Goods & Services Tax (GST) is a comprehensive indirect tax system which works on self-monitoring mechanism. Under GST a normal taxpayer needs to file monthly returns and an annual return.

GST has provided an easy and simple way of payment of taxes. Under GST regime, all the taxpayers will get three electronic ledgers namely

As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the new tax regime, people are still bewildered whether under GST property rates will access or not ?

Goods and Service tax will be one tax to subsume all taxes. It will bring in the To maintain a check and examine whether correct GST is being paid and the refund is claimed…

Where a supplier is not required to charge any tax, he shall raise a bill of supply instead of invoice. Bill of supply will be raised by:

Goods and Services Tax aims at providing seamless flow of credit throughout supply chain.

All registered taxpayers are free to design their own invoice format under GST However, it is required that certain fields as mentioned in the invoice.

Taking a strong note of builders and construction companies forcing buyers to make full payment before the roll-out of the Goods and Services Tax (GST) on July 1, the Center has warned builders of punitive action for trying to mislead home buyers that they will have to pay more tax under the GST regime.

Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person.

Both Composite supply and Mixed supply consist of two or more taxable supplies of goods or services or both.

There is a sharp cut in the rate of making charges for jewellery and diamond processing industry, the Goods and Service Tax (GST) Council reduced the applicable rate on making charges from 18 per cent to just 5 per cent.

Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply of goods and supply of services. In this issue, activities which form supply of goods are discussed. The next issue will cover the list of activities to be treated as supply of services, as enumerated in Schedule II.

Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply of goods and supply of services. In this issue, activities which form supply of goods are discussed. The next issue will cover the list of activities to be treated as supply of services, as enumerated in Schedule II.

Section 22 of the Central Goods & Services Tax (CGST) Act, 2017 specifies persons who are liable for registration under GST whereas section 24 of CGST Act 2017 specifically provides list of persons who are compulsorily required to take registration. A list of such persons liable to obtain registration under CGST Act 2017

Goods and service tax network (GSTN], the technology backbone of GST. It provides IT infrastructure and services to the Central and State Governments, taxpayers and other stakeholders for implementation of the GST.