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If you are confused about whether or not to get G ST audit and account services in Delhi NCR , you should. Why? After the implementation of the Goods & Service Tax Act in India, it will be the first financial year of GST for all the businesses. And having gone through the transition period of GST implementation – which was a quite confusing one. You will certainly want to avoid errors while complying with GST. Especially, in the very early year. What Are the Common Errors You Can Make? Non-payment/Short Payment of Output liability The excess claim of Input Tax Credit (ITC) Non-reversal of Input Claim failure (willingly/unwillingly) to correctly read, understand, check the applicability, and applying the provisions such as Place of Supply, Time of Supply, taxability of goods & services, payment of respective taxes (IGST, CGST, SGST) matching of Electronic Cash & Credit ledger with the books These some of the common errors that can have big financial ...

Rental from Immovable Property in GST Regime Under GST Regime, “renting of immovable property” is included in schedule II which defines it as supply of services on which the GST rate is 18%. However Entry no. 12 of exemption Notification no. 12/2017 dated 28.06.2017 exempts the services by way of renting of residential dwelling for use as residence, meaning thereby that if the residence dwelling is leased out for commercial purposes then no exemption will apply and the rental from such  residential property  being leased out for commercial activity shall be taxable to GST. Supply is Interstate or Intrastate, a tricky proposition The concept whether the supply is interstate or intrastate is new so far as services are concerned. In pre  GST regime  service tax was a Central Tax there was no State Tax on services. But in GST regime supply of services are subject to Central Tax as well as State Tax in the like manner as applicable in case of supply of...