GST in India
GST in India The currently implemented indirect tax system in India is complex leading to inefficient tax collection and adversely affecting GDP growth. The introduction of MODVAT, then CENVAT and now...
View ArticleGST Advantages for Startups and Small Businesses
GST Advantages for Startups and Small Businesses The Goods and Services Tax (GST) – GST Bill was passed in Lok Sabha on 6th May, 2015. The concept of GST in India has been mooted and evolved for over a...
View ArticleGST Return Filing
GST Return Filing The GST implementation in India is set to happen during 2016, overhauling the entire indirect taxation regime. The proposed GST would subsume levies like excise, VAT, service tax and...
View ArticleGST Registration Procedure
GST Registration Procedure GST or Goods and Service Tax is a destination based tax, levied at the time of consumption of goods or services by the ultimate consumer. GST is similar to VAT, wherein the...
View ArticleTaxable Person – Model GST Law
Taxable Person – Model GST Law The Model GST Law unveiled by the Finance Ministry in June, 2016 has defined the applicability of GST in India with definition for taxable person. In this article, we...
View ArticleTime of Supply of Goods – Model GST Law
Time of Supply of Goods The Model GST Law unveiled by the Finance Ministry in June, 2016 has defined applicability of GST in India with definition for time of supply of goods. Its important to...
View ArticleGST Registration – Model GST Law
GST Registration – Model GST Law The Model GST Law unveiled by the Finance Ministry in June, 2016 has defined the applicability of GST in India with requirements for GST registration. In this article,...
View ArticleAdvantages of GST in India
Advantages of GST in India The Goods and Service Tax (GST) which is to be implemented in India is one of the biggest tax reforms, expected to spur economic growth in India and boost exports. In an...
View ArticleGST Registration Requirement
GST Registration Requirement The Model GST Law unveiled by the Finance Ministry in June, 2016 has defined the applicability of GST in India with definition for taxable person. In this article, we...
View ArticleTax Invoice under GST
Tax Invoice – Under Indian GST Under GST, the value of a supply of goods and/or services would be the price actually paid or payable for the said supply of goods and/or services. It is important for...
View ArticleSupply of Goods – Under Indian GST
Supply of Goods – Under Indian GST Under GST, supply includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to...
View ArticleSupply of Service – Under Indian GST
Supply of Service – Under Indian GST Under GST, supply includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed...
View ArticleCentralised Registration in Central Excise for Jewellery
Centralised Registration in Central Excise for Jewellery In order to make more inclusive the taxation process and progress towards Goods and Services Tax in the year 2017, the Finance Minister...
View ArticleHow to Get GST Registration Online?
How to Get GST Registration Online? The much anticipated GST is set to be rolled out next year, tremendously improving the ease of doing business in India for millions and millions of SMEs in India. By...
View ArticleDecoding the GST Registration Number
Decoding the GST Registration Number The transition to GST Registration has started in India, with existing VAT and service tax registration holders being allotted GST Registration number to harmonise...
View ArticleAdvantages of GST in India
Advantages of GST in India The Goods and Service Tax (GST) which is to be implemented in India is one of the biggest tax reforms, expected to spur economic growth in India and boost exports. In an...
View ArticleGST Registration Requirement
GST Registration Requirement The Model GST Law unveiled by the Finance Ministry in June, 2016 has defined the applicability of GST in India with definition for taxable person. In this article, we...
View ArticleGST Accounting and Compliance
GST Accounting and Compliance GST rollout will not be just a simple introduction of a new tax. GST implementation will have deep and far reaching consequences on the operations of a business –...
View ArticleGST Migration Procedure
GST Migration Procedure Goods and Services tax (GST) that is often known as a historic reform is now around the corner. After president Pranab Mukherjee gave his agreement on September 8, 2016, the...
View ArticleOnline Process for GST Enrolment
Online Process for GST Enrolment Existing Taxpayers of VAT, Service Tax, and Central Excise can enroll themselves on the GST portal. In this article, we look at the online process for GST enrolment....
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