Valuation of Supply under GST in India

Introduction

Valuation of offer primarily revolves around the determination of the worth of offering of products and or services on that tax is to be levied. Valuation of the offer of products or offer of services shall be the dealing price wherever the provider & the recipient isn't connected half. within the current regime, taxes are to be calculated on the worth of …

GSTR 11 form Guide: Return to be filed by UIN holders

What is GSTR 11 form?

GSTR 11 form must be filed by all taxpayers United Nations agency are issued distinctive positive identification underneath GST throughout the months they purchase things for his or her own consumption to induce tax credit/refund on their purchases. Unique Identity variety may be a special classification created for foreign diplomatic missions and embassies that …

Destination & Origin based tax

The simple difference among the vacation spot based totally tax and starting place based tax lies inside the fact that origin based taxation seeks to levy and gather tax on the idea of place of manufacturing and destination based totally taxation seeks to levy and collect tax on the idea of location of consumption.this text is all about the distinction among vacation spot based totally …

Challan for payment under GST

A taxpayer can create challan below GST from GSTN portal for the purpose of payment of taxes. The payment details should be fed in via the taxpayer or his/her authorised individual as the case perhaps. it's miles possible to fill in the challan form in part and briefly “keep” the challan for completion at a later level. A saved challan may be “edited” before finalisation. …

What is difference between CGST, SGST & IGST

Why we are getting three taxes – CGST SGST and IGST?

India is a federal nation where both the Centre and the state have been assigned the powers to levy and collect taxes. both the tiers of presidency need to elevate assets as they have awesome constitutional obligations to perform. A dual GST in which Centre and state concurrently levy GST will, …