To kickstart the Registration for GST process, businesses must first determine whether they are eligible to register under the latest indirect tax regime.The New GST Registration and Eligibility Criteria is mandatory to any individual or group involved in commercialized business, as it enables the proprietary to discharge taxes and avail the benefits of input tax credit. […]
GST is a tax that is viewed as a modification to the taxing process. A common national market could result from the integration of several different central and state taxes under the GST. While state-by-state VAT rates vary, the global GST rate is uniform and stable. In this case, the Central and State governments would split […]
The GST law determines the kinds of infringement that can be submitted and the punishments that will be forced for each situation. This is basic data for all entrepreneurs, bookkeepers, and duty experts, as an inadvertent blunder may bring about genuine results.
Late Updates on the Union Budget for 2021
The Goods and Services Tax (GST) is designed to restructure India’s entire indirect tax system and make conducting business in the country easier. Over one crore registered firms will be registered as taxable persons under GST and will be needed to comply with different GST compliance criteria with the implementation of GST. The government has introduced […]
DRC-03 is a form required by the GST law to be filed for voluntary tax payments made in response to a demand or tax deficiency discovered after the deadline for filing returns for a financial year has passed. This form is covered under CGST Rule 142(2) and (3).
The article goes overall you need to know about […]
Indian GST is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services. The Indian government has implemented the Indian Goods & Services Tax (GST) from 1st July 2017 with the objective to streamline India’s indirect taxation system. Indian Government has imposed Reverse Charge under Indian GST for certain goods or services […]
