GST 2016

2018 Budget Live

Live Update Keep watching here for more updates  The government will provide eight crore free gas connections to women under its Ujjwala scheme, and 4 crore electricity connections to the poor under Saubhagya Yojana The govt will aid the governments of Delhi, Haryana, Punjab to curb air pollution, says Jaitley. Rs 14.34 lakh crore rupees Read more…

By whatsq, ago
GST 2016

Analysis of Place of Supply rule of IGST sec-10 and “Bill To Ship To”

GST is principally “Destination based tax” which means tax will charged based on ultimate destination of Goods. Section 10 of IGST Act also confirm the same in Sec-10(1)(a), which says. “where the supply involves movement of goods, whether by the supplier or the recipient or by any other person, the place of supply of such goods shall be the location of the goods at the time at which the movement of goods terminates for delivery to the recipient;” But Sec-10(1)(b), has the different provision from stated above and this provision says the Place of supply will the location of Third party where the Goods move from one place other under instruction of third person, in such situation it is possible that Destination location of the Goods may not be the location of the Third person who has facilitated or instructed for the transaction.

By whatsq, ago
GST 2016

GST 23rd Meeting Highlights

GST 23rd Meeting Highlights   “Goods and Service Tax” Changes in GST return filling • The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be finalized by a Committee of Officers. Till then, filing of GSTR-1 will continue for the entire period Read more…

By whatsq, ago
GST 2016

India GST News: 1 Minute read 11th Oct 2017

Finance Minister @ColumbiaSIPA: The world can look forward to a bigger & cleaner Indian Economy in the coming years. @FinMinIndia pic.twitter.com/XAOrou2gOT — India in New York (@IndiainNewYork) October 10, 2017 IGST refund Scroll for 271 Shipping Bills amounting ₹10.5 Crs generated . IGST refund will be credited soon in exporters Read more…

By whatsq, ago
GST 2016

GST Council Decisions (1 to 20)

GST Council Decisions: We have kept all the decision of 22 GST council meeting from ASK GST Tweet feed in readable format. check more at : Twitter  OR/  Whatsq GST Feed  GST Rate changes as per 22 GST Council Meeting Press release for 22nd GST Council meeting

By whatsq, ago
GST 2016

Press release for 22nd GST Council meeting

Followings were the major points for 22nf GST council meeting Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores. E-way bill provisions deferred till April 2018. Reverse charge to be abolished till 31.03.2018. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid Read more…

By whatsq, ago