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Article - CBEC issues concept note on GST on Education Services

CBEC issues concept note on GST on Education Services Education is not defined in the CGST Act but as per Apex Courtdecision in Loka Shikshana Trust v/s CIT, education is process oftraining and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector has

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Article - Section 2 of CGST Act,2017 – Definitions under GST

Section 2 of CGST Act,2017 – Definitions under GST  In this Act, unless the context otherwise requires, (1) actionable claim shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882; (2) address of delivery means the address of the recipient of goods or

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Article - Section 15 of CGST Act Value of taxable supply

Section 15 of CGST Act Value of taxable supply CHAPTER IV Chapter IV of the CGST Act,2017 covers four sections relating toTIME AND VALUE OF SUPPLY.The GST law has provided separate provisionsto determine the time of supply of goods and time of supply ofservices. Section 12, 13 & 14 of the Centra

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Article - FIFA U-17 World Cup 2017 exempted from GST

FIFA U-17 World Cup 2017 exempted from GST FIFA U-17 World Cup 2017 exempted from GST vide CGST rate notification no. 25/2017 dated 21st September,2017. It seeks to amend notification no. 12/2017-CT(R) to exempt right to admission to the events organised under FIFA U-17 World Cup 2017.India is the h

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Article - GST on Charitable and Religious Trusts

GST on Charitable and Religious Trusts Prepared by: National Academy of Customs, Indirect Taxes & Narcotics The provisions relating to taxation of activities of charitableinstitutions and religious trusts have been borrowed and carriedover from the erstwhile service tax provisions. All services

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Article - List of exempted goods under the GST regime

List of exempted goods under the GST regime Exempted Supplies – As per the definition u/s 2(42) any goods and/or services which are not taxable under this Act and includes such supply of goods and/or services which attract nil rate of tax or which may be exempt from tax under section 11. There

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Article - ICAI President’s Message – September 2017 – (31-08-2017)

ICAI President’s Message – September 2017 – (31-08-2017) My dear professional colleagues, Definitive and challenging role of technology in creating success stories has increased manifold over the past two decades. Indian accountancy profession aims to evolve into a technology-drive

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Article - CGST Notification No.27 /2017 Central Tax

CGST Notification No.27 /2017 Central Tax LATEST>>> E way bill will be compulsory from 1st February,2018 Seeks to further amend the CGST Rules, 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)] Government of India Ministry of Finance Departmen

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Article - List of goods which attracts 28% GST rate along with HSN codes

List of goods which attracts 28% GST rate along with HSN codes GST rate of many goods and services has changed since the time it was introduced. For example when GST was introduced around 229 were having GST rate of 28%. Where as now only 31 items are having GST rate of 28%. Below is […]

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Article - SAC Codes GST Rates for Services

SAC Codes GST Rates for Services In India, SAC codes were being used by the service tax department for classification, recognition and measurement of services. A unified code for classification, recognition, measurement  are provided depending upon the description of services known as serv

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Article - Tips to Clear CA Exams | How to Clear CA Exam | How to Clear CA Final

Tips to Clear CA Exams | How to Clear CA Exam | How to Clear CA Final About a week ago, the results of CA Final were announced. I was more than delighted, when I checked my result and came to know that I had cleared the examination. The realisation that I was finally a […]

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Article - HSN codes for GST

HSN Codes for GST Harmonized System Nomenclaturecommonly known as HSN codes. It is an internationally adopted commodity description and coding system developed by the World Customs Organization (WCO). It is being adopted in India to ensure that we also use the internationally accepted commodity desc

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Article - How to file GSTR -1 | GST Return Filing Offline

How to file GSTR -1 | GST Return Filing Offline GSTR -1 for outward supplies  Every registered person under GST will be required to submit Details of Outward Supplies of taxable goods and/or services in  Form GSTR-1. (Note : E-Commerce Operators, Input Service Distributors, dealers registered unde

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Article - What is a Bill of Supply in GST

GST What is a Bill of Supply in GST: What is a Bill of Supply in GST, What is a Bill of Supply, GST Bill of Supply, Bill of Supply Format, Download Bill of Supply Format in Excel, Bill of Supply Format in Word, Bill of Supply Rule in GST, Bill of Supply, GST, GST […]

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