GST is Goods and Services Tax which is an indirect tax that is imposed on supply of goods and services. It consolidates all the taxes at...

While it is mandatory to get registered under the GST Act for people having an annual turnover exceeding Rs.20 lakhs, individuals can...

GST is a destination-based consumption tax i.e. the tax is levied on the consumption of supply at the destination or at the point of...

The annual turnover of a business refers to the overall revenue generated from its sales and supplies throughout a fiscal year. This...

While making various transactions errors may take place. For reconciliation of these errors debit notes or credit notes are required as...

E-invoicing has become an important aspect of the compliance requirements for GST in India. There have been various amendments to the...

A pro forma invoice under GST is a document made before the actual sale of goods or services. This document is issued by the retailer or...

Suo moto cancellation of GST registration refers to the cancellation of GST registration under the GST Act by the tax officer in his...

What is the meaning of Composition Scheme under GST? Composition scheme is an alternative taxation levy under GST. It is an optional...

GST (Goods and Services Tax) is more than a year old now and right from its inception we have seen a lot of changes and amendments in the...

GST is a destination-based consumption tax which has been implemented in India w.e.f. 1.7.2017. The law is designed and implemented in...

The Goods and Services Tax (GST) in India is a broad-based indirect tax imposed on the supply of goods and services. It has replaced many...

GSTR-9 is an annual return to be filed by registered taxpayers under the Goods and Services Tax (GST). Since it is an annual return it is...

The Goods and Services Tax (GST) is a comprehensive indirect tax merging different central and state taxes and levies on the supply of...

Since its introduction in 2017, the Goods and Services Tax (GST) has significantly reshaped India's tax landscape. This consumption-based...

Under GST regime, Tax invoice is a very significant document It indicates the amount of GST and is also vital to claim input tax credit....

The Goods and Services Tax, GST, was launched in the year 2017 which eliminated almost all the forms of indirect taxation. Instead, a...

Goods and Services Tax is one of the most valuable and revolutionary indirect taxes imposed by the government of India post-independence....

A supply of goods or services whose place of supply is outside India and is made by a supplier in India is treated as Inter-State supply...

Goods and Service Tax (GST) is an indirect tax which is applicable on the supply of goods and services. The tax was introduced as a...