Tax Updates
Reminder Chart Statutory Due Dates Statutory Due Date for the month of June 2018 June 2018 7TH June Due Date for payment of Tax deducted or collected for the month of May 2018. 10th June Filing of GSTR – 1 for the month May 2018 for taxpayers with Annual Aggregate turnover more than 1.50 Cr. 14th …
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 …
GST Input Tax Credit – Eligibility, Conditions, Apportionment and non-availability A. Eligibility – Every registered person shall be eligible to take input tax credit in respect of input tax charges on any supply of goods or services or both, which are used or intended to be used in the course or furtherance of his business. …
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 …
GST Electronic Way Bill Electronic Way Bill is new concept under GST regime. Eway is required only in case of Goods. Under Electronic way bill, every registered person should have furnished information, prior to commencement of movement of goods. In this Article, we will have discussed various concept of Electronic way bill. Furnishing of Information …
How to determine Inter State Supply or Intra State Supply Under GST As we know that determination of place of supply is one of the most important aspects of GST. Taxpayers as well as government is always keen to know that whether supply is inter state supply or intra State supply since in case of …
How to determine place of supply of Services other than import and Export of Services. 1. Section 12 of IGST Law deal with place of supply of services other than supply of services imported into or exported from India. In other words, we can say that section 12 deal with supply of services where location …
Determining place of supply for Goods other than import and Export. Section 10 of IGST Law deal with determining place of supply for Goods other than supply of goods imported into or exported from India. In other words, we can say that section 10 deal with supply of goods from India to India. As per …
Understanding the Concept of Supply under GST In this Article, we would like to give you the basis understanding about the term “Supply” under the GST Law. As we know that tax is to be levied at taxable event. The taxable event under existing indirect tax laws is ‘manufacture’ for levy of excise duty, ‘Sale’ …
Schedule III GST ACT Schedule III – Activities or Transactions which shall be treated neither as a supply of goods nor a supply of services. 1. Services by an employee to the employer in the course of or in relation to his employment. 2. Services by any Court or Tribunal established under any law for …
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