Returns under Goods and Services Tax (GST) can be defined as a document or form in which the details related to income and its sources...

The Government of India introduced the GST Act in 2017 with the aim of simplifying the country’s taxation system. The main aim of the...

The Goods and Services Tax, GST, has replaced all other types of indirect taxes applicable to goods and services. Instead of VAT, service...

Discount is the sharpest weapon for promoting a product or a brand. The main purpose of discounts is to increase sales. Any deduction...

In the Indian Goods and Services Tax (GST) regime, it is important to accurately and timely record Business-to-Business (B2B) invoices to...

The Government of India allows taxpayers to file nil returns via SMS to simplify the GST return filing process. This means that taxpayers...

The 37th meeting of the GST Council held on 20th September 2019 has approved a standard format for invoicing i.e., E-invoicing....

Tax Collected at Source (TCS) under GST means an amount of tax collected by the e-commerce operators from the proceeds transferable to...

The Goods and Services Tax was introduced in July 2017 and it replaced all other forms of indirect taxes prevalent in India. The new tax...

If you have applied for GST registration, you must have received an ARN number, a unique code that indicates the authenticity of your...

The concept of GST, Goods and Services Tax, is not relatively a new one. The concept of a single tax called the Goods and Services Tax...

The term ‘Return’ means a statement of information that contains the details of income that a taxpayer is required to furnish to the tax...

Tax deduction at source (TDS) under GST i.e. giving the receiver money after subtracting from it taxes has been an age-old concept. But,...

A casual taxable person in India does not have to get permanent GST registration, instead, he can obtain GST registration for a limited...

Person deducting tax under GST is required to get compulsory Registration? Yes, the person deducting tax needs to take compulsory...

What is GST ? Goods and services tax is a tax on the supply of goods and services, or both. The few exceptions being Supply of alcoholic...

The existing system of e-way bill system had some practical challenges. Addressing these the GST authorities has made 4 changes in their...

The full form of GST is "Goods and Services Tax". GST is a comprehensive indirect tax introduced in India on 1st July 2017, replacing the...

Before understanding which taxes have been replaced by the GST in India, let us first understand the taxation system in India. The Indian...

Before discussing the Direct Taxes & Indirect Taxes in India, let us first understand what is the meaning of tax. What is a Tax? A tax...