Articles by Vikas Modi

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Composition Scheme under GST with illustrative examples

Posted by Vikas Modi 09 April 2021 50455 Views

Need of composition Scheme:Compliances in the GST Law are very high which cannot be complied by the small dealer, small manufacturer

Valuation of Supplies under GST with Practical Examples

Posted by Vikas Modi 07 March 2018 11507 Views

Value of Supply under GST with Practical ExamplesValue of Supply:GST will be levied on the value of supply. In other words to levy GST, correct value of supply ...

Free Samples & Promotional Items under GST with examples

Posted by Vikas Modi 01 January 2018 102173 Views

Free Samples & Promotional Items under GSTINPUT TAX CREDIT ON FREE SAMPLES Section 16(1) of the CGST ACT Provides that every registered person entitled to t

GST Impact Study for Jewellers

Posted by Vikas Modi 13 December 2017 44704 Views

GST IMPACT STUDY FOR JEWELLARY SECTORGST Council has decided 3% rate of GST on Gold under chapter 71. In the GST regime prices of Jewellery will be high as comp...

Time of supply under GST with Examples

Posted by Vikas Modi 23 June 2017 36407 Views

Time of Supply with ExamplesNeed and Meaning of Time of Supply:For the purpose of paying tax liability, point of taxation is required. Time of supply is nothing...