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Goods and Service Tax

GST Nil Return: Things you Must Know

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May 14, 2021

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

Goods and Service Tax

Goods Sent on Approval Basis before Transition to GST

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Apr 30, 2021

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

Goods and Service Tax

Valuation Rule for Supply under Goods and Services Tax

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Apr 29, 2021

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

Goods and Service Tax

Valuation of Supply under GST: Explained

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Apr 28, 2021

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

Goods and Service Tax

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

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Apr 19, 2021

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

Goods and Service Tax

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

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Feb 21, 2021

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

Goods and Service Tax

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

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Feb 19, 2021

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

Goods and Service Tax

Understanding on Input Tax Credit Mechanism under GST Administration

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Feb 18, 2021

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

Goods and Service Tax

Is Dropshipping Business Taxable under the GST Regime?

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Feb 15, 2021

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

Goods and Service Tax

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

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Feb 13, 2021

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Reading Time: 3 Minutes

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

Goods and Service Tax

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

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Feb 13, 2021

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Reading 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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Feb 10, 2021

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Reading 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...

Goods and Service Tax

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

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Feb 09, 2021

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Reading Time: 3 Minutes

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

Goods and Service Tax

An Outlook on Effect of VAT Return after GST Implementation

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Feb 09, 2021

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Four years of GST implementation are to be completed. Initially, it was expected that the industry would have an es...

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