Scrutiny and Assessment relating to Gold-Kerala VAT 2018 Government have set up the target of 25% revenue growth this financial year. It is observed that the revenue work progress is slow. Time and again Government has informed to take strategic actions to improve revenue by identifying potential areas and completing the priority cases. The Gold […]
Kerala VAT Scrutiny- Guidelines for planning collection of Data The Government has given instructions to complete the back log VAT works and ensure improved revenue performance. The Department has developed the SCRUTINY MODULE to do the scrutiny and assessments efficiently as per the law, without any errors. In order to facilitate planning for collection […]
1.E-Way Bill under GST E-way bill is an electronic document generated on the GST portal evidencing movement of goods. It has two Components- Part A comprising of details of GSTIN of recipient, place of delivery (PIN Code), invoice or challan number and date, value of goods, HSN code, transport document number (Goods Receipt Number or […]
ITC is not available in some cases as mentioned in section 17(5) of CGST Act, 2017. Some of them are as follows: a. motor vehicles and other conveyances except under specified circumstances. b. goods and/or services provided in relation to:. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, except under […]
There are 21 offenses under GST. We have mentioned a few here. For the entire list of 21 offenses please go to our main article on offenses. The major offenses under GST are: 1. Not registering under GST, even though required by law. (Read our article for the list of those who have to register […]
The 22nd GST Council Meeting was held at New Delhi on the 6th of October 2017. In the meeting, various decisions and changes pertaining to GST return filing, composition scheme, GST rates have been announced. The various measures announced in the 22nd GST Council will tremendously improve ease of compliance for SMEs. In this article, […]
The rules for the time of supply under GST plays a very important role in determining when to pay tax for a transaction. The general rule for time of supply for goods is earliest of the following – 1. Date of issue of invoice 2. Date of receipt of payment/advance 3. Date on which invoice […]
The infrastructure sector is the backbone of the Indian economy. The government has been making efforts to boost the sector through various schemes and incentives. According to the government, total infrastructure spending is expected to be about 10% of GDP (gross domestic product) during the 12th Five-Year Plan (2012–17), up from 7.6% during the previous […]
The 22nd GST Council Meeting was held at New Delhi on the 6th of October 2017. In the meeting, various decisions and changes pertaining to GST return filing, composition scheme, GST rates have been announced. The various measures announced in the 22nd GST Council will tremendously improve ease of compliance for SMEs. In this article, […]
The rate of tax is 18%http://www.cbec.gov.in/htdocs-cbec/gst/central-tax-notfns-2017
