This article will guide you about GST on Forward Charges by GTA. As you already know, transportation has a major role in the Indian Economy. With roadways being the primary mode of transportation, it is responsible for the movement of a significant portion of the country’s freight and passenger traffic. However, any disruptions in this … Read more
The Goods and Services Tax Network (GSTN) has issued an advisory regarding a new functionality for Bank Account Verification on the official GST portal. Let’s understand the advisory of GST Portal enables new feature of Bank Account Verification. Integration of Bank Account verification Feature with GST System According to the advisory, the new bank account … Read more
Let’s understand the GST Calculations for E-Commerce Business. As an e-commerce business, it’s crucial to understand the basics of GST, GST Calculations,, and registration process. All of these are discussed in this article. The GST’s Relevance to E-Commerce Business In India, e-commerce businesses are classified as “aggregators” or “marketplaces” that facilitate the exchange of goods … Read more
If you are a business dealing with hair oil in India, it is important to understand the GST rate applicable to your product. The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. The GST rate for hair oil in India depends on its … Read more
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