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]
Aug 022017
Aug 012017
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]
Jul 312017
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]
Jul 282017
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]
Jul 262017
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]
Jul 252017
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]
Jul 242017
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]
Jul 182017
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]
Jul 142017
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]
Jun 062017
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]