Provided that the date of receipt of payment shall be the date of credit in the bank account when such credit in the bank account is after four working days from the date of change in the effective rate of tax.
Credit not to be reversed when inputs shown as scrap at lesser value and not written off
GST is in the offing and there is a lot of doubt about it in the market as well as in mind of public. Industry preparedness is waiting for definite law.
Analysis of impact of draft gst provisions on mfg sector
In this article, we move on to discuss time of supply of services
GST will impact on each and every industry & business in India.
Many of the companies had created multiple units in the past to save on taxes but such incentives will cease to exist under GST.
Glimpse of Invoices under Revised GST Model Law
Key takeaways of 10th GST Council meeting
Reverse charge mechanism and remission of tax under the GST regime
The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government
In GST, credit will be allowed for almost each penny of tax paid on inward supplies.
Section 33: Furnishing details of inward supplies
GST and ERP Challenges
Outward Supplies in GST
Time of supply of goods - present vs GST
Time of Supply of Goods & Services
Demystifying supply as per revised model GST law
The provisions relating to filing of appeal to the appellate tribunal are discussed in this update
Returns under Revised GST Model Law
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