28th GST Council Meeting

28th GST Council Meeting The 28th GST Council Meeting was held on 21st July 2018 in New Delhi. In the 28th GST Council Meeting, the Government has slashed the GST rates on various goods and services and simplified the GST…

Change GST Registration Information

Change GST Registration Information GST registration requires various details of an applicant. Once an applicant has registered under GST, there might be a need to make amendments to the particulars of the registration. Given this scenario, the applicant needs to…

Multiple Vehicle Option – E-Way Bill

Multiple Vehicle Option - GST E-Way Bill E-Way bill implications is continuously expanding its legs. E-way bill generation is compulsory for movement of goods of consignment value exceeding INR 50,000. The Government is continuously updating, amending and upgrading the E-way…

Revocation of GST Registration Cancellation

Revocation of GST Registration Cancellation The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure for revocation of GST registration cancellation order along with the…

E-Way Bill Exemption

E-Way Bill Exemption The Government has introduced concept of E-way bill in order to track the movement of goods and to avoid tax evasion. E-way bill generation is mandatory in case of movement of goods by a person having GST…

GST TDS – Rate, Applicability & Payment

GST TDS - Rate, Applicability & Payment Tax Deducted at Source which is most commonly known as TDS is the system through which certain percentage of tax is collected at the source of the income. Certain Government Department, Local Authorities,…

GST on Stock Broking Services

GST on Stock Broking Services Stock broking is a service which gives retail and institutional investors the opportunity to buy and sell shares. Stock broker is a person or a firm that offers a stockbroking service. Stock exchanges imposes strict…

GST on Discounts

GST on Discounts Offering various discounts like cash discount, trade discount, volume discount, percentage discount etc. is the part and parcel of the sale promotion activities now a days. Under GST law cash discount, trade discount, volume discount, percentage discount…

Applicability of GST for Merchant Exporters

Applicability of GST for Merchant Exporters Merchant exporter is a person who is engaged in trading activity only. Further, the goods purchased are exported by the merchant exporter. Hence, a merchant exporter is not involved in any manufacturing activity, he…

Input Tax Credit for Capital Goods

Input Tax Credit for Capital Goods under GST Calculation of input tax credit for capital under GST, input tax credit availability and non-availability and calculation of reversal of input tax credit has its own special provisions. Further there is special…