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Movie Producers to Pay IGST on Reverse Charge Basis: West Bengal AAR

Movie Producers to Pay IGST on Reverse Charge Basis: West Bengal AAR WEST BENGAL AUTHORITY FOR ADVANCE RULING in case of “Udayan Cinema Pvt Ltd” held that The producer of a feature film is liable to pay IGST on reverse charge basis on payment made to a line producer engaged in Brazil.

Cancellation, Revocation and Re-Registration under GST

Cancellation, Revocation and Re-Registration under GST The GST Regime mandates every person/business with an annual turnover of Rs. 40 lakhs* (Rs 10 lakhs for North Eastern states) or more, to register as a normal taxable person.

Change in GST Rates for Real Estate Sector from 1st April 2019

Change in GST Rates for Real Estate Sector from 1st April 2019 Government has issued notification w.r.t. changes in GST rates for real estate sector with an option to charge new tax Rate from 1st April 2019 for ongoing projects.

Effective 1st April 2019, Reset the Invoice number series: GST Advisory

Effective 1st April 2019, Reset the Invoice number series: GST Advisory Rule 46 (b) of the CGST Rules 2017 suggests that any tax invoice should have a 16 character alpha-numeric invoice number unique for a financial year. This draws attention, now that we are entering a new Financial Year – 2019-2020.

A Complete Guide to Reverse Charge Mechanism under GST

A Complete Guide to Reverse Charge Mechanism under GST GST Council has been working diligently towards a fairer taxation system and reduce tax evasion. One such crucial measure taken by the council is Reverse Charge Mechanism.