Shifting of existing Input Tax Credit on Closing Stock in GST - As per Transition Provision U/S 140(3) of CGST Act 2017.
GST finally would be implemented from 1st July 2017. This is a big & long awaited tax regime in India which will contribute all indirect taxes come under one roof
As per section 140(2) of the GST Act company shall be allowed to carry forward the unavailed CENVAT credit on capital goods not carried forward in return for t
How many times you visited a Restaurant and got amazed by the taxes there on and not amazed by the actual amount of bill.
A Strong and well balanced Economy can absorb any big challenges which emerges from big reforms.
SECTION - 140CLAIMING OF ITC(1) Amount of CENVAT credit carried forward in the return relating to the period ending with the day immediately preceding the
IGST Means:"Integrated Goods and Services Tax" (IGST) means tax levied under the IGST Act on the supply of any goods and/ or services in the course of inter-St
GST is going to be introduced in our country from 1st. July 2017 and now it is a matter of Public discussion these days and it is natural also because Lakhs of ..
A debate between the Characters in GST. ie., Goods, Services and Tax.
Under the current Service Tax Law tax on Reverse Charge basis is leviable under various services but the concept of Reverse Charge on goods