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GST Suvidha Provider (GSP) – Eligibility Criteria
GST Suvidha Provider (GSP) The GST Regime in India is backed by the Goods and Services Tax Network (GSTN), a centralised IT infrastructure to handle all aspects of GST administration in India. Goods...
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GST Practitioner – Enrolment Procedure
GST Practitioner – Enrolment Procedure Goods and Services Tax (GST) is set to overhaul the entire indirect tax regime in India and make doing business easy in India. With the implementation of GST,...
View ArticleDebit & Credit Notes under GST – Revising an Invoice
Debit & Credit Notes under GST – Revising an Invoice A key reasons why GST in India would help increase tax compliance and reduce black money circulation is the standardisation and matching of...
View ArticleTransferring Existing Input Tax Credit to GST
Transferring Existing Input Tax Credit to GST Nearly 80 lakhs businesses have migrated to the new GST Platform, in anticipation of a July 1st, 2017 rollout of the GST regime. All existing taxpayers...
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GST Input Tax Credit Scheme – For Existing Stock
GST Input Tax Credit Scheme – For Existing Stock A new GST input tax credit scheme has been announced in the Transitional Provisions rules to provide GST Input Tax Credit for unregistered persons who...
View ArticleWhat is GST Council?
What is GST Council? With the GST rollout getting closer and closer, the media is filled with mentions of GST Council. In this article, we look into the GST Council and understand one of the key...
View ArticleGST Registration For Foreign Companies
GST Registration For Foreign Companies Goods and Services Tax or GST is an indirect tax in India that is levied on consumption of goods and services. The liability for payment of GST is generally with...
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Credit Transfer Document in GST
GST Credit Transfer Document The concept of Credit Transfer Document (CTD) has been recently introduced in GST to transfer CENVAT credit paid on specified goods available with a trader on GST...
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Value of Supply – Related Party Transactions under GST
Value of Supply – Related Party Transactions under GST The value of supply in a free market transactions where the two parties (i.e. Buyer and Seller) involved in a transaction are not related would be...
View ArticleBenefit to Farmers from GST
Benefit to Farmers from GST India is among the top farming countries in the world, producing a wide array of produce for consumption by the people of India and exports. India is the second largest...
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GST EWay Bill
GST EWay Bill GST EWay Bill is a new methodology for tracking of goods in transit introduced under the Goods and Services Tax. Any taxable person registered under GST and causing movement of goods of...
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How to Calculate GST?
How to Calculate GST? With the GST rollout day getting closer and closer, many Entrepreneurs wonder how to calculate GST payment in a transaction. In this article, we cover all aspects of calculating...
View ArticleGSTR-2 Filing Procedure
GSTR-2 Filing Procedure All taxpayers registered under GST are required to file GSTR-2 or details of inward supplies of goods or services received during a month. GSTR-2 is due on the 15th of each...
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GST Return Due Date
GST Return Due Date Most businesses in India will need to file 37 GST returns each year to maintain GST compliance. In this article, we look at the list of returns to be filed by various types of...
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Is GST Applicable on Imported Goods?
Is GST Applicable on Imported Goods? Under the GST regime, both the import of goods and or services into the territory of India would be treated as supply of goods or services in the course of...
View ArticleOIDAR Services under GST
OIDAR Services under GST OIDAR Services or Online Information and Database Access or Retrieval (OIDAR) Services are services whose delivery is made through information technology over internet or...
View ArticleImports and Exports under GST
Imports and Exports under GST Foreign trade is an important determinant of the economic growth and development of the nation. It is imperative that imports to and exports from the country register a...
View ArticleGSTN – Role and Functions
GSTN – Role and Functions The launch of GST in India is a landmark event which intends to change the entire taxation system in the country. However, the launch of this system requires mega...
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Casual Taxable Persons – GST Registration
Casual Taxable Persons – GST Registration Casual taxable persons have been provided special treatment under GST. The GST Act defines as casual taxable person as a person who occasionally undertakes...
View ArticleGST Impact – Real Estate Sector
GST Impact – Real Estate Sector The rollout of the Goods and Services Tax is expected to bring substantial benefit across sectors as it would promote transparency and accountability. This will be...
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