CGST

Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. Once GSTR 1 and GSTR 2 are filed a dealer is…

Structure of GSTIN in 2018-19: GSTIN stands for “Goods and Services Tax Identification Number” unique to a legal person (Individual, Partnership, LLP, AOP/BOI, Company etc.,). Each tax payer who is obligated or volunteered to register…

Combination between GST and TDS and GSTR 7: We all are familiar with the concept of TDS in respect to Direct Tax, now with GST in force there is a provision for deduction of tax in Indirect Tax too. Let us know more about the combination of…

Place of Supply of Goods in GST: GST is a destination based tax, i.e., the goods/services will be taxed at the place where they are consumed and not at the origin. So, the state where they are consumed will have the right to collect GST. …

What is GST?, What is Goods and Service Tax, GST and India. The Goods and Services Tax, Globally known as VAT or GST is levied on “Taxable Supply”. Since India is a federal country, it has Central as well as State as its participants. The…