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Tag: GST


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 …

Reverse Charge in The GST Era

Reverse charge mechanism (RCM)- Are you also having trouble understanding this dreaded Reverse Charge Mechanism (RCM) under Goods and Services Tax (GST). Here a brief note along with Key discussion …