Supplied for exports – Goods taxed at concessional rate Taxing at rate of 0.05% for Intra state supply of taxable goods by a registered supplier to a registered Supplied for exports subject to the following conditions:
Category Archives: Goods and services Tax
Master your business financials with our definitive guides, updates, and compliance resources on the Goods and Services Tax (GST). Navigating modern taxation can be challenging, but our clear breakdowns help business owners, freelancers, and accounting professionals stay ahead of regulatory changes while optimizing their tax positions.
Why GST Compliance Matters
Understanding GST is critical for legal compliance, seamless input tax credit processing, and avoiding costly penalties. Staying informed ensures your pricing strategies remain competitive and your cash flow stays healthy in a fast-evolving regulatory landscape.
What You Will Find Here
- Compliance & Filing: Step-by-step navigation for monthly, quarterly, and annual tax returns.
- Input Tax Credit (ITC): Strategies to maximize claims and recover tax paid on business inputs.
- Regulatory Updates: Real-time analysis of changing rate slabs, legal amendments, and notifications.
- Invoicing & E-Way Bills: Practical templates and workflows for generating flawless, compliant documentation.
how to file GST returns, input tax credit rules, GST rate slab updates, tax planning and invoicing.Valuation rules under GST could lead to transfer pricing disputes As companies focus on the country’s biggest indirect tax reform — Goods and Services Tax — an old ghost of transfer pricing may come to haunt them in the coming years, warn tax experts.
Electronic Liability Register under GST- Things You Must Know 1. What is an Electronic Liability Register? In an Electronic Liability Register, all liabilities accrued by the taxpayer are displayed. Payments made from the Electronic Cash Ledger and/or credit utilized to discharge the liabilities are also shown in the ledger. It can be accessed in the […]
Gist of GST notifications effect to recommendations GST Council meeting The GST Council on October 6, 2017, has introduced slew of reforms in its 22nd meeting held at New Delhi, amidst the anomalies going on in the Trade and Industry on various critical provisions of GST Law and Rules made there under GST notifications. To […]
Latest FAQS about GSTR Forms,due dates,Input Credit,RCM and GSTR 2A Q 1. What about GSTR Forms due date for filing of FORM GSTR-1, for the month of August? Ans: The Due date for August will be notified soon. Q 2. If income is nil, are returns mandatory? Ans: Yes, once you are registered, filing of […]