Rule 39: CGST SGST Rules

Website Rule 39: CGST SGST Rules Table of Contents The process of distributing the input tax credit (ITC) by the input service distributor is described in Rule 39 of the CGST/SGST. Any business that registers under Goods and Service Tax must adhere to Rule 39 of CGST/SGST. Input tax credit, or ITC, means that we […]

Place of Supply of Goods

Website Place of Supply of Goods Table of Contents GST is a destination-based tax, which means that it is levied at the point of consumption rather than the place of origin. As a result, the state in which they are consumed will have the ability to collect GST. Therefore, the place of supply is critical […]

IGST: A Detailed Study

Website IGST: A Detail Study Table of Contents IGST stands for integrated goods and services tax. IGST is one of the three components of Goods and Service Tax. An Act to make a provision for levy and collection of tax on inter-State supply of goods or services as well as on imports/exports or both. Let’s […]

SGST: A Detail Study

Website SGST: A Detail Study Table of Contents India is a federal country where both the Center and the States have been assigned the powers to levy and collect taxes. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. If you […]

CGST Act: A Study

Website CGST Act: A Study Table of Contents Goods and Service tax was introduced in India several times but actually got into effect from July 1, 2017 onwards. The idea of bringing about GST subsumed all the taxes that prevailed in the country earlier, and are now categorised differently as CGST, SGST and IGST. Central […]