Short summary of GST forms, returns, due date with extension, late filling with interest & penalty, recent updates of GST council meetings
There are several returns and rules in GST Normal Scheme which are really very annoying thing for small taxpayers. To give relief to the small taxpayers, govern..
This update is about the interpretation of term "relevant date" & its significance in determining the time limit for filing the refund claim.
5W's of Composition Scheme under GST
This article is for the suppliers engaged in supply of food and beverages by way of restaurant, eating joint, mess, canteen, and those located in hotels, etc.
The Finance Ministry has also urged the companies to pass the benefits to the consumers as soon as possible. Unfortunately, the benefit of tax reduction not pas..
"Merchant Exporter" means a person engaged in trading activity and exporting or intending to export goods. Merchant exporters are instrumental to boost exports ..
BJP government had entirely overhauled our indirect taxation system. On the line of Canada and France, India had somewhat introduced a unique and cooperative federalism taxation regime
A builder is supposed to collect an amount for repairs and maintenance of flats. This collection is being kept in a separate account dedicated for the purpose.
A registered person shall not be entitled to take credit of input tax charged on any supply of goods or services notwithstanding anything contained in sec.49
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