Daily Archives: August 4, 2017

Constitution of Sectoral Groups on GST 

Constitution of Sectoral Groups on GST The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST. The Council has received reports from sixteen out of the eighteen sectoral groups. The GST Law Committee comprising of officers… Read More »

Sale of Products after Introduction of GST 

Sale of Products after Introduction of GST On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by… Read More »

GST on Employee Reimbursements Expenses

GST on Employee Reimbursements Expenses Reimbursement of expenses for supplies received by employees from registered dealers : The expenditure is in the nature of business cost incurred for the furtherance of business, employer shall be eligible to avail of the Input Tax Credit (ITC) of the GST paid by employee, at the time of receipt of… Read More »

Category: GST