Reverse Charge Mechanism (RCM) means the liability to pay the tax by person receiving goods and/or services instead of the person supplying the goods and/or services in respect of specified categories of supplies.

Tax Deducted at Source (TDS) is factor of Indirect Tax collection by authorities as per the Income Tax Act, 1961.

GST being One Nation One Tax is famous for the free flow of credits. But there are certain items on which Input Tax Credit is unavailable to the taxpayer.

While migrating to GST a lot of issues are being faced by businesses and to help with those issues here are few hot solutions that you can while filing GST.

What particulars are required to file GST Return-1 and the solution is right on the deck.

Trailing the zero hours as per a government official, Rs. 42,000 Crore tax was deposited till August 21 which is expected to accumulate by the midnight.

An individual or entity could have been an issue with duplicate PAN cards due to an administrative error or if he applied multiple times and received a PAN card each time.

The Goods and Services Tax (GST) Council in its 20th meeting on Saturday decided to cut the tax rate for job work.

To recover any tax not paid inadvertently, GST provides for various provisions whereby a proper officer can demand and recover such amount of tax along with interest and penalty.

Import of services for a consideration whether or not in the course or furtherance of business, will be considered as supply.

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