Part-1: Input Tax Credit under GST

Introduction Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax Credit...

Section -18 : Availability of credit in Special Circumstances : Part-2

Sub Section 2 of Section 18: ITC for Invoice upto 1 Year : A registered person shall not be entitled to take input tax credit under sub-section (1), in respect of...

Disposal of Goods as soon as possible after seizure

Classes of goods which shall be disposed off as soon as possible after seizure notified.. The CBIC issued Notification in exercise of powers conferred by Section 67(8) of CGST Act, 2017 Noti....

Amendment in CESS Rate in 25th GST Council Meeting

 Amendment in CESS Rate of Ch.: 87 in 25th GST Council Meeting Chapter/ Heading Particulars Old Rate New Rates 8702 Motor Vehicles cleared as ambulance , duty fitted with all fitments, furniture and accessories necessary for an...

Exemption Amendments under After 25th GST Meeting

Followings Exemption are Notified in 25th Meeting of GST Council on 18th Jan., 2018 S.N Particulars 1 To extend GST exemption on Viability Gap Funding (VGF) for a period of 3 years from the date of commencement of...

GST Exemption to Agriculturists

No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing or animal husbandry are exempt from GST; Agriculturists are also exempted...

Date of E Way Bill Extended

The Welcome Notification issued by the Gujarat Govt., The Gujarat govt.issued notification for extension of e-way bill in Gujarat, for Intra-state movement of goods, Gujarat State make the E-way bill compulsory...

GST Portal Updates: More Features

There is two side of any system one is front end and other Back end. GST system which also having this two features. GST portal make more and more user friendly...

RCM in case of Goods

In GST Tax Regime Reverse charge is applicable to Supply and supply includes both i.e. Goods as well as Services, If we talk about RCM in case of Goods then the recipient...

E Way Bill Criteria : 1st April 2018

Criteria for E way Bill Beginning form 1st April 2018 for Inter-state.

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