Daily Archives: August 5, 2017

GST registration for Casual Taxpayer started

GST registration for Casual Taxpayer started As per the Tweet from GSTIN on 03.08.2017 , Taxpayer can now log onto the GST portal www.gst.gov.in to register as a Casual Taxpayer. Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST… Read More »

Category: GST

How bitcoins will be taxable in GST of India

  Please tell how the bitcoins will be taxable in GST ? Whether bitcoins be termed as goods or services under GST? goods Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act… Read More »

Category: GST

GST Aggregate Turnover : Analysis

Aggregate Turnover in GST 1. Turnover, in common parlance, is the total volume of a business. The term ‘aggregate turnover’ has been defined in GST law as under: “Aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge… Read More »

Chocolate mithais to attract 5% GST, Centre clarifies

Sandesh, with or without chocolate, will be taxed at 5 per cent, the government clarified on Thursday along with the goods and services tax (GST) rates for other items, including rakhis, idli-dosa batter and kulfi. However, ambiguity persisted over whether the tax rate for plastic furniture would be 28 per cent as furniture or 18 per cent… Read More »

121 Countries Eligible for Investment Funds u/s 9A of Income Tax : CBDT Notification No 78/2017 Dated 3rd August, 2017

[ Notification No 78/2017 /F. No. 142/15/2015-TPL MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August, 2017 (INCOME-TAX) S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies… Read More »