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
E-Commerce business is the new and one of the most valuable business platforms these days. It has been found in a survey that almost 80% of the population on the internet has bought something from these E-Commerce stores. However, it involves a complex taxation system. For instance, GST Registration for E-Commerce confuses many. Therefore, In this … Read more
A finance department has released Rs 75 thousand crores nowadays to Uts and States with the government under the end-to-end loan ability in lieu of GST compensation. The authority has rented and provided to states Rs 75000 crore to create up for the deficit in their proceeds as of the GST execution. The finance department … Read more
E-way bills are a crucial part of indicating business activities in India. Interestingly, we are seeing a Rise in e-way bills in our nation. Hence, A Rise in e-Way Bills also indicates Increased GST Collections in July 2021. In this article, we will get to know about this increase in the generation of e-Way bills. … Read more
GST Registration for restaurants is more important than ever. The reason is restaurants are booming everyday. Thanks to additional support of Food Startups such as Zomato and Swiggy. This leads to generation of business and therefore, the Government imposes various taxes. In this article, we will cover GST Registration for Restaurants. In addition, we will also … Read more
GST (Goods and Service Tax) Registration is mandatory for every entity of business type. This also applies to proprietorship firms. However, there is a lot of confusion about it. That’s why, In this article, we will know about GST Registration for Proprietorship Firm in detail. Know about Sole Proprietorship Firm A sole proprietor is a … Read more
Rent payment is one of the most famous expenses in any industry. GST (Goods and Services Tax) is charged on rent in many cases. This article gives all the information about the impact of GST on property rented for commercial purposes and other details. Impact of GST on rental fee The implementation of GST (Goods … Read more