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Complete procedure to GST registration

The procedure to register under GST is made simple. As per me compared to earlier laws, registration under GST is simplest. I have tried to cover the registration provision of CGST ACT, 2017 as well as Registration rules along with application rules to provide a guide on registering your busin... Click to read full article

Pulkit Sharma 22/04/2017 under CGST-Act , GST-Guide , GST-Registration

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Complete guide on online sellers on E-commerce platforms under GST

Most of the E-commerce operators or E-commerce platforms such as Flipkart, Amazon, Snapdeal etc. are making loss on their operations, instead sellers who sell online using these platform services are profitable. Selling online is fast catching business, as per various studies most of the retai... Click to read full article

Pulkit Sharma 01/05/2017 under GST-Guide , GST-Registration , GST-Basics , CGST-Act , GST-Retail , GST-Ecommerce

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Complete guide on E-Commerce under GST

Electronic Commerce or E-Commerce is defined under section 2(44) of CGST Act, 2017 as the supply of goods or services or both, including digital products over digital or electronic network. Electronic Commerce Operator or E-Commerce operator is defined as any person who owns, operates or manag... Click to read full article

Pulkit Sharma 30/04/2017 under CGST-Act , GST-Ecommerce , GST-Guide

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GST on Job-works and provisions applicable to job-works

Goods and Service Tax (GST) is a tax levied on goods and services supplied. Job-work and job-worker is defined by section 2(68) as, any treatment or process undertaken by a person on goods belonging to another registered person and the expression “job worker” shall be construed accord... Click to read full article

Pulkit Sharma 29/04/2017 under CGST-Act , GST-Guide , GST-Jobworks , GST-Basics

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Valuation rules under GST to calculate valuation when not possible under section 15 of CGST Act, 2017

Valuation rules were notified by government to determine the value of supply of goods or services or both. These rules are notified to provide valuation methods in case valuation is not possible under section 15 of CGST Act, 2017. These rules provides the methods to value the supplies where: ... Click to read full article

Pulkit Sharma 29/04/2017 under CGST-Act , GST-Valuation , GST-Rules , GST-Basics

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How to calculate the taxable value for a Tax Invoice under GST?

Calculating the taxable value has always been the crucial and most important step in arriving at the tax liability. As a tax payer, you must have questions such as: How to calculate taxable value, gross value or net value to calculate taxes such as SGST, CGST or IGSCT? Trade discount form... Click to read full article

Pulkit Sharma 27/04/2017 under CGST-Act , GST-Guide , GST-Valuation , GST-Basics

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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 CGST-Act , GST-Definition

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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-Composition , GST-Guide , GST-Impact , GST-News , CGST-Act

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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-Act