This circular was on sales promotional schemes and the availability of tax credit (ITC). It clarified the position of GST as under: A. Free Samples/ Gifts: In
Background:The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28thmeeting ...
The proposed GST returns Normal, Sugam and Sahaj have been released by the CBIC. Assessees with a turnover of up to Rs. 5 crores will have an option to choose
Background Every registered person is eligible to avail credit of input tax charged on any supply of goods or services, which are used in the course or �f
Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge Mechanism, the receiver of goods or service is becomes liable ...
Exemption from registration for any person engaged in Exclusive supply of goods.[1]Any person engaged in exclusive supply of good and whose aggregate turnover i...
CBIC has issued a circular dated 7th March 2019 clarifying matters relating to sales promotion schemes/discounts under GST.Subject:- Clarification on various do...
The Goods and Service Tax Network (GSTN) has enabled a new functionality in the GST Portal "Comparison of Liability declared and Input Tax Credit claimed&q
The GST Council in its 32nd meeting held on 10th Jan 2019, interalia, had took following decision which is made effective from 1st April, 2019 by way of relevan...
FOR FY:2017-18 If you have not claimed ITC for FY:2017-18 till date, March 2019 is the last chance to claim ITC. If you want to make any corrections or amendmen...
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