Before the advent of the Goods and Services Tax regime, the indirect tax regime comprised of service tax, central excise, VAT and other related taxes. Under the old indirect tax …
HOW TO CLAIM INPUT TAX CREDIT, ELIGIBILITY & REQUIREMENTS. Read More »
Goods and Services Tax for short: GST Returns is a document that contains all the details of input (purchases), output (sales), input tax (tax paid on purchases) and output tax …
Advance income, as the name suggests is said to be when the payment of income is made before its actual time. This advance income may sometimes be required by the …
Basics of GST on Advance Income Easily Explained Read More »
ITC on motor vehicle is available on GST pay under certain circumstances. In this blog, we discuss everything about ITC on vehicle. Get your GST Returns filed here! ITC on …
Understand Everything About ITC on Motor Vehicle Read More »
GST ledgers, commonly known as e-ledgers are electronic passbooks for GST transactions. These ledgers comprise all the details wrt GST. Further, these ledgers are available to all the GST registered …
GST Ledgers: Important Pointers You Learn In This Guide Read More »
The concept of e-invoicing under GST was introduced through the 39th GST Council Meeting. Further, the reason behind the introduction of GST e-invoicing was to ensure the inter-operability of e-invoices …
E-Invoicing Under GST: Easily Explained Expert Guide Read More »
Input tax credit means that the taxpayer can reduce the taxes it has already paid on inputs from the taxes it has to deposit on output. In simple words, he can take the credit of the amount of tax which has been paid on procuring of inputs. By doing so, the taxpayer is avoided from paying the double taxes on a single input.
The 47th GST Council Meeting headed by our Finance Minister was held at Chandigarh on 28th & 29th June, 2022. Accordingly, many key decisions were taken from the council ranging …
47th GST Council Meeting: Easy To Know All Key Highlights Read More »
GST Invoices GST invoices are the important documents. This is so because it not only evidences the supply of goods or services but is also an essential document for the recipient …
GST Invoices Bill Easily Explained Guide By Expert Read More »
The GST Council determines the GST slab rates for both goods and services. Additionally, the GST Council also reviews these slab rates on a regular basis. File GST Return Here …