Types of GST Return Filing Forms

By |2020-03-16T02:56:23-05:30June 16th, 2017|Categories: GST, GST Law, GST News, GST Registration, GST Return Filing, Videos|

GST is to be implemented countrywide from 1st July 2017 for all existing assesses of VAT, Service Tax, Excise Duty etc. It envisages the creation of a single market by removal of state boundaries for all levies and elimination of tax burden due [...]

Valuation of Supply under GST

By |2017-06-20T07:38:44-05:30June 16th, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

Introduction Valuation of supply primarily revolves around the determination of the value of supply of goods and or services on which tax is to be levied. Valuation of supply of goods or supply of services shall be the transaction value where the supplier & [...]

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GSTR 2 Guide : Return formats, Filing process, Due dates

By |2020-09-14T00:23:02-05:30June 14th, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

What is GSTR 2?   According to GST law, every registered taxable person is require to submit “Return for Inward Supplies” in GSTR 2. The entries in GSTR 2 shall be mentioned by the buyer from 12th to 15th of the succeeding month. Adjustments, if any, is allowed to the seller in GSTR 1A on the 16th and [...]

GST Electronic Ledger: Cash ledger, ITC & Tax liability ledger

By |2020-03-16T02:50:31-05:30June 14th, 2017|Categories: GST, GST Law, GST Return Filing, Videos|

Introduction Under GST, taxpayers will not have to maintain ledgers manually. Instead GST electronic ledger will be maintained on the dashboard of the taxpayer by GSTN. In this article, we will talk about different types of GST electronic ledger such as Cash ledger, Input [...]

What is Place of Supply in GST Regime?

By |2020-03-16T03:03:20-05:30June 14th, 2017|Categories: GST, GST Law, GST News, Videos|

Meaning In simple terms, Place of supply means the place where a supply of goods or services is made & where the GST may be charged or paid. Determining the location of supply of services may be difficult especially in inter-state services. In some [...]

Different Types of Supply under GST

By |2020-03-16T02:22:46-05:30June 14th, 2017|Categories: GST, GST Law, Videos|

Meaning In this article, meaning of the term ‘Supply’ and the various types of supply are discussed for the information of the readers. Supply of goods or services or both is defined as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to [...]