GST Integrates FASTag with Eway Bill
Introduction to GST and Its Evolution Goods and Services Tax (GST) is an indirect tax regime implemented in India as of July 1, 2017. It aims to replace the complex…
Introduction to GST and Its Evolution Goods and Services Tax (GST) is an indirect tax regime implemented in India as of July 1, 2017. It aims to replace the complex…
Introduction to TCS (Tax Collected at Source) Tax Collected at Source (TCS) is a provision under the Income Tax Act where the seller of specified goods or provider of specified…
Introduction to Form DRC-01B Form DRC-01B is a vital compliance form introduced under India's Goods and Services Tax (GST) regime. It aims to ensure proper reporting and reconciliation of tax…
Introduction to Credit Models and GST Data Credit risk modeling involves developing statistical models to predict the probability of loan default or other credit events using various borrower data. With…
The concept of casual taxpayer registration under the Goods and Services Tax (GST) regime is important for businesses to understand. So, a clarified knowledge of casual taxpayer registration - who…
Tax efficiency mainly refers to the strategies that a particular individual gets to use so as to save on his income and prevent a huge sum that will otherwise get…
Annual return filing and compliance is the moral and social duty of every responsible Indian citizen. It helps the government determine the amount and means of expenditure of the citizens,…
The taxpayers must understand the risks and consequences of non-adherence to the GST regulations. Multiple charges and penalties are levied on taxpayers who don't file GSTR-7 returns according to the…
Every business and individual with an aggregate yearly turnover of over ₹40 lakhs must get GST taxpayer registration. The limit is over ₹10 lakhs for businesses established in the North…
GST has undoubtedly changed the face of indirect taxation in India since its launch in 2017. But while GST does help simplify taxation for businesses, it is still complicated in…
According to Section 2(20) of the CGST Act, 2017, a casual taxable person is a person who occasionally manages transactions involving the supply of goods or services or both. This…
In the Goods and Services Tax (GST) era, the ‘Casual Taxable Person’ concept is gaining more significance. A person must obtain registration in the state where the taxable supply is…
The Government brings new updates from time to time in the Goods and Services Tax. The GST tax mechanism was introduced to ease the complexities of the existing tax system…
Goods and Services Tax is one of the excellent tax provisions in the Indian taxation system. As per this mechanism, if a business’s annual sales exceed the specified exemption limit,…
The Goods and Services Tax combines multiple taxes into one. And now, complying with the tax laws has become easier than ever for businesses. The big companies have enough resources…
The input tax credit is the goods and services tax a taxable person pays to buy any services or goods. You must note that the goods and services are particularly…
Regular taxpayer registration and GST registration are mandatory to conduct business in India. Businesses with more than ₹40 lakh turnover must get normal taxable entity registration. For businesses based in…