Category «Good and Service Tax»

GST compliance on foreign currency exchange

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 Counsil Recommendation

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: …

Must Know Valuation rule under GST with examples

Valuation Rule Under GST

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 …