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 […]
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 in the value of invoices. You can’t edit the invoices, can you? That is where a debit note and credit note comes to the rescue. […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 […]