Category: GST

News on GST Act : The entire framework of GST is based on GST Act. It was devised by the GST Council, which is a committee consisting of the Union Finance Minister (Chairperson), the Union Minister of State,…

Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability is cast on the recipient under the GST reverse charge mechanism, i.e. the liability to pay tax…

GST impact on companies: Gloom and doom vanishes, India Inc at ease Contrary to gloomy predictions, the roll-out of the goods and services tax (GST) has been a much smoother affair and the industry has adapted to it…

The coming into force of the Goods and Services Tax (GST) will unify the nation into a common economic market, obviating the need for goods to be taxed each time they cross a state border. Much of the…

Return Filing – Under GST, this is how you will file tax returns from July 1  GST, a comprehensive indirect tax system is all set to subsume a host of existing indirect taxes and with its implementation, compliance…