We informally talk about Taxation, Finance & Law especially about Indian Income-tax Act, 1961, GST, Financial Management, Corporate Law and allied laws. The other motive is also to keep fellow professionals, entrepreneurs and students updated.
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Composition Scheme under GST
The GST regime in India provides for composition scheme for small dealers. The basic principle underlying the composition scheme is to min...
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A. Goods Sent on Approval Basis before Transition to GST Case I. Goods sent on or after 1 st January, 2017 and returned before 31 s... -
A manufacturer may send out his goods to a job worker for initial process, intermediate process, assembly, packing or any other completion... -
In this regards two notifications have been issued providing the list of goods and services, wherein the purchaser/recipient has the liabi... -
As we all know that from 1 st July 2017, GST is payable on sales made by trades, manufactures etc. However, do we know that GST is al... -
The government on Tuesday announced rules regarding MRP or maximum retail price for goods under the GST (Goods and Services Tax). There ... -
The GST which will be rolled out will not alter the prices of essentials and daily use items. Items such as salt and soaps will not be affe... -
Next time you dine at a restaurant, do check your bill to see if the proper GST or goods or services tax rate has been levied. As we know ... -
The GST regime in India provides for composition scheme for small dealers. The basic principle underlying the composition scheme is to min... -
The reverse charge mechanism in GST, refers to a scenario where the recipient of services pays the tax, instead of the supplier. We examin...
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