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Monthly Archives: July 2017

Recovery of Tax Provisions in GST – Eflier Released by CBEC

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Inspection, Search and Seizure – Eflier released by CBEC

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Refunds under GST – Eflier released by CBEC

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Meaning and Scope of Supply – Eflier released by CBEC

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Accounting and Records Eflier Released by CBEC

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Negative List of Input Tax Credit in GST

INPUT TAX CREDIT OF MOTOR VEHICLES NATURE OF BUSINESS NATURE OF VEHICLE ITC CLAIM Dealer of Motor Vehicle Any Vehicle Full ITC can be claimed Passenger Transportation Vehicle used for Passenger Transportation   Any Other vehicle Full ITC can be claimed     ITC cannot be claimed Training relating to driving of such vehicle Vehicle […]

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Some Important points of Composition scheme of GST

I am summarizing some important points / action points for taking option for composition scheme under GST. What is the due date for taking option of composition scheme under GST? S.N. Nature of Registration Due date for submitting the option 1 Persons who are migrated from VAT/ Service Tax/ Excise The migrated dealers can take […]

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Frequently Asked Questions on Composition Scheme Released By CBEC – 05-07-2017

  Q 1.     What is  composition levy under GST? Ans.     The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States).  The objective of composition scheme is to bring simplicity and to reduce the […]

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Job Work Procedure under GST – Released by CBEC 05-07-2017

Job Work Procedure under GST – Released by CBEC 05-07-2017

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