Service Tax Return Due Date Extended

The due date of service tax return for the period of 1st Oct'16 to 31st Mar'17 has been extended from 25th April'17 to 30th April'17. Service Tax department issued a Order No. 01/2017 in this regard.

GOODS AND SERVICES TAX(GST) – AN OVERVIEW

1.             Benefits: GST is a win-win situation for the entire country. It brings benefits to all the stakeholders of industry, government and the consumer.  It will lower the cost of goods and services, give a boost to the economy and make the products and services globally competitive. GST aims to make India a common market … Continue reading GOODS AND SERVICES TAX(GST) – AN OVERVIEW

DRAFT GST RULES

Five draft rules are available on CBEC website for stake holders. These rules to be approved by GST Council after suggestions. ACCOUNTS AND RECORDS APPEALS AND REVISION ADVANCE RULING ASSESSMENT AND AUDIT e WAY BILL

Mixed Supply and Composite Supply – GST

Mixed Supply Definition as per sub section 74 of section 2 of CGST Act–– "Mixed supply” means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply. Illustration: A supply of … Continue reading Mixed Supply and Composite Supply – GST