A piece of important information for all the Indian taxpayers and businesses. The GST Council had identified that the exchequer suffered a hefty loss. Because of underreporting or no reporting from food and cab aggregators. Therefore, the government has launched new measures to curb tax evasions. These new measures were notified earlier and are coming … Read more
An important update for taxpayers and businesses in India. As per the recommendations of the GST Council, the CBIC is implementing a hike in GST on Footwear & Garments from 1st Jan 2022. The Hike in GST on Footwear & Garments will be effective from day 1 of the new year and thus it will … Read more
GST is an indirect taxation system in India. It applies to many exporters and importers. To increase the exports of India and boost the Indian economy, the government provides GST Registration for zero rated supplies. Many people confuse zero rated supplies with Non-Taxable Supplies or exempt supplies. Therefore, In this article, you will get a … Read more
GST Registration also has a significant basis for the location. It is a destination-based tax and the goods/services are taxed at the place of consumption. However, while taking GST Registration, applicants need to provide address proof of the place of supply. These address proofs need to be valid and must not be from the prohibitive … Read more
With the business expansion, you may open new offices or manufacturing plants. Furthermore, you might also need to explore other marketplaces. However, to do so or for other purposes, you might need to add an additional place of business in all legal registrations. GST Registration is one of the popular and major indirect tax systems … 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
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
GST Collections in Sept surpassed 1.17 lakh crores. It is a 22.5 percent year-on-year increase, the fourth-highest collection since its inception on July 1, 2017, and the second-highest in the current fiscal year. The GST Collection in September indicates a successful transition of commercial activities following the second wave of the Covid-19 pandemic as well … Read more
No GST on Papad – The CBIC(Central Board of Indirect Taxes and Customs) has made it clear. In the recent tweet, the CBIC declared that no GST is levied on Papad whatever its shape, name, or form is. Let us discuss this update in detail. What is GST? GST stands for Goods and Service Tax. … Read more