One of the main features of GST is the ITC, input tax credit. This is applicable across the chain and also across the country.…
How To
What is GST and its advantages & disadvantages?
Indirect taxes are not imposed on the income of each individual rather it is charged on the goods and services consumed by the end-user.…
How To
What is GST Return, types of GST Return, and GST Late Fee?
A GST Return is a document that contains details of income, which every taxpayer is required to file with the tax administrative authorities. This…
Featured
Impact of GST on Job work – What you need to know?
What is Job Work? Job work is a major portion of our GDP, and it includes various outsourced activities that may or may not…
News
Government asks tax officials to try and widen the GST tax base
Mumbai – With the vision to bring as many companies as possible under the goods and services tax, the tax department of India is…
News
Form GST TRAN 1 filing and revision date
A great confusion has been prevalent regarding the dates for filing of TRAN 1 as the decision taken by the GST council during its…
Featured
Yes! It is possible to simplify the GST
The GSTN has been facing a lot of hiccups and hurdles altogether. This wasn’t surprising as the IT failure is a common thing when…
News
GST Alert -160 companies to get a notice on transitional GST credit
Mumbai – Several Indian companies including the companies that have large market capitalization may start receiving notices very soon. What are these notices about?…
News
Our guide to understand the Impact of GST on Real-Estate
When it comes to real estate, which is considered an asset for capital gains, everyone has one question: has the property gone more expensive…
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Three days to go and only 6.9 lakh taxpayers file GST returns
While the registration for Goods and services tax (GST) returns is around the corner and would be over in less than 72 hours, it…
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Scenarios where a service provider needs to register for GST across multiple states
There are different scenarios as to how GST behaves. If you are a service provider who has operations in only one state, then GST…
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Lottery traders to protest against GST rate from 28% to 12%
GST implementation has faced a lot of criticism since the day of its inception. Now, the lottery traders of Mumbai are to join the…
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GST to have an impact on the sales of brick and mortar stores; online players to make merry
If the monsoon is said to hit and dampen the rural sales and to buy then, goods and services tax (GST) is expected to…
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NCERT to update books after a decade; GST, Demonetization, Swachh Bharat among the popular ones to be added in the course
New Delhi – India’s census is due in the next three years. NCERT’s social science book for 8th standard quotes a literacy data for…
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Due date for filing GSTR-6 for July, i.e., Return for Input service distributors extended
The CBEC (Central Board of Excise and Customs) exercised its powers under the section 39(6) read with Section 168 of the Central Goods and…