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GST Cess – Rate, Applicability and Calculation
GST Cess – Rate, Applicability and Calculation GST cess is a compensation cess levied under section 8 of The Goods and Services Tax (Compensation to State) Act, 2017. GST cess is levied on intra-state...
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Documents Required for GST Registration
Documents Required for GST Registration GST registration is set to begin in India from 1st July, 2017. All persons classified as taxable person under GST are required to obtain GST registration and...
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GST Electronic Credit Ledger
GST Electronic Credit Ledger GST utilises three ledgers, namely electronic cash ledger, electronic liability register and electronic credit ledger for levying, calculating and tracking GST payments,...
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GST Return Due in July, August and September
GST Return Due in July, August and September GST is set to be implemented in India from 1st of July, 2017. GST Portal has opened GST registration and GST migration for existing taxpayers registered...
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GST TDS Rate – Applicability and Procedure for Deduction
GST TDS Rate – Applicability and Procedure for Deduction Tax Deduction at Source or TDS is a tax collection system wherein the tax liability is paid in part by the recipient of the goods or service at...
View ArticleGST TCS For E-Commerce Operators
GST TCS For E-Commerce Operators GST TCS or GST Tax Collection at Source is very similar to GST TDS or Tax Deduction at Source. GST TCS is applicable for e-commerce operators, while GST TDS is...
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Deposit for GST Registration
Deposit for GST Registration GST Registration is required for persons, businesses and not-for-profits involved in the supply of goods and services to persons or entities in India. GST registration can...
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Job Work under GST – Comprehensive Guide
Job Work under GST – Comprehensive Guide A significant group of MSME businesses in India are involved in the job work sector, providing outsourced manufacturing services. Job work is a type of...
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IGST on Imports – Calculation Methodology
IGST on Imports – Calculation Methodology The formalities for import and export would change once GST is implemented in India on 1st July, 2017. Under GST, certain types of duties and taxes like Basic...
View ArticleArrest, Inspection and Seizure under GST – Know Your Rights
Arrest, Inspection and Seizure under GST – Know Your Rights Goods and Services Tax or GST has been implemented in India from the 1st of July, 2017. The new indirect system completely overhauls various...
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GST Software – Getting Started with LEDGERS
GST Software – Getting Started with LEDGERS LEDGERS is a free cloud-based GST software from IndiaFilings for helping Indian businesses easily manage GST compliance. Ledgers GST software is easy to use...
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GST Registration for Branches & Business Verticals
GST Registration for Branches & Business Verticals According to the CGST Act, suppliers of taxable goods and services are required to be registered under GST in the State or Union territory, from...
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Export Bond for GST & Letter of Undertaking
Export Bond for GST & Letter of Undertaking Entities involved in export of goods having GST registration are allowed to export goods without payment of IGST by furnishing an export bond or Letter...
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GST Audit & Certifications – By Chartered Accountants
GST Audit & Certifications – By Chartered Accountants GST audit would have to be periodically conducted on entities registered under GST by a Practising Chartered Accountant or GST officer to...
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GST Invoice – Comprehensive Guide with Invoice Formats & Examples
GST Invoice – Comprehensive Guide with Invoice Formats & Examples GST invoice or tax invoice is a commercial document that must be issued by a seller to a buyer. Entities registered under GST must...
View ArticleGST Registration for Agents & Taxability of Pure Agent
GST Registration for Agents & Taxability of Pure Agent In GST, special provisions have been provided for agents. To begin, GST registration is mandatory for agents, irrespective of annual aggregate...
View ArticleWhen to Issue Invoice under GST? – Time of Supply
When to Issue Invoice under GST? – Time of Supply The issuance of a GST invoice is closely related to the concept of time of supply under GST. In this article, we look at the both the time to issue an...
View ArticleGSTR-8 Filing for E-Commerce Companies
GSTR-8 Filing for E-Commerce Companies GSTR-8 filing must be filed every month on or before the 10th by e-commerce companies. Under GST, e-commerce companies have been defined as any person who owns,...
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GSTR-4 Filing – Quarterly Return For Composition Scheme
GSTR-4 Filing – Quarterly Return For Composition Scheme GSTR-4 is a quarterly return that must be filed by those registered under the GST Composition Scheme. Businesses registered under the GST...
View ArticleGST Compliance Rating – Comprehensive Guide
GST Compliance Rating – Comprehensive Guide GST compliance rating or GST rating is a score determined by the GST tax department for every person registered under GST. GST compliance rating would be...
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