GstTak

  INTRODUCTION: - Tax Deduction at Source (“TDS”) means that a certain registered person making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required to deduct GST at source if the contract value without taxes exceeds the threshold limit. It is a statutory compliance which needs to be fulfilled by that person, as prescribed in the Act from time to time. It is a time bound process under which a person, called deductor, making payment or giving credit deducts GST at a fixed rate and deposits it with GST department while filing GST return. The deductee can take credit of deduction at source in his Electronic Cash Ledger and the same can be used for payment of tax at the time of filing GST return as per the prescribed procedure.   TDS under GST Law shall be deducted as per the provision of Section 51 of the Central Goods and Services Tax Act, 2017, Section 21 of the Union Territory Goods and Services Tax Act, 2017 and Section 20

  INTRODUCTION: - The aim of Indian government is to increasing the output and quality of export from India in pursuance to the “Make in India” policy. Indian government also provide the many incentives to the exporters to boost export in India and in addition to incentives, government also provide many benefits as far GST is concerned. Like Refund of GST in export of goods or Service.   CATEGORY OF EXPORT: - 1.      Export of goods. ·        Direct Export. ·        Deemed Export. (Will discuss in different article). ·        Export throughout Customer. (Will discuss in different article). ·        Export to Nepal & Bhutan. (Will discuss in different article)   2.      Export of Service.   In this article we will be discussed about Direct export of goods and refund of GST on such direct export of Goods.   First, we will look definitions: -   Goods: - As per the section 2(52) of CGST Act, 2017 "Goods" means every kind of movable property oth