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Tag: GST


E-Way Bill : A primer

The much discussed e-way bill regulations are slated to go live on the 1st of February 2018. While the IT infrastructure leaves a lot to be desired, it is still …

Applicability of GST on Bitcoin?

To say that bitcoin is quite the rage would be an understatement. The crypto currency has gone through numerous highs of late and as a result more people seem to ...

GST tweaked again | 22nd GSt council meeting outcomes

Changes in the functioning of Composition Levy For taxpayers under the Composition Scheme, annual applicable aggregate turnover shall be increased to Rs. 1 crore ( this was previously Rs. 75 …

GST : Input tax Credit explained

Input Tax Credit, popularly known as ITC, is a highlight of GST India from its very inception. It is designed to bring Goods and Services Tax (GST) “a seamless flow …

How to furnish letter of undertaking (LUT)/Bond under GST

  The main purpose of Bond or Letter of Undertaking (LUT) is to prevent Cash Outflow from pocket of exporter.‘Export’ and ‘Supply to SEZ units’ is collectively termed as “Zero …