GST Archives - TaxIndiaUpdates In

Tax on e-Commerce in GST Era

July 1, 2017July 18, 2017 TaxIndiaUpdates In0 comments4737 views

Tax on e-Commerce in GST Era: A special attention is given on E-tailers like Amazon India, Flipkart, eBay etc. in new indirect tax law i.e. GST. In last few years the e-shopping get massive attraction by Indian customers which opens new source of revenue to … Continue Reading →

Goods and Service Tax

GST Transitional Provisions to Switch from Existing Law

July 1, 2017July 24, 2017 TaxIndiaUpdates In0 comments4271 views

After introduction of GST, various Central and State Level taxes have been subsumed in GST. There are no. of on going transaction which continue on or after appointed day (i.e. 01-07-2017) and they have already charged to tax under earlier taxation law. The GST Transitional … Continue Reading →

Goods and Service Tax

Place of Supply in Goods and Service Tax

July 1, 2017July 23, 2017 TaxIndiaUpdates In0 comments4377 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 comments5899 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

GST in India: A Journey of Economic Reforms

June 30, 2017June 30, 2017 TaxIndiaUpdates In1 comments7624 views

GST in India: A Journey of Economic Reforms After 17 years of continuous efforts the present Goods and Services Tax law has come into effect. The journey of GST in India was not simple unlike to other laws. There are many factors which includes political interfere, … Continue Reading →

Goods and Service Tax

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

March 23, 2017 TaxIndiaUpdates In0 comments1718 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 →

Service Tax

Reverse Charge Tax Liability under GST Law

October 16, 2016 TaxIndiaUpdates In0 comments6194 views

Reverse Charge Tax Liability under GST Law Reverse charge means the liability to pay tax by the person receiving goods and / or services instead of the person supplying the goods and / or services (Section 2(85). Following are the frequently asked question on reverse charge under … Continue Reading →

Goods and Service Tax

Introduction to Indian GST Law by Finance Ministry

August 3, 2016 TaxIndiaUpdates In1 comments4346 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 →

Service Tax

Service Tax Books for Professionals

July 22, 2016May 16, 2017 TaxIndiaUpdates In0 comments8422 views

Service Tax Books for Professionals Service Tax Ready Reckoner By V. S. Datey Publisher: Taxmann Publications Pvt. Ltd.; 29th Editon edition (2017) Language: English ISBN-10: 9350719177 ISBN-13: 978-9350719176 MRP: Rs.1550/- View Discounted Offer Price on this Book Service Tax Manual By Taxmann Product Description As … Continue Reading →

Goods and Service Tax

Ministry of Finance has Released Draft Model GST Law

June 14, 2016June 15, 2016 TaxIndiaUpdates In0 comments4575 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 →