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The GST portal over the last six months has witnessed several changes and updates. All the new updates are rolled out on a regular basis to help and assist the taxpayers in smoothly and effectively filing their GST returns.
Despite the fact that Bhiwadi is one of the small towns of Alwar in Rajasthan, having the total population of barely one lakh, has become a key contributor in government revenue by giving 12 per cent of the total GST accumulation from Rajasthan in the state treasury.
This Article deals with defining and categorizing the transactions between the employer and employee from GST point of view.
Get to know about the changes made in the ITC (Input Tax Credit) eligibility under GST (Goods and Services Tax) which came into effect on 1 February 2019.
The Confederations of All India Traders ((CAIT) head of organization traders wrote a letter to the Union Finance Minister Arun Jaitley wherein the traders have demanded the three GST slab rates instead of levying GST at five different slab rates.
Supply of goods and services or both under GST Law is Taxable. If there is no supply than no GST levied on it.
The goods and services tax (GST) is a value-added tax charged on most goods and services sold for domestic consumption, introduced by the Constitution Act in 2016.
Recently, the Indian government has introduced some changes in the credit utilization mechanism under GST wherein the companies initially have to settle down the tax liability by availing IGST credits even before the utilization of central GST (CGST) and state GST (SGST) credits.
It has been observed that many of the businesses are using Central Goods and Services Tax Act (CGST) in a wrong manner by providing fake/ wrong receipts to the customers.
