PLACE OF SUPPLY AND SERVICE UNDER GST Location of the recipient of service: Where a supply is received at a place of business for which the registration has been obtained Such place of business Where a supply is received at a place other than the place of business for which registration has been obtained (a fixed establishment elsewhere) Such fixed establishment Where a supply is received at more than one establishment, whether the place of business or fixed establishment The location of the establishment most directly concerned with the receipt of the supply In absence of such places The location of
GST Rate on expenses Sr. No Nature of Expense Rate of Tax Whether registered supplier will levy tax Reverse Charge(If supply is unregistered) Whether Eligible for Input Credit 1 Salary, wages & bonus paid to employee 0% No No No 2 Electricity bill 0% No No No 3 Water Charges/ Plain Water 0% No No No 4 Bank Interest 0% No No No 5 Professional Tax 0% No No No 6 BMC Tax 0% No No No 7 Building / Property Tax 0% No No No 8 Rent Deposits 0% No No No 9 Other Deposits 0% No No No
FDI COMPLIANCE BY INDIAN COMPANIES FDI means investment by non-resident entity / person resident outside India in the capital of an Indian Company. A foreign company planning to set up business operation in India may incorporate a company under the Companies Act 2013 as a Joint Venture or a wholly owned subsidiary or set up a Liaison office / Representative office or a Branch office of the foreign company which can undertake activities under Foreign Exchange Management Regulations, 2000. Entry Routes for Investment 1. Automatic Route approval of Govt or RBI up to 100% of paid up capital of Indian company Applicable
STEP BY STEP GUIDE ON HOW TO FILE GST RETURN-3B 1. After login, select Return Dashboard 2. Select Financial Year 2017-18 and Month July. Click Search and Select GSTR-3B 3. Declare your liabilities and ITC claims in Section 3.1 and 4 respectively by clicking on the tiles and furnishing the required information. Transitional ITC cannot be claimed in GSTR3B. It can be claimed only through TRANS 1 and TRANS 2. 4 . Enter details of interest, if payable, in Section 5.1. Late fee will be computed by the system 5. Click on Save GSTR-3B button. After you save the data, Submit button will get enabled.