GST slab rates in India 2022 easily explained
The GST Council determines the GST slab rates for both goods and services. Additionally, the GST Council also reviews these slab rates on a regular basis. File GST Return Here …
GST
GST Registration on basis of State & Turnover
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.
Expert Guidance For TDS Under GST
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 …
Penalty under GST Act detailed guide by taxHelpdesk
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 …
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Works Contract under GST: Know Everything at TaxHelpdesk
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 …
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Understand Everything About Composite Supply Under GST
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 …
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Important Facts You Must Know About GST Composition Scheme
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, …
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What is the Impact of ITC on Capital Goods?
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 on land and Building
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 [Ultimate Guide]
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 …