The GST liability for supplies after 1st July is applicable for all the contracts where the exemption under ST got omitted due to law itself being changed.
GST as we all know is the 'Goods and Services Tax' has came in effect from the 1st of July 2017, a destination based consumption taxation which is introduced with an objective of eliminating the Cascading effect of taxation under current regime.
Presently the GST challenges include that on classification which may take some months to become clear.
FAQs on GST, covering almost all the aspects relating to Registration
CGST (Fourth Amendment) Rules, 2017
This article talks about the option of availing Composition scheme under GST
Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.
Different Goods and Service Tax rates made sweets cheaper if consumed at the counter compared to the ones you enjoy seated at the table.
The comprehensive dual Goods & Service Tax has been come into force from July 01, 2017. Multiple indirect taxes have subsumed into it. It will also have eno
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