Input Tax Credit (ITC): The Backbone of GST
When we buy goods and services, we pay taxes on them. Imagine yourself to be a businessman. You pay tax on the goods you purchased. When you resell them, you…
Read more »Debit Note and Credit Note: Adjust Your Sales Easily
When we purchase goods, we must collect an invoice. After all, what will you do if you need proof of purchase? There may be situations that may lead to change…
Read more »GST Audit – A quick guide for Goods and Service Tax Audit 2023.
We all know that businesses will need to do a GST audit with a turnover of more than Rs 2 crores from selling products or services during the financial year. …
Read more »GST Portal Login – a complete guide.
Table of Contents What is the Government’s GST portal? One of the options that produce the Goods and Service Tax regime a real winner is that currently, tax management comes…
Read more »How to Calculate GST? GST (Goods and Service Tax) Guide 101?
Table of Contents How to calculate GST? Implemented in 2017 with an aim to simplify the burdened taxation system of India, Goods and Services Tax is one of the most…
Read more »GST – Meaning, Advantage, and Component of Goods and Service Tax.
The full form of GST is “Goods and Services Tax”. The journey of GST in India began in 2000 when the govt. set up a panel for drafting the law. It took 17 years for the law to evolve, and was finally implemented on 1st July 2017.
Read more »GST State Code List – Everything You Need to Know
As you may know, GST is a tax shared by the state and the central government. And the advanced technology and infrastructure have facilitated inter-state transactions significantly. So, it is…
Read more »GST Annual Return: A Complete Guide to GST Compliance.
What is GST annual return? The GSTR 9 is a GST annual return form that must be filed once a year by business taxpayers with all combined information of SGST,…
Read more »Download GST Registration Certificate from GST Portal – a complete guide.
Introduction Taxpayer, who has registered for GST, can download GST Registration Certificate from GST Portal. The government does not issue any physical copy of the GST Registration certificate. We need…
Read more »How to avail Input Tax Credit (ITC) if Supplier has not uploaded Invoices?
Table of Contents What is the Input Tax Credit (ITC)? The Input Tax Credit (ITC) is the tax paid on the purchase of goods or services, which can be set…
Read more »