Searches surveys under GST by Tax officials In its attempt to bring more companies under the goods and services tax (GST) umbrella, the tax department is planning to conduct Searches surveys under GST across the country.
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.Input tax credit with respect to Motor Vehicle Section 17 of the Central Goods and Service Tax (CGST) Act deals with Apportionment of credit and blocked credits, wherein Clause (5) of the said Section provides for restriction of credit of Input tax credit with respect to Motor Vehicle. It is pertinent to note that section 17(5) […]
GST council may keep tax load on cars below 50 per cent GST Council is likely to keep the overall tax incidence on motor vehicles below 50 per cent at its meeting in Hyderabad on Saturday, a move that could rein in price increases.
GST on Director’s Remuneration Introduction: This article discusses in detail about GST on Director’s Remuneration on Services of director i.e. sitting fees, commission etc. Taxability The government has power u/s 9(3) of CGST Act & u/s 5(3) of IGST Act, to notify the levy of GST on RCM basis on goods or services.
How to resolve errors made in GSTR 3B? Introduction: This article discusses in detail about solutions to resolve errors made in GSTR-3B. A lot of doubts are being raised about errors or mistakes made by the taxpayers in filling of GSTR-3B return. As GSTR 3B cannot be revised, it makes the taxpayers worried about the […]