Tag «Good and Service Tax»

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 January 2018   JANUARY 2018 7TH January TDS/TCS Payment for the month of Dec 10th January Filing of GSTR – 1 for the quarter ended Sep 2017 i.e. July to Sep for taxpayers with Annual Aggregate turnover upto 1.50 Cr. (Date Extended) 10th January Filing of …

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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