Understand GST on used vehicles. Learn about rate changes, special valuation rules, and how to calculate GST on second-hand car sales in the UK.
Understand Reverse Charge Mechanism (RCM) for imported services and intellectual property under GST. Learn taxability, place of supply, and time of supply rules.
The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.
FY 2018-19: Actions in September 2019 returns
Introduction:The main intention of removal of difficulties (ROD)order no. 02/2018 was to facilitate all the registered persons providing additional opportunity ...
SUMMARY OF NORMAL RETURN:This document contains discussion on various details to be filled in the new �NORMAL� return. Readers could refer to the fo
IntroductionThe GST council in its 27th council meeting on 4th May 2018 had approved the proposed simplified GST returns format.In the 31st GST council meeting ...
ITC ineligible Changes w.e.f 1st Feb �19 This article is prepared considering the changes in ITC eligibility under GST which are effective from 0
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English