All posts tagged "#gstindia"
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1.7KGST UpdatesPrinciple of Input Tax Credit availability between CGST, SGST and IGST
Input Tax Credit of the taxes paid under CGST against SGST and vice versa: The basic requirement of implementing CGST and SGST under...
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1.8K1GST UpdatesSimple Example on How Input Tax Credit will Work between IGST, CGST and SGST
Let’s assume Tax Rate in GST is 20%, out of which CGST is 10% and SGST is 10%. IGST leviable on Inter...
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1.0KGST UpdatesSpecific and General rule for Place of Supply of Service: Rationale Explained
In the last update, we had discussed about the general rule for the determination of Place of Supply of Service. The general...
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9461GST UpdatesGeneral Rule for determination of Place of Supply of Service
Section 6 of the Draft IGST Law provides how to determine Place of Supply of Service. Provisions of Section 6 of Draft...
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673GST NewsMeeting of GST Council Postponed by a Week, Rescheduled to December 2 and 3
Is this a hint that all is not well. Meeting of GST Council which was scheduled to be held on 24th and 25th...
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857GST News80 Items Likely to be on the Exemption List under GST
The Exemption List under GST is under Preparation. It is expected that Grains, Non-Mineral Water might be exempt and Biscuits, Butter and Cheese...
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1.1KGST UpdatesOpposition wants CGST/IGST Bill, 2016 as Financial Bill-Why ?
In the previous update, we had discussed various provisions of how a bill is classified as Money Bill or a Financial Bill....
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710GST UpdatesWhy Place of Supply Rules for goods and services in GST
Now, until this update, we have discussed about destination and origin based taxation, differentiation between B2B Supply and B2C Supply, how Destination...
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623GST UpdatesPlace of Supply Rules:- Whether in India we would be having GST based on destination based taxation
The big question is whether in present scenario of GST in India, whether we are following destination based taxation and if we...
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619GST UpdatesHow Destination Based Taxation allows seamless flow of credit from one business to another
Lets discuss how Destination Based Taxation allows seamless flow of credit and how B2B supplies and B2C supplies play their part in...
