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GST

GSTR-1 Amnesty Scheme i.e. waiver of Late Fees to file GSTR–1 Extended

Ministry of finance has extended the due date of amnesty Scheme i.e. waiver of Late Fees to file GSTR–1 from 10 Jan 2020 to 17 Jan 2020. Source# Ministry of Finance Twitter Handle

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What is Goods and Service Tax?

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service […]

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No Goods and Service Tax (GST) for Duty-Free Shops

As per the Authority of Advance Ruling (AAR), the court ruling has clarified that goods sold at the Duty-Free Shops at the arrival and departure terminals of international airports shall be considered as export of goods under CGST Act, 2017. It would also be considered as export of goods under the GST Act. Hence, tax shall not […]

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