GST

Margin of Error – A GST Case Study

Ms. Rakshitha gets her Board exam results, with a score of 24 marks in Physics. The whole family and the teachers were shell-shocked to see the marks. Based on her past performance and her expectation, she should have got at least, if not more, 85% marks. She applied for revaluation …

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Features of e- way bill under Karnataka GST Act

‘e-way bill’ should be used for movement of 41 notified commodities. Important commodities are – Arecanut, automobile parts, bitumen, Cardamom, Cashew, Cement, Cement – Concrete Blocks , Chemicals of all kinds , dry fruits, edible oils, electrical goods, electronic goods, furniture , granite/marble blocks, hardware, iron& steel , tobacco products …

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Registration Process under GST

Registration under GST is compulsory for all persons having turnover more than the defined limits. Also some persons like e-commerce operator and casual taxable person are also required to register compulsory. Moreover, a person can also register voluntarily. Process of Registration  The registration under gst can be done only through …

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FAQ on applicability of GST on Traders

Q1. How will GST benefit the Trading Community? Ans. Under GST, a trader would be entitled to avail input tax credit paid on his domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form …

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How to get contact details of GST dealer or supplier

1. Can I search details of registered dealer/ supplier from the GST Portal? The Search Taxpayer functionality allows you to view the profile of any other registered taxpayer at the GST Portal on entering the GSTIN/UIN. Once you enter the GSTIN/UIN and clicks the submit button the following details will …

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All about Electronic Cash Ledger

1. What is the Electronic Cash Ledger? The Electronic Cash Ledger contains a summary of all the deposits/payments made by a taxpayer. In the ledger, information is kept minor head-wise for each major head. For convenience of user, the ledger is displayed major head-wise i.e., IGST, CGST, SGST/UTGST, and CESS. …

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Due date of Service Tax Return 1st quarter FY 2017-18 is extended

The last date of filing the service tax return for the period from 1st April, 2017 to 30 June, 2017 is 15th August, 2017. This has been decided by the government via notification no.18/2017. The above clarification by the government of India is very useful because the whole industry was confused as what is to be …

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