Basics of E-Way Bill 2021: Introduction, Generation and Need
Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as
CGST
New Buzz in the World of Compliances: Know Your Partner (KYC)
New Buzz in the World of Compliances: The world has seen a lot of changes through centuries and business also. Today, we have grown from
GST on Transfer of Business due to Death, Amalgamation, Merger, Reconstruction of Taxable Person
Introduction to transfer of business: Covid-19 has impacted businesses in many ways. Apart from disruptions due to closure of business offices, factories, markets, etc., the
Steps by Step Guide to Make GST Payment, Tax Payment in GST 2021
Steps by Step Guide to Make GST Payment: Tax Payment in GST Regime, Steps to Make GST Tax Payment at GST Portal i.e gst.gov.in. GST
What is GST Audit? – Why, When & Who Can conduct GST audit ?
What is GST Audit? Annual Audits: Mandatory for registered person whose aggregate turnover during a financial year exceeds 2 Crore. Audit by Tax Authorities: Commissioner or
GST on Warranty Supply – Valuation provisions under the GST Law
A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the
Search GST Number by company name, By GSTIN, By Pan Number
Search GST Number: Search your GSTIN of the Taxpayer number all over India, Just type your GST number below and check name and address of
Know GST Return Status 2021, how to Track Return Status online
Know GST Return Status, Guide for how to Track Return Status online. Checkout step by step guide for how to cheque GST Return Status via
Update DSC at GST Portal, Manual Guide and FAQs for DSC Update
Update DSC at GST Portal, Manual Guide and FAQs for DSC Update. Check out step by step guide for updating DSC at GST Portal with
ITC under GST, Input Tax Credit Mechanism under GST Regime 2021
ITC under GST: Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and
Introduction of Anti Profiteering Provisions & CAG Comment
Anti Profiteering Provisions: The concept of Anti Profiteering though being discussed off late but in substance was prevailing in India since bygone era. As the name
Practical Approach of GSTR 2: What?, Why?, Input Tax Credit Reversal
Practical Approach of GSTR 2: For filing GSTR 2, the given below question & answer will be useful. Similarly, for understanding GSTR-3B & GSTR-1. We
Special Audit in the area of excess credits, Areas of excessive transitional credit
Special Audit in the Area of Excess Credits – In order to check “frivolous and fraudulent” tax credit claims by businesses, the CBEC has decided to
GST on Govt Departments, Local Bodies, GST on Services to Govt
GST on Govt Departments, Local Bodies, with TDS, RCM Applicability, GST on Services to Govt and local Authorities..GST is destination based tax on consumption of goods
ITC Rules for Capital Goods under GST – How to Calculate ITC?
ITC Rules for Capital Goods under GST ruLE 43. Below are the high level rules for determination of Input Tax Credit (ITC) w.r.t. Capital Goods
Interest rates under GST Act, Interest Provisions in GST Regime
Interest rates under GST Act, Interest Provisions under GST Regime. It details interest rates applicable in GST under various scenarios. Every person liable to pay tax
Place of Supply Matrix of Goods and Services Under GST
Place of Supply Matrix of Goods and Services Under GST with Various Situations and Explanation. Check Complete Rules for Place of Supply under Goods and Services
Zero Rated Supplies in GST 2021 – is there a need for Relook?
Zero Rated Supplies in GST 2021: The concept of zero rated supply in the context of the Indian GST system revolves around supplies of goods
Rulings by AAR and AAAR under gst With Detailed Explanation
Rulings by AAR and AAAR: Greetings to all ! A legally constituted body called Authority for Advance Ruling (AAR) can give a binding ruling to
Differentiation of Supply of Goods or Service under GST Regime
Differentiation of Supply of Goods or Service under GST: Since GST has brought both Goods and Services under single tax bracket, it is necessary to
Accounting Ledgers in GST, Accounting Entries in GST 2021
Accounting Ledgers in GST, Accounting Entries in GST: About nine months back Goods and Service Tax is introduced in India from 1st July 2017 and for
What is a Bill of Supply? with example, Contents of Bill of Supply
Bill of Supply: A bill of supply referred to in clause (c) of sub-section (3) of section 31 shall be issued by the supplier containing
All About Accounts and Records Under GST (Detailed Information)
Accounts and Other Records: Assessment in GST is substantially focused around self-assessment. Every taxpayer thereby is expected to self-assess the liability, file the returns and pay
How to Change Mobile no and Email Address on GST portal @gst.gov.in
How to Change Mobile no and Email Address on GST portal. Guidelines For Changing Email and Mobile Number of Primary Authorized Signatories Mentioned At The
Margin scheme for buyer and seller of old second hand goods
Margin scheme for buyer and seller of old second hand goods: Law is made to solve various problems. GST too was rolled out to resolve various business & economic issues. GST is not only
Refund of taxes charged on supplies to SEZ – Statutory Provision
Refund of taxes charged on supplies to SEZ: Section 54 of the CGST Act, 2017 read with Rule 89 of the CGST Rules, 2017 lays down
Overview of the provisions of e-way bill, salient Features of E-Way Bill
Overview of the provisions of e-way bill: On introduction of GST w.e.f. 1-7-2017, many States have removed the physical barriers at State border for transport of
An Introduction for Classification of goods and services in GST
An Introduction for Classification of goods and services under GST Regime: The term “Classification” is defined as systematic arrangement in groups or categories according to
Home buyers – Split the contract and pay less GST? with Example
Home buyers – Split the contract and pay less GST?: The charging of tax on the provision of works contract service for construction of a
Registration of GST with practical issues – A detailed analysis
Registration of GST with practical issues: Every one know that GST registration is required the moment you cross threshold limit of Rs. 40 lacs and