Composite Supply Under GST
GST Composite Supply means a supply comprises of two or more goods or services, which are naturally bundled and are supplied in with each other in…
Input Tax Credit On Job Work
The principal is eligible for ITC on the inputs and capital goods sent for job work. WHEN INPUTS OR CAPITAL GOODS ARE SENT FOR JOB…
Understanding About Job Work Under GST
1. MEANING OF JOB WORK UNDER GST The manufacturer (principal) may send his goods to a job worker on contract basis after the purchase of…
Bill Of Supply Under The GST Regime
A bill of supply is a document of the transaction and is different from a tax invoice as it will not have any tax amount…
Check Your HSN, SAC & State Codes Under The GST Model Law
HSN stands for Harmonized system of Nomenclature, it is an internationally accepted product coding system used for maintaining the uniformity in the classification of goods. Goods…
Everything You Must Know About Tax Invoicing Under GST
An Invoice is required for every form of supply such as transfer, barter, exchange, license, rental, lease or disposal. GST requires a Tax Invoice or…
Accounts & Records To Be Maintained Under GST
1. ACCOUNTS & RECORDS Accounts & Records maintained by an Organisation are a crucial and important part of the day to day business. They are…
The Transitional Provisions Under GST
The procedure of GST Registration has already started and below you may see the complete analysis on model Goods and Service Tax (GST) Law Transitional…
Know The GST Rates For Supply Of Goods & Services
-The mentioned GST rates were approved on the 14th GST Council Meeting. GST shall come into effect from 1st July 2017 without any further delay.…