Search results
- GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.
cleartax.in/s/gst-law-goods-and-services-taxGoods and Services Tax: What is GST in India? Indirect Tax ...
People also ask
What are GST rates?
What are the different types of GST?
What are the changes in GST?
What is the difference between IGST and GST?
GST Rates in India 2024 - Explore updated GST rates for the list of products under various slabs of 0%, 5%, 12%, 18% & 28%. Find item-specific GST rates for food, clothes, gadgets, and more at Cleartax.
Sep 1, 2024 · The Finance (No. 2) Act of 2024 has been enacted on 16th August, 2024. The sections 114 to 157, which are related to GST, shall however come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Aug 28, 2024 · Good and Services Tax (GST) is an Indirect Tax which has replaced many Indirect Taxes in India. Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
- Introduction to GST. On July 1st, 2017, India moved to a new tax system – one that aims at converting the entire nation into a single market. If you are new to GST and keen to know how this new tax will affect you and your business, this section will help you understand the basics of the ‘Good and Simple Tax’.
- GST Returns. Filing tax returns on time is an important part of being GST-compliant. Learn more about which returns your business needs to file, and how to file them on time.
- GST Invoicing/Billing. The first step to becoming GST-compliant is creating correct invoices. However, not everyone knows what a GST-compliant actually is.
- Time, Place & Value of Supply. The point of taxation, type of tax, and amount of tax depends on the time, place, and value of supply. It is necessary to understand how these rules apply in case of inter-state and intra-state transactions so that you charge the correct tax every time.
2 days ago · What's New. Clarification regarding regularization of refund of IGST availed in contravention of rule 96 (10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess - regarding.
Sep 30, 2022 · New restrictions on the claim of Input Tax Credit. From 01 st October 2022 Government can can restrict the Taxpayer’s ITC if his vendor has: Defaulted in paying tax for such a period or Short paid taxes by a certain percentage. Availed excess ITC by such limit or Utilized ITC to pay taxes in excess of the maximum allowable limit.
Goods and Services Tax Government of India, States and Union Territories. Register; Login
