TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

GST Payment of Tax Rules 2017 | Chapter IX

June 28, 2017July 16, 2021 TaxIndiaUpdates In0 comments5233 views

GST Payment of Tax Rules 2017 Chapter IX Payment of Tax RULE 85. Electronic Liability Register. — (1) The electronic liability register specified under sub-section (7) of section 49 shall be maintained in FORM GST PMT-01 for each person liable to pay tax, interest, penalty, late … Continue Reading →

Goods and Service Tax

GST Input Tax Credit Rules 2017

June 28, 2017September 28, 2021 TaxIndiaUpdates In0 comments4922 views

GST Input Tax Credit Rules 2017 Chapter V: Input Tax Credit RULE 36. Documentary requirements and conditions for claiming input tax credit. — (1) The input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any of … Continue Reading →

Goods and Service Tax

GST Tax Invoice Credit and Debit Notes Rules 2017

June 28, 2017July 17, 2021 TaxIndiaUpdates In0 comments5362 views

GST Tax Invoice Credit and Debit Notes Rules 2017 Chapter VI: Tax Invoice, Credit and Debit Notes RULE 46. Tax invoice. — Subject to rule 54, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars, … Continue Reading →

Goods and Service Tax

GST Returns Rules 2017 | Chapter VIII Returns

June 28, 2017September 28, 2021 TaxIndiaUpdates In0 comments5547 views

GST Returns Rules 2017 Chapter VIII: Returns RULE Continue Reading →

Service Tax

File Service Tax Return in Form ST-3 (April, 2017 to June, 2017) Last Date 15-08-2017

June 22, 2017July 27, 2017 TaxIndiaUpdates In3 comments31516 views

File Service Tax Return in Form ST-3 (April, 2017 to June, 2017) Last Date 15-08-2017 File Service Tax Return in Form ST-3: The last date of filing the ST-3 return, for the return period 01-04-2017 to 30-06-2017 is 15-08-2017. Assessee can e-file Service Tax Return … Continue Reading →

Goods and Service Tax

GST Composition Rules 2017

June 11, 2017July 18, 2021 TaxIndiaUpdates In0 comments6192 views

GST Composition Rules 2017 Chapter II: COMPOSITION RULES RULE 3. Intimation for composition levy. — (1) Any person who has been granted registration on a provisional basis under clause (b) of sub-rule (1) of rule 24 and who opts to pay tax under section 10, shall … Continue Reading →

Goods and Service Tax

FAQs on Overview of Goods and Services Tax (GST)

June 10, 2017 TaxIndiaUpdates In0 comments4701 views

FAQs on Overview of Goods and Services Tax (GST) Q 1. What is Goods and Services Tax (GST)? Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to … Continue Reading →

Goods and Service Tax

FAQs on Levy of and Exemption from GST

June 10, 2017 TaxIndiaUpdates In0 comments3799 views

FAQs on Levy of and Exemption from GST Q 1. Where is the power to levy GST derived from? Ans. Article 246A of the Constitution, which was introduced by the Constitution (101st Amendment) Act, 2016 confers concurrent powers to both, Parliament and State Legislatures to … Continue Reading →

Goods and Service Tax

FAQs on Registration under Goods and Service Tax

June 10, 2017 TaxIndiaUpdates In0 comments5129 views

FAQs on Registration under Goods and Service Tax Q 1. What is advantage of taking registration in GST? Ans. Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or services. Proper accounting of … Continue Reading →

Goods and Service Tax

FAQs on Offences, Penalties, Prosecution and Compounding in GST Law

June 10, 2017June 10, 2017 TaxIndiaUpdates In0 comments6114 views

FAQs on Offences, Penalties, Prosecution and Compounding in GST Law Q 1. What are the prescribed offences under CGST/ SGST Act? Ans. The CGST/SGST Act codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 122, apart from the penalty … Continue Reading →