DECODING GST#1- INPUT TAX CREDIT OF CGST, SGST AND IGST

Goods and Service Tax has brought the ray of hope of increased revenue for Government and elimination of cascading effect of multiple taxes and simple tax structure for Assessees. GST has now become a reality and it will finally be implemented with effect from July 1, 2017.

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Concept of Supply and Place of Supply under GST

Synopsis for Concept of Supply SUPPLY INCLUDES Supply of a good or service, made or agreed to be made for a consideration by a person in the course or furtherance of business such as • Sale, transfer ,barter, exchange • License, rental, lease • Disposal • Importation

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