GST

Rule 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 place to another and the value of such goods is more than …

What 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/SGST Act, 2017. It is to be noted that services are not considered as deemed exports. The …

Mixed 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 constitute as a composite supply. For example, a departmental store makes a package …

What is e-commerce operator? E-commerce operator has been defined as a person who supplies good or services or both, including digital products over digital or electronic network. Requirements under GST Common points applicable to all e-commerce operators Such persons has to register …

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 duty etc. apply to goods. Now GST is applicable to trading and manufacturing of goods as well …

Since GST subsumed both indirect taxes of central government (excise duty, service tax, custom duty, etc. ) and state governments (VAT, Luxury tax, etc.),  both the government now depend on GST for their indirect tax revenue. Therefore the GST rate is composed …

Process of Registration For resident persons Format of Goods and Services Tax Identification Number (GSTIN) Process of Registration for Person required to Deduct Tax at Source (TDS) or Collect Tax at Source (TCS) under GST Process of Registration for Non Resident Persons …

GSTR-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 mistakes. But a mistake in calculating the sales, purchases, input and output …

Who 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 mercantile agent, by whatever name called, who carries on the business of supply or …

Valuation 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 good/services. The transaction value shall be accepted even where the supplier and recipient of supply are related, …