Tag: GST NEWS

GST NEW SCHEME

NEW SCHEME IN GST FOR SMALL TAX PAYERS

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 […]

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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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