Registration of GST Practitioner 1. Who is a GST Practitioner? GST Practitioner is a tax professional who can prepare returns and perform other activities on the basis of the information furnished to him by a taxable person. However, the legal [Read More]
Tax applicable in case of import of goods Meaning of goods imported into India and its status under GST: As per section 2(10) of the IGST 2017, import of goods means bringing goods into India from a place outside India. [Read More]
Rounding of tax etc. under GST: Section 170. The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the provisions of this Act shall be rounded off [Read More]
Manner of taxation of transportation of goods under GST Timely and smooth transportation of goods play an important role in supply chain distribution system of any economy. Effective cost of transportation is important for pricing of a product not only [Read More]
Liability to pay GST on expense As we all know that from 1st July 2017, GST is payable on sales made by trades, manufactures etc which hitherto paying taxes under existing laws. However, do we know that GST is also [Read More]
Service provided before GST and not concluded Query? How the transactions would be viewed legally as well as by the department which have commenced provision of service in June 2017 but the invoicing and the payment for the same are [Read More]
Whether educational institutions are also liable to get registered under GST? Are education institute are liable to be pay GST: Rate of GST on services as prescribed by government under Sr. No. 69 is given below: of Services Rate Sr. [Read More]
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]