GST is exempt on several healthcare services. However, it is still mandatory for companies, doctors and other medical professionals to get GST Registration for Healthcare Service in various circumstances. This article will guide all that you need to know about GST Registration for Healthcare Service. When do you need GST Registration for Healthcare Service? You … Read more
The Goods and Services Tax (GST) is an indirect tax system that has streamlined the taxation process in many countries, including India. If you own or plan to start a toy business in India, understanding the requirements and procedures for GST registration is essential. This article provides a comprehensive guide to GST registration specifically for … Read more
Notification No. 01/2021-Compensation Cess (Rate) issued by CBIC on September 30th, 2021 mandates a 12% Compensation Cess on Carbonated Beverages containing Fruit Drink or Fruit Juice under the GST regime. So, if you wish to start a Carbonated Cold Drink business or any other beverages business, you must get GST Registration and know about the … Read more
The 50th GST Council meeting was held on 11th July 2023 in New Delhi. The meeting was chaired by Finance Minister Nirmala Sitharaman and was attended by ministers from all states and union territories. The meeting discussed a wide range of topics, including the taxation of online gaming, casinos, and horse racing; the classification of … Read more
GST registration is mandatory for businesses meeting certain criteria and it offers benefits such as input tax credit and increased credibility. In the baby product industry, GST registration is crucial for ensuring compliance and facilitating business growth. If your business falls under mandatory GST Registration requirement criteria, you can get GST Registration Online. However, you … Read more
The Indian Government announced concessional GST rates for select handicraft items last year. This aims to support small and medium-sized businesses in the handicraft sector and stimulate its growth. The sector is a key contributor to India’s economy, generating employment in rural and semi-urban areas. The reduced tax burden through concessional GST rates will enhance … Read more
Khadi, an emblem of self-sufficiency and a vital element of India’s cultural heritage holds a cherished spot in the hearts of Indians. Renowned for their beauty and positive impact on the environment and society, Khadi products often raise questions about GST. This post explores the exemption status of GST on Khadi, the GST HSN code … Read more
Prior to the implementation of the Goods and Services Tax (GST) regime, there existed a multitude of taxes such as excise duty, services tax, customs duty, surcharges, and State-level Value Added Tax (VAT), among others, that were imposed on the provision of goods and services. However, the current indirect taxation system in India is GST. … Read more
Accurate filing of GST returns is essential to avoid reconciliation issues and ensure compliance. This article provides an overview of GST Common Mistakes to avoid. GST Common Mistakes to avoid Providing Incorrect Invoice Details One of the key errors businesses often make when doing GST Return Filing is offering inaccurate information on invoices. To prevent … Read more
The upcoming 50th GST Council meeting on July 11 will address key matters like GST on online gaming and combating fake input tax credits. The council aims to develop a comprehensive plan for the GST Appellate Tribunal (GSTAT) during the meeting. GST Council to Focus on Online Gaming in Upcoming Meet Finance ministry officials have … Read more