TDS Provisions under GST – Everything you need to know about
TDS Provisions under GST: Tax Deduction at Source (TDS) under GST TDS is one of the modes/methods to collect tax, under which, certain percentage of amount
CGST
Credit Note under GST: Introduction, Meaning, Adjustment of tax liability
Credit Note under GST:– Where a tax invoice has been issued for supply of any goods or services or both and the taxable value or
GST on Education Services – GST Rates, HSN Codes (Detailed)
GST on Education Services: “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education
Unique features of GST, Check goods and service tax features 2021
Unique features of GST: As compared to the earlier law, Integrated GST, Anti Profiteering provisions and Matching concept are unique features of GST. IGST has
TDS Payment under GST – How can I discharge my TDS liability?
TDS Payment under GST: This TDS is different from TDS under Income Tax Act. If a transaction is covered under bth GST Act and Income Tax
GST Collection in April 2021 scales record high of Rs 1.41 lakh crore
GST Collection: The Gross GST Revenue in the month of April 2021 is at a record high of Rs. 1,41,384 crore is CGST. 27,837 crore,
OIDAR Services in GST: Registration, ITC, Time of Supply, Returns
OIDAR refers to Online Information Data Base Access and Retrieval Services in GST, the tax implications are different for these services compared to the other
Composition Scheme | Turnover Limit | Merits, Demerits, Provision
Composition Scheme under GST: The composition scheme under the GST regime is a method of levy of tax designed for small taxpayers whose turnover is
GST Accounts & Records – Provisions, Place of Maintenance 2021
GST Accounts & Records: Introduction of GST as a new indirect taxation regime would be advantageous to the entire community including citizens, Government as well
Credit Notes OR Debit Notes to be issued by ISD – All you Know
Credit Notes OR Debit Notes to be issued by ISD: A registered person is required to issue credit note or debit note under certain circumstances. GST is
Advance Ruling under GST, Advantages of Advance Ruling in GST
Advance Ruling: The Provision of Advance Rulings were made in 1993 in Income Tax Act vide Section 245N to 245R. An Advance Ruling is a
Place of supply of goods and services under GST (An Analysis)
Place of supply in GST: Place of supply of goods and services under GST regime. All you need to know about Place of supply under GST
Relief to Registered Taxpayers in GST due to COVID-19 pandemic
Relief to Registered Taxpayers in GST due to COVID-19 pandemic. Measures by CBIC to provide relief to taxpayers in view of COVID-19 pandemic. Interest liability
Restriction in availment of Input Tax Credit 2021 – With Examples
Introduction: The basic rule is that output liability of any particular period should be discharged either out of ‘eligible input tax credit’ and if this
Impact of GST on BPO Sector, KPO Sector – Levy of tax, Return filing
Impact of GST on BPO Sector and KPO Sector: Business Process Outsourcing (“BPO”) and Knowledge Process Outsourcing (“KPO”) are engaged in providing back end support to
Work Contract under GST – Definition, ITC, TDS, Applicability
Work Contract under GST: Works contract has always remained a mystery for over half a century and has acted as a rodent to all the
GST ITC: Anti Profiteering | Duties | Need | Background (all details)
GST ITC: Goods and Service Tax (GST) replaced all indirect taxes levied on goods and services by the Government, both Central and States. GST is
Tech Startups and Accounting – A detailed analysis (all details)
Tech Startups and Accounting: Successful entrepreneurs are good strategists. They have foresight to spot future trends. They have insights to commercialize and execute ideas. But
Types of Reviews under GST, Types of Audit in GST – Analysis
Types of Reviews under GST, Types of Audit in GST. The common audits we come across in India can be bifurcated into two parts, check
Registration requirement for TDS Deductors & Procedure 2020
Registration requirement for TDS Deductors & Procedure of Registration under GST: All the DDOs of the (a) a department or establishment of the Central Government
Place of Supply in GST With Examples, Place of Supply of Services
Place of Supply under GST: Place of supply is one of the key aspects to have an understanding of GST. In order to determine whether
GST Data & Cost Records or Cost Audit annexures to be maintained
GST Data & Cost Records or Cost Audit annexures to be maintained as per custom tariff heading. MCA has issued one notification issued on 20th
Determination of Inter and Intra State Supplies under GST
Determination of Inter and Intra State Supplies under GST: The taxable event in GST is supply of goods or services or both. Various taxable events like
GST Payments : Procedure, TDS, What are CPIN, CIN, BRN and E-FPB?
GST Payments: In the GST regime, for any intra-state supply, taxes to be paid are the Central GST (CGST), going into the account of the Central
Exemption for Charitable Organisations – Interplay of Income Tax
Exemption for Charitable Organisations – Interplay of Income Tax and GST : Charitable organisations have been given exemption in respect of their income under Section
Refund of Excess Amount from the Electronic Cash Ledger in GST
Refund of Excess Amount from the Electronic Cash Ledger under GST. How can I file the application for refund of excess balance in Electronic Cash Ledger
Information Required for movement of goods & generation of e-way bill
Information Required for movement of goods & generation of e-way bill: Information to be furnished prior to commencement of movement of goods and generation of
GST Refunds 2021: Application, When can the refund be claimed?
Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of
Procedure of GST Appeals to Appellate Tribunal – Step by Step
Appeals to Appellate Tribunal: The Tribunal is the second level of appeal, where appeals can be filed against the orders-in-appeal passed by the AA or
Job work and Its valuation In GST, Provisions under section 143
Job work and Its valuation In GST: In general, “job work” means process or work carried out on any raw material or semifinished goods supplied by