GST to be levied on goods stored in customs warehouse only on final clearance
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on…
Treatment of expired medicines for Hospitals/ Pharma sector
Pharma sector is seeking clarification on various provisions of GST. Treatment of expired medicines at the time of…
GST exemption list of services in India
1. Services by Government or a local authority excluding the following services— (i) services by the Department of…
GSTR-1 filing Due Dates
GSTR-1 filing Due Dates For turnover of more than Rs 1.5 cr Period Dates July to Oct 31st…
E-Commerce GST Applicability
E-Commerce GST Applicability E-commerce Operator: 1)Section 2(45):- An e-commerce operator : is a person who owns, operates or…
Invoicing under GST As per Section 31 and GST Invoicing Rules
Section 31(1) : A registered person supplying taxable goods shall, before or at the time of,— a) removal…
ROC Annual Compliance – Private Limited Company
ANNUAL COMPLIANCE FILING BASED COMPLIANCE Section 92 (Annual Return)- Every Company shall prepare its Annual Return in Form…
Invoicing under GST
Invoicing under GST GST defines a transaction as ‘Supply’ when there is a transfer, exchange, rental, lease, barter,…
INPUT TAX CREDIT MECHANISM UNDER GST REGIME
Input Tax Credit a) Input Tax Credit (ITC) is the backbone of the GST regime. b) GST is…
Impact of GST on Professionals Like :CA/CS/CWA
Taxable Event – Supply The taxable event for levy of GST shall be ‘supply’ of goods and/ or…