While there is no structured study undertaken with the relevant data that is known to My Take; an attempt is made in this note to understand and appreciate the impact of India’s GST model on retail trade. 1. Input Tax Credit is
Step-1: Calculate tax payable in cash Step-2: Generate CPIN number in FORM GST PMT-4 on common portal by entering the detail of amount of Tax (CGST, IGST & SGST), Interest, fees, and Penalty etc payable. Generated challan shall have 14 digit CPIN number (Common portal
Reverse charge is going to be an important aspect for GST as now reverse charge will be not only on services but also be applicable on Goods. We have summarized all the provisions relating to reverse charge here in this post.
GST Model Law simplified : Part 1 GST Model Law simplified : Part 2
This is very important topic under GST. Please find attached the pdf for detail analysis on valuation in GST.
This is a 54 minutes long audio presentation on GST by Mr. Bimal Jain at PHD Chamber of Commerce, Delhi. About Mr. Bimal Jain Mr. Bimal Jain is one of the most renowned authority on GST. Mr. Jain qualified as Chartered Accountant in May 1994 and
GST is the tax levy on supply of Goods and/or services.It is important to understand what is the meaning of services under GST. Article 366 (26A) of Constitution of India defines services as “Services means anything other than Goods” This definition provide very wide scope
In our last article we mention the process of transition of existing registered person to GST. In this post we will explain the process for a fresh registration under GST. The GST council in its second meeting approved the draft process and registration forms to