Must know facts about Eway Bill

Must know facts about Eway Bill Hi Reader, in this Article we will discuss some must know facts about Eway Bill. 1 – E way is require for movement of goods with value more than Rs. 50,000, if the total Value of goods loaded in a single vehicle more than 50000/, then E-way bill will …

Key changes through Company Amendment Bill 2017

Key changes through Company Amendment Bill 2017 Hi Reader, in this article we read the key changes through company amendment Bill 2017 and section wise comparison with the exiting provisions of company act 2013. Company Amendment Bill had been passed by Lok Sabha on 27th July 2017 after that passed by Rajya Sabha on 19th …

Bitcoins Taxability in India

Bitcoins Taxability in India Hi Reader, in this Article we will understand the Bitcoins Taxability in India i.e. how to pay tax on Bitcoins in India. Before we start we have to understand that what Bitcoins is. Bitcoins – Bitcoins is virtual currency and considered more secure than real money. Bitcoins was the first ever …

Transaction value Under GST with example

Transaction value Under GST with example Hi Readers, in this Article we read the concept of Transaction value under GST with examples. As we know that GST will be charges on transaction value. If transaction value is not correctly determined then GST will not be correctly calculated and deposited which cause unnecessary further burden to …

Must Know Valuation rule under GST with examples

Must Know Valuation rule under GST with examples Hi Readers, in this Article we read about must know valuation rule under GST with examples. As we know that GST will be charges on transaction value. If transaction value is not correctly determined then GST will be wrong calculated and deposited which cause unnecessary further burden …

HSN Code Wise GST Goods Rate

HSN Code Wise GST Goods Rate Chapter/Heading/Sub Heading/ Tariff item Description of Goods  GST Rate % Compensation Cess 0303 Fish, frozen, excluding fish fillets and other fish meat of heading 0304            5 Nil 0304 Fish fillets and other fish meat (whether or not minced), frozen            5 Nil 0305 Fish, dried, salted or in …

Basis Concept of Reverse Charge Mechanism in GST

Basis Concept of Reverse Charge Mechanism in GST Hello Readers!  In this article, we will understand the Basis Concept of Reverse Charge Mechanise in GST. As we aware that generally supplier is liable to collect and deposit the tax to Government. However, under the Reverse Charge Mechanism Recipient of supply of Goods or Services is …

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