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
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
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
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
GST TRAN 1 Do’s and Don’ts, Troubleshooting GST TRAN 1 issues
GST TRAN 1 Do’s and Don’ts, Troubleshooting GST TRAN 1 issues. Every registered person who is eligible to take credit of eligible duties and taxes paid
GST Composition Scheme for Restaurants: Conditions, Turnover
GST Composition Scheme for Restaurants: The Government has introduced a composition levy under GST Law to simplify the taxing mechanism for small taxpayers to keep up
GST Gains and Pains on Rates, Registration, Compliance, TRAN
GST Gains and Pains on Rates, Registration, Compliance, TRAN. However, indirect taxation in India has witnessed a paradigm shift on July 01, 2017 with usherance into
Employee Employer Transactions under GST – Recent Advance Ruling
Employee Employer Transactions under GST – Recent Advance Ruling. “Employees who believe that management is concerned about them as a whole person – not just an
Practical Implications of Works Contract Under GST with Examples
Practical Implications of Works Contract: GST rollout w.e.f 01st July 2017 was a planned event for ministry and department, but all most all business entity
Impact of advance ruling on export of services, Impact on IT Industries
Impact of advance ruling on export of services: Recently Maharashtra Authority for Advance Ruling holds that back office support services is in nature of intermediary services.
Seven Key issues in GST (Goods and Services Tax) – Detailed Analysis
Seven Key issues in GST: Even after almost four month of the launch of GST in India, people and businesses are still struggling to accept
Clarification on various doubts related to treatment of sales promotion schemes (Pharmaceuticals, FMCG Industry etc..) under GST
Clarification on various doubts related to treatment of sales promotion schemes (Pharmaceuticals, FMCG Industry etc..) under GST. It has been noticed that there are several
Surrendering Trade Name – Key to Concession under GST?
Surrendering Trade Name – Key to Concession under GST?: The famous Shakespeare quote, “What’s in a name?” has lost its’ relevance in the present day
Clarification regarding applicability of GST on additional / penal interest
Various representations have been received from the trade and industry regarding applicability of GST on delayed payment charges in case of late payment of Equated
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