Category «Good and Service Tax»

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 …

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 …

Reminder Chart for GST Due Dates

Reminder Chart GST Due Dates Due Date Particular 15th August For Service Tax Return for the period of April 2017 to June 2017 16th August Filing an intimation in Form GST CMP -01 i.e opt for composition Scheme 20th August Payment for GST Liability for July 2017 and file self-declaration form in GSTR-3B SEPTEMBER 2017 …

GST SAC Code List

GST SAC Code List   GST SAC Code List – NEW SCHEME OF CLASSIFICATION OF SERVICES Heading & Group Service Code (Tariff) Service Description Construction Services   Heading No.9954 Construction services Group 99541 Construction services of buildings   995411 Construction services of single dwelling or multi dewlling or multi-storied residential buildings   995412 Construction services …

Key points of transitional Provisions under GST Act

Key points of transitional Provisions under GST Act. 1.  Migration of Existing taxpayers. (Section 139) On and from the appointed day, every person registered under any of the existing Indirect tax law and having a Valid PAN shall be issued a certificate of registration on provisional Basis. Provisional registration can obtain directly by applying for provisional registration …

Electronic Way Bill Under GST

GST Electronic Way Bill Electronic Way Bill is new concept under GST regime. Under Electronic way bill, every registered person should have furnished information, prior to commencement of movement of goods and generation of e-way bill. In this Article, we will have discussed concept of Electronic way bill. Furnishing of Information Every register person who …

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