I keep reading in posts in circles and news that business will benefit from gst as they can take input tax credits and they should pass it to consumer. Can gst authorities or knowledgeab...
Latest decision of NCDRC delivered in Feb 2017 on the subject is reproduced below: REVISION PETITION NO. 3477 OF 2016 (Against the Order dated 20/10/2016 in Appeal No. 287/2016 of t...
HOW TO BILL A CUSTOMER ? MYSELF TRAVEL AGENT. TICKET MRP:- 10000.00 BASE FARE:- 9000.00 COMMISSION RECD:- 500.00, SOLD TICKET OT CUSTOMER :- 10200.00 (Rs 200 EXTRA MARGIN APART FROM COMMISSION). M...
Goods and Service Tax (GST) has been implemented in India w.e.f 1st July 2017 with much fanfare. One of the key point as highlighted by Prime Minister of India is that it will result into reduction...
Here I am not questioning the rate of GST applied to the products. I am referring to the basic principles of GST as declared by the Central Government. With much funfair GST has been introduce...
In the earlier tax regime , Handicrafts were exempt from Excise and had very low VAT rates in most states. Under GST , there is no mention of the word Handicrafts . Each category will be in di...
Our Partnership firm having office in Mumbai and doing business activity in Mumbai after completing migration process, the GST number allotted to the firm has incorporated PAN number of one of th...
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