Input Tax Credit of the taxes paid under CGST against SGST and vice versa: The basic requirement of implementing CGST and SGST under...
Let’s assume Tax Rate in GST is 20%, out of which CGST is 10% and SGST is 10%. IGST leviable on Inter...
In the last update, we had discussed about the general rule for the determination of Place of Supply of Service. The general...
Section 6 of the Draft IGST Law provides how to determine Place of Supply of Service. Provisions of Section 6 of Draft...
Is this a hint that all is not well. Meeting of GST Council which was scheduled to be held on 24th and 25th...
The Exemption List under GST is under Preparation. It is expected that Grains, Non-Mineral Water might be exempt and Biscuits, Butter and Cheese...
In the previous update, we had discussed various provisions of how a bill is classified as Money Bill or a Financial Bill....
Now, until this update, we have discussed about destination and origin based taxation, differentiation between B2B Supply and B2C Supply, how Destination...
The big question is whether in present scenario of GST in India, whether we are following destination based taxation and if we...
Lets discuss how Destination Based Taxation allows seamless flow of credit and how B2B supplies and B2C supplies play their part in...