The Goods and Services Tax (GST) is an indirect tax system that India adopted. It gets rid of many indirect taxes to make a single tax system for many industries. The new tax system merges various
GST Compliance Checklist for Businesses in India In today’s fast-paced business landscape, businesses in India must adhere to the Goods and Services Tax (GST) compliance requirements. GST has
Introduction: In recent years, the Impact of GST on Small Businesses worldwide. GST is a comprehensive indirect tax that replaced multiple taxes like excise duty, service tax, and value-added tax
With the rise of e-commerce in India, the implementation of GST has brought significant changes to how online sellers operate. GST compliance ensures that e-commerce sellers abide by tax regulations
Introduction of Impact of GST on Income Tax The implementation of the Goods and Services Tax (GST) in India brought about significant changes in the country’s tax structure. GST is a
Introduction : Under the Goods and Services Tax (GST) regime, businesses can claim an input tax credit under GST to offset the taxes paid on inputs against the taxes they are liable to pay on output
Introduction: GST reconciliation Reconciliation plays a vital role in maintaining accurate financial records and ensuring compliance with various tax regulations. Under the Goods and Services Tax
Types of GST credit: Eligible Non-eligible Blocked Introduction: Under the Goods and Services Tax (GST) in India, input tax credit (ITC) is an essential feature that allows businesses to claim credit
Due Dates Calendar for GST filing Date GST returns FILING 10/06/2023 GSTR-7 (for May 2023) 10/06/2023 GSTR-8 (for May 2023) 11/06/2023 GSTR 1 RETURN FILING(for May 2023) 13/06/2023 IFF
E-invoice under GST The introduction of the Goods and Services Tax (GST) in India revolutionized the country’s tax system, simplifying compliance and streamlining business processes. As part of
Introduction and Meaning The composition scheme is a simplified tax scheme available for small taxpayers under the Goods and Services Tax (GST)Â in India. It allows eligible taxpayers to pay tax at a
Introduction: The term GTA stands for Goods Transport Agency. This term has its importance under GST because of the unique taxability of these services. The legal position of a person who is
