RCM applicable on import of “Goods” After a deep interpretation of GST Law, I am of opinion that import of ‘goods’ will be taxed under RCM u/s 5(4) of IGST. There were many different views on whether import of ‘goods’ will attract RCM or not. Unlike import of service which is EXCLUSIVELY provided in act […]
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.GST: What to do now and how to do ? India is going to implement GST from 1st July, 2017. Everyone is confusing what to do now and how to do. In this regards, at this moment the most important things are .What to do the stock which is held on 30th June 2017
How to shift to the GST framework online Those who have been registered under service tax are required to move to the GST framework and get their registration process completed under GST. This process can be carried out online provided all the required documents are in place.
Ready for GST? Here are changes that can stump you right after midnight At midnight on June 30, Prime Minister Narendra Modi will formally usher in the country’s new Goods and Services Tax (GST). First proposed in 2006, the GST will subsume more than a dozen state and central levies into one tax, unifying this […]
Payment of Taxes and Interest in GST Law Liabilities of Taxes and Interest in GST and penalty and other dues under the GST shall be paid, have been described here below . Same shall be entered in various register etc. All this is prescribed in Section 49 to 50 of the GST Law and GST […]