How to avail Input Tax Credit (ITC) if Supplier has not uploaded Invoices?

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 off against the…

Read more »

GST: What is the meaning of GST, all you need to know.

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 »

How to download GST Certificate?

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. Steps to download…

Read more »

GST State Code list – meaning and use, all you need to know.

What is a GST State Code Under Goods and Service Tax? As per the GSTIN format, the first two digits represent the GST State Code, where the business entity is…

Read more »

Want to know, how to calculate GST? Follow these 5 steps guide.

To calculate GST, the following aspects in a transaction must be considered in a logical step by step manner. Step-by-step guide to calculate GST Step 1: Find the GST Rate…

Read more »

10 ways for freelancer to improve cash flow & achieve financial success.

Money is an important part of doing any business and the reason we all work for, but money is also where many freelancer run into trouble. Here are top 10…

Read more »

MSME definition, role and importance – all you need to know?

What is MSME? MSME stands for Micro, Small and Medium Enterprises. MSMEs are primarily engaged in producing, processing, or preserving products and materials. In India, MSMEs contribute nearly 8% of…

Read more »

Budget 2021: Top 10 important highlights for SME and Startup.

Budget 2021 is the first paperless budget by the Finance Ministry. There have been many initiatives taken to strengthen SME and Startup sector. Here’s Key highlights for SME and Startup,…

Read more »

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…

Read more »

Want to know how to use GST login portal? Here is a step-by-step guide.

What is the Government’s GST login portal? One of the options that produce the Goods and Service Tax regime a real winner is that currently, tax management comes with technological…

Read more »