GST
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.
To check the validity of the registration certificate of the supplier on the common portal www.gst.gov.in while awarding any contract and also before making payment to the supplier.
Open the following Heads of Account in the Receipt Side of Consolidated Fund and the Public Account for accounting of the GST.
The assistance will be equal to the amount of State rebate @ 7% for cinema tickets with basic price upto Rs. 100/- and @ 12% for tickets with basic price above Rs. 100/-, where such basic price of ticket is excluding the GST elements.
Exclusive contract for supply of goods where the vendor on purchase of those goods was eligible for any conditional exemption from duty of Central Excise.
DDOs after obtaining the GSTIN as Deductor from GSTN shall enter the GSTIN in the Master Maintenance link of e-Billing of IFMS. The whole process should necessarily be completed before 30.09.2018 positively.
Till the process of automated refund of SGST is introduced the manual procedure for refund of SGST shall be followed.