As of my knowledge cutoff in September 2021, the Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. However, please note that tax regulations and policies are subject to change, so it’s always a good idea to consult the latest information or a tax […]
Category Archives: Goods and services Tax
Goods and services Tax
Goods and services Tax is applied by Indian government as one nation one tax
“GST” Was Apply by the Government to benefited to Business Man.
Before Implementation of GST Various Indirect taxes like service tax,Sales tax,and Excise duty was applicable in india .
In Above all indirect tax cenvat credits i.e. input tax credits on purchase/services received was adjusting with outward sales and outward services given .
For smooth running of this system the Indian Government also implemented this by discontinue of above mentioned tax,
In This Section we try to clarify regarding GST Refunds,GST Returns,GST Circulars,GST Notifications,GST Forms.
E-invoicing of GST (Goods and Services Tax) is a digital invoicing system introduced by the Government of India to streamline and automate the invoice generation and reporting process. It aims to enhance tax compliance, reduce tax evasion, and improve overall efficiency in the tax system. Here is a complete guide to understanding e-invoicing of GST: […]
Under Goods and Services Tax (GST) regulations in many countries, including India, e-commerce operators are required to register and comply with certain obligations. Here’s an overview of GST registration requirements for e-commerce operators: 1.Mandatory Registration: E-commerce operators are typically required to obtain GST registration, regardless of their turnover. This requirement is applicable when the e-commerce […]
Buying a term insurance policy for tax saving? Avoid these mistakes The decision to buy a life insurance policy in a hurry can only drain water to take it. The easiest way to save tax is to buy a life insurance policy. This is what most people doing tax planning do at the last minute. […]
Government unlikely to offer GST concessions to auto companies NEW DELHI: The government is unlikely to offer GST concessions to the auto sector as it believes that the current slowdown is the result of higher growth in the last few years, although pressure started building up in the second half of the last fiscal.