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 […]
The goods and service tax (GST) introduced a new concept of Input Tax Credit capital goods which is similar to that of VAT but with an important difference that the former will allow a set-off only on output rather than on both import and exports as in case of VAT. This would bring an inconsistency […]
A works contract is primarily a service contract with the possibility of item supply as part of the contract’s execution. A works contract, by definition, is a formal agreement to do work or other obligations in exchange for money, such as construction, installation, modification, repairs, maintenance, or renovation of any immovable property.
A subcontract for building work […]
GST Registration Certificate is given to GST-registered individuals. Those that have a GST registration certificate are expected to show it prominently in their place of business. The method of obtaining a GST certificate is relatively simple. In this post, we’ll go over how to get your GST certificate from the GST Portal.
