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Scope of Supply in the regime of Goods and Services Tax – Test of Profit Motive

GST
June 6, 2019 1110 0

In the previous indirect tax regime, there was nothing like this new concept of Supply. The stage at which indirect taxes were levied varied under different tax heads and laws. Excise duty, Service tax, VAT were some of the taxes ...


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10 Major Challenges of Filling GSTR-9

GST
May 30, 2019 2231 0

In the GST Regime, filing an annual return by registered taxpayers and composition dealers is mandatory. And this annual return is known as ‘GSTR-9’.On the basis of different kinds of taxpayers, there are, in total, four different...


Blog

How GST is a Boon for Indian Economy?

GST
May 23, 2019 5653 0

Every coin has two facets and so the same applies to the concept of implementation of the GST in India. Of course, this is the biggest Tax reformation in India after independence and thus it will have a tremendous and direct futur...


Blog

All that you need to know about GSTR-11

GST
December 17, 2018 621 0

GSTR-11 is a return that needs to be filed by people having UIN (Unique Identification Number). This return provides the details of the inward supplies. According to a GST provision, ‘Inward Supply’ means the acceptance of goods o...


Blog

How technology has changed tax compliance in the GST era

GST
November 21, 2018 831 0

 The Goods and Services Tax was launched by the government in 2016. GST is supposed to subsume most of the indirect taxes that were prevalent during the VAT era and provide a uniform tax regime across the country.But how to a...


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An update on recent Advance Ruling on GST

GST
November 21, 2018 1548 0

A recent ruling of the Maharashtra Advance Ruling Authority has held that back office support services do not qualify as “export of services” as they are in the nature of “intermediary services”.  It is concerning and We as NASSCO...


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India may face a Rs 1 lakh crore GST revenue shortfall in FY19

GST
November 19, 2018 496 0

 India may face a Rs 1 lakh crore GST revenue shortfall in FY19Do Follow Link for More Details: India may face a Rs 1 lakh crore GST revenue shortfall in FY19 


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Commerce Federation in Andhra Pradesh holds awareness programme on GSTR-9

GST
November 15, 2018 502 0

Commerce Federation in Andhra Pradesh holds awareness programme on GSTR-9Do Follow Link for More Details: http://bit.ly/2K40phv


Blog

FORM GSTR-3B for the month of September 2018 is being extended till the 25th of October 2018

GST
October 25, 2018 414 0

 The Finance Ministry has stretched the last date for filing GSTR-3B for September to the 25th of October. This extension implies that businesses will have time till the 25th of October to claim Input Tax Credit or ITC for th...


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E-commerce companies start collecting 1% tax at source from October 1st

GST
October 23, 2018 514 0

E-commerce companies start collecting 1% tax at source from October 1stThe Finance Ministry has issued a notification stating that e-commerce companies should collect an amount at the rate of one per cent as tax collected at sourc...


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