Dear GST learners GST draft return rules are adopted by GST council. In this post we will give you detail analysis of GSTR-2
Type of returns in GST We all know that in last meeting of GST council it adopted some draft rules. Format for GSTR were also one of them. Return forms in GST have changed and now take care to refer only amended forms. Here we
GST Council agreeing on a formula Today to compensate states in case of a revenue loss after moving to the new system. On compensation to states, 2015-16 will be taken as the base year for calculating revenue assuming a secular or long-term growth rate of
Day one of third meeting of GST council was quite productive. Matters of prime importance were discussed and consensus was made on some of them. Four rate tax structure: GST council has agreed to a four rate tax structure wherein 6% will be the least
As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today, here is a look at the the agenda and key challenges before the council. Agenda 1) Tax rate: This is the most important and vexed issue as the prices of
Dear Learners We have compiled this article for detailed knowledge of GSTR-1 required to be filed under section 25 of GST Model Law.
IT services will definitely get taxed at a higher rate than the prevailing Service Tax rate of 14.5%. Thus prima-facie it appears that cost of IT services would jump, especially for end customers who do not claim input credit Today, most IT service providers have
We are seventh largest economy in the world and presumably fastest growing. Imports and exports both show economic growth and the trends in domestic Indian demand for goods and services. GST will change the way of doing business in the country. It will significantly impact
Dear Learners Provisions for composition dealer in GST Model law are giver here. You can listen to this audio here.
Dear Learners Please find the audio for definition of “Input service distributor” under GST Model Law