All posts in "GST"
17 Shares

Tally ERP.9 GST Ready Software | Price List | Tally 5.5 latest release with GST compatible

a few months ago

Now available in market GST Ready Software with the latest  Tally ERP.9 release 5.5 –     Through GST, the government intends to bring about greater transparency in business transactions and simplify compliance needs.             Tally.ERP 9 Release 5.5 aims to help businesses ensure that             […]

4 Shares

Understanding Mixed And Composite Supply In GST

6 months ago

If you look at the market today, you will notice very often, two or more goods, or a combination of goods and services, are supplied together. This could be due to either of the following reasons: A sales strategy – to attract more customers The nature or type of goods or services, which requires them […]

2 Shares

How to file your GST Returns?

6 months ago

Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month. On the 11th, the visibility of inward supplies is made available to the recipient in the auto-populated GSTR-2A. The period from 11th to 15th will allow for any corrections (additions, modifications, and deletion) in […]

3 Shares

GST Impact on Supply without Consideration & Importation of Services

6 months ago

GST Impact on Supply without Consideration & Importation of Services In our earlier blog Supply of Goods and Services: What does it Mean we discussed about supply with consideration which is mostly about business operational activities like sales, transfers, and so on. In this blog post, we will discuss exceptional scenarios, which form a part of […]

6 Shares

Model GST law to be finalised by this month end: CBEC Member

6 months ago

Model GST law to be finalised by this month end: CBEC Member The law will pave the way for roll out of the Goods and Services Tax (GST) from July 1. Model GST law, which is currently being vetted by the law department, is expected to be finalised by this month end, said a senior […]

8 Shares

Revenue Department prepares draft recommendations for GST rates: Report

6 months ago

Revenue Department prepares draft recommendations for GST rates: Report The Revenue Department has prepared draft recommendations for GST rates on services. According to the draft, GST on telecom, banking, financial services, aviation is proposed to be pegged at 18%, according to a report.    The Revenue Department has prepared draft recommendations for GST rates on services. […]

6 Shares

Scenarios where you cannot Avail Input Tax Credit

6 months ago

Scenarios where you cannot Avail Input Tax Credit In our previous blog we learned about the conditions for availing GST input tax credit and the scenarios in which input tax credit (ITC) can be avail. In this blog, we will discuss the scenarios where you cannot avail Input Tax Credit. 1-Registration not applied for within […]

6 Shares

Is GST on Track? What we can infer from the budget speech

6 months ago

  In his Budget Speech,our Finance Minister, Mr. Arun Jaitley did not elaborately discuss the road map of GST. However, he only indicate that the passage of the Constitutional amendment bill for GST and progress of its implementation is a “Tectonic Policy Initiative”.   While briefing the house on the benefits of GST, he said, […]

6 Shares

Supply of Goods and Services

6 months ago

Supply of Goods and Services: What does it Mean?   Under the current indirect tax structure, the taxable event differs for each type of tax. The taxable events under the current indirect tax structure are captured below:   Supply is going to be altogether a new concept in the indirect taxation, far away from manufacture […]

15 Shares

Fundamentals of GST And Tax Structure

6 months ago

GST One Nation One Tax Structure GST One Nation One Tax  Structure regime known as the biggest tax reform since India’s independence.  GST a dual concept tax structure is currently known as the hot topic in India.  Right now from a mid-size to a large business owner is raising various questions regarding GST like What does […]

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