Category «Good and Service Tax»

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 …

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 Statutory Due Dates

Reminder Chart Statutory Due Dates Statutory Due Date for the month of May 2018 May 2018 1st May Condonation of Delay Scheme 2018 [CODS 2018] allows Defaulting Companies to file its overdue documents which were due for filing. 7TH May Due Date for payment of Tax deducted or collected for the month of April 2018. 10th May Filing of GSTR – 1 …

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 …

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