IS HSN CODE OF GOODS MANDATORY UNDER GOODS & SERVICES TAX (GST) IN INDIA?

FAQ 1 : What is HSN Code? Ans. As per Wikipedia – “The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature...

KEY PROVISIONS OF THE CGST & IGST APPROVED BY GST COUNCIL ON 4th MARCH, 2017

As per the press release of the Press Information Bureau (PIB), Government of India, Ministry of Finance – The Goods and Services Tax GST) Council, in its meeting held...

SERVICE TAX ON HIGHER EDUCATION, COLLEGES & UNIVERSITIES W.E.F. 01-04-2017

The Central Government has issued Notification No. 10/2017 – ST dated 08-03-2017 to add a proviso to Entry No. 9 (b) of the Mega Exemption Notification No. 25/2012. As a effect...

TAX PROPOSALS IN RAJASTHAN BUDGET FOR F. Y. 2017-18

A quick review (Limited Information) of the Tax Proposals in the Rajasthan Budget for the F. Y. 2017-18. These proposals will get subsumed (to the extent applicable) in the...

SALARY & WAGE : RESTRICTION ON PAYMENT OF CASH IN RAJASTHAN w.e.f. 16-02-2017

The Labour Department of Government of Rajasthan has vide Notification No. F. 13(1)shram/vidhi/2017 dated 16-02-2017 has ordered payment of all Salary and Wages either by Cheque or by crediting...

EQUALISATION LEVY or GOOGLE TAX LIABILITY ON ONLINE DIGITAL ADVERTISING IN INDIA

The Central Government has introduced Equalisation Levy (EL) popularly known as Google Tax on the Online or Digital Advertising defined as Specified Services under sub section (i) of Section...

SERVICE TAX RATE ON HOTELS, RESTAURANTS & TRAVEL INDUSTRY : FROM 01/02/17 TO GST INACTMENT

There is no change in the base rate of Service Tax i.e. 14%, Swachh Bharat Cess (SBC) i.e. @ 0.5% and Krishi Kalyan Cess (KKC) i.e. @ 0.5%. NOTES...

INDIAN INCOME TAX RATE FOR F. Y. 2017-18 (A. Y. 2018-19)

A quick review (Limited Information) of the applicable provisions under the income tax act after incorporating selective amendments proposed by the Budget of 2017 are given below for ready...

FAQs ON GST (Series 4) – GST LIABILITY ON E-COMMERCE BUSINESSES

Q 1. What is e-commerce? Ans. Section 43B(d) of the MGL defines an Electronic Commerce to mean the supply or receipt of goods and/or services, or transmitting of funds...

CHANGE IN SERVICE TAX RATE ON TOUR OPERATORS w.e.f. 22-01-2017

The Central Government vide Notification No. 04/2017 has amended the Rate of Abatement under Service Tax on TOUR OPERATORS w.e.f. 22-01-2017 with details as below:- (1) A tour, only...

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