Following the introduction of the newly revised rates of GST as per the 47th GST Council meeting, There is a lot of confusion among the public regarding a variety of things. This is not the only issue, but due to the rise in GST on everyday items the public is also seeing an increase in … Read more
This era is booming with cryptocurrency. Many Indians are investing in cryptocurrency. Whether you are a business owner, or an individual earning income through profession, if you have investments in Cryptocurrency, you must also know about GST on Cryptocurrency in India. This article will discuss the taxation and GST on cryptocurrency in India. What is … Read more
An important update for all of us as the government has now implemented changes to the residential rental property taxation. Starting from 18th July 2022 the dynamics of renting residential property has undergone a major change. The decision to change the taxation system on residential rental property in India was taken in the 47th GST … Read more
Every business having GST Registration needs to mandatorily file GST Returns. The GST Returns have to be filed quarterly, monthly and annually based on the type of taxpayer and business. This article will guide you all about GST Return Filing. What is the GST Return? A GST-registered taxpayer (every GSTIN) is obliged to file a … Read more
GST is known as one of the most beneficial revolutions for the Indian economy as per the Indian Government. It has subsumed multiple indirect taxes such as excise, VAT, and service tax. This article discusses the benefits of GST Registration under law. What is GST? GST stands for Goods and Services Tax. It is imposed … Read more
A massive relaxation for taxpayers as the government has announced a major update. As per the latest update, GSTR 9 and 9A GST Return Filing relaxations have been announced. It was done on the recommendations of 47th GST Council Meeting. The 47th GST Council meeting, held in Chandigarh on 28th and 29th June decided to … Read more
An important update for taxpayers and businesses as CBIC has notified new GST Rate Changes. These rate changes were recommended by the GST Council. The 47th GST Council Meeting was held in Chandigarh for two days i.e. 8th and 29th of June 2022. The GST Council Meeting announced several new changes and one of the … Read more
India’s garment industry is among the oldest and biggest contributors to the nation’s economic growth in terms of GDP, employment, and export promotion. Both skilled and unskilled employees are employed in the textile industry, one of the nation’s oldest and second-largest manufacturing sectors. As a result, businesses must understand about GST on Apparel, Clothing and … Read more
An important update for taxpayers as GSTR-3 GST Return Filing can be now revised. The change will lessen the problem of phony invoicing, in which sellers report suppressed sales on GSTR-3B to reduce GST payment while reporting greater sales on GSTR-1 to allow buyers to claim input tax credit. This article discusses all the important … Read more
The GST Council has suggested numerous significant modifications and reforms to GST rates for the supply of goods and services in addition to GST laws and procedures. The guidelines on GST rates will take effect from July 18, 2022 as well as those that relate to GST procedure and law will be in effect from … Read more