Goods and Service Tax Archives - TaxIndiaUpdates In

IGST Exemption Notification No. 9/2017-Integrated Tax (Rate) dated 28-06-2017

August 4, 2021August 5, 2021 TaxIndiaUpdates In0 comments2214 views

IGST Exemption Notification No. 9/2017-Integrated Tax (Rate) dated 28-06-2017 as amended by Notification No. Notification No. 05/2020- Integrated Tax (Rate) dated 16-10-2020 Government of India Ministry of Finance (Department of Revenue) Notification No. 9/2017-Integrated Tax (Rate) New Delhi, the 28th June, 2017 G.S.R (E).- … Continue Reading →

Goods and Service Tax

Place of Supply in Goods and Service Tax

July 1, 2017July 23, 2017 TaxIndiaUpdates In0 comments4361 views

Place of Supply of Goods or Services or Both: The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof or as the case may at the point of consumption. So place of supply provision determines … Continue Reading →

Goods and Service Tax

Input Tax Credit Mechanism in GST Law

July 1, 2017September 21, 2021 TaxIndiaUpdates In0 comments5883 views

One of the key features of Goods and Service Tax (GST) in India is its uninterrupted and continuous chain of input tax credit (ITC). In the earlier indirect taxation system, cascading of tax is significant due to non-availability of ITC at various stages. For example … Continue Reading →

Goods and Service Tax

Government Approved the Abolition of various Cesses and Surcharges for Implementation of GST

March 23, 2017 TaxIndiaUpdates In0 comments1710 views

Government Approved the Abolition of various Cesses and Surcharges for Implementation of GST Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime. Union Cabinet chaired by the Prime … Continue Reading →

Goods and Service Tax

Introduction to Indian GST Law by Finance Ministry

August 3, 2016 TaxIndiaUpdates In1 comments4331 views

Introduction to Indian GST Law by Finance Ministry Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) are issued by Ministry of Finance, Govt. of India on 03-08-2016. Following are the answers to the various frequently asked questions relating to GST: Question 1.What is … Continue Reading →

Goods and Service Tax

Ministry of Finance has Released Draft Model GST Law

June 14, 2016June 15, 2016 TaxIndiaUpdates In0 comments4568 views

Ministry of Finance has Released Draft Model GST Law The Ministry of Finance, Govt. of India has uploaded draft Model GST law on in its website www. finmin. nic. in. It may be noted that GST Constitutional 122nd amendment bill 2014 has already passed by … Continue Reading →

Goods and Service Tax

GST would be likely to be applicable from 01-04-2017

May 28, 2015October 10, 2016 TaxIndiaUpdates In0 comments4159 views

The Union Finance Minister Mr Arun Jaitley set a positive note on the implementation of GST in his Budget Speech, and mentioned that GST will be a game changing reform which will be implemented by 1 April 2017. Mr Jaitley kept making optimistic references to … Continue Reading →