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Tag: Exemption in GST

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Changes in GST (Goods & Service Tax)

Annual aggregate turnover for availing composition scheme increased to 1 Cr. (Special category states-75Lacs except J&K and UK) Composition scheme can be availed till 31.03.2018 by both- migrated and new tax payers. Persons providing exempt services but otherwise eligible for Composition Scheme can now avail the benefit. Relief from getting registered, if turnover less than

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Reverse charge mechanism under GST and implications of exemption upto Rs. 5000 per day

Let’s look at the critical provisions of the GST law which have enabled reverse charge mechanism :- Compulsory Reverse Charge even if the supplier is registered – Sec 9(3) The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall

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