GST Rate on food and beverages: Assigning GST rates for hotels and restaurants against annual turnovers is a progressive move by the authorities. One of the […]
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Negative List of Supply, Non Taxable Supply, Exempt Supply in GST
Negative List of Supply, Non Taxable Supply, Exempt Supply under GST: As per section 7(2) (a), activities or transactions specified in Schedule III, shall be […]
GST Composition Scheme for Services 2024 (Conditions to claim)
GST Composition Scheme for Services 2024, Conditions to claim GST Composition Scheme for Services. The Government has introduced a composition levy under GST Law to […]
Amortarisation of Cost of Moulds and Dies treatment under GST Law
Whether amortisation cost of Dies & Moulds supplied on Free of Cost (FOC) to Components Supplier to be included in the cost of the components […]
GST Collection in April 2024 scales record high of Rs 1.41 lakh crore
GST Collection: The Gross GST Revenue in the month of April 2024 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 […]
How to File GSTR 1 for Outward Supplies, How to File GST Return
As per GST law, every registered taxable person is required to submit “Details of Outward Supplies” in GSTR-1. This return is required to be filed […]
GST Accounts & Records – Provisions, Place of Maintenance 2024
GST Accounts & Records: Introduction of GST as a new indirect tax routine would be advantageous to the whole community consisting of citizens, Government in […]