The significant advantage of GST is the availability of input tax credits throughout the supply chain, which are claimed based on self-assessment. However, the self-assessment-based approach for claiming ITC has…
Petitioner: Ocean Sparkle Ltd Respondent: Assistant Commissioner (ST) Court: In the High Court of Andhra Pradesh Facts of the Case: The case challenges an assessment order issued by the first…
Imagine you have a business, and sometimes you need to send goods worth a lot of money from one place to another. The government wants to keep track of these…
Generating e-way Bills involves the entry of mandatory details like Customer name & address, shipping form & shipping to location, supplier name & address, HSN (Harmonized System of Nomenclature) codes,…
GST Registration process is completely driven online, and prospective taxpayers have to submit the required documents online. The approval process is also online. On submission of the required data and…
GST Registration Persons have to obtain GST Registration once they cross the threshold. Application for GST Registration has to be submitted online through the Common Portal, i.e., gst.gov.in. After applying…
E-invoice is implemented in India for taxpayers whose turnover is above Rs 5 crores and below Rs 10 cross from the first of August 2023. e-invoice is implemented in a…
e-way bill is a document that needs be generated by the supplier, transporter, or recipient of the goods if the value is more than Rs 50,000. For the generation of…
In India, businesses must register for GST once their annual turnover crosses the threshold. GST Registration allows businesses to charge GST from consumers and claim Input Tax Credits (ITCs) for…
GST Registration is a crucial requirement for businesses operating in any country, as it enables compliance with tax regulations and other legal aspects like the Companies Act, Export or Import…
GST Registration is mandatory for taxpayers whose turnover crosses the prescribed threshold limit, but there are cases where it is compulsory to obtain GST Registration even in cases like Tax Collected at…
The GST Registration obtained by the taxpayer has to be changed for some reason or another, like a change of the Principal Place of address, or due to the expansion…
GST, or Goods and Services Tax, is a comprehensive tax implemented in India on the supply of goods and services since July 1, 2017. To comply with the tax regulations,…