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15 Matters to keep in mind for GST in 2020

By |2020-03-16T02:56:44-05:30January 9th, 2020|Categories: GST, GST News, GST Registration|Tags: , , , , , , , , , , , , , , , , , |

Every new year comes with new hopes, desires, and responsibilities along with challenges. Introduction of Goods and Services Tax (GST) has been a big tax reform in India. From 2017-2019 it has been a great year for GST. Even in between the GST rate move down from 28% to 18% on 178 goods. Goods and Services [...]

How to file Nil GST Return?

By |2020-03-16T02:38:50-05:30May 1st, 2019|Categories: GST Law, GST Return Filing|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Everyone with a GST Registration must file GST Return, whether there has been any turnover or not, during the month. In short, no Sale or Purchase has occurred, in a month, you, still, need to login to Government GST Portal and submit a NIL Return. So if you are thinking of why or how to file Nil GST Return Format, read [...]

A guide to your copy of the GST Registration Certificate

By |2020-03-16T02:53:38-05:30April 30th, 2019|Categories: GST, GST Registration|Tags: , , , , , , , , , , , , , |

All businesses whose turnover exceeds Rs. 40 lakh (for goods suppliers) and Rs. 20 lakh (for services providers) have to get GST registration in India. The limit is half (i.e. Rs 20 lakh for goods suppliers and Rs. 10 lakh for services providers) for Special Category states. Also, under the GST Act, some other criteria's have been [...]

Delivery challan under GST

By |2020-03-16T02:36:39-05:30April 15th, 2019|Categories: GST|Tags: , , , , , , |

What is delivery challan? A delivery challan is a record or a document generates in the process of transferring goods from one place to another. Which might or might not result in trades. This is carried along with the transmitted goods. It involves the details of the items transmitted, the quantity of those goods, delivery and [...]

Debit Note: A Way to revise Sales Invoice under GST

By |2020-03-16T03:01:06-05:30April 11th, 2019|Categories: GST, GST invoice|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Debit Note and Credit Note come into the picture whenever some error has been committed during a financial transaction. The mistake can be simple human or due to some mechanical fault. To neutralize the effect of this fault on the invoices, a Debit Note or a Credit Note may be issued. These documents are recognized and [...]

What is credit note under GST ?

By |2020-03-16T02:49:42-05:30April 4th, 2019|Categories: GST|Tags: , , , , , , , , , , , |

Credit note The credit note is an invoice monetary document circulate by a retailer to a customer. Credit notes function as a reference record for the Sales return journal. Basically, the credit note is proof of the decline in sales. A credit note also names as credit memorandum or memo. In layman's language, a note was given by [...]

HSN Code /SAC Code List and GST Rate HSN is essentially a commodity description and Coding System . It is a products nomenclature system. Let's look at the HSN Code in detail

By |2020-03-16T02:57:04-05:30February 5th, 2019|Categories: HSN codes, Uncategorized|Tags: , , , , , , , , , , , , , , , , |

HSN CODE FINDER TOOL   What is the HSN Code? HSN Stands for Harmonized System Nomenclature. The internationally adopted system of commodity description and product nomenclature system developed by the World Customs Organization came into existence in the year 1988. Under the taxation system of GST,  the goods and services transacted in India are either classified [...]

Full form of GST In the GST regime, it become more important to know each and every things about it along with GST full form. Here, in this article, we will enlighten you about the meaning and importance of GST.

By |2020-03-16T02:21:11-05:30February 4th, 2019|Categories: GST|Tags: , , , , , , , , , , , , , , |

GST full form is Goods and service tax. Before going further about Goods and services tax, let's have a look at how tax works in India. In any of the countries, the government needs money for its proper functioning and taxes are a major source of revenue for a government. Thus, the taxes collected by the [...]