July 6, 2019
Discount under GST is of the crushal part of GST system. It directly impact on the liability of GST and ITC.It is very usual and often that Supplier offers various kind of discounts to its Customer/dealer/retailer (referred as “dealer”), in order to incentives Sales, to offset for advertisement expense uncorrected, for reduction of sale price
July 3, 2019
35th GST Council Meeting was held at New Delhi on 21 June 2019 , after more than three months of longer gap. It was the 1st GST Council meeting under 2nd term of Modi Govt. and also under the chairmanship of Hon’ble Finance Minister Smt. Nirmala Sitharaman. It was one of the meeting, for press
June 5, 2019
As we know, all the registered taxpayers have to file GSTR 9 annual return for the financial year 2018-19. The last date for filing of GST Annual return in FORM GSTR-9 is 30th June 2019. Many traders and industries have raised certain queries with respect to the filing of this Annual Return which is being
May 9, 2019
Background of this updateFor the Service sector, dealing with consumers directly (B2C), GST has been one of the areas of concern and hurdle for pricing and growth, since July 2017. One of the essential reasons for this is the increase in tax burden for services. In Service Composition Scheme under GST, small taxpayers can get