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GST

Input Tax Credit (ITC): The Backbone of GST

When we buy goods and services, we pay tax on them. Imagine yourself to be a businessman. You pay tax on the goods you purchased. When you resell them, you will also collect tax for depositing them to the government. And this cycle goes on and on. What do you think will happen to the […]

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GST

GST Audit – A quick guide for Goods and Service Tax Audit 2021.

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.  But do you know what is GST Audit, GST Audit Limit, GST Audit Applicability?  Well, if you’re in confusion, You have come to the right […]

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GST

GST Portal Login – a complete guide.

Table of Contents What is the Government’s GST portal? What is the GST E-method Bill System? How to Register for GST? GST portal login procedure for first-time user GST portal login procedure for existing user What is the Government’s GST portal? One of the options that produce the Goods and Service Tax regime a real […]

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GST

How to Calculate GST? GST (Goods and Service Tax) Guide 101?

Table of Contents How to calculate GST? Types of GST collections How to Calculate GST on goods and services? Frequently Asked Questions 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 significant indirect tax reforms enacted in […]

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GST

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.

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GST

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 essential to classify the place of supply to allocate the GST appropriately. To do the same, every state and UT is allotted a unique GST […]

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GST

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, CGST, and IGST as charged during the prior year. In this blog, we summarise all of the information, laws, and regulations for filing GSTR 9 […]

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GST

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 a GST Registration certificate for various purposes – doing partnership with other business, opening a bank account, GST audit, etc. GST certificate is also called […]

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GST

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

Table of Contents What is the Input Tax Credit (ITC)? How to avail Input Tax Credit (ITC) if your Supplier has not uploaded Invoices? After implementation of Tax Rule what changes will take place? What is the Eligible ITC? What is the Input Tax Credit (ITC)? The Input Tax Credit (ITC) is the tax paid […]

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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 […]