Tag Archives: GST

Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.

E-way Bill-GST-Rajasthan GST

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Most Urgent सभी व्यापारी ध्यान  दे की दिनांक 20-Dec-2017 से राजस्थान में निम्नलिखित वस्तुओ के अन्तर्राज्जीय movement पर E-way बिल लगाना अनिवार्य है यदि वस्तुओ का मूल्य Rs. 50000/- से अधिक है वस्तुओ की सूचि निम्न प्रकार है. 1. All kinds of furniture including molded furniture. 2. All kinds of… Continue reading →

Goods GST rate from 28% to 18%

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Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors Electrical boards, panels, consoles, cabinets etc for electric control or distribution Particle/fibre boards and ply wood. Article of wood, wooden frame, paving block Furniture, mattress, bedding and similar furnishing Trunk, suitcase, vanity cases, brief cases, travelling… Continue reading →

What are the types of taxes under GST?

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The new GST regime will comprise of the following taxes –  Central Goods and Services Tax (CGST) – This tax will be levied on intra-state (within same state) supply of goods and services  State Goods and Services Tax (SGST)- This tax will also be levied on intra-state (within… Continue reading →

Who is required to pay GST?

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GST is payable by any person making taxable supplies of goods/ services and whose turnover [on a pan-India basis of all offices having the same Permanent Account Number (PAN)] exceeds INR 20 lakhs. However, where a person who is registered under GST receives goods or services from an unregistered vendor,… Continue reading →

What is GST? When is GST expected to be implemented?

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Goods and Services Tax Act (GST), pegged as a major tax reform post-independence, has already been introduced by the Government of India and is likely to be implemented from 1 July 2017. This will subsume most of the indirect taxes (such as VAT, excise, service tax etc.) levied by the… Continue reading →

GST Registration documents

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LIST OF DOCUMENT-For GST Registration Proprietorship:- PHOTO PAN CARD AADHAAR CARD ELECTRICITY BILL RENT AGREMENT / NOC RC COPY BANK STATEMENT (SHOWING BANK NAME, ADDRESS, IFSC CODE, ACCOUNT NO, PARTY NAME & ADDRESS AND FEW LATEST TRASNACTION) POWER OF ATTORNEY PARTNERSHIP:- PARTNERSHIP DEED PAN CARD FIRM BANK STATEMENT FIRM (SHOWING… Continue reading →

Central Board of Indirect Taxes(CBIT) after GST rolls out

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CBEC to be renamed as Central Board of Indirect Taxes(CBIT) after GST rolls out. GST SECTIONS- AN ONSHOT OVERVIEW Section-1 Short Title, extent and commencement Section-2 Definitions Section-3 Meaning and Scope of Supply Section-4 C lasses of officers under Central Goods and Services Tax Act Section-4 Classes of officers under… Continue reading →