Reading Time: 2 minutesChapter 1-GST Rates & HSN Codes for Live Animals, Bovine & Poultry – Chapter-1 This Chapter covers all live animals except : (a) fish and crustaceans, mollusks and other aquatic invertebrates, of heading 0301, 0306 , 0307 or 0308; (b) cultures of micro-organisms and other products of heading 3002; and (c) animals of heading 9508.
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Reading Time: 5 minutesE Way Bill and it’s Process What is E-Way Bill E-way bill (FORM GST EWB-01) is an electronic document available to supplier/ recipient/transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components •Part A comprising of details of GSTIN of recipient, place of delivery
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Reading Time: 16 minutesFrequently Asked Questions on E Way Bill Q 1. What is an E Way Bill? Ans. E-way bill (FORM GST EWB-01) is an electronic document (available to supplier/recipient/transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components-Part A comprising of details of GSTIN of
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Reading Time: 10 minutesFrequently Asked Questions on Composition Levy 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
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Reading Time: 8 minutesComposition Levy Scheme in GST 1. Composition Levy Scheme under GST law. Composition levy scheme is a very simple, hassle free compliance scheme for small taxpayers. It is a voluntary and optional scheme. Benefits of composition scheme • Easy compliance as no elaborate accounts and records to be maintained • Simple Quarterly Return • Quarterly
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Reading Time: 5 minutesInput Service Distributor in GST Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST), State tax (SGST)/ Union territory tax (UTGST) or integrated
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Reading Time: 8 minutesHow to Generate GST E-WAY BILL by SMS The e-way bill system has been rolled out on a trial basis from 16 January 2018. For details, please visit www.ewaybill.nic.in
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Reading Time: 7 minutesGST Rate changes on services by GST Council Meeting GST Rate changes Finance Minister Shri Arun Jaitley headed the 25th Meeting of the GST Council in New Delhi on 18th January 2018. The Council has recommended many relief measures regarding GST rates on goods and services, GST Rate changes many sectors and commodities. The Council has
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Reading Time: 4 minutesRecommendations of 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi on 18th Jan 2018. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions in the 25thGST Council Meeting held
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Reading Time: 6 minutesCasual taxable person in GST “Casual taxable person” means a person who occasionally undertakes transactions involving the supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.
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