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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

119,409 total views, 8 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

111,642 total views, 4 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

76,790 total views, 6 views today

GST Impact on Supply without Consideration & Importation of Services

In our earlier blog Supply of Goods and Services: What does it Mean we discussed about supply with consideration which is mostly about business operational activities like sales, transfers, and so on. In this blog post, we will discuss exceptional scenarios, which form a part of…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

87,478 total views, 5 views today

Supply of Goods and Services: What does it Mean?

Under the current indirect tax structure, the taxable event differs for each type of tax. The taxable events under the current indirect tax structure are captured below: Type of Tax Taxable Event Central Excise Removal of excisable goods VAT On sale of goods Service Tax…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

117,525 total views, 4 views today