Salient features of GST Model
by The GST would be applicable on the supply of goods or services as against the present concept of tax on the manufacture or sale of …
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Penalties and appeals under GST
Offences There are 21 offenses under GST. We have mentioned a few here. For the entire list of 21 offenses please go to our main article on offenses. …
Difference between GST and other Tax
Every commodity passes through different stages of production and distribution before finally reaching the consumer. At each stage of the production, a value addition is …
Procedure for obtaining Registration Certificate
The following documents are required for obtaining service tax registration in India: Self-attested copy of the PAN Card of the Proprietor or Company or LLP …
Concept of IGST, CGST, SGST and its calculation
To determine whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable …
VAT: Tax Calculation, Difference from Sales Tax, Value addition
VAT is a tax charged by respective State Government on sales made in intra state transactions (within the state transactions). Example: Dealer ‘A’ sold goods …
Different forms for VAT, VAT Refund
Types of Value Added Tax (VAT) The types of VAT are determined on the basis of treatment of capital goods of a firm. Input tax …
Importance of CST Act 1956, Various Provisions
Importance Extent and commencement of the Central Sales Tax Act 1956: It extends to the whole of India. It is divided into 6 chapters and …
CST Calculations
Formulation of Principles for determining when a Sale or Purchase of goods takes place in the course of inter-State trade or commerce or outside a …
Central Excise Duty: features, Nature, Scope
Central Excise Duty is an important source of revenue for Govt. of India. Revenue received from Central Excise about 2 Lac Crores Stands in second …
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