GST
GST: Everything You Need to Know
In the ever-evolving world of finance and taxation, you need to keep an eye on the latest updates. In 2023, the Goods and Service Tax
October 23, 2023
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GST
All you need to know about the threshold limit for GST registration
Any kind of tax is not applicable to all people, irrespective of their income or turnover. It is very important to keep a class of
October 23, 2023
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GST
Understanding GST Letter of Undertaking: Process, Benefits, and Compliance
India is the fastest-growing economy in the world today and is poised to become the third-largest economy by 2027, according to economists. Exports are one
October 20, 2023
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GST
Demystifying GST Registration Limit, Types, and Compliance
The goods and services tax (GST) revolutionized the indirect tax system in India. It subsumed multiple indirect state and central taxes and brought uniformity and
October 20, 2023
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GST
Accounting Entries – Purchase Entries with GST in the Accounting Journal
The Goods and Services Tax (GST) was implemented with the motto ‘one nation, one tax’. It replaced multiple state and central taxes, brought integrity and
October 20, 2023
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E-Invoicing
What is the Structure of GST in India?
The Goods and Service Tax introduced on July 1, 2017 in India has been instrumental in great economic progress, with a major transformation in the indirect
October 19, 2023
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E-Invoicing
How E-Invoicing is Shaping the Future of Tax Compliance in India
The digitization wave is reshaping landscapes across sectors, promising enhancements in efficiency and efficacy. Tax Practitioners are experiencing a revolutionary change with the arrival of
October 18, 2023
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GST
Reverse Charge Mechanism (RCM) in GST
As a general rule, the supplier of goods or services is liable to pay GST. However, in certain cases, GST is payable by the recipient
October 18, 2023
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E-Invoicing
Smart Tax Management: Calculate GST Online and Save Your Time
In the world of business, time is money, and efficient tax management can make a huge difference. One valuable tool that can simplify your tax-related
October 17, 2023
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GST
How To Deal With Wrong GST Paid By Mistake
GST represents a novel taxation system with innovative concepts such as determining the ‘place of supply’ and new tax structures. It is a consumption-based tax
October 17, 2023
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GST
What Are the Reasons for Suspension of GST Registration and How to Resolve it
GST regulations provide a strong framework for еnsuring compliancе. Thеsе rеgulations arе pеriodically modifiеd to strеamlinе thе GST systеm and еnsurе fairnеss for all. If
October 17, 2023
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GST
How To do GST Registration Online
GST brought about an epic transformation of the indirect tax system in India, creating a unified, transparent. The efficient tax regime benefiting businesses and uplifting
October 17, 2023
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E-way Bill
Understanding the E-Way Bill System in GST: Compliance and Consequences
The e-way bill system was introduced in GST by the Government to check tax evasion. In this system, the supplier or transporter has to register
October 16, 2023
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GST
Best Practices for GSTR-5 Compliance
The Goods and Services Tax (GST) was introduced in India to make compliance easy and to avoid the cascading effect of taxes on the consumer.
October 16, 2023
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GST
Special Considerations for OIDAR (Online Information and Database Access or Retrieval) Services in GSTR-5
The advancement in technology has made it possible for businesses to deliver services from abroad in India through the use of internet. Online Information Database
October 16, 2023
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GST
Late Fees and Penalties for Non-Compliance in GSTR-5
The Goods and Services Tax Act aimed to ease the burden of taxes by integrating multiple taxes into one comprehensive tax and ease compliance. In
October 16, 2023
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GST
GST Implications on Labour Charges | Labour (Contractors) Charges HSN Code
GST applies to every supply of goods or services unless a specific exemption is provided by GST law. “Labour Services” is a very usual nature
October 13, 2023
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GST
Input Tax Credit (ITC) Provisions in GSTR-5
The introduction of GST transformed the indirect tax system in India by integrating multiple complex taxes into a single, unified unit, making compliance and auditing
October 13, 2023
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GST
Amendments and Revisions in GSTR-5
The fast growth of the Indian economy and the various measures taken by the government to encourage non-residents to engage in trade and business in
October 11, 2023
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GST
Calculation of Tax Liability in GSTR-5
A comprehensive indirect tax system was created after the implementation of GST in India, bringing coordination and efficiency to the tax system in the country.
October 11, 2023
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GST
Requirements and Eligibility for GSTR-5 Registration
The fast pace of growth of the Indian economy, overtaking United Kingdom to become the fifth largest economy as per IMF projections has attracted lot
October 8, 2023
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GST
Amendments and Revisions in GSTR-4
GSTR 4 is an annual summary return that has to be filed by composition taxpayers, it consists of details of outward, inward supplies, import of
October 7, 2023
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GST
Simplified Procedure For GSTR 4 Composition Return Filing
The Goods and Services Tax has transformed the indirect tax system in the country by combining various taxes into one tax. In this tax regime,
October 6, 2023
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GST
Amendments and Revisions in GSTR-7
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
September 28, 2023
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Due Date and Filing
Filing Frequency and Due Date for GSTR-5
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
September 24, 2023
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GST
Books, Printed Book HSN Code and 4901 HSN Code GST Rate
“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 and
September 21, 2023
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Due Date and Filing
GSTR-6 Due Date: Everything You Need to Know
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
September 21, 2023
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GST
GSTR-6 Applicability: Who Needs to File and When?
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
September 21, 2023
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GST
GSTR-5 Format and Details: What You Need to Know
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
September 21, 2023
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Due Date and Filing
GSTR-4 Due Date and Filing: A Complete Guide
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
September 21, 2023
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Bills
CaptainBiz Tutorial on Making GST Bills Online
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September 20, 2023
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GST
GSTR-5: Everything You Need to Know
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
September 7, 2023
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GST
8-Digit HSN Code – It’s Full Form in GST, Turnover Limit and Everything You Need to Know
Understanding HSN Code, It’s Full Form? HSN stands for “Harmonized System of Nomenclature”. The HSN code is a numerical classification system used to categorize goods
September 7, 2023
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GST Update
How to Add HSN code in GST Portal?
What is HSN Code If you are a business owner in India, you are likely familiar with the Goods and Services Tax (GST). The GST
September 4, 2023
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GST
Challenges in GSTR-4 filing for Composition Taxpayers
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
September 4, 2023
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GST
GSTR 4 Late Fee: How Much Do You Pay and What Are the Consequences?
Introduction The composition scheme was introduced to bring simplicity and reduce the burden and compliance cost for small businesses. Registering for this scheme is optional
September 4, 2023
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GST
Input Tax Credit (ITC) Provisions in GSTR-4
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
August 31, 2023
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GST
Labour Charges HSN Code with GST Rate
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
August 30, 2023
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GST
How to Calculate Tax Liability in GSTR-4 for Composition Taxpayers
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
August 30, 2023
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GST
GSTR-4 Format: A Comprehensive Guide on GSTR 4 Details
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
August 30, 2023
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GST
How to Check GST Registration Status ?
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
August 28, 2023
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GST
GSTR 1 Details: Everything You Need to Know
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
August 26, 2023
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GST
Different Status of GST Registration
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
August 26, 2023
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GST
A Comprehensive Guide: How to File GSTR-3B with Accuracy
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
August 25, 2023
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GST
Understanding Tax Liability Calculation in GSTR-3B
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
August 25, 2023
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GST
GSTR-3B Reconciliation with GSTR-1 and GSTR-2A: Avoiding Tax Mismatches and Penalties
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
August 25, 2023
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GST
What is GSTR-3B: Definition, Purpose, and Importance
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,
August 25, 2023
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GST
Penalties and Late Fees for GSTR-3B Filing
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
August 24, 2023
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GST
Understanding Utilization of Input Tax Credit (ITC) in GSTR-3B
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
August 24, 2023
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GST
Know Your GSTR-3B Due Dates and Filing Frequency for Smooth GST Compliance
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
August 24, 2023
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GST
GSTR- 2B: Everything You Need to Know
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 a remarkable
August 23, 2023
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GST
GSTR-2A and GSTR-2B: A Guide for Taxpayers
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
August 22, 2023
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GST
Composition Levy under GST: Everything You Need to Know
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
August 22, 2023
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GST
Benefits of GST Registration
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
August 21, 2023
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GST
What is GST Registration?
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
August 21, 2023
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GST
Mera Bill Mera Adhikar: How Consumers Can Be Rewarded for Uploading Their GST Invoices
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
August 21, 2023
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GST
A Guide to Dealing with Exempt and Non-GST Supplies in GSTR-3B
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,
August 9, 2023
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GST
Eligibility Criteria for Filing GSTR-4
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.
August 8, 2023
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GST
Common Errors and Mistakes in GSTR-3B Filing
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
August 2, 2023
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GST
GSTR-4 Meaning & Applicability
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
August 2, 2023
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GST
GSTR-2 Demystified: Understanding the Meaning and Process
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
July 18, 2023
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GST
Understanding GSTR-1 IFF: A Comprehensive Guide
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
July 18, 2023
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GST
Understanding GSTR-10: The Final Return after GST Registration Cancellation
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
July 18, 2023
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GST
Demystifying GSTR-2: Meaning, Components, and Filing Process
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
July 18, 2023
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GST
Unlocking the Potential of GSTR-2B Reconciliation
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
July 18, 2023
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GST
GST Refunds Cannot Be Rejected on Grounds Not Mentioned in the SCN
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
July 18, 2023
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GST
Understanding GST Threshold Limit: Calculating the Registration Requirement
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
July 10, 2023
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GST
GST Registration: Who Needs to Register for GST?
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
July 10, 2023
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GST
Aadhaar Authentication in GST Registration: Process and Requirements
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
June 20, 2023
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Miscellaneous
How To Make Your Business GST Compliant With CaptainBiz App
The latest code of centralized taxation, GST (Goods and Services Tax), has brought a sense of relief to the trader’s body in the country. Rather
February 21, 2023
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GST
Role of Technology in GST 2.0
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,
February 21, 2023
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E-Invoicing
E invoicing FAQs
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
February 21, 2023
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GST
All You Need to Know About Inspection Under GST: Provisions, Circumstances, and Recent Case Laws
Goods and Service Tax has been rolled out in July 2017, and trade & industry are yet to settle down due to the new legislation
February 21, 2023
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GST
Recent Amendments in GST | Important Updates and Implications
Introduction The country is under Lockdown form 25th of March 2020 and till the first Unlock the department is working at the backend continuously so
February 21, 2023
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GST
GST Notifications & Instructions: Summary and Key Updates of June 2020
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
February 21, 2023
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Miscellaneous
Technology For MSMEs | Adopting Technology for Growth
The adoption of technology is the key to the survival of MSMEs, and technology can be adopted in multiple areas. MSMEs play a very vital
February 21, 2023
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GST
Demystifying Interest Liability in GST: A Comprehensive Guide to Understanding Provisions and Impact
Every taxpayer who collects taxes from customers on the outward supply of goods or services is required to remit the amount collected to the department
February 21, 2023
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GST
Journey of GST in India: A Look Back at Three Years and the Road Ahead
India has implemented a uniform tax across India for the sale of goods & services, which was previously ruled by a plethora of taxes. Many
February 21, 2023
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GST
GST Impact on Transactions during Covid
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
February 21, 2023
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GST
OIDAR Services under GST: Understanding Tax Implication and Compliance Guidelines
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
February 21, 2023
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GST Update
Demystifying Circular No. 129 of GST
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,
February 15, 2023
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GST
GST on Free Samples: Understanding the Treatment of Discounts, Offers, and Free Samples in GST
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February 14, 2023
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GST
Everything You Need to Know About Form GSTR-4: Filing, Due Dates, and More
Everything you need to know about GSTR – 4 To minimize the burden on composition taxpayers, the Government has done away with quarterly filing of
January 30, 2023
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