The Goods and Services Tax Network (GSTN) has mandated that businesses with a turnover of over Rs 100 crore must upload e-invoices on the Invoice Registration Portal (IRP) within seven days of issuance. The move is aimed at improving tax compliance and reducing tax evasion. Let’s understand the latest updates regarding the strict deadline issued … Read more
There have been various disputes regarding levy, valuation, classification, creditability, refunds etc since the introduction of GST. Furthermore, every GST matter can not be assigned to High Courts since they may not have specialised branches. Similarly, there has been long pendency in judicious disposal of cases. Finally, the taxpayers also faced delayed justice and other … Read more
In today’s digital age, laptops have become an indispensable tool for individuals across various fields such as business, employment, and education. As technology continues to reign supreme, it’s crucial for us to consider the potential impact of GST on laptops and computers. Let’s get the detailed info on GST Rate for Computers and Laptops through … Read more
It’s important to keep track of your GST Registration. Furthermore, failure to do GST Return Filing on time can result in cancellation of GST Registration. This is a major setback for any company. However, there is good news. The government has recently announced that businesses whose GST registrations were cancelled can now apply for revocation … Read more
The government has set a cap on the maximum rate of GST compensation cess for tobacco products such as pan masala and cigarettes. So, This article explores the impact of the government’s decision for the GST Cess limit on tobacco and Pan Masala. Government Caps GST Cess Limit on Tobacco and Pan Masala As part … Read more
Get ready to spice up your knowledge on GST rates! The GST Council has announced the rates for sugar, salt, chocolate, and spices, and we’ve got all the details for you. With GST rates based on the internationally recognized HSN code system, which is used by over 200 countries, these rates are categorized into five … Read more
Tourism is a significant contributor to the Indian economy, providing socioeconomic benefits and positively impacting industries like food manufacturing, services, and construction. It creates jobs, generates income and foreign exchange. The tourism and hospitality industry includes accommodations, catering, transportation, attractions, and travel agencies/tour operators. Learn more about the GST on tour and travel agencies below. … Read more
GSTN has taken a step forward in the digitalization of business processes. It has now launched e-invoice registration services. It has been done as per the recommendation of the GST Council. E-Invoice Registration is launched in collaboration with various private IRPs. Four Private Companies Empaneled by GSTN for E-Invoice Registration Services GSTN has selected four … Read more
The government is planning to address the long-pending issue of providing refunds on goods and services tax (GST) paid by foreign tourists who shop in India. Let’s understand the news in detail. GST Refunds for Foreign Tourists Planned in India Next Year” According to sources, the government will soon begin working on the procedure and … Read more
India’s hospitality industry is a key driver of growth in the country’s service sector, and is often a top revenue producer. It’s expected to continue growing, thanks to the country’s large tourism potential. Over the past 15 years, hotel brands have organized and established the industry as a service-based rather than reality-based sector, making them … Read more