Blogs

Filing of GSTR-3B return is the first formal communication of business transactions with the government machinery in the GST era. It holds lot of importance especially in the current scenario where many businesses are still struggling with the basics of this new law i.e. obtaining provisional id’s, issues in logins, interpretation issues in law, dealing with the procedural aspects and many more… The list can just go on. Amidst all these barriers, the show has to still go on and one has...

Filing of GSTR-3B return is the first formal communication of business transactions with the government machinery in the GST era. It holds lot of importance especially in the current scenario where many businesses are still struggling with the basics of this new law i.e. obtaining provisional id’s, issues in logins, interpretation issues in law, dealing with the procedural aspects and many more… The list can just go on. Amidst all these barriers, the show has to still go on and one...

Background  

Under present State sales tax laws goods moving from place to place or State to State have to pass through several checkposts. The greater the number of checkposts to be crossed, the greater the delay, cost and unhappiness for the tax compliant dealer. This results in more documentation and increased cost of compliance.  

 The check posts are needed to check the non payment of tax. However when the fence itself eats the sheep ( thos in charge are...

Background  

GST is a destination based consumption tax where in the levy of tax moves along with goods and /or services. Destination of export of goods/and services would be outside India and hence there would be no GST liability on such transactions.  

Export of Service:  

Sec 2(6) of the revised model IGST law provides the definition for export of services.   

?Export of services? means the supply of any service when;  

1. the supplier of service is located in...