The AAR Gujarat has a new update for Lassi Businesses. The update is that Lassi is exempt from GST. AAR(Authority for Advance Ruling) Gujarat clearly states that Lassi is exempt from GST when a Valsad-based manufacturer and supplier of the product approached it for the applicable GST rate. In this article, we will understand this … Read more
GSTR-1 is a monthly or quarterly return statement that requires a regular trader to record all outbound supplies made throughout the month or quarter. In basic terminology, GSTR-1 return filing is a form that must be filled out with information about sales and other outgoing supplies. Furthermore, this return does not apply to composition sellers, … Read more
The GST Suvidha Provider is the digital platform utilized by companies to file GST returns. It enables GST adherence by simplifying information, among other things, to boost security and efficiency during registration, submission of invoices, and filing of returns. GSP or GST Suvidha Provider The Indian government has picked the GST Suvidha Providers (GSPs), a … Read more
GST Registration becomes very easy nowadays in India. Indian citizens may apply for a GST number with the least amount document of the company online. They don’t require you to move anyplace physically to use the latest GST number. This article will demonstrate GST registration for partnership firm in detail. What is the Goods and … Read more
A massive GST Collection in the month of July. Statistics mention that the figure is a three-month high in July. Interestingly, the figure is above trillion and the experts estimate that the reason is the opening up of lockdown and ease of mobility restrictions. In this article, we will read about GST Collections in July rose … Read more
A piece of very good news for small taxpayers as GST annual return filing is now liberalised. Effective 1 August, the CBIC has liberalised the annual return filing requirement for companies. The CBIC has notified this good news via notification in three official orders. It is an important update, so let us understand it in detail … Read more
GST stands for goods and service tax. It is an indirect tax and has several benefits for every business entity in India. GST Registration for MSME can also benefit entrepreneurs in MSME Sector. In this article, we will understand GST Registration for MSME in detail. Know about GST GST stands for goods and service tax. It … Read more
Important Update for taxpayers as Bank Account Updation is now mandatory. As per Rule 10A of the CGST Rules 2017, it is compulsory to mention and update Bank Account on the GST Portal. Failing to do so, might result in the deactivation of GST Registration. Therefore, In this article, we will read about this update in … Read more
Important update for taxpayers as the Government has announced a New Functionality on Annual Aggregate Turnover. The new functionality is deployed on the GST Portal for the convenience of Taxpayers. As a result, it will facilitate taxpayers in several ways. In this article, we will read New functionality on Annual Aggregate Turnover deployed on GST … Read more
The Centre has started a comprehensive review of the Goods and Services Tax (GST) law, as well as different GST rules. It is to offer clarification on concerns that have arisen since the levy’s implementation in July 2017. In this article, we will look at the Centre begins review of legal issues in GST. What … Read more