Simplifying Tax for C.A's and Taxpayers

Category Archives: GST

Are you liable to pay GST under Reverse Charge?

Are you liable to pay GST under Reverse Charge?

Don’t assume that since you are a buyer, you just have to pay tax to seller and that’s all. It is very much possible that you could be liable to pay tax to the government directly, under the concept called reverse charge. Few might argue that this is not a new concept as it exists under service tax law in present indirect tax regime and they are well versed with it. Then why? Read More

Filed Under: GST

Import of goods and services under GST

Import of goods and services under GST

It will not be incorrect to term GST as the current anthem of the nation. July 1, the appointed day for implementation of GST is near. In our previous article (Export of Goods and Services under GST), we discussed the GST provisions and impact on export of goods and services. In this article, we will be looking at the GST take on other leg of international trade which is import of goods and services. Read More

Filed Under: GST