Applicability of this document: This document on GST is applicable to all Micro, Small and Medium Enterprises having turnover up to Rs. 1.5 Crore. Levy of GST: Brief about GST: GST stands for Goods and Services Tax. It is introduced to subsume multiple indirect taxes both at centre and state level.
Valuation Under GST
Overall Scheme of Valuation under GST: The value of supply of goods or services or both shall in general be the transaction value i.e. the price actually paid. In cases where consideration is non-monetary or supplies between related persons, offices/units of same entity located in different states, value shall be determined
INTER-STATE AND INTRA-STATE SUPPLIES UNDER GST
What are inter-state and intra-state supplies under GST? What is their relevance? GST is a levy on supply of goods or services. To levy GST, supplies are categorised in two viz inter-state supplies (supplies from one state to another) and intra-state supplies (supplies within the state). In case of inter-state supplies,
VALUE OF SUPPLY UNDER GST
SECTION 15- VALUE OF SUPPLY Name of the Speaker: S.Divyasree (Intern) Dept Name: IDT/GST This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Composition Scheme Under GST, One Page On GST,Advance Ruling,Input Tax Credit,SME,Valuation,Supply
What is Composition Scheme under GST? Composition scheme under GST is an optional levy provided to the manufacturers, traders and Restaurants to opt for composition scheme whose aggregate turnover in the previous financial year does not exceed Rs.100 Lakhs which leads to reduction of compliances for small scale businesses
Anonymity Of Donations
Brief: –Finance Act 2006 has inserted a new section 115BBC which provides that anonymous donations received by assessee on behalf of any university or other educations institution or hospital or institution referred to in 10(23C) or trust or institution referred to in section 11 be included in total income and
GST on Real Estate and works contract
Agenda GST on Works Contracts GST on Real Estate Transactions Input Tax Credit Aspects relating to them Miscellaneous Aspects relating to them This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Startup- Selecting appropriate entity related compliances
Navigation Startups – Definition; Process; Eligibility Benefits & Key Challenges Initial Entity setup pros & cons Direct Taxes Incentives Trade Marks Compliances – Secretarial Labour Laws Others MSME Benefits – Basics This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Remittance of Assets by Non-Residents
Objectives Introduction What is Remittance??? Who are Non-residents??? Relevant Notifications and Circulars Which assets can be remitted? How are assets remitted? Legal Compliances (In special cases) This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Hotel Industry Audit (Food and Beverages)
Objective of today’s session Overview on Hotel Industry Tax Structure under GST Indenting Controls Menu Rates Billing process Bill Audit Buffet Controls Physical Verification Licenses to be obtained to run bar & restaurant. This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached