GST is one of the government’s primary initiatives to unify India’s taxation structure into a single national tax. Multiple taxes were eliminated or merged into a single taxing scheme by the GST. Once after getting GST Registration, businesses can download the GST Registration Certificate. In this article, we will understand the process to download GST … Read more
Major news for taxpayers and the common man in India. The news will directly impact your pocket. As per the latest updates, the CBIC notified a hike in GST Tax Rate on Fabrics, Apparel, and Footwear. The hiked rates are expected to directly impact the major business industries in the sector of Fabrics, Apparel, and … Read more
The Economic growth in India is on the path to recovery with the passing of COVID-19’s Second Wave. However, the lockdown enforced during COVID -19 has a significant negative impact on the MSME sector. Many industries are still reeling from the consequences of the shutdown. The MSME sector continues to struggle. Many GST registered merchants … Read more
GST Registration for Hindu Undivided Family is beneficial in multiple ways. Many companies under HUF Registration do eCommerce business. Therefore, they also mandatorily require GST Registration. Furthermore, Hindu Undivided Family companies can claim input tax credit after getting GST Registration. In this article, we will understand GST Registration for Hindu Undivided Family in detail. What … Read more
A massive relief for common-man as there is a massive reduction in petrol and diesel prices after Diwali. The cut in excise tax by the Centre, followed by VAT reductions in various states, has resulted in a dramatic decline in petrol and diesel prices, which had hit an all-time high. However, While some analysts believe … Read more
When it comes to indirect taxation, taxes are important to the government since they are an automated process that occurs when people purchase and sell products and services across the country. As a result, they are simple to collect and beneficial for both taxpayers and tax collectors. In India, we have an indirect tax system … Read more
The GST(Goods and Service Tax) implemented on 1st July 2017 might undergo major changes soon. The Government of India may implement some significant changes to curb tax evasion, reduce complexity in taxation & improvise the overall GST Structure. The news about India soon getting higher and fewer GST Rates is a very important one and … Read more
There was a long time confusion whether to pay GST at the rate of 5% or 18% on sale of ice cream in specified ice cream parlors. Accordingly, CBIC has issued the clarification circular on GST on Ice cream sale in parlors. In this article, we will understand the latest updates regarding GST Taxation on … Read more
An urgent reminder to GST taxpayers: start doing GST Return Filing immediately or face the risky hindrance in your business operations. The recent notification will have a significant impact on taxpayers because the E-Way Bill generation blocking facility is now in effect. In this article, we will understand about the government’s most recent update as … Read more
The Goods and Services Tax (GST) department will continue its campaign this week to raise awareness about GST laws among local businesspeople and check unregistered companies in the Dehradun region. In this article, we will read the latest news that the GST Department may target unregistered businesses for their awareness program. We will also understand … Read more