GST being a tax on the event of “supply”, every supplier needs to get registered. However, businesses having Annual Aggregate Turnover (AATO) of more than the prescribed limit as per their business in the relevant State are required to obtain GST Registration.
TDS under GST is required to be deducted by registered persons while making payment to the registered suppliers. Consequently, the TDS amount so deducted is to be deposited with the …
There is no definition of penalty under GST Act. Therefore, in common man’s language, a penalty is a punishment imposed by law for committing an offence. Further, a penalty can …
Penalty under GST Act detailed guide by taxHelpdesk Read More »
In layman’s language, a works contract is a contract of service which may also involve the supply of goods in the execution of the contract. Further, a contract of work …
Works Contract under GST: Know Everything at TaxHelpdesk Read More »
Composite supply is a new concept which has been introduced through GST. Further, the taxable event under GST is supply of goods or services or both. Apply for GST Registration …
Understand Everything About Composite Supply Under GST Read More »
Composition Scheme under GST can be opted by a taxpayer whose turnover is below Rs 1.5 crore (Rs. 75 lacs for North Eastern States and Himachal Pradesh). However, for services, …
Important Facts You Must Know About GST Composition Scheme Read More »
The ITC on capital goods can be availed on the GST paid for business purposes. However, if the depreciation has been availed on GST paid while purchasing capital goods, then …
GST regime considers selling of immovable property as supply of services. Therefore, GST is payable on the same. In this blog, we will talk in detail about GST on land …
GST E-way bill is an electronic document generate on the GST portal evidencing the movement of goods. E-way bill system has two Components – Part A and Part B – Part …
The GST registration is PAN based and State specific. Supplier has to register in each of such State or Union territory from where he effects supply. What is considered to …