Category: Gst

relief to small taxpayers in gst

CHANGES IN GST ACT FROM 01.08.2019

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 […]

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gst composition limit

GST COMPOSITION LIMIT

BIG RELIEF FOR SMALL TAXPAYERS-GST COMPOSITION LIMIT INCREASED TO RS 1.5CR CBIC has issued notification for GST Composition Limit which are applicable from 01.04.2019 on various issues on 07.03.2019. Notification No 14/2019 dated 07.03.2019 has been issued to increase the limit for eligibility of composition scheme from Rs 1.00 Cr to Rs 1.5 Cr . From […]

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income tax work

BLOCKED CREDITS U/S 17(5) OF GST ACT

BLOCKED CREDITS IN GST  U/S 17(5) OF GST ACT (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—(A) further supply of such motor vehicles; or(B) transportation of passengers; or(C) imparting training on […]

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gst new return

EXEMPTION FROM WAYBILL IN GST

EXEMPTION FROM WAY BILL :  In the following cases exemption from way bill is given in GST as per CGST Rules : a) where the goods being transported are specified in Annexure; (b) where the goods are being transported by a non-motorized conveyance; (c) where the goods are being transported from the customs port, airport, air cargo […]

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