Registration in GST: all you need to know
The requirement of registration in GST- There can be various instances to generate the liability to take registration in GST. Turnover is one of the criteria. In some cases, registration may be mandatory even without any outward supply. Let us elaborate on all these scenarios.
Returns in GST as modified by Draft rules
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
Outcome of day one of third meeting of GST council
Day one of third meeting of GST council was quite productive. Matters of prime importance were discussed and the 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
Agenda for third meeting of GST council and why it is crucial
As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today- 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
Impact of GST on IT sector : By CA Rashmi Jain
Impact of GST on IT sector 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.
Impact of GST on Importers and Exporters: By CA Rashmi Jain
Impact of GST on Importers and Exporters 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
GST and Logistic Industry – Likely scenario
Presently the transporters transporting goods and engaged in logistics business suffer from a very complex and tax centric approach. GST will have impact on this industry – perhaps more than other service providers. 2. The industry at present keeps in mind the provisions of CST
Are Directors Personally Liable for Company’s Tax Dues?
Are Directors Personally Liable for Company’s Tax Dues? In Anita Grover v. CCE [2013] 22 GSTR 264 (Delhi), the petitioner, an erstwhile director of the company, owned three proper¬ties. After she had resigned from the post of director of the company on April 2, 199, she received three
Judicial stamp papers don’t have any expiry period being used for a document
Judicial stamp papers don’t have any expiry The Trial Court and the High Court have doubted the genuineness of the agreement dated 5.1.1980 because it was written on two stamp papers purchased on 25.8.1973 and 7.8.1978. The learned counsel for first respondent submitted that apart
