GST E-Invoice 2021: Advantages, Applicability, Game Changer
GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal (https://einvoice1.gst.gov.in/).
GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal (https://einvoice1.gst.gov.in/).
Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as
New Buzz in the World of Compliances: The world has seen a lot of changes through centuries and business also. Today, we have grown from
Introduction to transfer of business: Covid-19 has impacted businesses in many ways. Apart from disruptions due to closure of business offices, factories, markets, etc., the
Steps by Step Guide to Make GST Payment: Tax Payment in GST Regime, Steps to Make GST Tax Payment at GST Portal i.e gst.gov.in. GST
What is GST Audit? Annual Audits: Mandatory for registered person whose aggregate turnover during a financial year exceeds 2 Crore. Audit by Tax Authorities: Commissioner or
A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the
Search GST Number: Search your GSTIN of the Taxpayer number all over India, Just type your GST number below and check name and address of
Know GST Return Status, Guide for how to Track Return Status online. Checkout step by step guide for how to cheque GST Return Status via
Update DSC at GST Portal, Manual Guide and FAQs for DSC Update. Check out step by step guide for updating DSC at GST Portal with
Special Audit in the Area of Excess Credits – In order to check “frivolous and fraudulent” tax credit claims by businesses, the CBEC has decided to
GST on Govt Departments, Local Bodies, with TDS, RCM Applicability, GST on Services to Govt and local Authorities..GST is destination based tax on consumption of goods
ITC Rules for Capital Goods under GST ruLE 43. Below are the high level rules for determination of Input Tax Credit (ITC) w.r.t. Capital Goods
ITC under GST: Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and
Anti Profiteering Provisions: The concept of Anti Profiteering though being discussed off late but in substance was prevailing in India since bygone era. As the name
Practical Approach of GSTR 2: For filing GSTR 2, the given below question & answer will be useful. Similarly, for understanding GSTR-3B & GSTR-1. We
Interest rates under GST Act, Interest Provisions under GST Regime. It details interest rates applicable in GST under various scenarios. Every person liable to pay tax
Home buyers – Split the contract and pay less GST?: The charging of tax on the provision of works contract service for construction of a
Registration of GST with practical issues: Every one know that GST registration is required the moment you cross threshold limit of Rs. 40 lacs and
Deemed Export under GST: India offers a well-structured tax system for its population. Taxes are the largest source of income for the Government. This money is
TDS Certificate & Benefit of TDS to the deductee: The deductor shall, in the manner prescribed, furnish to the deductee a certificate mentioning therein the
GST TRAN 1 Do’s and Don’ts, Troubleshooting GST TRAN 1 issues. Every registered person who is eligible to take credit of eligible duties and taxes paid
GST Composition Scheme for Restaurants: The Government has introduced a composition levy under GST Law to simplify the taxing mechanism for small taxpayers to keep up
GST Gains and Pains on Rates, Registration, Compliance, TRAN. However, indirect taxation in India has witnessed a paradigm shift on July 01, 2017 with usherance into
Employee Employer Transactions under GST – Recent Advance Ruling. “Employees who believe that management is concerned about them as a whole person – not just an
Practical Implications of Works Contract: GST rollout w.e.f 01st July 2017 was a planned event for ministry and department, but all most all business entity
Impact of advance ruling on export of services: Recently Maharashtra Authority for Advance Ruling holds that back office support services is in nature of intermediary services.
Seven Key issues in GST: Even after almost four month of the launch of GST in India, people and businesses are still struggling to accept
Clarification on various doubts related to treatment of sales promotion schemes (Pharmaceuticals, FMCG Industry etc..) under GST. It has been noticed that there are several
Surrendering Trade Name – Key to Concession under GST?: The famous Shakespeare quote, “What’s in a name?” has lost its’ relevance in the present day