The Central Board of Indirect Taxes and Customs has published an advisory on September 16, 2021, concerning the generation of the e-way bill where principal supply is the supply of services. The GST Network is the information technology drive for the indirect tax system. It has been announced that no e-way bills (EWB) are required … Read moreGeneration of E-Way Bill in Case of the Supply of Services
The Goods and Services Tax (GST) implemented on July 1 2017 has successfully subsumed all the Central and State indirect taxes, for example, service tax, central excise, VAT, and so forth. In this article, we will see the difference between GST and VAT: GST has abolished the cascading impact of the economy. Let us get … Read moreWhat is the Difference Between GST and VAT?
GST is an indirect tax that has subsumed most of the indirect taxes in India. Moreover, it is a type of value-added tax as it levy on different stages such as manufacturer, sales and consumption of goods or/and services. It is important how GST works in India and how the older indirect taxes used to … Read moreHow GST Works in India?
To understand the changes in GST (Goods and Services Tax) as per Union Budget 2019-20, we are taking two fictional characters into consideration namely Ram and Shyam. Ram: Shyam, what are the major GST changes in Union Budget? Shyam: Ram, this union budget 2019-20 is a more sensible budget than a sensational one. Some of … Read moreChanges in GST (Goods and Services Tax) as per Union Budget 2019-20
The joint Development agreement (otherwise known as JDA) is a contract between a landowner and real estate developer to build a new project on the land of owner. The real estate builder construct the building and other things. On the contrary, the owner of the land will provide land to construct the building. Moreover, there … Read moreGST Applicability on Joint Development Agreement
What is GST? GST Act came into existence in India on 1st July 2017 with the motive of One Nation One Tax. Goods and Services Tax (GST) is a destination-based tax that subsumed many indirect taxes in India. GST is a multi-stage tax that gets levied on every value addition. Features of GST Destination-Based GST … Read moreGoods and Services Tax (GST) in India
Full form of GST GST stands for Goods and Service Tax. It is impossible to lay down the meaning of GST and the model GST law without understanding the full form of GST. Meaning of GST The Central Government passed the GST law in Parliament on March 29, 2017. GST is levied on the supply … Read moreGST Full Form & Meaning of GST
Goods and Services Tax, which actually is primarily aimed to boon the businesses, economy and government, is experiencing bumpy rides, due to the ineffectiveness of the Goods and Service Tax Network. The resultant is a mentally and technically stressed trader’s community with fuming intentions. The national body of the traders, CAIT [Confederation of All India … Read moreCAIT Threatens to Move Court Against Infosys