What are the points that one should consider before choosing whether to go for Composition scheme or Regular Dealer
No supplier distributes anything for free. Cost of everything distributed free is already built in in price of taxable supplies, on which tax is being paid by t..
I am attaching an article on GST and its interpretations and benefits to all the stakeholders.
Conditions Necessary to get Entitlement of Input Tax Credit under GST
Timely and strict compliance of the law being the back bone of self-assessment under GST, becomes more important for every registered person under GST.
GST under reverse charge on Goods Transport Agency (GTA)
A draft format for tax invoice under GST regime has been made following the invoice rule and section 31 of CGST Act.
'Place of supply' means the place of supply as referred to in Chapter V of the Integrated Goods and Services Tax Act.
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