Procedure and Criteria for TDS under GST

By | July 26th, 2017|Categories: GST, GST Impact, GST Law, GST News, GST Registration, GST Return Filing|

TDS under GST are introduced 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 [...]

GST Cess and it’s Applicability

By | June 26th, 2017|Categories: GST, GST Law, GST Rate Change|

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 [...]

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GST Registration Process

By | June 21st, 2017|Categories: GST, GST Law, GST News, GST Registration, Videos|

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 [...]

Exemptions under GST Registration

By | June 21st, 2017|Categories: GST, GST Law, GST News, GST Registration, Videos|

This article is all about the exemptions under GST registration mentioned by the Government of India. GST registrations will start latest by 1st July 2017. There are some people who are exempted from the GST Registration based on what is the nature of their supply. [...]

Relaxation under GST Return filing

By | June 19th, 2017|Categories: GST, GST Law, GST News, GST Return Filing|

Introduction GST Council has decided to implement GST from 1st July. Finance Minister Arjun Jaitley announced that there will be a special launch of GST at New Delhi on the midnight of 30th June.  Now it’s certain that GST roll out date won’t be postponed from 1st July 2017 but necessary relaxation in return filing rules will be given. The objective [...]

Composition Scheme under GST

By | June 19th, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

Goods and Services Tax (GST) is set to bring a new regime of business compliance in India. Now-a-days, large organizations have resources as well as the expertise in order to address these requirements. On the other side, many Start-ups and Small and Medium Enterprises [...]

Tax rates under GST

By | June 19th, 2017|Categories: GST, GST Impact, GST Law, GST News, GST Rate Change, GST Return Filing, HSN codes|

It's only less than a month left until Goods and Service Tax (GST) sees the light of the day. India's biggest tax overhaul crossed its final hurdle last week when GST Council agreed tax rate for gold and silver jewellery at 3%. Here is a summary of the GST tax rate and their impact on Indian Consumers. List of [...]

GSTR 3: Return Formats, Filing Process, Due Dates

By | June 19th, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

What is GSTR 3? We have already discussed various heads under GSTR 1 and GSTR 2. GSTR 1 requires the taxpayer to furnish details of outward supplies or sales. GSTR 2 requires furnishing details of inward supplies or purchases. Here we will discuss various heads and their [...]

Thresholds and Eligibility criteria under GST

By | June 19th, 2017|Categories: GST, GST Law, GST News, GST Registration, GST Return Filing|

Introduction The thresholds and eligibility criteria are generally laid on the basis of aggregate turnover of an assessee. Under GST law, it provides certain exemptions from paying tax, applying for registration, eligibility criteria to avail composition scheme, applicability of TDS provisions and requirement of mentioning the HSN/ SAC codes, all of which is based on the aggregate turnover. [...]