Advantages and Disadvantages of GST in India
GST was first regulated on 1st July 2017 and the mandatory tax has been revised a couple of times. In this blog, we will be discussing on what are the…
GST was first regulated on 1st July 2017 and the mandatory tax has been revised a couple of times. In this blog, we will be discussing on what are the…
Unless you’re living under a rock, you know that starting or running a business in today’s world is not everyone’s cup of tea. With so much compliance to obey and…
The CGST Act mandates that businesses register according to the prevailing GST laws, depending on their turnover and the goods or services they produce and sell. When you register your…
HSN code refers to the ‘Harmonised System of Nomenclature.” This system was introduced across the world to classify goods systematically. This code is nothing but a uniform code of six…
On March 19, 2017, the Parliament of India passed the Goods and Services Tax (GST). The GST came into effect in July 2017. It is a multi-stage, comprehensive and destination-based…
What is the GST Return? A GST return is a tax filing document that a taxpayer is expected to file with the tax administration authorities, detailing all income/sales and/or expenses/purchases.…
GSTIN stands for Goods and Services Tax Identification Number, and it is issued to everyone who registers for GST. It is a one-of-a-kind 15-digit identifying number. The Tax Identification Number,…
Businesses have been busy completing GST returns on the web-based GST site. Unfortunately, due to a lack of understanding of GST regulations, most users have had a negative experience completing…
The introduction of GST in India has been widely acclaimed as a landmark reform in the nation’s tax system. It was introduced as a step to eliminate the need for double taxation…