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 reduced cost […]
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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 Act, both […]
GST Rate on food and beverages, Rate of gst on Food & Beverages
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 major benefits […]
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 treated neither […]
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 simplify the […]
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 for the […]
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, SGST Rs […]
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 types of […]
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 within 10 […]