Meaning of important terms as definined under CGST ACT,2017

When you read an act, the first step should be to understand different words used in Act. You cannot consider dictionary meaning of words which are explicitly defined in the act. In this article let us understand the meaning of different words as defined under CGST Act, 2017. You can read full C... Click to read full article

Pulkit Sharma 22/04/2017 under GST-General


Composition scheme or normal tax rates, a thought on GST impact on small business

Goods and Services Tax (GST) to be rolled out from July 2017, will have major impact on business practices as well as economy. Big companies have hired top consultants for smooth transition. Small business owners, however will face many issues. First issue for small businesses will be to diges... Click to read full article

GST Payer 21/04/2017 under GST-Registration


A guide on registration under GST

Section 22 of CGST Act, 2017 contains the provisions on liability to register under the act. As per section 22, following persons are liable to get registered: Every supplier who make a taxable supplies for more than Rs. 20 Lakhs in a financial year, however for the person making supply from s... Click to read full article

Pulkit Sharma 20/04/2017 under GST-Registration


CGST and IGST acts as approved by president

Much awaited GST law seems to be implemented by July 2017. Hopefully this time we do not witness another extension. The law has been delayed by more than a decade. Finally GST acts are approved by President Pranab Mukherjee, state acts are still pending. President has approved much waited ... Click to read full article

GST Payer 19/04/2017 under GST-News