Imports of “Goods and Services” is defined under central GST Act, 2017.

CGST Act, 2017 states the time of supply, where there is a change in the rate of tax in respect of goods or services or both.

Section 14 of the CGST Act, 2017 states the time of supply, where there is a change in the rate of tax in respect of goods or services or both.

Although the Authority has the power to decide the methodology and procedure for determination as to whether the reduction in the rate of tax on the supply of goods or services

Under section 2(51) of the COST Act, 2017, “Fund” means the Consumer Welfare Fund established under section 57. Section 57 of the COST Act, 2017 states

While seeking a refund under GST Laws, the refund application shall be accompanied by:

There is a provision of inspection which acts as a deterrent for tax evasion. These provisions help restricting tax evaders gain the unfair advantage over authentic tax payers.

Refund refers to an amount that is due to the tax payer from the tax administration. According to section 54 of the CGST Act, 2017, any person claiming refund of any tax and interest

Transitional Provision rules, to avail CENVAT Credit, it is important that the person who is willing to take credit is registered under GST and is not a composition dealer as specified under section 10 of COST Act, 2017.

What will your bill look like after service tax, service charge, and VAT deletion, and at what rate will you get the tax in AC and non-AC restaurants?

Value of supply is the value on which tax shall be levied. Section 15 of the Central GST Act 2017 states that the value of a supply of goods or services or both, shall be the transaction value.

Goods & Services Tax (GST) is a comprehensive indirect tax system which works on self-monitoring mechanism. Under GST a normal taxpayer needs to file monthly returns and an annual return.

GST has provided an easy and simple way of payment of taxes. Under GST regime, all the taxpayers will get three electronic ledgers namely

As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the new tax regime, people are still bewildered whether under GST property rates will access or not ?

Goods and Service tax will be one tax to subsume all taxes. It will bring in the To maintain a check and examine whether correct GST is being paid and the refund is claimed…