CBDT Permitted Other Persons to Claim TCS Credit for Tax of Expenses Like Foreign Tour and Study Abroad Background As a part of this noble initiative directed towards alleviating the…
Introduction to Sales Receipts Wonder what is that little piece of paper that you receive after a purchase is being made? That very slip that you receive is very important…
Introduction to Invoice Templates The automation within the different organisations globally has reached its peak and thus the GST invoice templates used by business owners have become a secret tool…
Introduction to Goods and Services Tax (GST) In India the aim of implementing GST was to streamline the taxation system thereby, ensuring that the taxation system is simplified. The process…
Introduction Two of the crucial documents that you as a businessman encounter are vouchers and invoices. Sometimes people might use those words interchangeably. However, those two words mean different things.…
Introduction to Area-Based Exemption The area-based exemptions under the GST regime are very specific to location and the concessions are offered to the businesses that operate in that specific location.…
Introduction to GSTIN GSTIN or Goods and Services Tax Identification Number is an alphanumeric code that consists of 15 digits in total. It is used as an identification tool for…
Introduction to Commercial Invoices Commercial invoices are the unsung heroes in this international ecosphere of businesses. It works as a passport to conduct commerce globally. It acts as the preach…
Introduction to Reading Invoices Invoices are often considered simple documents however, deciphering those documents is critical to different businesses. One might misread any of the lines, resulting in overpayments, legal…
Introduction to GST (Goods and Services Tax) The GST (Goods and Services Tax) can be considered to be a kind of Value-added tax that is applied to goods and services…
Introduction to GST (Goods and Services Tax) The Indian tax landscape had been revolutionised by the GST where 17 different indirect taxes were united into one and made very comprehensive.…
Goods are being delivered across the nation, due to which the application of taxation might vary. The transactions concerning billing to/shipping to are a crucial aspect for a business as…
The place of supply becomes further critical when the goods are being exported. In such a situation, the rules and regulations surrounding such transactions become very essential. Such transactions require…
The tax regime of India has been ever changing which has resulted in changing the rules and regulations of GSTR-1 continuously. It is essential to be updated with the amendments…
Bill-to or ship-to transactions are significant during the supply of goods nationwide. Therefore, the laws and regulations encircling such transactions are complicated as well. Thus, the case studies provided will…
You might know GSTR 1; however, do you know what is required in GSTR 1 filing? Let us say you know that. Do you know what the mandatory details are?…
In this world of complex tax systems, adhering to and abiding by the deadline is extremely important. In the case of GSTR-1 return filing, the consequences of non-compliance with the…
Nil-rated and zero-rated supplies in GSTR-1 return are two of the most essential parts of filing a return. A nil or zero rating implies a 0% tax rate. One might…
Bill-to or ship-to transactions are being considered to be heavily challenging during filing. It is understandable, as people do have to understand the tougher aspects of identifying the place of…
