GST Council meeting: Initial meet under brand-new FM allows annual return date extension

By | 2019-06-21T14:00:21+00:00 June 21st, 2019|Categories: GST|Tags: , , , , |

Annual Return Date Extended The Council additionally adopted a two-year expansion of National Anti-profiteering Authority. Sitharaman, who won over as Finance Minister last month, led over the 35th meeting of the GST Council. Leading over the initial GST Council meeting,  the deadline to register annual return via a month to August 30. This has been done [...]

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What is the concept of supply under GST?

By | 2018-08-08T07:26:15+00:00 February 7th, 2017|Categories: GST|

Concept of Supply under GST The basis of charge of GST is the supply. So the concept of supply needs to be clear in order to determine the applicability of GST. In general, supply for GST purposes covers all forms of supply where goods and/or services are supplied in return for a consideration. Any transaction involving supply [...]

How will Imports be Taxed Under GST?

By | 2018-08-08T07:24:34+00:00 February 7th, 2017|Categories: GST|

The present government has put the much-awaited GST law in effect to ensure the nationwide uniformity of taxation laws under one regime. This helps in making the taxation process simplified by avoiding multiple taxation filing at both central and state level. Therefore, business owners, working professionals generating income by providing goods or services to the end [...]

How GST is going to affect the Indian Economy?

By | 2018-08-08T07:22:50+00:00 February 7th, 2017|Categories: GST|

GST aka Goods and Service Tax is like a new kid on the block. Everyone wants to know it, but no one is getting it. So let’s try to get to know it bit better. It all begins.  In 2000 Mr Atal Bihari Vajpayee’s government sets up a committee to kick-start the process of adopting GST. [...]