Overview of GST Refund GST Refund- Goods and services tax is about smooth cash flow and regulatory compliance, making it easier to do business in India. To ensure this stable flow, the government must establish a barrier-free refund system. The current tax structure is very cumbersome, and national tax refunds can take months or even …
Overview of GST for eCommerce Sellers GST for eCommerce Sellers in which e-Commerce platforms such as Amazon, Flipkart, and Snapdeal are expanding rapidly. These platforms allow other sellers to sell on these platforms. To be able to sell on these platforms, sellers must register for GST. This is a complete guide for people who wish …
What is GST? GST is an indirect tax that has replaced all the prevailing indirect taxes suitable until now. It is mainly a mixed form of all the other taxes which will cater for a single and streamline the method. After the introduction of GST, it essentially gives the thought of ‘One nation one tax’.The …
GST registration is mandatory for all entities involved in the buying or selling or providing of services in India. Our experienced Chartered Accountants are offering GST Registration In Delhi, Bangalore, Pune, and in all other states of India. GST (Goods and Service Tax) is a tax levied when a consumer buys goods or services. The main …
What are the Eligibility Criteria for GST Registration? The below mention person/entities are Document Required for GST Registration – Any business entity whose aggregate turnover in a financial year exceeds Rs 40 lakhs (Rs 20 lakhs for special category states in GST). Note-This clause does not apply if the entity is only dealing in supply of goods/services …
E-Way Bill System: E-Way Bill Becomes Mandatory : GST In a bid to bring uniformity across the states for seamless inter-state movement of goods, the government is set to implement the electronic way bill or e-way bill system from February 1. E-way bill is a system generated bill which every transporters, exceptions in some cases, will have …
Changes in GST that will impact your business In a major overhaul under the GST, there are changes in GST that will impact your business. It’s important for you to remain updated with them so that you don’t do lose out anything or do any wrong for your business as well as customers. Bringing smiles for consumers, …
1. What is a GST Return? A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes: Purchases Sales Output GST (On sales) Input tax credit (GST …
What Is GST Input Credit? [AdSense-B] First of all, let us know what is GST Input Credit. Well, GST Input credit is nothing but a balance of the amount of tax you paid at the time of purchasing goods that is kept safe until you pay your tax for your output. Now, when you pay your …