The Mines Act, 1952, governs India’s minerals and mining industry. Mining and minerals development and Regulation Act (MMDR) of 1957 governs it as well. All essential indirect tax legislations are now absorbed under the GST regime (except for a few taxes such as duty on Electricity, Royalty on the extraction of minerals from mines, etc. … Read more
It has been made mandatory by the Goods and Service Tax (GST) Department to input the precise Google location of the premises while filing a new GST Registration application or when Adding a New Place of Business at the time of GST Registration amendment. In this article, you will understand the latest updates as Google … Read more
Goods and services tax, popularly known as GST, is a destination-based tax levied by the Indian government. It is charged on the supply of goods and services offered by any company or individual. GST has replaced various other taxes like central sales tax, service tax, value-added tax, excise duty, etc. The GST act came into … Read more
Online shopping platforms like Flipkart and Amazon have fueled the growth of e-commerce in recent years. When it comes to selling goods online in India, Flipkart is one of the most popular web retailers in the country. As of now, Flipkart handles more than 5 million packages a month and receives an aggregate of more … Read more
According to the government’s March 31 announcement, the 45th GST Council Meeting’s suggested modifications on construction bricks, earthen or roofing tiles, fly ash blocks, as well as bricks of fossil fuels, are in effect from April 1, 2022. In this article, you will know about GST on Brick Manufacturers. Updates for GST on Brick Manufacturers … Read more
E-invoicing or electronic invoicing is a simple b2b tax invoice that is usually issued by every registered tax being business or taxpayer. Under the system, a specific and unique identification number will be issued against every GST invoice by the IRP, which is managed and controlled by the GST Network (GSTN). Once the bill is … Read more
Due to the fact that GST and the e-way bill will have an impact on everyone, SEZs are also included in the scope of the changes they bring. If your business is in SEZ or you want to set it up there, you must know about the GST Return Filing for SEZ Units. This article … Read more
GST Return Filing is mandatory for everyone who has GST Registration in India. It is compulsory to do GST Return Filing no matter the business turnover, profitability, or revenue in a month. Taxpayers are required to file NIL returns even if they indicate that they have not issued any invoices for their registered firm at … Read more
The introduction of the Goods And Service Tax has overshadowed the other taxation systems like excise duty, service tax, and VAT. It was implemented on the 1st of July 2017 under the unique ideology, ‘one nation, one tax’. In this article, you will understand the difference between GST and VAT. The aim of introducing GST … Read more
GST or goods and service tax was launched on the 1st of July 2017. The tax has replaced almost all the indirect taxes in India. It is mandatory to issue an invoice or bill of supply when the supply value is more than Rs. 200 under GST Registration in India. There are several types of … Read more