Daily Archives: June 8, 2017

List of Cheap Daily Consumer goods after GST

Daily Consumer goods being used by the common man among others to become cheaper after GST . Implementation of Goods and Services Tax (GST) on the following items will have zero rate after the GST Law comes into force on 1st July, 2017. As a result of which these items will be available at cheaper rates… Read More »

Category: GST

New Safe Harbour Rules Notified by CBDT

Central Board of Direct Taxes (CBDT) notifies new Safe Harbour Regime In order to reduce transfer pricing disputes, to provide certainty to taxpayers, to align safe harbour margins with industry standards and to enlarge the scope of safe harbour transactions, the Central Board of Direct Taxes (CBDT) has notified a new safe harbour regime based… Read More »

GST Applicability on secondment employee salary reimbursement

Whether GST applies on reimbursement of employee’s salary by one entity to another, in case of secondment of employee? Depends on the secondement agreement as to what is the nature of relationship between the persons involved. [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions… Read More »

GST on Services by Bank in India to Person Outside India

Service provided by Bank located in India to interest bearing deposit a/c holder located outside India attract IGST/CGST+SGST? PoS (Place of Supply) of cross-border Banking services under Section 13(8) of IGST Act is location of supplier of services. Since LoS (Location of Supplier ) and PoS (Place of Supply)  are same, it is intra-state supply liable… Read More »

GST Reporting of Purchase/sale/redemption of G-securities​, T-Bills / Exempted and non GST outward supplies

If purchase/sale/redemption of G-securities​, T-Bills, Corporate bonds or interest receipt thereon to be reported in GST return? Exempted and non GST outward supplies are required to be reported at Table 8 of GSTR-1 [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied … Read More »

Registration under GST Law of India

Registration under GST law Introduction In any tax system, registration is the most fundamental requirement for identification of tax payers ensuring tax compliance in the economy. Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the… Read More »

Refunds Under GST ( India ) Analysis

Refunds Under GST Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the… Read More »

Maharashtra GST Bill 2017 in Marathi- Download – Print

Maharashtra GST Bill 2017 in Marathi Download Maharashtra GST Bill 2017 in Marathi Maharashtra GST Bill 2017 – Download – Print in English   Other States GST Bill 2017 / SGST Bill 2017 Haryana GST Bill 2017 – Download – Print Punjab GST Bill 2017 – Download – Print GOA GST Bill 2017 – Download – Print… Read More »

Maharashtra GST Bill 2017 – Download – Print

Maharashtra Goods and Services Tax Bill, 2017. MAHARASHTRA LEGISLATURE SECRETARIAT The following Bill published under Rule 117 of the Maharashtra Legislative Assembly Rules . L. A. BILL No. XXXIII OF 2017. A BILL to make provisions for levy and collection of tax on intra-State supply of goods or, services or, both in the State of… Read More »