CGST

Whether amortisation cost of Dies & Moulds supplied on Free of Cost (FOC) to Components Supplier to be included in the cost of the components for the purposes of levying GST Amortarisation of Cost of Moulds and Dies treatment under…

Sales by SEZ to DTA: Goods and Services Tax is one of the most comprehensive single tax reforms of independent India. GST is a comprehensive indirect tax levied on goods as well as services at the national level. It consolidated multiple…

Concern in Job work and E Way Bill: Job work is an integral part of several sectors since many businesses outsource a part of their manufacturing activities. Job work can include initial processing, further processing, assembling, packing…

GST Blocked CSR….?: Goods and Service tax was rolled out in midnight of 1st July 2017 with big bang and whole country witnessed it. In federal system of the country GST was a challenge for any government that is why it took almost seventeen…

With the introduction of GST from 1st July 2017, India has moved towards a single indirect tax regime for goods & services for the entire country with uniform law. In view of the majority of taxes getting subsumed, there are numerous…

GST Invoice Rules 2020, GST Invoice Format: An invoice is a commercial instrument issued by a supplier of goods/services to a recipient. It identifies both the parties involved, and lists, describes the items sold/services supplied,…

Classification of Goods under GST Regime: In any indirect tax, classification of goods is very vital. The same has very wide implications particularly in case of multi rate tax structure like GST as we are aware that classification of goods…

Transition Provisions under CGST Act, 2019 & Transition Rules 2019. The section numbers referred to in the Chapter pertain to CGST Act, unless otherwise specified. The expression ‘the Act’ refers to CGST Act, unless otherwise specified.…

GST Impact on Health Care Services: GST rollout w.e.f 01st July 2017 was a planned event for ministry and department, but all most all business entity was expecting a delay and hence preparation was really half-hearted. But, the dream of…

Functions entrusted to a Panchayat, municipality, Govt under GST. The GST aims to provide a more simplified tax regime, wherein plethora of Central and State taxes have been subsumed under a single tax, with a view to create a single market…