Input Tax Credit is important under GST. Below is a brief and Attached are the rules. Input tax credit (ITC) is one of the core concepts of the GST framework. ITC is the credit of the GST into the...
Hello GST Subject matter experts, I need your input on my questions. Let's take an example of a person working in a company & pay income tax, net amount of money or take home is after tax money...
1. Basic Customs Duty – BCD 2. Surcharge on Customs duty Surcharge at the rate of 10% of the Basic Customs Duty is levied on imported goods under Section 90 of the Finance Act, 2000...
I am interested in knowing the impact or treatment on Exports/ Imports. How Customs duty/ Duty Draw back will be linked with GST.
I am agreed that GST is amalgamation of few taxes , but why it has resulted in hike of rates of commodities in market . If there is hike in rates , then it is just exploitation of common man in t...
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