GST REVISION CLASSES FOR CA, CMA, CS

Pearl accountants is one of the best business consultancy services in India. We are here to help and enhance your business in a suitable manner. Are you looking to form a company in India??? You are at the right place... We at the Pearl Accountants offer company formation India , best business consultancy services in India, accountancy and taxation services in India. No matter where you are, we will help you form your company fast, secure and cheap. Our organization serves International businesses and has grown with success through consistent focus on exceptionally low prices, outstanding delivery, and excellent customer service. We offer formation of all business entities In India and Corporate Law Compliance services. Our specialized team of Company Secretaries, Chartered Accountants and Corporate Lawyers ensure that the services are at utmost standards.  You can register your company anytime online with the help of a trusted agent like Pearl accountants . For bus...

ToS Time of Supply fixes the point of time when the liability to charge GST arises. It also indicates when a supply is deemed to have been made. (1)ToS of Goods Liability to pay tax Liability to pay tax on goods arises at the time of supply, as determined in accordance with the provisions of this section. Time limit to issue invoice Invoice is the proof of sale. Therefore it is important to understand the time limit for issue of invoice. 1.       Generally: Case Invoice must be issued before or at the time of a. where supply involves movement of goods; or Removal of goods for supply to the recipient b. in any other case Delivery of goods or making available thereof to recipient 2.       In case of sale on approval basis: The invoice shall be issued- ·          Before or at the time of supply or ·   ...

CGST There shall be charged a tax ·          Called the central tax ·          On all intra state supplies of goods or services or both ·          Except on the supply of alcoholic liquor for human consumption CGST shall be levied on value determined under sec.15 of CGST Act CGST shall be levied at such rates not exceeding 20% as may be notified by the central Govt. on the recommendations of the Council IGST There shall be levied a tax ·          Called the Integrated Tax ·          On all interstate supplies of goods and services or both ·          Except on the supply of alcoholic liquor IGST on import of goods IGST on imports shall be collected ·          In accord...

SUPPLY[Sec.7] Supply include- All forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. Analysis- ·          The activity involves supply of goods and services ·          The supply is for consideration unless otherwise specifically provided ·          Supply is made in the course of furtherance of business ·          Supply is made in the taxable territory ·          Supply is a taxable supply ·          Supply is made by a taxable person ·          Compulsory acquisition is supply ·      ...