Category: GST
Credit Notes in GST-Adjustment of tax liability. Person issuing credit note to declare details in the return for the month during which it has been issued Credit Notes in GST Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, …
Debit Notes in GST treated as tax invoice for the purpose of returns and payments of tax liability Debit Notes in GST Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of trade or commerce, after …
DG GST Intelligence made PMLA Regulator for Gems and Jewellery Sector under Prevention of Money-laundering (Maintenance of Records) Rules, 2005. As per clause (fa) of sub rule (1) of Rule 2 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Regulator means – (i) a person …
GST on Selling of space for advertisement in print media-Clarification. 5% GST rate If agency works on principal to principal basis and 18% if works as an agent. Press Information Bureau Government of India Ministry of Finance 23-August-2017 16:58 IST GST on Selling of space for advertisement in …
National Anti-Profiteering Authority in GST. The Authority is constituted to ensure that consumer is protected from arbitrary price increase in the name of GST National Anti-Profiteering Authority in GST Introduction: Any reduction in rate of tax on any supply of goods or services or the benefit of input …
Input Service Distributor in GST- ISD mechanism is meant for distributing the credit on common invoices pertaining to input services Input Service Distributor in GST Introduction Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt …
Casual taxable person in GST-Registration Returns and Refund Casual taxable person in GST-Registration Returns and Refund explained by CBEC Introduction “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, …
GST Exemption to service provided by Fair Price Shops to Government under Public Distribution System (PDS) against consideration of commission or margin NOTIFICATION No. 21/2017-Central Tax (Rate) New Delhi, the 22nd August, 2017 G.S.R. 1046(E).—In exercise of the powers conferred by sub-section (1) of section 11 of the Central …
Electronic commerce operator liable to GST on House-keeping services such as plumbing, carpentering etc. Government of India Ministry of Finance (Department of Revenue) Notification No. 23/2017-Integrated Tax (Rate) New Delhi, the 22nd August, 2017 G.S.R……(E).- In exercise of the powers conferred by sub-section (5) of section 5 of …
CGST-Rates reduced for composite supply of works contract to Government, GTA, Transport of passengers by motorcab, printing of newspapers, books, periodical etc MINISTRY OF FINANCE (Department of Revenue) Notification No. 20/2017-Central Tax (Rate) New Delhi, the 22nd August, 2017 G.S.R. 1045(E).—In exercise of the powers conferred by sub-section (1) …
