Movement of goods to job workers is an essential business situation which occurs frequently. Many times a manufacturer send goods to a job worker for getting further work done on them
Imagination and expectation does not always come true. When this expectation stands in baseless it creates panic and confusion in the reality.
Provided that the date of receipt of payment shall be the date of credit in the bank account when such credit in the bank account is after four working days from the date of change in the effective rate of tax.
Credit not to be reversed when inputs shown as scrap at lesser value and not written off
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.
Analysis of impact of draft gst provisions on mfg sector
In this article, we move on to discuss time of supply of services
GST will impact on each and every industry & business in India.
Many of the companies had created multiple units in the past to save on taxes but such incentives will cease to exist under GST.
Glimpse of Invoices under Revised GST Model Law
Certification Course on GSTR-3B Reconciliation with GSTR-2B using AI Tools