Latest posts on "gst"

-All the embassies of foreign countries have to apply for unique identification number. -They shall furnish the details of supplies of taxable goods or services or both in form GSTR 11 along with application for such refund claim.

Continue...

The GST Council has decided the services under reverse charge on 19 May 2017 during the 14th GST Council meeting. “Reverse charge’’ means the liability to pay tax by the recipient of supply of goods or services instead of the supplier of such goods or services. Reverse charge mechanism has been introduced both for Goods and Services. The GST Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%.

Continue...

The GST rates for Services have been decided by the council on 19-05-17during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%.

Continue...

In the existing Indirect tax system and upcoming GST regime there has been a lot of changes in the different aspects of goods and services but in all these the one which is least affected is the ‘Export’ of India.

Continue...

With the government targeting implementation of GST from July 1, 2017, the Indian industry is busy understanding its impact and deciding on how to do business in the changed environment.

Continue...