Goods and services tax on Government Contracts Government contracts has assumed great importance in the modern times with Government working on major projects either by way of public private partnerships or through technically and professionally qualified contractors in Goods and services tax.
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.Some important notes before finalising TRAN-1 Some useful points before finalizing TRAN-1 (practical point of view)- 1) Rule 117 (1) – “Provided further that where the inputs have been received from an Export Oriented Unit or a unit located in Electronic Hardware Technology Park, the credit shall be allowed to the extent as provided in […]
GST – Exclusion of Value of Land in Residential Complex The transactions in immovable property have been a hotbed of disputes in VAT as well as Service tax. In GST also there does not seem to be end to confusion. Across India different practices of selling of apartments. In some parts of India only 1 […]
Taxes over and above Goods and services tax Within a week of roll out of GST on July 1 2017, Maharashtra has raised the one-time registration tax on private two-and four-wheelers by 2%. Also, city corporations in Tamil Nadu have imposed 30% entertainment tax over and above the Goods and services tax rate levied on […]
Import Export code application under GST regime Introduction: This article discusses in detail about application for Import Export code application in GST . Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be […]