What is Time of Supply for Services on Reverse Charge

In our previous blog, we discussed Time of Supply for Services under the Forward Charge Mechanism. Under the reverse charge mechanism, the recipient or buyer of services has to pay tax to the credit of the government unlike forward charge, where the supplier has to pay…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

89,120 total views, 30 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

102,632 total views, 9 views today