The most controversial topic in GST in India Is about the GST Credit and Debit notes. Who shall issue credit or debit note and when shall it be issued and time limit for issuing such documents. Before answering all these we have to understand the meaning of Credit and Debit notes.The thumb rule is GST […]
GSTR1 filing Process has been defined in section 37(1) of GST Act. Every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of Section 10 or section 51 or section 52, shall furnish, electronically, the details of outward supplies of goods or services or […]
The next GST Council meeting is scheduled to be held on 18th December 2019 under the Chairmanship of Honorable Finance Minister Smt Nirmala Sitharam . In this 38th meeting of the all powerful GST body , the GST slab rate of 5% may be increased to 6% in order to increase revenue and to compensate […]
The President of India has given his consent to the Finance Bill 2019 on 01.08.2019 and the same has been enacted as The Finance Act No 02 of 2019.. Provisions of CGST has been amended. The amendment act has done various major changes in existing GST Provisions . Some of the important GST Amendment includes […]
PAY ONLY 6% GST FROM 01.04.2019 – GST NEW SCHEME ANNOUNCED VIDE NOTIFICATION NO 02/2019 CT-(R) Central Board of Excise and Customs has launched a GST new scheme for the registered persons having turnover of Upto RS 50 Lacs during the financial year. As per the Notification No 02/2019 CT-R the intra-state supply of goods or […]