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How to Determine the Place of Supply in Case of Bill to-Ship to Transactions

In the Bill to – Ship to model, the billing and shipping of goods are done to two states and entities. In order to avoid the cascading of multiple taxes through the course of the transaction, the first sale will be taxable, and any subsequent…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

196,398 total views, 57 views today

How to Determine the Place of Supply When there is No Movement of Goods

1. When supply does not involve movement of goods, the location of the goods at the time of delivery to the recipient is the place of supply. For example: Rex Cars, whose registered place of business is Chennai, Tamil Nadu, opens a showroom in Mysore,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

130,335 total views, 60 views today

The Sin of Being Small: How GST Law will Affect you

Arguably the biggest indirect tax transformation will be upon us in a few weeks from now. The law makers are deliberating on the specific clauses and contours of it – so that the appropriate legislations can be passed. Are you GST ready yet? Get ready…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

112,991 total views, 33 views today

How to Determine the Place of Supply when there is Movement of Goods

In the previous blog, we discussed what is place of supply and why it is important to determine the place of supply. In the next few blogs, we will cover the parameters to determine the place of supply. Here, we will learn how to determine…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

98,150 total views, 31 views today

Why is Technology the Epicentre of GST Implementation

Technology-assisted compliance is not an entirely new concept in India.  Way back in the 1990s, taxation departments used technology for tax administration. However, this was mainly as a backend mechanism. A major shift in behaviour occurred when online filing of returns was introduced. This was…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

84,124 total views, 12 views today

What is Place of Supply in GST

Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘SUPPLY’. The taxable event under GST is the ‘Supply’ of Goods or Services. It is very important, therefore, to…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

119,436 total views, 35 views today

Provisions in GST with Respect to E-Commerce

Electronic Commerce or e-commerce has transformed the way business is done in India. Currently, the e-commerce industry in India is faced with the levy of multiple taxes. Every state has imposed its own set of rules and taxes on the e-commerce industry. The lack of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

107,818 total views, 30 views today

How to Determine Supply of Goods vs Supply of Services in GST

Schedule-II of the model GST law provides clarity on determining the type of supply as supply of goods or supply of services. This aims at eliminating the dilemma that exists in the current indirect tax system, for example, Service Tax Vs. VAT on works contract,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

111,669 total views, 31 views today

Supply of Goods or Services between Related and Distinct Persons

In our earlier blog GST Impact on Supply without Consideration and Importation of Services, we discussed about supply without consideration and the import of service. This blog discusses, in detail, supplies without consideration between: • Related person • Distinct person Are you GST ready yet?…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

76,804 total views, 20 views today

Who is a GST Practitioner?

In the current indirect tax regime, there are accounting and tax professionals who are authorized to file returns on behalf of taxable persons. Currently, this role is performed by Chartered Accountants (CAs), Sales Tax Practitioners (STPs) and advocates. The Draft Model GST Law seeks to…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

189,088 total views, 46 views today