Post by: Arnold Thomas in Government Initiatives GST
GST on Supply of Securities under Securities Lending Scheme Due to the following two recent amendment, the GST taxability of supply of securities under Securities Lending Scheme has undergone a considerable change: Insertion of explanation to the definition of ‘Services’;…
Post by: Arnold Thomas in GST
GST on Liquor Licence Fee Liquor licence, in simple terms, is a permit (i.e., authorisation) to sell alcoholic beverages for human consumption. The liquor vendor is required to pay the licence fee against receipt of such liquor licence. The indirect…
Post by: Arnold Thomas in GST
GST for IT Services To clear up various confusions prevailing in the Information Technology enabled Services (ITeS), the Central Board of Indirect Taxes and Customs (CBIC) recently came up with the circular no. 107/26/2019-GST clarifying various issues. The said circular…
eWay Bill Disabled - Late Filing of GST Return In order to streamline the GST return filing process under GST, rule 138E has been inserted which prohibits the registered person from generating the GST eWay bill in case of non-filing…
Accounting for Sales Promotion under GST Due to continuous increase in the number of suppliers, there is huge competition prevailing in the market. Due to the competitive market, the suppliers are required to come up with various sales promotion schemes…
Suspension of GST Registration The Government, with the intention to ease up the Goods and Service Tax for the taxpayer, is continuously amending/inserting various provisions of the Goods and Service Tax. Recently, vide the Central Goods and Service Tax (Amendment)…
GST for Air Travel Agents In simple terms, air travel agent can be said to be a person who is engaged in providing any service which is connected with the booking of passage for travel by air. In this article, we…
Gujarat E-Way Bill Notification Electronic way bill most popularly known as an e-way bill has now been introduced nation-wide for both inter-state movements of goods and intra-state movements of goods. E-way bill has gone through many amendments and exemptions. Present…
Related Company Services under GST Para 2 of Schedule I of the Central Goods and Service Tax Act, 2017 states that supply of goods or services or both undertaken between the related persons or undertaken between the distinct persons, as…
Post by: IndiaFilings in GST
GST Valuation of Supplies Goods and Service Tax (GST) applies to the value of the supply of goods and services provided to the customer by the supplier. GST is charged on the taxable value of supply at each stage of…
