GSTR-6 is more than just a return; it’s your avenue to efficiently distribute Input Tax Credit (ITC) across your organisation’s branches. This process ensures compliance
What is TCS under GST Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by
What is GSTR-8 return? GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source)
What is GSTR 2A? GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a
The introduction of the Goods and Services Tax (GST) in India has significantly overhauled the country’s tax structure. The GSTR-7 return holds considerable importance in
In the case of GSTR-7, businesses need to understand the calculation and payment process to ensure accuracy and avoid penalties. This article explores the intricacies
In the case of GSTR-7, amendments and revisions are integral to maintaining compliance. To simplify the process, the government has introduced new changes that businesses
Do you need clarification about the details for filing GSTR-7 for TDS (Tax Deducted at Source)? Look no further! This article will provide a clear
Do you need help with the reconciliation of GSTR-6 with GSTR-2A? Fret not, as we have got you covered. This article will guide you through
Filing your GSTR-7 accurately and on time is essential for ensuring compliance with tax regulations. Whether you are a business owner or a tax professional,
Are you familiar with the applicability and registration requirements for GSTR-7? This article will provide you with all the information you need to know. From
This article presents the best practices for GSTR-6 compliance that every Input Service Distributor (ISD) needs to know. With the ever-changing tax regulations, staying updated
Are you a GST-registered taxpayer who files GSTR-6? Late fees and penalties for non-compliance in GSTR-6 can significantly impact your business. From late filing fees
Are you familiar with the amendments and revisions in GSTR-6? The Goods and Services Tax Return-6 (GSTR-6) is an important document that must be filed
Unlocking the benefits of input tax credit (ITC) distribution and utilisation in GSTR-6 can be a game-changer for businesses. With the correct understanding and strategy,
The introduction of GST in India streamlined the indirect tax system, integrating a variety of taxes into one single unit, making compliance easier, lessening the
GST on fruit, nuts and peels of citrus fruits and melons According to section 2 of chapter 8 of the GST Act, the GST tax
Plastic products are classified under different HSN codes based on their specific characteristics and composition. The most common HSN code for plastic products is 39.
With the implementation of GST system in India significant structural changes shaped businesses operate and pay taxes. One of the crucial aspects of GST is
Do you start your mornings with a potent dose of caffeine from a freshly brewed cup of Joe? Or do you prefer a slightly less
In the Evolving world of technology, computers and laptops have become an integral part of our daily lives. Whether for work, education, communication or entertainment,
India is known for its rich agricultural heritage, producing a wide variety of cereals, including rice, wheat, barley, and more, with the introduction of the
“Reading is an act of civilisation; it’s one of the greatest acts of civilisation because it takes the free raw material of the mind
GSTR- 2B is a form circulated by the Goods and Services Tax Network, which includes every detail of inward supplies of goods and services received
In today’s dynamic business era, staying updated about Goods and Services Tax (GST) regulations is crucial for every business. GSTR-2 B offers seamless features which
Tax compliance can be complex for some individuals to understand, and in the realm of Goods and Services Tax (GST), reconciling GSTR- 2B is crucial
In GST, the concept of input service distributor was introduced to streamline the distribution of credits under a centralized system from the main office to
GST brought uniformity in the tax structure in India, eliminating the cascading effect of taxes on consumers. The introduction of the online portal enhanced compliance
The Goods and Services Tax was introduced to integrate multiple taxes into one comprehensive GST and make compliance easy for the taxpayers. It also eliminated
The introduction of GST laws brought about uniformity and transparency in the indirect taxation system in our country. The composition scheme was introduced to help
You may have encountered the terms GSTR- 2A and GSTR 2B while filing the GST returns as a business owner. These are two different kinds
The Indian Taxation system has noticed much transformation with the introduction of Goods and Services Tax (GST). The aim of introducing GST was to simplify
The world of taxation is very dynamic, and the introduction of Goods and Services Tax (GST) has brought many changes in compliance, where GSTR- 2B
Tax compliance can be challenging for business owners as there are many documentation and processes to be done. However, everything can be done today with
Business owners face daily challenges regarding their day-to-day operations or tax obligations. After the introduction of GST, things are simplified. However, there could be errors
The introduction of GST is a milestone in the history of the indirect tax system in India. GST replaced the complicated web of Central and
Understanding HSN Code? HSN code stands for “Harmonized System of Nomenclature”. The HSN code is a numerical classification system used to categorise goods for taxation
Works contract means a service contract involving supply, a mixture of service and transfer of goods. Examples of works contracts are the construction of a
The introduction of GST unified the complex Central and State taxes into one integrated indirect tax system in the country. The aim of the government
The composition scheme was introduced to bring simplicity and reduce the burden and compliance cost for small businesses. Registering for this scheme is optional where
The Goods and Services Tax Act was introduced to eliminate the cascading effect of taxes on the people. The salient feature of the act was
In the dynamic landscape of taxation, the Goods and Services Tax (GST) has been a game-changer in simplifying the indirect tax system in India. One
The introduction of the composition scheme was to make calculation of tax liability and compliance easier for small, micro and medium businesses. Based on business
The composite scheme was introduced to make compliance simple and easy for small businesses. It is mandatory for all taxpayers registered under the composite scheme
The role and responsibilities of an Input Service Distributor (ISD) under GSTR-6 are crucial in ensuring smooth and efficient distribution of input tax credits within
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
Technology and systems have changed our daily work, and taxation is no exception. GSTR- 2B is a powerful tool helping businesses stay updated about their
What is GSTR 1 Every taxpayer has to file returns once the GST Registration is obtained have to file returns periodically. Regular Taxpayers or casual
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
GSTR-3B is a key component return and filing GSTR-3B is mandatory for all registered businesses in India. The self-declaration summary return provides details of all
All registered taxpayers under the Goods and Services (GST) act in India need to file the monthly return GSTR 3B. This form is a summary
GST is a consolidated value added tax levied on the manufacture, sale and consumption of goods and services across India. It subsumes different taxes that
The introduction of Goods and Services tax has transformed the taxation system in the country. By unifying multiple indirect taxes into a single comprehensive tax,
The most important aspect of GST compliance is the timely submission of GSTR-3B returns. GSTR-3B is a self-declared summary return which reflects supplies, input tax
The introduction of GST laws in India has transformed the indirect tax system by replacing multiple taxes with a single unified tax structure. Many returns
The introduction of GST laws has streamlined the tax system, eliminated the cascading impact of tax on consumers and improved compliance. The various returns specific
In the ever-changing world of tax compliance, staying up to date is essential for your business to stay ahead. Goods and Services Tax (GST) is
Need for GSTR-2A: When GST was introduced in 2017, taxpayers were required to file two returns, GSTR-1 and GSTR-3B. In GSTR-3B, taxpayers were claiming ITC
Composition levy under GST is an alternative levying tax on small taxpayers. The composition levy aims to ease filing tax returns and reduce compliance costs
A GST Return is a form a Taxpayer must file for every GSTIN registered under the Goods and Service Tax (GST). GST registered Taxpayer is
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
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
Consumer empowerment plays a vital role in economic policies today, and the introduction of the GST Reward Scheme provides an important step to make the
The introduction of GST laws has created a uniform and transparent indirect tax structure in our country by unifying various taxes like vat, excise duty,
GSTR-3B is a self-assessed summary return that has to be filed by registered taxpayers under GST every month. It includes details of outward and inward
The introduction of GST laws transformed the indirect tax system in India by unifying a plethora of state and central taxes into one consolidated unit.
Filing taxes can be complex, especially regarding the Goods and Services Tax (GST) in India. A critical aspect of GST compliance is filing GSTR-3B, a
GSTR-4, the Quarterly Return for Composition Taxpayers, is a crucial component of many Countries’ Goods and Services Tax (GST) systems. It is specifically designed to
In today’s ever-evolving business landscape, staying compliant with tax regulations is essential for the success and growth of any enterprise. One such critical aspect is
The Goods and Services Tax (GST) that the Indian government implemented has undoubtedly streamlined the taxation system, yet many people still find it to be
If you are a registered taxpayer under the Goods and Services Tax (GST) regime in India, you must be familiar with the various GST returns
When it comes to India’s Goods and Services Tax (GST), businesses must comply with various filing obligations to ensure smooth and transparent tax administration. One
Introduction: One of the essential tasks for businesses is to ensure accurate reporting of their inbound supplies from registered suppliers. GSTR-2B is the tool that
The Delhi High Court has set aside the order issued by the Appellate Authority, which rejected the petitioner’s refund claim. The court found that the
For any registration, be it Professional Tax or MSME, Income Tax, PF, etc., the place of business, i.e., the premises from where the business is
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
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,
How do I calculate the GST Registration threshold? The Goods and Services Tax (GST) threshold limit sets the minimum annual turnover that necessitates businesses, whether
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
In the initial days of the rollout of GST, the GST Registration process was simple, and the taxpayers were getting their GST Registrations without any
A “non-resident taxable person” refers to an individual who occasionally conducts transactions involving the sale of goods or provision of services, either as an agent
In India, GST is applicable on the supply of goods or services for all businesses or charitable trusts or NGOs or religious establishments unless notified
Goods and Service Tax is one of the major tax reforms implemented across the globe, and the implementation of GST is no less than a
GST is an indirect tax, and registration is required to be taken by a business when crosses the threshold. The common question that anyone has
The Goods and Services Tax (GST) threshold limit is the minimum annual turnover above which businesses must register for GST in India. It is essential
GST Registration is mandatory for some businesses and voluntary for others based on the threshold. There are different types of GST registrations based on the
Any business entity that registers under the GST Law must obtain a unique identification number based on its PAN from the CGST/SGST Department in order
Goods and Services Tax (GST) registration plays a significant role in income tax compliance. GST Registration is mandatory for businesses in India with an annual
Any person who is selling goods or providing services has to collect GST from their customers if their revenue crosses the specified threshold. Once they
Goods and Service Tax has been rolled out in India from 1st July 2017, and now it is about 28 months, and during this period,
These FAQs cover a broad range of information about E-invoice to educate, inform and guide you to reach your intended destination faster. Logo Vyapari has
Goods and Service Tax has been rolled out in July 2017, and trade & industry are yet to settle down due to the new legislation
The country is under Lockdown form 25th of March 2020 and till the first Unlock the department is working at the backend continuously so that
Many provisions of the CGST Act has been amended in the Finance Bill 2020 and some of the same have been notified and the effective
Demystifying Interest Liability in GST Every taxpayer who collects taxes from customers on the outward supply of goods or services is required to remit the
India has implemented a uniform tax across India for the sale of goods & services, which was previously ruled by a plethora of taxes. Many
Impact of GST on transactions during covid The world has faced many pandemics in the past and this is the first pandemic we are seeing
Tax implication of Online Information Data Base Access and Retrieval (OIDAR) Services in GST OIDAR refers to Online Information Data Base Access and Retrieval Services
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Everything you need to know about GSTR – 4 To minimize the burden on composition taxpayers, the Government has done away with quarterly filing of
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