IntroductionThe latest CGST rules mandate every transporter to carry e-way bills while transporting goods from one place to another if the overall value exceeds the specified limit of CGST. According…
Introduction Whether you run a big company or a small venture, factors like the level of competition, market dynamics, and the rate of interest related to your business influence its…
Introduction Cork is one of the buoyant and impermeable material, which contains phellem bark tissue layer harvested for several commercial purposes from the oak cork. Cork is known for its…
Introduction The GST Council of India has fixed the GST rate for plastic and other related plastic products. Here, you will learn the GST rate and the HSN code for…
Introduction Rubber and rubber articles consist of every hard, soft, vulcanized, and non-vulcanized product made of rubber. Common types of rubber materials are natural rubber, gutta-percha, balata, guayule, synthetic rubber,…
Introduction Rubber and rubber articles consist of every hard, soft, vulcanized, and non-vulcanized product made of rubber. Common types of rubber materials are natural rubber, gutta-percha, balata, guayule, synthetic rubber,…
Introduction The GST Council of India has fixed the GST rate for plastic and other related plastic products. Here, you will learn the GST rate and the HSN code for…
Suppose you are dealing with certain types of chemical products used in manufacturing, pharmaceuticals, or other industries. In that case, you must gain knowledge of the tax applicable to the…
Introduction The introduction of the GST system in India on July 1, 2017, mandated that every business owner stay aware of the latest GST rate of their supplied goods. However,…
Introduction The Goods and Service Tax system has refined today's taxation system in India. It has unified all taxes for diverse goods and services. On the other hand, an HSN…
IntroductionThe launch of the GST system on 1st July 2017 has mandated companies and businesses to file their tax returns periodically. However, filing GST returns requires every business/company to learn…
Introduction The launch of Goods and Services Tax in India in July 2017 has mandated every company, partnership business, or proprietor to file their tax returns both yearly and monthly. …
The GST Council of India notified the GST rate for different goods and services in June 2017. Also, the Indian Government mapped the GST rates and HSN codes to implement…
IntroductionTannins refer to glucosidal and other organic compounds, which have acidic reactions and are astringent. They are helpful in the formation of pigments or corks and the protection of plants.…
Fertilizers include several substances and mixtures used mainly to supply vital nutrients to plants for their healthy growth and improving agricultural productivity. If you are dealing with fertilizers for agriculture…
Introduction The GST Act of India mandates every GST-registered company or individual business to follow the necessary schema associated with their tax invoices. Accordingly, if any business has an annual…
Introduction The GST Council of India notified the GST rate for different goods and services in June 2017. Also, the Indian Government mapped the GST rates and HSN codes to…
Introduction to GST Audits Since the launch of the GST Taxation Rule in India on July 1, 2017, the Indian Government has taken several measures to implement the new tax…
Introduction Whether you own a multinational company or an MSME unit in India, you must understand that the success of your business depends solely on its relevant financial reports. Accordingly,…
Introduction The introduction of the GST system in India has brought drastic changes in the traditional accounting and tax return filing methods. Accordingly, staying compliant with the latest GST rules…
Overview of Reverse Charge Mechanism The Reverse Charge Mechanism or RCM refers to the process of paying GST by the recipient of a product instead of its supplier. Accordingly, the…
Introduction According to the Goods and Services Tax or GST Law in India, every taxpayer must pay his tax based on the time and place of supply. Indeed, place of…
Introduction Micro, Small, and Medium Enterprises have a pivotal role in today's dynamics related to a growing economy. These enterprises serve as prime sources of creating employment opportunities and indulging…
Introduction Every business must comply with the Goods and Services Tax obligations at the end of a financial year. However, the entire GST system is complex and involves many rules…
Introduction to GST Returns GST returns refer to an official document that contains details about sales, income sources, and purchases/expenses to be filed by a GST-registered taxpayer with the Indian…
Introduction Whenever a company or venture needs to move goods whose value exceeds Rs 50,000, must generate a mandatory electronically generated bill or e-way bill. Individuals must get a unique…
Introduction Whenever goods or services are transported from a particular location to another one, the involved parties must pay a destination-based tax. This tax refers to GST applicable whenever the…
Introduction GST refers to a destination-based taxation system or consumption tax in India. GST charges a levy amount whenever goods and services are consumed and accrue to the respective state.…
Introduction E-commerce has now grown drastically in India, as many users have started selling and buying items online based on internet connection and smartphones. The latest regulatory framework for intra-state…
Introduction The government of India introduced GST (Goods and Services Tax) on the 1st of July in 2017. GST has two components intrastate transactions and interstate transactions. These two components…
Whether you are a registered individual or a business owner, you must issue a valid tax invoice at the time of or before delivering the goods for supply to a…
Whenever a person supplies goods via movement or delivery, the place of supply is the establishment or residence from where the recipient receives the delivered goods from a particular location.…
Overview of Electronic Waybill and its Validity An electronic waybill or e-way bill is a mandatory online document generated primarily on the GST's official website. In addition, as a valid…
Overview and Significance of E-way Bill E-way bill is a valid and compulsory document possessed by the transporter of any goods’ consignment, whose value is more than Rs 50,000. Moreover,…
Introduction An e-way bill is a legal document that acts as evidence related to the transportation of goods between two parties. Involved parties must generate the document electronically and integrate…
Introduction An E-way bill refers to an electronically generated mandatory document. Every party involved in the transport of goods must carry this electronically generated document to move goods in any…
Introduction An e-way bill is a mandatory document carried by the individual responsible for the conveyance of goods. The bill contains the necessary instructions and details related to the shipment…
