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Goods and Service Tax

Things you Must Know About Intrastate And Interstate Supply Under GST

dateMay 21, 2021
timeReading Time: 4 Minutes

GST implementation has revolutionized the Indian taxation infrastructure by subsuming various taxes under one hood....

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Goods and Service Tax

GST Nil Return: Things you Must Know

dateMay 14, 2021
timeReading Time: 4 Minutes

Every taxpayer under Goods and Services Tax is bound to file a return for every tax period. It may be possible that...

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Goods and Service Tax

Goods Sent on Approval Basis before Transition to GST

dateApr 30, 2021
timeReading Time: 4 Minutes

It is a common business process to send goods on approval basis. Hence, many times these goods are returned by the...

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Goods and Service Tax

Valuation Rule for Supply under Goods and Services Tax

dateApr 29, 2021
timeReading Time: 4 Minutes

Every taxable person is responsible to pay tax on ad-valorem basis meaning “according to the value” the person...

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Music License
Goods and Service Tax

Valuation of Supply under GST: Explained

dateApr 28, 2021
timeReading Time: 4 Minutes

Goods and service tax or GST integrates all taxes under one hood. It was introduced to ensure a “One Nation One T...

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Goods and Service Tax

What are the Things you Should Know about GST Business Loan?

dateApr 19, 2021
timeReading Time: 4 Minutes

The implementation of GST was one of the most prevalent changes that India's taxation system has undergone in past...

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Goods and Service Tax

How to Register Digital Signature Certificate on the GST Common Portal?

dateFeb 21, 2021
timeReading Time: 4 Minutes

Are you having trouble registering Digital Signature Certificate (DSC) on the GST common portal? Don't worry; this...

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Goods and Service Tax

GST Returns Reflecting in your Income Tax Passbook (Form 26AS)

dateFeb 19, 2021
timeReading Time: 4 Minutes

As a business proprietor and a taxpayer, the tax payer has to declare in their GST returns in his income tax passbo...

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Goods and Service Tax

Understanding on Input Tax Credit Mechanism under GST Administration

dateFeb 18, 2021
timeReading Time: 4 Minutes

Input tax credit is the tax paid on purchase of goods and services by the buyer at the time of paying taxes on outp...

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Goods and Service Tax

Is Dropshipping Business Taxable under the GST Regime?

dateFeb 15, 2021
timeReading Time: 4 Minutes

Dropshipping is an e-Commerce business in which the seller does not hold any inventory. Whenever the customer place...

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Goods and Service Tax

General Idea on GST Input Tax Credit Transition Provision on Stock in India

dateFeb 13, 2021
timeReading Time: 3 Minutes

Within GST input tax credit, duties and taxes are available to taxpayers on the basis of stock and input with...

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Goods and Service Tax

Automobile Sector in 2021: Will it Continue to Struggle or get some Relief from the Government?

dateFeb 13, 2021
timeReading Time: 4 Minutes

Recession and severe dip in growth is not new to the automobile sector. Even before the pandemic outbreak, this sec...

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Goods and Service Tax

An Overview on Format of TRAN 1 Form & TRAN 2 Form

dateFeb 10, 2021
timeReading Time: 4 Minutes

A major concern for enterprises incorporated under the regime of GST is to ensure that they are not lost on the tax...

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Goods and Service Tax

Understanding on Place of Supply of Imports of Goods or Services under the Regime of GST

dateFeb 09, 2021
timeReading Time: 3 Minutes

According to the GST Act 2017, all supplies of goods/services imported into India will be treated as an inter-state...

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