CGST

FAQ's on Application to Opt for Composition Scheme. Can I opt for the composition scheme. You can opt for the composition scheme if you are a regular taxpayer with an aggregate annual domestic PAN-based turnover not exceeding INR 50,00,000…

GST TRAN 1 Do's and Don'ts, Troubleshooting GST TRAN 1 issues. Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her…

GST Key impact on Entertainment and Media sector: GST was introduced in India on 1 July 2017 and was applicable throughout the country except in the state of Jammu & Kashmir where it was introduced on 8 July 2017. Introduction of GST is…

GST Gains and Pains on Rates, Registration, Compliance, TRAN. However, indirect taxation in India has witnessed a paradigm shift on July 01, 2017 with usherance into a unified indirect tax regime wherein a large number of Central and State…

Anti Profiteering Provisions: The concept of Anti Profiteering though being discussed off late but in substance was prevailing in India since bygone era. As the name suggests, these rules prevent entities from making excessive profits due…

Seven Key issues in GST: Even after almost four month of the launch of GST in India, people and businesses are still struggling to accept it completely. Let’s see how people from different areas are reacting to GST and what are their…

GST Post Implementation Challenges: GST is basically an indirect tax that brings most of the taxes imposed on various goods and services at the point of manufacture, sale and consumption of goods and services under one umbrella at the…

An insight of section 35(1) and rule 56 of GST: GST shall be levied on supply of goods or services or both on the transaction value as defined in section 15 of GST Act read with the valuation rules.The taxable person shall maintain their…

Practical Approach of GSTR 2: For filing GSTR 2, the given below question & answer will be useful. Similarly, for understanding GSTR-3B & GSTR-1. We have already published in our earlier Articles. What is GSTR-2? Every registered…

FAQs on Making GST Payment via Credit, Debit Card, NEFT, Offline. Check out various Question and answers related to making GST Payment via online and Offline Mode... FAQs on Making GST Payment 1. What are the online modes of payments…