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GST|Legal Suvidha

GST

Private Security Agency License

By MayankWadhera

All You Need to Know About PSARA License

What . . . . . . . .

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New functionality in GST Portal

By MayankWadhera

A new functionality has been introduced in the GST Portal f . . . . . . . .

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Date of allotment relevant for reckoning LTCG

By MayankWadhera

  • In a judgement with significant implications for property owners, the Income Tax Appellate Tribunal (ITAT) ruled that ownership of property will . . . . . . . .

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Deposit of 30% of refund claimed obligatory and mandatory

By MayankWadhera

 

HIGHLIGHTS

  • The Maharashtra Real Estate Appellate Tribunal . . . . . . . .

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GST Implications: Supply by SEZ unit from unit located in non SEZ area

By MayankWadhera

GST Implications: Supply by SEZ unit from unit located in non SEZ area

< . . . . . . . .

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Casual Taxable Person under GST

By MayankWadhera

A casual taxable person is a person who undertakes transactions to supply goods or services occasionally in a taxable territory where he does not have a . . . . . . . .

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GST on Sale of Land & Building

By MayankWadhera

As per S. 7 of the CGST Act, 2017, GST is applicable on supply of goods or services. Schedule II of the CGST Act, 2017 provides the activities which are . . . . . . . .

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Liable to pay tax under RCM! Issue payment voucher to supplier.

By MayankWadhera

Under GST, various vouchers are issued. One such voucher is payment voucher. It is required to be issued when the goods or services are supplied under r . . . . . . . .

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Composition Scheme for Service Providers

By MayankWadhera

Composition scheme is a simplified scheme for the small taxpayers under GST. According to this scheme, they can get rid of tedious GST formalities. As p . . . . . . . .

Read Now

Increased GST Threshold Limit

By MayankWadhera

CBIC on 07.03.2019 issued Notification no. 10/2019-Central Tax & Notification no. 14/2019-Central Tax notifying the increased threshold limit. Incre . . . . . . . .

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Refund of unavailed credit before GST in Cash

By MayankWadhera

Chandigarh CESTAT bench in the case of M/s Great India Steel Fabricators v. CCE appeal No. E/60833, 60836/2018 dated 14.02.2019 observed that the credit . . . . . . . .

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Have multiple place of business in same State/UT? – Get Separate Registration

By MayankWadhera

As per S. 22 of the CGST Act, 2017 (Act), every Business who is supplying goods/services as per S. 7 of the Act is required to get itself registered. No . . . . . . . .

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GST: Recent Advance Authority Rulings

By MayankWadhera

Advance Rulings are the mechanism which provides a forum for the taxpayers to clarify their doubts regarding interpretation of the statutory provisions. . . . . . . . .

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RCM Amendment Effective from 01.02.2019

By MayankWadhera

Reverse charge mechanism (RCM) is a mechanism in which the liability to pay tax rests on the Service/Goods recipient & not on the Service/Goods prov . . . . . . . .

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Format of Annual Secretarial audit & Compliance report

By MayankWadhera

SEBI vide its circular CIR/CFD/CMD1/27/2019 dated 08.02.2019 unveiled the format for annual secretarial audit report & annual secretarial compliance . . . . . . . .

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CHOOSING A COMPANY NAME FOR YOUR STARTUP

By MayankWadhera

When a company is set up, it is considered as separate legal entity. So, it also requires a name for identification & recognition purposes. This nam . . . . . . . .

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2019 BUDGET EXPECTATIONS

By MayankWadhera

Budget 2019, last budget of current NDA Government is expected to see various announcements to woo voters. This budget is different from regular budget . . . . . . . .

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GST Exemption Limit increased: Major Relief to MSME

By MayankWadhera

GST Council in its 32nd Meeting held today has announced major reliefs to the Small Businesses by increasing the Exemption Limit for taking GST Registra . . . . . . . .

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DOCUMENTS TO BE KEPT READY BEFORE FILING ITR

By MayankWadhera

Every taxpayer has a duty to file his/her Income tax Return (ITR) by due date prescribed. Otherwise on missing deadline taxpayer will have to pay penalt . . . . . . . .

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FINANCE ACT 2018 & INCOME TAX CHANGES FOR SALARIED CLASS TAXPAYERS

By MayankWadhera

Every person who earns any income and exceeds the basic exemption limit of Rs. 2.5 Lac is required to pay Income tax to government as per Income tax Act . . . . . . . .

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SUMMARY OF CENTRAL TAX RECENT NOTIFICATIONS

By MayankWadhera

Summary of Central tax notifications issued on 31.12.2018:

Notification No. 67/2018 dated 31.12.2018

Extension of time period for co . . . . . . . .

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GST: 18 MONTHS JOURNEY & ITS WAY AHEAD

By MayankWadhera

No doubt introduction of Goods and Service tax (GST) is one of the biggest and important tax reforms in the history of indirect taxation in India. From . . . . . . . .

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ANTI-PROFITEERING AUTHORITY SLAPS RS. 383 CRORE PENALTY ON HUL

By MayankWadhera

The GST anti-profiteering watchdog, National Anti-profiteering Authority (NAA) slapped heavy penalty on consumer goods maker Hindustan Unilever Ltd (HUL . . . . . . . .

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Income Tax Rule change 2018: Must Read points for the Upcoming year

By MayankWadhera

This financial year (2018-19) has witnessed a lot of amendments to the income tax rules, which were introduced in the Budget 2018. The introduction of t . . . . . . . .

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THINGS SMALL BUSINESSES HAS TO DO BEFORE THE YEAR ENDS 31ST DEC

By MayankWadhera

A vast extent of business have December as their Bookkeeping and Money related Year End – so it's the perfect time to return on what should be . . . . . . . .

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GST Council: Key Reliefs for Common man

By MayankWadhera

The GST Council, headed by Finance Minister Arun Jaitley, today slashed rates on 17 goods and six services, such as televisions, movie tickets, video ga . . . . . . . .

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NEW YEAR RESOLUTIONS FOR ENTREPRENEURS

By MayankWadhera

Enhance your sales development 

Catching up with prospects and previous clients is a surefire approach to support your income in 2019.&nb . . . . . . . .

Read Now

How Trade Receivable Discounting System TReDS works?

By MayankWadhera

The Trade Receivables Discounting System, known as TReDS, is a business setup in which the micro, small, and medium enterprises (MSMEs) can apply for cr . . . . . . . .

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How GST is leading to Hawala Transactions?

By MayankWadhera

West Bengal Finance Minister Amit Mitra lashed out at the planning of execution of the GST and asserted that hawala transactions have expanded because o . . . . . . . .

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Hike in Cable and DTH service will create mess for Customers and Cable Operators soon

By MayankWadhera

TRAI's tariff order for TV channels should streamline life for cable and DTH operators and their clients. Be that as it may, given the ongoing Madra . . . . . . . .

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Do Bloggers need to pay for GST?

By MayankWadhera

Each website publisher or a blogger profits online through promotions or moving digital books or through associate showcasing. Goods and services tax or . . . . . . . .

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Must Read these Guidelines before Appearing in GST Practitioner Examination

By MayankWadhera

Following are the Guidelines for the Candidates appearing in GST Practitioner Examination:

A. Guidelines for filling up application form:

. . . . . . . .

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EVERY TAXPAYER HAS TO FILE GSTR-9 ?

By MayankWadhera

Form GSTR-9 is an annual return form to be furnished by all registered taxpayers once in a year under GST including those taxpayers who are registered u . . . . . . . .

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EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS and Free Mockup test

By MayankWadhera

EXAMINATION FOR CONFIRMATION OF ENROLLMENT OF GST PRACTITIONERS

 

The National Academy of Customs, Indirect Taxes and Narcotics . . . . . . . .

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Mockup Exam for GST Practitioners : Basic Level

By MayankWadhera

Goods and Service Tax - Basics

*Required

Email address *

Your email address

Mobile Number *

. . . . . . . .

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HSN Code Finder and GST Rate Finder- Legal Suvidha

By MayankWadhera

1. What is the HSN Code?

The Harmonized Commodity Description and Coding System generally refers to “Harmonized System of Nomenclat . . . . . . . .

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Solution for the problem faced by Taxpayers while filing GSTR-1 due to GSTR-6 open due date

By MayankWadhera

Before explanation of the issue faced by taxpayers due to open due date of GSTR -6 and resolution let us go through the basic requirement of filings and . . . . . . . .

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GST Group of Ministries and Govt. Officials Panel to Deliberate on Re-introduction of Reverse Charge

By MayankWadhera

A Group of Ministers (GoM), along with a panel of government officials will meet today to deliberate on bringing back the liability to pay tax on revers . . . . . . . .

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All about New Income Tax return filing requirements for F.Y. 2017-18

By MayankWadhera

The new ITR forms for 2018-19 notified on Thursday make it mandatory for small businesses to specify their GSTIN and turnover under GST.

From . . . . . . . .

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Income Tax Return Filing changes Applicable from 1st April 2018

By MayankWadhera

Although no changes were made in the income tax rates for individuals, in view of the many positive changes made by the Modi government in the personal . . . . . . . .

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FSSAI to reclassify food businesses to align with GST

By MayankWadhera

Under the GST regime, implemented from July 1, 2017, businesses with an annual turnover of over Rs 20 lakh are required to pay GST.

"We a . . . . . . . .

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A step by step guide to check your Income Tax Return status online and offline

By MayankWadhera

Income tax returns (ITR) filing: Filing income tax returns and tracking it later use to be a tough task. But thanks to e-filing and the government&rsquo . . . . . . . .

Read Now

84 Percent Taxpayers Reported Incorrect Revenue Statements in GST

By MayankWadhera

With only 16 percent of the summary sales returns under GST matching with the final returns, the revenue department has started to analyse major gaps wi . . . . . . . .

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Investment Options with 80C deduction benefit alongwith exemption on yield

By MayankWadhera

You have last few days left with you for making your tax-saving investments. The investment need to be done by March 31 in the Section 80C instruments t . . . . . . . .

Read Now

Delay in GST Export Refund : PM to meet Top Financial Officers today

By MayankWadhera

The Prime Minister's Office (PMO) has called a meeting of top officials of the commerce and finance ministries on Monday to address the problem of G . . . . . . . .

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Beware-of-VPP-SCAM-after-COMPANY-INCORPORATION,-LLP-REGISTRATION-AND-DIN

By MayankWadhera

Details relating to Promoters / Directors of Private Limited Company or Limited Liability Partnership (LLP) have to be submitted to the Ministry of Corp . . . . . . . .

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Major Highlights of 26th GST Council Meeting

By MayankWadhera

1. GST Council in its 26th Meeting held under the Chairmanship of the Union FM, Shri Arun Jaitley today in New Delhi sent a strong positive signal to ex . . . . . . . .

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Filing of Refund Application on Account of Assessment/Provisional assessment/ Appeal/ Any Other Orde

By MayankWadhera

Filing of Refund Application on Account of Assessment/Provisional assessment/ Appeal/ Any Other Order (under CGST Rule 97A/ and relevant Rules of SGST/I . . . . . . . .

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Authorized Capital for Private limited company

By MayankWadhera

Authorised Capital for Private Limited Company Registration

Many of the Entrepreneur’s starting a new private limited company are u . . . . . . . .

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GST on bus body building, retreading of tyres, Priority Sector Lending Certificates etc..

By MayankWadhera

Clarifications issued by CBEC for GST on bus body building, retreading of tyres, Priority Sector Lending Certificates etc.

 

1. . . . . . . . .

Read Now

Forms Available for Condonation of Delay Scheme-2018 at MCA Portal

By MayankWadhera

MCA has introduced Condonation of Delay Scheme-2018 vide its General Circular No. 16/2017 dated 29.12.2017 to Provide relief to Defaulting Companies and . . . . . . . .

Read Now

CBEC Advisory on Clearance of Invoice Mismatches for timely issuance of IGST Refund

By MayankWadhera

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

North Block, . . . . . . . .

Read Now

Quarterly GST Return Filing Process may extend for all Taxpayers

By MayankWadhera

The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to . . . . . . . .

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GST Return GSTR-3B Filing Process is now made more User Friendly

By MayankWadhera

GSTN have modified few aspects of GSTR 3B filing with effect from 21 Feb 2018. Filing GSTR-3B is now made more User friendly

Following Changes . . . . . . . .

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Income Tax Compliance requirements increased for Charitable and Religious trusts

By MayankWadhera

The Finance Budget 2018 has brought fundamental changes in the relief provided to hospitals, educational institutions, trusts and funds registered under . . . . . . . .

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How Nirav Modi did fraud of INR 11,300 Crore

By MayankWadhera

Diamonds are rare, so are the chances of a diamantaire defrauding a bank of more than Rs 11,300 crore. PNB's Brady House branch, less than a kilomet . . . . . . . .

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Changes expected in E-way bill process

By MayankWadhera

The government is looking at complete overhaul of the electronic-way-bill (e-way-bill) system under the goods and services tax (GST) regime instead of t . . . . . . . .

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Reduction in Rates by GST Council

By MayankWadhera

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force

Concessional Rate . . . . . . . .

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100 Practical Issues and Solutions on E-way Bill

By MayankWadhera

1. Who all can generate E-Way Bill?

Ans: Every registered person who causes movement of goods of consignment value exceeding fifty thousand ru . . . . . . . .

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Download the Latest GST Notifications of the year 2018

By MayankWadhera

The Central Government has made certain modifications and changes in the GST Rules and the Procedures in 2018 and has issued the below Notifications to . . . . . . . .

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Important Points of 25th GST Council Meeting held on 18th Jan 2018

By MayankWadhera

Policy Changes recommended by the 25th GST Council Meeting

The Union Finance Minister Shri Arun Jaitley Chaired the 25 Meeting of the GST Coun . . . . . . . .

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How to Register for E-way Bill System

By MayankWadhera

As it is well known that the GST Council has decided to implement the e-way bill mechanism throughout the country from February 1,2018. In a notificatio . . . . . . . .

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Important Recommendations to GST Council

By MayankWadhera

Following are the recommendations given by Law board to be taken up for discussion in 25th GST Council meeting to be held on 18th January,  2018

Read Now

Important Instructions to issue the Tax Invoice correctly under GST

By MayankWadhera

A person registered under GST supplying taxable goods shall, before or at the time of removal of goods for supply to the recipient, issue a tax invoice. . . . . . . . .

Read Now

Change in the process of Obtaining DIN for Incorporation of Company

By MayankWadhera

MCA proposes change in the process of obtaining fresh DIN ( DIRECTOR IDENTIFICATION NUMBER)

It is proposed to reengineer the process of allotm . . . . . . . .

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ICAI Made Representation to CBEC to extend the Due Date of GSTR 1 and Tran 1

By MayankWadhera

The Below Representation is made by tha Institute of Chartered Accountants (ICAI) who are playing a vital role in the Smooth GST Implementation and Comp . . . . . . . .

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Simplifying the Invoice Matching Process - Next GST Council Meeting Agenda

By MayankWadhera

Simplifying the invoice matching process to check tax evasion and the revenue leakages under the composition scheme will dominate discussions of the goo . . . . . . . .

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Demand for extension of deadline for GST return by CAIT

By MayankWadhera

The deadline for filing GSTR-1 for July-November, 2017, will end tomorrow. The Finance Ministry had last month extended the due date for filing GSTR-1 f . . . . . . . .

Read Now

Get Ready for the e-way Bill under GST

By MayankWadhera


 

Under the roll out of Goods and Services Taxes (GST) last year, transporters are required to carry an electronic waybill or e-w . . . . . . . .

Read Now

Checkout the best Tax Saving Investments which suits you the most

By MayankWadhera

While investing in a tax-saving instrument or any financial product for that matter, it is important to keep an eye on the taxability of its income. If . . . . . . . .

Read Now

Clarifications on Levy of GST on Supply of Services issued by CBEC

By MayankWadhera

The CBEC has published some clarifications on the levy of supply of some services due to the reason that many Representations were received from trade a . . . . . . . .

Read Now

Companies Amendment Act 2017 : Key Points

By MayankWadhera

Key Highlights of the Companies Amendment Act 2017:

1. Name reservation in case of new company Incorporation shall be valid for 20 days from d . . . . . . . .

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New GST Flyers issues by CBEC-NACIN

By MayankWadhera

Flyers on important topics of GST are being brought out by the National Academy of Customs, Indirect Taxes, &Narcotics (NACIN),the apex training ins . . . . . . . .

Read Now

Statutory Due Date for the Month of January,2018

By MayankWadhera

Statutory Due Dates for the month of January 2018

07-01-2018 Income Tax Due date for deposit of Tax deducted/ collected for the month of Decem . . . . . . . .

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Raids on angadias to crack down on Jewelers, traders for tax evasion conducted by GST officials

By MayankWadhera

GST officials expect tax evasion worth over Rs 300 crore through the angadia route. The department has booked more than 200 angadia operators from Mumba . . . . . . . .

Read Now

Top VAT Tips for UAE Entrepreneurs to Avoid Penalties

By MayankWadhera

For the first time, United Arab Emirates (UAE) has implemented Value Added Tax (VAT) on businesses in the country effective from 1st Jan 2018. For compa . . . . . . . .

Read Now

Equalisation Levy : Explained

By MayankWadhera

Introduction

EQL was introduced in the Union Budget 2016 and is included in the Chapter VIII of the Finance Act 2016. The Govt. had set up a c . . . . . . . .

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Download the Latest GST FAQs Updated on 01. 01.2018

By MayankWadhera

Download the Latest FAQs on GST Updated on 01.01.2018           Click Here to Download

The compilation of Freque . . . . . . . .

Read Now

Anti-Profiteering Authority served Notices to Alleged Entities

By MayankWadhera

Anti-profiteering notices were served to at least five companies, including a Honda dealer, Hardcastle Restaurants, McDonald's franchisees for West . . . . . . . .

Read Now

Important GST Notification dated 1 Jan 2018

By MayankWadhera

The GST Regime has been continuously bringing many changes in order to ease the Taxpayer in one or the other way. And One of the Beneficial mode introdu . . . . . . . .

Read Now

Start your Income Tax Planning Before the Financial Year EndS

By MayankWadhera

Deduction under Section 80C: Explained

Section 80C of the Income Tax Act replaced the Section 88 with almost the same investment mix available . . . . . . . .

Read Now

GST Return Deadline 31st December : Some Important Guidelines

By MayankWadhera

As we come close to another year, the GST Returns Due Date is also coming closer with just 3 days left. The Deadline of the GST Returns GSTR-1 and GSTR- . . . . . . . .

Read Now

All About FRDI, Financial Resolution and Deposit Insurance Bill

By MayankWadhera

The government will introduce a new bill in Parliament in the winter session called the Financial Resolution and Deposit Insurance (FRDI) bill. 

Read Now

Drafting of New Direct Tax Law Started after the Launching of New Indirect Tax Regime

By MayankWadhera

The finance ministry sets up a six-member task force to draft a new direct tax law that will better serve the country’s economic needs by widening . . . . . . . .

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National Anti-profiteering Authority (NAA) under GST

By MayankWadhera

The Union Cabinet on Thursday approved setting up of the proposed National Anti-profiteering Authority (NAA) under the goods and services tax (GST) to e . . . . . . . .

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Major Reliefs to the Taxpayers Recommended by the 23rd GST Council Meeting

By MayankWadhera

The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has recommended the following facilitative measures for taxpayers:

< . . . . . . . .

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Alert: Raids by GST Department are conducted for GST Frauds

By MayankWadhera

A recent crackdown by the Legal Metrology department of Telangana government has exposed a massive Goods and Services Tax (GST) fraud here where malls, . . . . . . . .

Read Now

New Compliance for VAT Dealers Registered under GST

By MayankWadhera

Now it is the time for the Delhi Taxpayers for an Additional VAT Compliance which is the Disclosure of the Details of the Closing Stock.

As pe . . . . . . . .

Read Now

Attention: Recent Recommendations made by the GST Council

By MayankWadhera

The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affa . . . . . . . .

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How can the Taxpayers change the GST Registration Particulars

By MayankWadhera

Application for Amendment in Registration Particulars (for both core and non-core) service is available on the portal now. Taxpayers who wish to change . . . . . . . .

Read Now

Have you made Mistakes while filing GSTR-3B, Here is the Solution

By MayankWadhera

Fortunately we have entered in the era of GST Regime and have done our GST Registrations also as per the GST Law. Now it is the time to go ahead with th . . . . . . . .

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Steps to follow for First two months Compliance under GST

By MayankWadhera

 Through this article let’s have a look on how the compliance under GST will be done for the first two months i.e. July, 2017 and August, 201 . . . . . . . .

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GST on Textile Sector: Explained

By MayankWadhera

Nowadays A lot of questions are arising in the minds of the traders dealing in various sectors regarding the levy of GST,Rate applicable etc. on their p . . . . . . . .

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Download the Timelines for Applying GST Registration

By MayankWadhera

Click Here to Download the Timelines for Applying GST Registration

As per the GST laws, one is required to take registration on or before . . . . . . . .

Read Now

Checkout the GST Holiday List for your State

By MayankWadhera

Click Here to view the GST Holiday List for Your State.

Since the Government has declared on the GST Portal that the Registration Certifi . . . . . . . .

Read Now

All about Composition Scheme under GST

By MayankWadhera

Composition Levy under GST is well explained in this article with the help of these Questions and Answers:

Q 1. What is composition levy under . . . . . . . .

Read Now

A Complete Guide for Registration Process under GST

By MayankWadhera

Here is the Complete guide for the end to end GST Registration Procedure for the New Taxpayers as well as Existing Taxpayers with the well explained vid . . . . . . . .

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Have Questions on GST? Click here to get the Answers

By MayankWadhera

In order to clear the people's doubts on GST, the Central Board of Excise and Customs(CBEC) has attempted to respond to 100 such questions:

< . . . . . . . .

Read Now

GST Notifications Manual (Simplified)

By MayankWadhera

Central Tax (Rate ) Notifications

1. If a Registered person dealing in the buying and selling of second hand goods, received any intrastate su . . . . . . . .

Read Now

Are you Ready for the Changes coming into effect on July 1 ?? by Legal Suvidha

By MayankWadhera

Although July 1 is well known for the Rollout of India's Biggest Reform GST and is set to enter into history books, but there are several other chal . . . . . . . .

Read Now

A Complete GST Guide: GST Act, Rules and Formats 2017

By MayankWadhera

GST Act 2017

Central Goods and Service Tax (CGST) Act 2017 Click Here

Integrated Goods and Service Tax (IGST) Act 2017 Cli . . . . . . . .

Read Now

Be Ready with the List of Documents Required for Fresh GST Registration to be started on 25 June

By MayankWadhera

Stage is all set for the India's Biggest Taxation Reform greeting on 1 July 2017. In pursuance of this Regime, the Registration process for the new . . . . . . . .

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GST is just a week away, Plan your Purchases Profitably

By MayankWadhera

The Goods and Services Tax will be rolled out on July 1 at midnight which is just a week away. The price market is going to change for most of the commo . . . . . . . .

Read Now

GST Notifications to be effective from 22 June 2017

By MayankWadhera

Days ahead of the rollout of Goods and Service Tax, the government has notified certain sections in the GST Act dealing with mandatory registration of c . . . . . . . .

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Lets Get Ready for GST - GST Quiz

By MayankWadhera

Countdown begins for GST..

All the four laws that we needed to pass have been passed by Parliament. All states need to pass the State GST &mda . . . . . . . .

Read Now

Accounts and Record Rules under GST Finalised

By MayankWadhera

The GST Council on the 16th Council Meeting has finalised the Accounts and Record Rules under GST. Download the Latest Account and Record Rules and Form . . . . . . . .

Read Now

Anti-Profiteering Clause under GST- A Boon or A Bane

By MayankWadhera

The anti-profiteering clause has been provided for in the GST Act to ensure that companies or manufacturers who fail to pass on the benefit of lower tax . . . . . . . .

Read Now

GST Transition Rules 2017 : Key points

By MayankWadhera

Download the Latest GST Transition Rules and Formats published on 06.06.2017:

Final GST Transition Rules

Final GST Transition Format . . . . . . . .

Read Now

Checkout the Present Tax Rates and GST Rates on Certain Goods

By MayankWadhera

The Council, chaired by Finance Minister Arun Jaitley, at its 15th meeting also decided on rates of yarns, agriculture machinery, apparels and rough dia . . . . . . . .

Read Now

GST Return Rules and Formats Finalised

By MayankWadhera

The GST Council in its 15th Meeting cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll . . . . . . . .

Read Now

Beware of Dealing with Non-Compliant Businessman in GST

By MayankWadhera

The 'One Nation One tax' goal seems close to becoming a reality in less than a month. Therefore it is important for the Tax payers to have knowl . . . . . . . .

Read Now

Now it is your turn to be GST Ready

By MayankWadhera

As the proposed GST Rollout date is coming close day by day, a question is arising that Is the Industry and Trade ready for the GST Rollout. But here th . . . . . . . .

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Why GST Compliance is important for Trade and Industry?

By MayankWadhera

• Trade and industry will be assigned a 'Compliance Rating' based on their credibility with regard to timely deposit of taxes to the excheq . . . . . . . .

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Things you should know about GST Return Filing

By MayankWadhera

Small businesses are the backbone of Indian economics. They drive the velocity of country's economics, industrial growth, and catalyst for job creat . . . . . . . .

Read Now

Goods and Services get Cheaper or Costlier from 1st July??

By MayankWadhera

The Goods and Services Tax (GST) has moved closer to the July 1 deadline with the government finalised tax slabs for various goods and services. 

Read Now

List of Services under Reverse Charge in GST

By MayankWadhera

The Rates of services were decided on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly app . . . . . . . .

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List of Exempted Services under GST

By MayankWadhera

The GST Council in its meeting on 19th May 2017 finalised the list of services exempted from the levy of Goods and Service Tax (GST). Most of the Servic . . . . . . . .

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High Sea Sales under GST

By MayankWadhera

Meaning of High Sea Sales:

High Sea sales (HSS) is a sale carried out by the carrier document consignee to another buyer while the goods are y . . . . . . . .

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Impact of GST on Real Estate Sector

By MayankWadhera

The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will elimina . . . . . . . .

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Different Aspects of Registration under GST

By MayankWadhera

The Government is making endless efforts to launch the GST from July 1 which is hardly two months away. Moreover 60 lakh taxpayers have migrated to GST . . . . . . . .

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GST Impact on Textile Industry

By MayankWadhera

The Goods and Service Tax (‘GST’), considered India’s biggest and most historic tax reform is just around the corner. To err is to per . . . . . . . .

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Input Tax Credit under GST: Negative List

By MayankWadhera

Input tax credit will not be available in respect of the following:

(A) Motor Vehicles and other Conveyances

However credit in respe . . . . . . . .

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