All About Composition (Lumpsum) Scheme under GST
The Goods and Services Tax (GST) regime came a step closer to meet its 1st July target of rollout, on 29th March 2017 with the Lok Sabha approving four supplementary legislations.
This article is based on the GST Bill 2017 which was released in public domain in last week of March 2017.
ITC is critical for the competitiveness for industry. trade and services.
If these procedures are properly followed, Input tax credit can be availed seamlessly leading to smooth flow of credit in the tax system.
Place of supply in GST law is of primary importance in GST. It is needed to determine if IGST is payable, or such supply is import/export of services.
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.
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.
This article series is the first of many parts based on the GST Bill 2017.
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