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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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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 […]
Read MoreArticle - 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
Read MoreArticle - 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 […]
Read MoreArticle - 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
Read MoreArticle - 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
Read MoreArticle - 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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