Tax Refund under GST
Introduction Tax refund includes refund of tax on goods and/or services exported out of India or on inputs or input services used in the goods and/or services which are exported outside India, or refund of tax on the supply of goods regarded as deemed exports, or refund [...]
Procedure and Criteria for TDS under GST
The provisions of TDS are introduced in the law in order to regulate unorganized sectors in the market. We are providing all the information related to the procedure and criteria for TDS under GST. It may be noted that as per the notification issued by the government on 26th June 2017, the provisions of TDS has been put on hold [...]
Input Tax Credit under GST
Meaning of Input Tax Credit under GST Input Tax Credit under GST is a credit which is available to supplier to set off the tax he has paid on purchase of goods from output tax on sale of such goods. Hence, the tax will levy on the [...]
GST Cess and it’s Applicability
GST Cess GST cess is a compensation cess imposed under section 8 of Goods and Services Tax (Compensation to State) Act, 2017. It would be imposed for a period of 5 years from GST implementation. Both intrastate and interstate supplies of goods or services would attract GST cess over and above the applicable CGST, SGST, and IGST rates. Why is GST cess imposed? GST [...]
Reverse Charge under GST
Reverse Charge means the liability to pay the tax by person receiving goods and/or services instead of the person supplying the goods and/or services in respect of specified categories of supplies. In India, the concept of reverse charge under GST is being introduced which is already present [...]
GST Registration Process
Introduction GST registration process is an important function to become a part of GST. This article would help the readers to solve their queries related to the GST registration process. GST registration process will be online through a portal maintained by GSTN (Goods and Services Tax Network). The [...]
Connect with us