Category: GST

GST Revenue Collection of January 2018 is Rs.86,318 Crores from 1.03 Crore Dealers

February 27, 2018 Chandan Tiwari No Comments

GST Statistics of Jan 2018 – GST Revenue Collections stand at Rs.86,318 crores for the month of January 2018 (received in January/February upto 25th February 2018). More than 10 Million Dealers registered till 25th February 2018 – As per data provided by PIB, 1.03 crore taxpayers have been registered under GST so far till 25th…

GST, Media

Tax Treaty with Iran to prevent Double Taxation and Fiscal Evasion

February 19, 2018 Chandan Tiwari No Comments

India and Iran signed in New Delhi today an Agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect to taxes on income. India and Iran signed here in New Delhi today an Agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect…

DTAA, GST, Media

GST Council recommends relief in GST on Circus, Dance and Theatrical Performances

February 15, 2018 Chandan Tiwari No Comments

Threshold Exemption under GST for admission to such cultural and sports events in the country increased from Rs. 250 to Rs. 500 per person In its Meeting held on 18th January, 2018, the GST Council has recommended that for the purpose of GST exemption, the threshold price limit of Admission Ticket for circus, dance,theatrical performances including…

GST, Media

Resident Welfare Associations (RWA) are liable to pay GST if monthly subscription from its members is more than Rs.7500 Per Month

February 10, 2018 Chandan Tiwari 3 Comments

GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members. Threshold Exemption Limit under GST for monthly contributions made by members for services provided by RWAs raised from Rs. 5,000 to Rs. 7,500 per month per person. n its 25th Meeting held on 18th January, 2018, the…

GST, Media

Impact of GST on the Prices of Goods and Services

December 28, 2017 Chandan Tiwari No Comments

Since GST bill has been introduced in the Parliament, economists across the country have started analyzing its impact on the economy. Recommended as the biggest reform of Indian economy, GST has a distinctive impact on every touch point from manufacturer and trader to buyer. Since it is about to proceed in the next couple of…

GST

Inter-State E-Way Bill compulsory from 1st February 2018 – GST Council Decided in its 24th Meeting

December 28, 2017 Chandan Tiwari No Comments

The 24th GST Council Meeting held on 16th December 2017, through video conferencing decides that Inter-State e-way Bill to be made compulsory from 1st of February, 2018. The System to be ready by 16th of January, 2018; The Uniform System of e-way Bill for Inter-State as well as Intra-State movement will be implemented across the…

GST

Frequently Asked Questions (FAQs) with answers on GST

December 28, 2017 Chandan Tiwari No Comments

Question 1. What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will…

GST

Understanding the GST E-Way Bill – How Will It Work?

December 27, 2017October 26, 2022 Chandan Tiwari No Comments

Under the newly introduced GST regime, the transporters are required to carry an electronic or e-way bill at the time of moving the goods from one location to another. It is a mandatory requirement and the transporters, consignors, and consignees must comply with it. This is an online version of the earlier accepted Way Bill…

GST, GST Advance Ruling Authority, GST E-Way Bill, GST Filing, GST Intelligence, GST On Trust, GST Rates, GST Registration, GST Revenue Collection, GSTR-1, GSTR-3B, ICSI, IGST, Marketing, Media

What is the Impact of GST on the Export of Services and Goods?

December 27, 2017October 26, 2022 Chandan Tiwari No Comments

Previously, the export of services and goods was subject to a levy of indirect taxes. Excise tax, customs duty, VAT, service tax, etc. was standard taxes charged from an exporter. Under the GST regime, all these taxes are subsumed into one. However, customs duty is an exemption and still levied on importers as usual. Currently,…

CGST, GST, GST Advance Ruling Authority, GST Filing, GST Intelligence, GST On Trust, GST Rates, GST Registration, GST Revenue Collection, GSTR-1, GSTR-3B, IGST, SGST

Who Can Be Taxable And Liable for Registration Under GST?

December 27, 2017October 26, 2022 Chandan Tiwari No Comments

With the introduction of GST, there has been a lot of confusion about the different aspects of this tax regime that combined nine existing taxes into one. Here, we will discuss the taxable person who is liable to register under this law. Any person who carries any business at any location in India and is…

CGST, GST, GST Advance Ruling Authority, GST Filing, GST Intelligence, GST On Trust, GST Rates, GST Registration, GST Revenue Collection, GSTR-1, GSTR-3B, IGST, Marketing, MCA, Media, SGST