How Will GST Impact The Service Sector?
The service sector in the country amounts to a considerable share in the GDP and its performance is critical. The service sector in the country is characterized by series...
Tag Archives: tax
Posts under "tax" tag
Offences And Penalties Under GST
The main difference in the existing tax structure and the GST is that the new regime will put an end to multiple taxes levied on different products and services...
How To eSign A Document Under GST?
What Is eSigning? Electronic signature is an electronic enabled service that allows an Adhaar card holder to digitally sign a document. In case where a taxpayer chooses to electronically...
What Are Imports And Exports Under GST?
Under GST, a person importing goods has to pay customs and IGST. CVD and SAD levied under the current regime will be replaced by IGST. IGST will be imposed...
A Guide To Accounts And Records Under GST
Section 35 of the CGST Act read along with GST Accounts and Records rules provides that every registered person shall keep and maintain all records at his respective place...
GST: Invoice, Debit Note And Credit Note
An invoice forms a crucial function when it comes to execution of transaction. The invoice is a document sent to a buyer that specifies the amount and cost of products...
Time Of Supply Under GST
Under GST, the levy of tax on manufacture, place of provision of service and point of taxation of services will be replaced by the concept of “Supply”. The time...
GST Rates In India: What Gets Costlier And Cheaper?
The Goods and Service Tax (GST) has been one of the key things that has caught attention of the Indian business market. With a lot of changes over a period...
A Brief On Valuation Of Supply Under GST
The ‘One India, One Tax System’ termed as the goods and service tax or GST poses a question to many as to what is valuation of supply and how...
What Does Place of Supply Mean Under GST?
Supply is a fundamental concept that includes all the provisions of the goods and service tax around it. Place of supply under GST defines whether the transaction will be...
Types Of GST Compliance In India
The largest tax reform of the nation yet, the Goods and Service Tax (GST) aims to bring the entire Indirect Tax market under one umbrella. With such a major...
A Brief On Returns Under GST (GSTR)
GST everywhere!! With less than a week after GST came into effect in India, dealers are anxious about registration and compliances under the new law. Worry not, let us...
Why Is GST Necessary In India?
The implementation of the Goods and Service Tax is the most significant tax reform yet for India, conceptualised and structured by various Governments from as early as 2000 and...
What Is GST And How Does It Work?
The Government of India plans to roll out India’s largest tax reform i.e Goods and Service Tax (GST) on the 1st of July 2017. With GST coming into effect,...
Composition Scheme Under GST
Every tax authority aims towards the timely collection of taxes and to ensure filing of correct returns. These two aspects come with a lot of additional work involved such...
Types Of Taxes Under GST In India
Although, the ultimate aim of introducing the Goods and Services Tax Bill is to simplify the cumbersome nature of our Revenue system, it can still be bifurcated to more...
How Does GST Impact Manufacturing Sector In India?
The major economic drive for the nation and for developing economies across the world has been the manufacturing sector in India. However, its performance has been uninspiring following the...
Supply Under GST – Types, Exemptions And Its Importance
Tax is levied on the provision of a service and the manufacture, sale or transfer of goods from one territory to another. Under GST, tax is levied on the...
GST Registration In India: Who, How And Why?
Registration is an important component for migration to GST from existing taxation systems. With GST on the verge of rolling out, it is important to note who has to...
General Costs Involved In Incorporating Your Company
Incorporation is the formation of a new legal entity that is recognized as a legal person in the eyes of the law. Incorporating a company is not compulsory although,...
