GST and JOHNNY- UPDATE No.40

This papa: - In erstwhile Excise regime, export under bond or LUT, there was requirement to maintain the balances. The amount is debited as soon as export goods are cleared from factory and afterwards credit is granted as and when the proof of export is submitted in Annexure 19. A proper account was … [Read more...]

Recommendations of the 33rd GST Council meeting

                                                                   Ministry of Finance               Recommendations of the 33rd GST Council meeting                                                    Posted On: 24 FEB 2019 5:51PM by PIB Delhi Real estate sector is one of the largest contributors … [Read more...]

Common Conceptual Errors in GST

It is said that awareness of errors is the first step towards correcting them. It is because unless we are aware of the errors committed, we would not take any steps towards rectifying them. Errors prove costly under any taxation regime. Errors could be classified into two categories, i.e. clerical … [Read more...]