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GST

E-Invoice Under GST: Meaning, Process, Challenge, and Exemption Limit.

E-Invoice under GST The government of India implemented E-invoice under the GST system back in 2020, and most organizations supported the administration’s decision. Initially, the companies with an annual turnover of Rs 500+ crores were liable to generate e-invoices. However, with each notification, the turnover limit for e-invoice kept reducing. And the current turnover limit […]

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GST

Basic Concept of GST – all you need to know.

Table of Contents Introduction to GST Who does GST apply to? To whom doesn’t GST apply? What is the GST framework as per the new law? What are the GST Tax Rates in India? Introduction to GST GST stands for “Goods and Service Tax”. The Government of India introduced GST on 1st July 2017. The […]

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GST

GST Calculator: An Easy Way to Calculate GST

Calculating GST may be easy for the commerce guys. But others may find it confusing. If you are one of them, don’t worry. A GST Calculator is the solution to your problems. It makes accurate calculations. Still, if you don’t want to take the easy route, here’s a detailed explanation to calculate GST. Step-by-step guide […]

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GST

GST Exemption 2021: List, Limit, Types, & Eligibility; all you need to know

GST Exemption 2021 GST and other taxes are complex to understand for many people but knowing which items/services are exempted as per GST Exemption, is equally important. Moreover, the government has made utmost efforts to define the GST exemption list to make laymen understand clearly, but the categories are broad and somewhat confusing. Besides, there […]

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GST

GST Registration: Registration Process and Document Required.

Table of Contents What is GST Registration GST Registration Process Documents Required for GST Registration GST Registration Documents For Partnerships And LLP What is GST Registration In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs is required to register as a normal taxable person. This process of registration is called GST registration. However, […]

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GST

Important Tax Compliance Date For Startup And SME For FY-2021.

Tax Compliance Calendar for FY 2021 covering important due dates for Income Tax Filing, GST (GSTR1, GSTR3B. RET1), TDS Payments, Preparation, & Filing, ROC, and general accounting from Apr 01st 2019 to Mar 31st 2020 with a primary focus on Startup and SME. Table of Contents Important due dates for the GST Return in March […]

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GST

Union Budget 2021: What SMEs and Start-ups can expect?

The year 2020 was a global challenge to all due to COVID-19 pandemic. As per the National Statistical Office, India’s GDP contracted by a record 7.7% during FY-2020-21.  With the Union budget scheduled to be announced on the 1st of February, various sectors and start-ups, and SME’s are eagerly waiting for the annual budget. The […]