Under the GST provisions, every registered person is eligible to take ITC of goods and services, intended to be used in the course or furtherance of business, subject to other prescribed conditions. T

​In the GST (Goods and Services Tax) regime, all forms of supply of goods or services are chargeable under GST. These are also to be noted under Schedule 1 and could be charged even if there is

A person including broker, commission, agent, del creder agent, auctioneer or any other person running a business of supply of goods and services on behalf of other person is an Pure Agent.

The idea of a Goods and Services Tax (GST) for India was first mooted sixteen years back and The Bill was passed by the Rajya Sabha on 3rd August 2016 and by the Lok Sabha on 8th August 2016. After ra

The 25th GST council meeting was held on 18th January, 2018 in New Delhi. The following recommendations have been made by the GST Council:

GST in its way as adopted by Indian Government and public of India from July 01 2017 has been pass through various changes and amendments through various council meetings.

Tax rate on restaurants in old regime: In context of restaurants ,range of VAT rate was generally between 12.5-14.5 per cent as per the individual State VAT laws and rate on service tax on restauran

Online Information Database Access Retrieval Services (OIDAR) is a category of services provided through the medium of internet and received by the recipient online without any physical interface with

Eligibility for LUT in place of Bond ​1. Applicable on all kind of Suppliers​ 2. Registered Suppliers​ 3. Has not been prosecuted for any offence under the Central Good

GSTR 3B is a simpler return that businesses need to file in the first two months of GST (July and August, 2017) instead of the normal returns – GSTR 1, 2 and 3.Under GST, a registered dealer is

With India becoming GST ready, there is a dire need for startups (or SMEs) to understand the core concepts of the lawand its practical application in their businesses. Stakeholders of the startup ecos

Goods and Service Tax is being glorified as a system of taxation by which economy will take an upward swing and further it will ease the trade and industry with respect to the indirect tax system of t

With just 4-days left for the goods and services tax (GST) rollout, the government has deferred implementation of Tax Deducted at Source (TDS) and Tax Collection at Source (TCS) provisions as well as

GST has biggest tax reform in the Indirect taxation history, hitting the several tax rates and compiling the all indirect taxes under one roof by centralising the governments motive “One Tax, On