GST
How to Deduct TDS on GST Bill?
For Indian taxpayers, the process of Tax Deducted at Source on a GST Bill is a crucial step. Understanding the steps and following the guidelines
September 18, 2024
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Accounting
Proforma Invoice And Account Sales
Proper paperwork is essential for keeping things clear and ensuring business runs smoothly. The Proforma invoice and account sales are two important papers that often
September 16, 2024
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Benefits of GST
Top Advantages And Disadvantages Of GST
Among the most critical changes to Indian taxes is the Goods and Services Tax. The GST structure has replaced multiple secondary levies with a single
September 16, 2024
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54th GST Council Meeting
54th GST Council Meeting Highlights: Updates, and Outcome
The 54th GST Council took place on September 9, 2024, in New Delhi. The Union Finance and Corporate Affairs Minister presided over the meeting, which
September 10, 2024
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కొత్త పన్ను విధానంలో బ్యాంక్ వడ్డీకి మినహాయింపు ఉందా?
పరిచయం పొదుపు ఖాతా అనేది మనలో చాలామంది వినే సాధారణ పదం. ఇది మీ పొదుపు ఖాతా. పొదుపు ఖాతా అంటే వారి డబ్బు సురక్షితంగా ఉండేలా, వారు దానిపై ఒక చిన్న వడ్డీ
September 7, 2024
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GST
புதிய வரி விதிப்பில் வங்கி வட்டிக்கு விலக்கு அளிக்கப்பட்டுள்ளதா?
அறிமுகம் சேமிப்பு கணக்கு என்பது நம்மில் பலரும் கேள்விப்பட்டிருப்போம். இது உங்கள் சேமிப்பு வங்கி கணக்கு. சேமிப்பு கணக்கு என்பது பணம் பாதுகாப்பாக இருப்பதை உறுதி செய்ய விரும்பும் தனிநபர்களுக்கு, அதன் மீது குறைந்த
September 7, 2024
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54th GST Council Meeting
54th GST Council Meeting 2024 Highlights: Expectations, Agenda, Latest News, and Live Updates
Introduction The 54th GST Council Meeting is scheduled for September 9, 2024, in New Delhi. Following a record GST revenue collection of ₹1.82 lakh crore
September 6, 2024
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GST
Why GST Is Important In India?
Starting on July 1, 2017, the Goods and Services Tax has been among the most important tax revisions India has undergone. It took the place
August 28, 2024
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GST
GST Exempted Medicine List
In India, the Goods and Services Tax (GST) has introduced a range of tax rates for pharmaceutical products. However, not all medicines are subject to
August 28, 2024
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GST
GST on Medical Equipment – GST rate and HSN Code
Medical equipment is essential in the healthcare industry for accurate diagnoses and effective treatments. As India’s Goods and Services Tax (GST) regime evolves, understanding the
August 27, 2024
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GST
How Is GST Different From The Old Tax System We Had Before?
India’s tax structure underwent a major overhaul when the Goods and Services Tax (GST) arrived. Many confusing secondary taxes were imposed on the nation before
August 16, 2024
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Benefits of GST Registration
A Simple Guide To Making A Board Resolution For GST Registration
For many companies, the GST filing process can be complex to understand. Writing a board motion is an integral part of this process. This document
August 16, 2024
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Benefits of GST Registration
A Simple Guide To Making A Board Resolution For GST Registration
For many companies, the GST filing process can be complex to understand. Writing a board motion is an integral part of this process. This document
August 16, 2024
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GST
Understanding GST Revocation Request Letter Format
Businesses throughout India find paying taxes simpler because of India’s Goods and Services Tax structure. Sometimes, nonetheless, a company has to revoke its GST registration.
August 3, 2024
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GST
Making Sense Of Smart GST: Simplifying Tax Management
Every corporation in the hectic corporate environment depends on following tax laws. India’s tax structure underwent a significant transformation when the GST arrived. The word
August 3, 2024
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GST
GST Registration Cancellation Letter Format
Companies that stop operating alter their company structure, or fail to satisfy GST registration criteria should promptly revoke their registration. To ensure a seamless and
August 2, 2024
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GST
Smooth Transition: NOC Format For GST Registration
You must strictly prepare ahead of time and follow various guidelines to change the Goods and Services Tax system. Among these critical documents is the
August 2, 2024
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GST
Smooth Transition: NOC Format For GST Registration
You must strictly prepare ahead of time and follow various guidelines to change the Goods and Services Tax system. Among these critical documents is the
August 1, 2024
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GST
Which Forms Do I Need To Fill Out For GST Return?
Which Forms Do I Need To Fill Out For GST Return? India’s GST system forces companies to disclose various things depending on their activities and
August 1, 2024
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GST
Decoding GST On Stamp Duty: A Step-By-Step Guide
Finding all the applicable taxes and fees can be difficult, particularly in house purchases or sales. Anyone wishing to purchase a property must know about
August 1, 2024
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GST
How To Easily Avoid GST Penalties?
Many companies find it hard to figure out how to use GST correctly. There are so many rules and laws that breaking them without meaning
July 25, 2024
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Billing Software
Exploring Different Types of Invoices in GST Billing Software
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
July 25, 2024
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GST
GST on Flat Maintenance Charges: What You Need to Know
In the current period, taxes are a significant factor in the economy, and many nations, like India, have adopted the Goods and Services Tax (GST)
July 23, 2024
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Billing Software
How to Use GST Billing Software for Export Transactions
The GST billing software application is a tool that helps businesses generate a bill and follow up on the accounting process. GST billing software shows
July 21, 2024
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GST Audit
How to Prepare for a GST Audit with Billing Software
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
July 19, 2024
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GST
The Impact of GST on Small Business and How to Adapt
Before 2017, India and its citizens were governed under the multiple indirect tax system. This system paved deep paths towards tax evasion and avoidance. On
July 19, 2024
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GST
The Future of GST Compliance: Predictions and Trends
The Goods and Services Tax was imposed on July 1, 2017, in India to bring significant changes in the country’s indirect tax system. The main
July 17, 2024
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Billing Software
Advanced Features to Look for in GST Billing Software
The Indian financial scene is now quite different due to implementation of the Goods and Services Tax (GST). All kinds of companies struggle these days
July 17, 2024
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CaptainBiz
Your Roadmap to Success: Selecting the Perfect GST Software Plan
Hello, fellow business explorer. If you’re looking for a GST software that will help you handle your finances more efficiently or more smoothly, you are
July 15, 2024
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GST
How to Manage Multiple GST Profiles with a Single Software
Any business owner that trades in goods and services within the territories of India has to obtain a GST Registration, if they fulfill the eligibility
July 14, 2024
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GST Tax Invoice
करचलन जारी करण्याची प्रक्रिया काय असते?
ओळख चलन म्हणजे व्यावसायिक साधन आहे जे विक्रेता खरेदीदाराला पाठवतो. यात व्यापारी पक्ष, माल, वस्तू, मूल्य, पाठवण्याची तारीख, वाहतूक साधन, सवलत आणि इतर देयरक्कम तसेच
July 14, 2024
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GST
How GST Billing Software Can Help You Save on Taxes
Introduction to GST and its Implications for Businesses As its name suggests, the Goods and Services Tax in India is an indirect tax system levied
July 12, 2024
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GST Calculation
Tips for Effective Financial Reporting Using GST Software
In today’s business environment, where accountability and enforcement are serious issues, accurate financial reporting is a critical pillar for informed decisions and regulatory compliance. The
July 12, 2024
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GST
Introduction of Form GSTR-1A under GST-A Relief to Businesses
After the implementation of GST, the government has taken many measures to make the tax filing process simple and efficient. The GST Council, in its
July 5, 2024
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GST
GST Rate & HSN Code for Vegetable products – Chapter 6
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 5, 2024
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GST
GST Rates & HSN Codes on Non – Edible Animal Products – Chapter 5
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 5, 2024
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CaptainBiz
GST Rates & HSN Codes on Edible Animal Products – Chapter 4
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 5, 2024
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GST
GST Rates & HSN Codes on Aquatic Animals- Chapter 3
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 4, 2024
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GST
GST Rate & HSN Code for Meat and Edible Meat Offal – Chapter 2
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 4, 2024
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Accounting
GST Rate & HSN Code for Live Animals; Animal products – Chapter 1
The HSN code is a global system for classifying products. It uses numbers and names to categorize goods. These codes help with taxes, customs, and
July 4, 2024
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Business
GST Council Waives Interest and Penalties on Retrospective Notices For 2017–2020
The Goods and Services Tax (GST) Council has resolved to waive interest and penalties on retrospective notices for the period between 2017 and 2020, which
June 24, 2024
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Business
FM Sitharaman announces pan-India roll out of biometric authentication to curb fake invoicing
Introduction – The 53rd GST council meeting and the very first after the election held on 22nd June (Saturday) introduced many things for easing compliance
June 24, 2024
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Budget
53rd GST Council Meeting Scheduled for June 22 May Address Amnesty Scheme, Exemptions for Shipping, Airlines, and Budget 2024-25
As the new government is taking charge, the 53rd GST Council Meeting has already been scheduled for June 22, 2024, in New Delhi. The meeting
June 23, 2024
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GST tax Rates
Benefit under West Bengal State Support for Industries Scheme, 2008 Duly Admissible Post GST: Calcutta HC
The West Bengal State Support for Industries Scheme in the year of 2008, was introduced to promote industrial growth. It offered several incentives and support
June 15, 2024
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GST Applicability
What Is Rule 143 of GST?
In the Indian taxation system, the Goods and Service Tax (GST) is one of the significant reforms. The primary purpose of GST is to make
June 15, 2024
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GST
ARI (Average Rate Index) Division Schemes for MSME
Introduction to ARI Division Schemes ARI Division or Agro & Rural Industry is a collection of initiatives launched by India’s Ministry of Micro, Small &
June 15, 2024
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GST
Madras HC Quashes GST Demand Order: Fresh Assessment Directed
Recently, in a significant decision, the Madras High Court quashed a Goods and Services Tax or GST demand order. They even directed a fresh assessment.
June 14, 2024
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GST
Things to Do Under GST For Year End and New Financial Year
When the end of the financial year approaches, businesses gear up to ensure compliance with the Goods and Services Tax (GST) regulations and to effectively
June 14, 2024
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Accounting
How GST Reduces Price?
The Goods and Services Tax (GST) was introduced in India to consolidate several state and national taxes, significantly changing the nation’s tax system. GST can potentially reduce
June 13, 2024
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GST
Development Commissioner (DC-MSME) Schemes
Introduction to DC-MSME Schemes In the globalised Indian economy, many small and medium scale businesses won’t be able to compete in the global market without
June 13, 2024
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GST
What is Error 1585 in GST Portal?
Introduction The Goods and Services Tax (GST) is a big tax that covers most goods and services sold in India. It started on July 1,
June 11, 2024
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GST
Unveiling the Path: Choosing the Best Course for a Career as a GST Officer
Introduction In today’s world of taxes, a GST Officer is really important. As businesses deal with the Goods and Services Tax (GST), you are well
June 11, 2024
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GST
Troubleshooting DSC Issues on GST Portal
Introduction: In the world of GST, Digital Signature Certificates (DSCs) are like electronic stamps that make sure all online transactions are secure. But sometimes, these
June 11, 2024
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GST EmSigner
Understanding the Causes and Solutions for GST EmSigner Errors
Introduction EmSigner- This tool helps sign important GST documents digitally, which means using electronic signatures instead of paper ones, this is called Digital signatures in
June 11, 2024
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GST
How to Remove DSC Error from GST: A Comprehensive Guide
Introduction A Digital Signature Certificate (DSC) is an electronic form of a signature. It’s used to sign documents online, ensuring that the document is authentic
June 10, 2024
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GST
How Do I Get a GST Practitioner Certificate?
Introduction If you want to help businesses with their taxes in India, you need a GST Practitioner Certificate. This certificate lets you help them follow
June 10, 2024
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GST
GST EmSigner: Understanding its Significance and Usage
Introduction Goods and Services Tax (GST) is a system for managing taxes in India. To make sure everything runs smoothly and securely, businesses need to
June 10, 2024
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GST
Everything About GST Registration of an LLP
Introduction There are several types of business structures, including sole proprietorship, partnership, limited liability partnership (LLP), and private limited company. Each structure offers different levels
June 9, 2024
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GST
Is CA a GST Practitioner?
Introduction Understanding the role of Chartered Accountants (CAs) in the realm of GST can be pivotal for businesses and individuals navigating the complexities of taxation.
June 9, 2024
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GST
GST Amendments for FY 2023-24: Crucial Corrections Before October 2024
Combined Sales Tax (CST) also known as Central Sales Tax plus State Value Added Tax or State Luxury Tax combined with Service Tax for services
June 5, 2024
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GST
GSTR-2B ಎಂದರೇನು? ಸುಲಭ ವ್ಯಾಪಾರ ಮತ್ತು ತೆರಿಗೆ ಪಾವತಿಗಾಗಿ ಸಂಪೂರ್ಣ ಅವಲೋಕನ
GSTR- 2B ಗೆ ಪರಿಚಯ GSTR 2B ಸ್ವಯಂ ಕರಡು ತೆರಿಗೆದಾರರ ಡೇಟಾ. ಒಬ್ಬರು QRMP (ತ್ರೈಮಾಸಿಕ ರಿಟರ್ನ್ ಫೈಲಿಂಗ್ ಮತ್ತು ತೆರಿಗೆಗಳ ಮಾಸಿಕ ಪಾವತಿ) ಯೋಜನೆಯನ್ನು ಆಯ್ಕೆ ಮಾಡಿಕೊಂಡಿದ್ದಾರೆಯೇ ಅಥವಾ ಇಲ್ಲವೇ ಎಂಬುದು
June 1, 2024
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GST
GSTR-3B ಕಾರ್ಯವಿಧಾನವನ್ನು ಸಲ್ಲಿಸುವ ಬಗ್ಗೆ ಸಂಪೂರ್ಣ ಮಾರ್ಗದರ್ಶಿ
ಪರಿಚಯ ನೀವು ಕೆಲವು ಸರಕುಗಳು ಅಥವಾ ಸೇವೆಗಳೊಂದಿಗೆ ವ್ಯವಹರಿಸುತ್ತಿರುವ ವ್ಯಾಪಾರದಲ್ಲಿದ್ದರೆ, ನೀವು GSTR-3B ಅನ್ನು ಸಲ್ಲಿಸುವ ಪ್ರಕ್ರಿಯೆಯನ್ನು ನೋಡುತ್ತೀರಿ. ಯಾವುದೇ ರೀತಿಯ ವಿಳಂಬ ಅಥವಾ ದಂಡವನ್ನು ತಪ್ಪಿಸಲು ನೀವು ತಿಳಿದಿರಲೇಬೇಕಾದ ನಿರ್ದಿಷ್ಟ ಫೈಲಿಂಗ್ GSTR
June 1, 2024
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Financial Planning
The Significant Impact of GST Software on the Financial Reporting
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
May 31, 2024
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GST
वस्तु और सेवा कर सर्विस सेंटर: व्यापारिक समस्याओं का एक ही समाधान
वस्तु और सेवा कर सर्विस सेंटर एक महत्वपूर्ण संस्था है जो व्यापारिक समस्याओं का समाधान करता है. यह सेंटर व्यापारिक व्यक्तियों को उनकी विभिन्न संगठनात्मक,
May 31, 2024
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GST
What is GST Return Filing
Introduction to GST Return Filing GST return filing is an essential part of taxation for businesses. It’s like a report card that companies submit to
May 30, 2024
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GST
What is GST Applicability?
Introduction GST Applicability means when and how a tax called Goods and Services Tax (GST) is used. It started on July 1, 2017, in India
May 30, 2024
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GST
The Future of GST Software: How It Could Bring Revolution In Finance?
Introduction The future of GST software is going to change finance a lot. As technology gets better, GST software will make managing taxes and money
May 30, 2024
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GST
How to Create a GST Ready Purchase Invoice
Introduction When it comes to business and taxes, making a GST Ready Purchase Invoice is really important. These invoices have all the info the tax
May 28, 2024
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GST
How Does Unique GST Software Fit the Unique Needs of Your Business?
Introduction: In today’s business landscape, managing taxes efficiently is crucial for success. That’s where GST software comes in. GST software helps businesses handle their Goods
May 28, 2024
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GST
वस्तु और सेवा कर इनपुट टैक्स क्रेडिट आपके व्यापार को बचाने का नया रास्ता
वस्तु और सेवा कर एक महत्वपूर्ण कर है जो भारत में वस्त्र, सेवाएँ और वस्तुओं पर लागू होता है। इस कर के तहत, व्यापारियों को
May 28, 2024
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GST
GST Registration for E-Commerce and Navigating TCS under GST
Introduction GST, or Goods and Services Tax, is a single tax on the supply of goods and services, aiming to streamline the taxation system by
May 27, 2024
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GST
इन्स्युरेंस पर वस्तु और सेवा कर:आपकी सुरक्षा का नया मंत्र
इन्स्युरेंस आपकी सुरक्षा का सही दोस्त है इसका मतलब है कि इन्स्युरेंस आपकी जरूरतों और सुरक्षा के लिए एक महत्वपूर्ण साथी है.आजकल की अनियांत्रित स्थितियों
May 27, 2024
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GST
Is GST Applicable on Sales of Live Plants and Trees in India?
Introduction Plants and trees play a crucial role in our ecosystem and daily lives. They’re traded commercially for various purposes such as landscaping, decoration, and
May 27, 2024
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GST
Guide to Handle GST ASMT-10 under GST
The entire industry is flooded with show cause notices (in form GST DRC-01). However, Apart from notices in Form GST DRC-01 (Show Cause Notice), one
May 26, 2024
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GST
Have You Received Employee Stock Option Plans (ESOPs)? Is it liable to GST?
Employee Stock option plans (ESOPs) is one of the most common and prevailing arrangements between employer and employee wherein shares of the company are offered
May 26, 2024
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GST compliance
Understanding GSTR-1 Filing & Statement of Outward Supplies (GSTR-1) in GST
Introduction GST compliance is crucial for registered taxpayers in India. The government has launched the GST portal to streamline taxation monitoring and created a unified
May 24, 2024
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GST
Understanding the Role of a Casual Taxable Person under GST
Introduction to GST GST, or Goods and Services Tax, is a unified tax on goods and services in India, introduced to simplify the tax
May 22, 2024
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GST
Is GSTR 1 for Sales?
Introduction All registered taxpayers under the GST regime must file their GST returns at the appropriate time. Failing to submit GSTR1 filing for sales can
May 22, 2024
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GST
Ensuring Tax Compliance: Mumbai ITAT’s Directive on Form 10 IC Verification in Disputed Tax Rate Cases
Introduction The Government of India has provided various incentives and tax rebates for companies to encourage investment and help in the economic growth of the
May 22, 2024
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GST
How to Seamlessly Transition from Your Current Software to CaptainBiz
Introduction In today’s rapidly evolving world, it is important to remain competitive. Owning and running a business is not an easy task, especially for an
May 22, 2024
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GST
Six Years of GST: Compensation Cess Still Needs to be Sorted Out
Introduction This, in other words, marked a turning point in the Indian indirect tax system with the coming of the Goods and Services Tax (GST)
May 20, 2024
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GST
Understanding GST Cess Refund Process and Cess Meaning
Introduction Goods and Services Tax (GST) is an Indian regime that has brought big changes to the erstwhile system of indirect taxes. One of the
May 20, 2024
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GST
Understanding the Four GST Types in India
Introduction to GST Goods and Services Tax (GST) was introduced in India on 1st July 2017, a significant change in the country’s tax system. It
May 20, 2024
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GST
Understanding Cess in GST with Examples
Introduction to GST Cess One major contributor to India’s indirect tax system’s simplification is the goods and services tax or GST. The GST was implemented
May 20, 2024
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TDS under GST
Who is Liable to Deduct TDS under Section 194J?
Introԁuсtion: Nаvigаting the сomрlexities of tаx regulаtions is раrаmount for businesses аnԁ рrofessionаls аlike to mаintаin сomрliаnсe аnԁ finаnсiаl stаbility. Among the vаrious рrovisions of
May 19, 2024
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Accounting
GST चालान की एडवांस पेमेंट के लिए मार्गदर्शिका
चालान अग्रिम भुगतान एक भुगतान संरचना है जिसमें ग्राहक सामान या सेवाओं की डिलीवरी से पहले उनके लिए भुगतान करता है। यह भुगतान का एक
May 18, 2024
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GST
GST के तहत एसईजेड के आपूर्ति नियम को समझें “शुरू से अंत तक”
विशेष आर्थिक क्षेत्र का संक्षिप्त अवलोकन विशेष आर्थिक क्षेत्र (SEZ) भौगोलिक दृष्टि से परिभाषित विशिष्ट आर्थिक नियमों और विनियमों वाले क्षेत्र हैं जो वाणिज्यिक गतिविधि
May 17, 2024
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GST
जीएसटीआर-9: वर्ष के दौरान भुगतान किए गए वास्तविक कर की घोषणा करना
जीएसटीआर-9 का अवलोकन भारत की वस्तु एवं सेवा कर (GST) व्यवस्था ने कर प्रक्रियाओं को व्यवस्थित करने वाली एक एकल प्रणाली शुरू की है, जिसने
May 17, 2024
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Bills
Demystifying “Bills Payable” in Balance Sheets
When you buy something on credit, the pending bill remains an outstanding liability for you. This is equally applicable in personal as well as business
May 17, 2024
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GST
Unlock the Mystery: What Deductions Are Not Allowed in the New Tax Regime?
Introԁuсtion Unԁerstаnԁing tаxes саn sometimes feel like trying to solve а triсky рuzzle, esрeсiаlly with new rules сoming into рlаy. Knowing whаt ԁeԁuсtions you саn
May 16, 2024
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Billing Software
How To Improve Your Inventory Management with Software
Today, we have software for everything. Want to book tickets for a movie? Download an app and boom, it’s done! Want to get married?
May 16, 2024
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Billing Software
Do You Add GST to a Purchase Order?
Introduction In India’s GST system, one document is the tax invoice. Acting as a crucial gateway for buyers to claim the Input Tax Credit (ITC),
May 16, 2024
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GST
ITC Reconciliation under GST| GSTR-2B Vs Table-8A of GSTR-9
GST Annual return is an annual return filed in form GSTR-9 wherein aggregate information for complete year is required to be furnished about Output Tax
May 15, 2024
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GST
Is Saving Bank Interest Exempted in the New Tax Regime?
Introduction Savings account is a common term that many of us would have heard of. It is a bank account that has your savings. The
May 14, 2024
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GST
Audit Notice under GST
Introduction GST, or Goods and Services Tax, is a tax system used in many countries to collect tax on goods and services. It’s like a
May 14, 2024
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GST
Is GST Applicable on Purchase Orders?
Introduction The GST, a destination-based, multi-stage tax, replaced earlier indirect taxes in India, aligning with the ‘One Nation One Tax’ initiative. It applies to goods
May 14, 2024
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Billing Software
Benefits of Automated GST Reporting in India
GST reporting automation is a game-changer in India’s tax administration landscape and has brought along a basket of benefits that makes business tax compliance easy.
May 13, 2024
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Billing Software
How CaptainBiz Simplifies Every Aspect of GST Compliance
In India, compliance to Goods and Services Tax (GST) is a vital part of contemporary business activities as it represents a major change in the
May 13, 2024
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GST
Top GST News for the Month
Introduction to Goods and Services Tax (GST) GST, or Goods and Services Tax, is a system for taxes. It’s a way the government collects money
May 10, 2024
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Billing Software
Unlocking GST Litigation Mastery: 5 Foolproof Strategies Unveiled
Introduction to GST Litigation Litigation is the process of one party bringing another to the court, by suing them, ie., taking a legal action. The
May 10, 2024
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