [Read More]
Place of supply of services in case of IGST Significance of place of supply in IGST According to section 4 of the act there shall be levied a tax called the Integrated Goods and Services Tax on all supplies of [Read More]
GSTTHREAD GST Software, Knowledge-base, Forums, Blogs & many more… https://www.gstthread.com Dear Sir / Madam,Sensys Technologies is pleased to announce Launch of its new, fully-featured GST website https://www.gstthread.com GSTTHREAD.com offers, a complete Software on GST – GSTTHREAD, with more flexibility, stability [Read More]
Returns of outward supplies under the GST Regime The purpose of this article is to create awareness about the soon to be implemented Goods and Service Tax in India. This article deals with various aspects of return of outward supplies [Read More]
Due dates for the Month of May 2017 5th Service Tax – Service Tax payments by Companies for April Central Excise# – Duty Payment for all Assessees other than SSI Units for April 7th Income Tax – TDS Payment for [Read More]