8 Practical Issues under GST

By Agam Gupta June 6, 2017

Based upon the queries, we have tried to compile some important practical issues to help you understand the GST far better. Also, various people across India have this doubt, whether they are covered under GST or not.

Valuation for Money Changing Business under GST as per Final Valuation Rules

By Paras Mehra June 6, 2017

To ascertain the value of money changing services, a supplier can choose between two options. However, a person supplying the services may exercise this option to ascertain value for a financial year and such option shall not be withdrawn.

All About Valuation – How valuation is done for supply of Goods/Services under GST

By Paras Mehra June 5, 2017

The value of a supply of goods and/or services shall be the transaction value [in monetary terms], that is the price actually paid or payable for the said supply of goods and/or services or both.

How valuation is done when Price is not a Sole consideration for goods/services under GST Valuation rules

By Paras Mehra June 5, 2017

Under GST, the valuation is done based on the transaction value only if price is a sole consideration and supplier and the recipient are not related. In this article, we shall discuss how valuation is done when price is not a sole consideration.

What is the meaning of Open Market Value of supply of goods or services under GST?

By Paras Mehra June 5, 2017

Open market value means the full value in money, (excluding GST & cess) where the supplier and the recipient of the supply are not related and price is the sole consideration, to obtain such supply at the same time when the supply being valued is made.

How Valuation is done in case of related parties under GST as per Valuation rules

By Paras Mehra June 5, 2017

Section 15 of CGST act governs the provision of valuation under the GST law. As per section 15, transaction value shall be accepted as the value for valuation purpose subject to the following conditions.

Goods & Services Tax in India (GST) – 24 Questions Answered by Government on Twitter

By Paras Mehra June 1, 2017

Under this article, we have compiled some of the most important queries that were asked by various people on twitter directly to the government. Further, the government was also very sharp and to the point.

GST Tax Rates for Live trees and other plants bulbs, roots and the like; cut flowers and ornamental foliage – Chapter-6

By Akansha Munjal May 30, 2017

In this article, we wish to present the GST tax rates on chapter 6 Live trees and other plants bulbs, roots and the like cut flowers and ornamental foliage.

GST Tax Rates for Ores, Slag and ash – Iron ore, Gold, Silver, Jewellery

By Akansha Munjal May 30, 2017

The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 26 Ores, Slag and ash along with the main heading of HSN code.