Category: GST

E-Way bill GST implementation: Are the businesses prepared for GST E-Way Bill?

One might wonder about the reason of early implementation of E-Way Bill because initially the government had planned to introduce it from April 2018. But instead in the GST council meeting the E-way bill was re-visited and the rules for...

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Form GSTR-3B of GST – Boon or Curse?

Form GSTR-3B is a summary return inserted by Government in lieu of Form – GSTR-3. This Form was introduced as stop-gap arrangement to collect tax from the taxpayer. As all the periodical monthly returns were delayed and taxpayers were not...

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GST on Ads @18% on Digital Media & @5% on Print Media

GST on Ads is levied at the following rates Digital Media – 18% Print Media – 5% GST on Ads on Mobile, Website, Apps etc GST on Ads on Mobile, Website, Apps or any other Digital Media platforms is levied...

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GST on Rent @ 18% (Explaining all Practical Scenarios)

GST has been introduced in India with effect from 1st July and it subsumes several indirect taxes like VAT, Service Tax, Excise Duty etc. All expenses on which these indirect taxes were levied earlier have been replaced by GST with...

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GST on Reimbursement / Pure Agent in GST (explained with examples)

For the purpose of determination of GST on Reimbursement, we first have to understand the meaning of a pure agent. The GST Act defines pure agent as a person including a factor, broker, commission agent, arhatia, del credere agent, an...

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TCS in GST @ 2% for sale through e-Commerce websites

To reduce the cases of tax evasion, the govt has inserted the provisions of TCS in GST for all sales which are done through e-commerce websites. The provisions of TCS are not yet applicable and would be applicable from a...

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GST Refund in case of Exports & Refund of Input Tax Credit in India

If any excess GST has been paid or there is any input tax credit which has not been utilised, a person can claim refund under Section 54 of the excess GST paid by filing an application for the same online....

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GST Audit mandatory above Rs. 2 Crores or if required by Dept

GST is a trust based taxation regime wherein the taxpayer is himself required to self assess his tax liability and himself pay the same without any intervention by the tax officials. To ensure that there are no mis-appropriations in the...

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Place of Supply in GST – Explained with 11 Practical Examples

Determining the Place of Supply of Goods or Services is very important as it would determine the nature of tax to be paid. In case the location of the supplier and the place of supply are within the same state...

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Practical Guide on GST Registration in India

GST has been implemented in India from 1st July 2017 and it replaces several indirect taxes like Service Tax, VAT, Excise etc which were levied earlier. The 1st and the foremost thing which every business should do regarding GST is...

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