The big eat the small. Under GST the death kneel for small businesses in the form of Composition scheme and elaborate return requirement if not in.
Under model GST law, tax is levied on the supply of goods and/or services. Tax, namely CGST/SGST is payable at the time of supply of goods and/or services.
The GST article series was started with the basic concepts, now on definition. Next would be the transitional provi
The GST article series was started with the basic concepts, now on definition. Next would be the transitional provisions (specified and left out) and ending up ..
The net cost of GST is after set off aginst credit- therefore important.
This is a part of the series of articles to understand the model law. The understanding of the definitions of terms being important is being discussed in the ea..
Continuing the series of basic and simple articles on the Model GST law we examine some of the important definitions and concepts in the next few articles. Back..
Place of Supp;ly necessary to apply relevant destination State SGST & to find out whether liable under rverse charge & whther provded outside India or an exp
Job work on payment of GST and without is possible.
Input tax credit covers inputs, capital goods and input services. The restrictions in CG credit may need to be agitated.