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
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
In the dynamic landscape of Indian business, staying on top of the latest technologies and regulations is crucial for entrepreneurs and business owners. One such
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
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
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
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
The taxpayers registered under GST can now file GSTR – 3B Nil Returns though SMS. This will reduce the load on the GSTN portal and
The adoption of technology is the key to the survival of MSMEs, and technology can be adopted in multiple areas. Read the full article. MSMEs
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
A Quick glance of GST 2019 GST has been rolled out about 30 months back, and it is dubbed to a major tax reform postindependence,
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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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