The rates of GST for goods are undergoing changes frequently by way of various notifications. Hence there is a need for an updated list of GST Rate on goods as amended. The below table summarises the updated GST rates for Goods as on 15th Nov 2017. Source :- www.cbec.gov.in [gview file=”http://bssridhar.com/blog/wp-content/uploads/2017/11/new CGST rates.pdf”]
GST Rates for goods – as on 15th Nov 2017 Read More »
Under the newly introduced GST regime, the GST Assessee having turnover less than Rs. 75 Lakhs can opt for paying GST under Composition Scheme. There are confusions about whether to go for composition scheme or Regular ITC method in GST. The tool below will help you in taking a decision as to whether to opt
GST – Tool to compare Composition Scheme & regular ITC scheme Read More »
The Central Government has notified Central GST (Fourth amendment) Rules 2017. As per the above amendment, the following are the latest amendments in GST Earlier, the last date for migration of the persons registered under existing law (VAT/Service Tax/Excise) was 30 days from the roll out of GST. This date has been extended upto 30th
Latest amendments in GST – Migration date extended Read More »
Under the present VAT Regime, different states follow different rules and forms for movement of goods within the respective states and also for Inter state movement of goods. The compliance requirements under the present VAT regime has many restrictions and different procedural formalities to be completed for movement of goods. The movement of goods under
Movement of goods under GST Read More »
As you are aware, GST is going to be introduced very shortly and it is imperative to know various aspects of the new enactment. One among the important aspects is Invoicing. Invoice is going to play a vital role in GST Input tax credit (ITC) Mechanism. Hence it is very important to know about the
ALL ABOUT INVOICING UNDER GST Read More »
Every taxpayer under GST will be allotted a State wise PAN based 15 digit Goods and Services Tax Payer Unique Identification Number (GSTIN). The various digits in the GSTN will denote the following: How to read your GST Number ? The First two digits represents the State in the Country where the registration is done.
Know the format of your GST Number Read More »
Composition scheme under GST GST Composition Scheme is a simple and hassle free scheme available for Small businesses who are running short of resources for carrying out compliance activities and also for business looking at easier compliance with less paper work and filing procedures. Among the various options available, the Composition Scheme stands out for
Composition scheme under GST – A Comprehensive Guide for Businesses 2024 Read More »
As you are aware, India is on path for a new tax reform – Goods & Service Tax (GST) which is proposed to be introduced w.e.f. 01st April 2017. All the existing assessees will be migrated to the new GST Portal for trasacting with the GST portal. The new GST portal www.gst.gov.in has been launched
Enrolment of existing tax payers under New GST portal Read More »
The empowered committee on GST has published its report on the proposed procedures for GST Returns. The Salient Features of this report on GST Returns are as follows :- There will be 8 Forms under GST All assessees has to file the GST Returns (Including NIL Returns) The periodicity of Return filing is Monthly ,
GST Committee Report on Returns Read More »
