GSTNagar: RECOVERY OF TAX

GSTNagar: RECOVERY OF TAX: 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the time...

GSTNagar: Refunds in GST

GSTNagar: Refunds in GST: Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds ...

GSTNagar: TCS MECHANISM in GST

GSTNagar: TCS MECHANISM in GST: Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted ...

GSTNagar: Composition Levy Scheme under GST

GSTNagar: Composition Levy Scheme under GST: Q 1.  What is composition levy scheme under GST ? Ans. The composition levy is an alternative method of levy of tax designed for small...

GSTNagar: Charitable and Religious Trusts under GST

GSTNagar: Charitable and Religious Trusts under GST: The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over fr...

GSTNagar: Levy of GST on supply of services to the Co-operat...

GSTNagar: Levy of GST on supply of services to the Co-operat...: S. No. Question Answer 1. The society collects the following charges from the members on...

GSTNagar: INPUT TAX CREDIT MECHANISM

GSTNagar: INPUT TAX CREDIT MECHANISM: Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and Services ...