Skip to main content

States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley

States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley


As per the Budget estimates, over Rs 9.26 trillion was to be collected from indirect taxes

Comments

Popular posts from this blog

Transaction types in e-way bill

Transaction types in e-way bill On the e-way bill portal, once you start to fill up the form to generate a new e-way bill, you will come across a section called “Transaction Details”. The first field within this section is “Transaction Type”. Now, if we recall the e-way bill rules, they state that an e-way bill is liable to be raised for primarily the following reasons – In relation to a supply Supply made for a consideration (payment) in the course of business Supply made for a consideration (payment) which may not be in the course of business Supply without consideration (without payment) For reasons other than supply – which includes job work, removal for testing purpose, send on approval basis etc. Due to inward supply from an unregistered person Based on the above mention e-way bill rules, the options are available in the e-way bill portal. In the “Transaction Type” field, you will need to select either “Outward” or “Inward”. You need to select the option as...

Sephora Collection Bright Future Skin Tint Broad Spectrum SPF 25 Review

Sephora Collection Bright Future Skin Tint Broad Spectrum SPF 25 Review Skin Tone: Medium to Dusky Hello all, Recently, Sephora launched a bunch of new products as a part of their in-house collection. They came out with a bunch of lipsticks, foundations, eyeliners, tinted moisturizers and some skin care products. I was really intrigued by their ‘Bright Future Skin Tint’ because of its claims and decided to give it a try. So today, I am going to talk about Sephora Collection Bright Future Skin Tint Broad Spectrum SPF 25. Read on to know more. READ THESE FOR WEIGHT LOSS:   Diet Chart for Weight Loss  |  How to Lose Weight With PCOS  |  10 Best Herbal Pills for Weight Loss  |  10 Best Tricks for Lazy People to Lose Weight  |  Best Diet for PCOS to Lose Weight Price:  $18 Product Description: Which skin type is it good for?  Normal  Oily  Combination  Dry  Sensitive What it is: The Skin...

Liability to Pay GST which is unpaid – For Stakeholders

Liability to Pay GST which is unpaid – For Stakeholders In our previous blogs, we have gone through the various provisions in place for recovery of tax, as well as some special recovery provisions. While these may work seamlessly in a normal scenario, there might be some special cases, where the due amount – tax, interest and penalty – may not be recovered from the taxpayer directly. In our next series of blogs, we will evaluate all such scenarios, and understand who has the liability to pay this due amount. Certain provisions have been defined to address the liability to pay GST which is unpaid, for stakeholders. Let’s see the various scenarios. Liability to pay GST – For Agent and Principal If an agent supplies or receives any taxable goods on behalf of his principal, then both the agent and the principal will be liable to pay unpaid GST, jointly and severally. This defines the liability to pay GST for both agents and principal. Liability of Directors of Private Com...