Days before the GST is going to be implemented in India, the government has clarified today that the taxpayers will have to file only one return on monthly basis under GST. Revenue secretary Hasmukh Adhia said there will not be… Read More
Cancellation of Registration under GST if found guilty
The Government of India has released anti-profiteering rules under Goods and Service Tax on tuesday, according to which the government will cancel the GST registration of any entity if it does not comply with the provisions of passing the lower… Read More
Composition Scheme under GST
There are number of small taxpayers in India who finds it difficult to follow the complicated tax laws compliance requirements completely, because of their small number of transactions or limited number of transactions. There cost of tax managements comes to… Read More
Calculation of Input Tax Credit under GST
Though the Government has set high rates of GST on some products and services, the impact of GST would not effect the final prices much because of the input credit claim. Take a look at the calculation of Input Tax… Read More
GST will Rule out from July, 2017
While attending the African Development Bank’s annual meet on tuesday, the Finance Minister Mr. Arun Jaitley clarified that there is no doubt that the GST will rule out in India from July 1, 2017. Jaitley also said that in the… Read More
GST Enrolment
The GST is geared up for launching on July 1, 2017, according to the recent reports it has been came to notice that only 34% Service Tax Assesees have been enroled for GST. The GST enrolment percentage for VAT and… Read More