Post by: poonamgandhi in GST GST in India
Taxability of Liquidated Damages under GST As and when there is any breach of contract, the suffering party would be paid the amount in the form of liquidated damage or compensation, penalty or cancellation charges, etc. Notably, there prevailed a…
2019 GST Rate on Hotels and Restaurants On 30th September 2019, the Ministry of Finance (MoF) has notified the revised GST for hotel accommodation, restaurant services, food and beverages served by Indian Railways or India Railways Catering and Tourism Corporation…
Composition Scheme for Service Providers 2020-21 Due to the impact of Corona Virus, the lives of the people became highly unstable and the Governments across the globe struggles to lift back the manufacturing and industrial sector. The impact of the…
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…
Post by: IndiaFilings in GST
GST on Works Contract Under GST Law, works contract has been restricted to any work undertaken for immovable property. As per para 6(a) of Schedule II of the CGST Act, works contract as defined above shall be treated as “Supply.”…
Post by: IndiaFilings in GST
GST LUT - File Letter of Undertaking (LUT) Online Letter of Undertaking is commonly known as LUT. The GST LUT is prescribed to be furnished in form GST RFD 11 under rule 96A, whereby the exporter declares that he/she would…
Post by: IndiaFilings in GST
GST on Property Transactions GST or Goods and Services Tax is an indirect tax levied on all supply of goods and services in India. GST is applicable for supply of service related to construction of building. However, GST is not…
Post by: Arun Kumar in GST
GST Payment Modes The taxpayer can make GST payment through online, offline or by LEDGERS. Goods and Services Tax (GST) refers to a tax on the supply of goods or services or both with certain exceptions on few listed goods…
