Taxinfo.inFeb 197 minGST on Rent of Shop, Offices, Flats, Land etc.In this article, we will discuss about the applicability of GST on Rental Income from renting the commercial property as well as residential property, and we...
Taxinfo.inSep 20, 20192 minGST Council Meeting37th GST Council meeting in held on 20th September 2019 in Goa. This meeting was much awaited by many industries as they are expecting rate cuts. The major d...
Taxinfo.inAug 6, 20198 minGST on Commission AgentsAgent is defined in CGST act as “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other ...
Taxinfo.inOct 3, 20183 minGST on ImportArticle 269A of constitution mandates that import of goods or services in India is considered as Inter-state trade. Therefore, import of goods or services is...
Taxinfo.inOct 3, 20184 minGST on Education ServicesEducation is defined as “Education is a process of training and developing the knowledge, skill and character of students by normal schooling.” Taxation of e...
Taxinfo.inSep 27, 20182 minHow to cancel an e-Way billRule 138 of CGST Rules define the provisions of the e-Way bill. A registered person needs to generate an e-way bill where the goods need to be moved from one...
Taxinfo.inSep 19, 20183 minDeemed Export under GSTWhat is Deemed Export? “Deemed Exports” refers to supplies of goods manufactured in India which are notified as deemed exports under Section 147 of the CGST/...
Taxinfo.inAug 28, 20182 minZero Rated SupplyAs per section 2(47) of the CGST Act, 2017, a supply is said to be exempt, when it attracts nil rate of duty or is specifically exempted by a notification or...
Taxinfo.inAug 27, 20183 minCasual Taxable Person in Goods and Service TaxFor some persons, it is hard to maintain a fixed place of business due to seasonable nature of their industry. Also, if they have to register as a regular ta...
Taxinfo.inAug 22, 20184 minMixed Supply & Composite Supply under GSTMixed Supply A mixed supply is one in which two or more individual supplies of goods or services are made as a single supply but such supply does not constit...
Taxinfo.inAug 18, 20184 minGST on E-commerce Sellers – 14 Questions AnsweredWho is considered as e-commerce operator? CGST act defines electronic commerce as – ” Electronic Commerce means the supply of goods or services or both, incl...
Taxinfo.inAug 16, 201810 minRefund of Unutilised Input Tax Credit for Zero-Rated SuppliesWhat is Input Tax Credit under GST? Input Tax Credit (ITC) means claiming the credit of the GST paid on the purchase of goods and services which are used for...
Taxinfo.inAug 14, 20184 minDifference between Zero Rated, Nil Rated, Non-GST and Exempt SuppliesUnder GST, there are various types of supplies which creates confusion for the end user. While the end result of all these supplies is the same, i.e. GST is ...
Taxinfo.inAug 4, 20184 minBasics of GST with ExamplesIntroduction Goods and Service Tax (GST) is applicable in India from 1st July 2017. Before 1st July 2017, service tax applies to services and vat, excise dut...
Taxinfo.inAug 4, 20183 minWhy there was a need for 3 types of GST – CGST, SGST & IGSTSince GST subsumed both indirect taxes of central government (excise duty, service tax, custom duty, etc. ) and state governments (VAT, Luxury tax, etc.), b...
Taxinfo.inJul 27, 20189 minProcess of Registration Under GSTProcess of Registration For resident persons Format of Goods and Services Tax Identification Number (GSTIN) Process of Registration for Person required to De...
Taxinfo.inJul 25, 20183 minHow to Resolve Error in GSTR-3BGSTR-3B is required to be filed every month by all taxpayers till 20th of the next month. Although this is a relatively easy form and there is less scope for...
Taxinfo.inJul 25, 20183 minGST on Pure AgentsWho is a Pure Agent? In GST act, an agent is a person including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other me...
Taxinfo.inJul 23, 20189 minValuation of Goods/Services under GSTValuation at Transaction Value If the recipient and supplier of Goods/Services are not related then the price actually paid or payable is taken as value of g...
Taxinfo.inJul 8, 20182 minGST Compliance RatingWhat is GST Compliance Rating? GST compliance rating is a rating score which will be given to a registered person on the basis of his history of compliance w...
