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…

Where a supplier is not required to charge any tax, he shall raise a bill of supply instead of invoice. Bill of supply will be raised by:

The government has clarified rules of invoicing under GST along with a template of invoice (GST INV-01) covering particulars like supplier’s details, GST tax rates etc.

Goods and Services Tax aims at providing seamless flow of credit throughout supply chain.

All registered taxpayers are free to design their own invoice format under GST However, it is required that certain fields as mentioned in the invoice.

Taking a strong note of builders and construction companies forcing buyers to make full payment before the roll-out of the Goods and Services Tax (GST) on July 1, the Center has warned builders of punitive action for trying to mislead home buyers that they will have to pay more tax under the GST regime.