Category «Good and Service Tax»
Input Tax Credit on Capital Goods under GST
Input Tax Credit on Capital Goods under GST Hi Readers, in this Article we will discuss provisions related to Input tax credit on Capital Goods under GST. We also discuss the provisions related to Reversal of ITC on Capital Goods under GST. Before starting, one must familiar with the definition of Capital Goods under GST. …
GST compliance on foreign currency exchange
GST Compliance on foreign currency exchange Hi Reader, in this Article we will discuss about the GST compliance on foreign currency exchange. Foreign currency exchange is conversion of one country’s currency in another country’s currency. In India, Foreign Exchange Management Act, 1999 (FEMA) manage and responsible for foreign currency exchange transaction and Reserve Bank of …
GST Council 31st meeting recommendations
GST Council 31st meeting recommendations Hi Readers, in this article we will discuss the GST Council 31st Meeting recommendations. The GST Council in its 31st meeting held December 22, 2018 at New Delhi made the following major policy recommendations; once the same is approved by the GOM (Group of ministers) then the same will be implemented: …
GST September Return Checklist
GST September Return Checklist Hi Readers, in this article we learn about the importance of GST Returns filing for the month of September. At the end of blog, we will also provide your a quick GST September Return Checklist. GST Return for the month of September is also important since after filing of GST return …
Must know facts about Eway Bill
List of Goods Exempted from Eway Bill
Transaction value Under GST with example
Transaction value Under GST with example Hi Readers, in this Article we discuss 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 discuss 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 …
Valuation Rule in respect of odd Nature Supplies
Valuation Rule in respect of odd Nature Supplies. Hi Readers, in this Article we discussed valuation rule in respect of odd nature supplies such as purchase or sale of foreign currency including money changing, booking of travel by air, Life insurance business, buying or selling of second hand goods and Value of Token or voucher …