The Goods and Services Tax (GST) is a comprehensive value-added tax system implemented in India in 2017, replacing the previous system of multiple taxes levied by the central and state […]
As per the GST act, a delay in GST Return Filing attracts a monetary penalty called Late fee. The penalty amount is determined depending on the types of returns filed […]
The introduction of the Goods and Services Tax (GST) on July 1, 2017, sparked a new era of thorough tax reporting procedures in the Indian business ecosystem. MSMEs and small […]
Businesses having turnover more than Rs. 5-Cr will soon come under the GST invoice. To this day, the threshold limit of e-invoicing is Rs. 20 Cr. Businesses that exceed the […]
GST council has revised GST rates for many items that may affect the pockets of common men. The revised GST rates will be applicable from July 18, 2022. The changes […]
GST (Goods and service tax) is an indirect sales or transaction tax that is levied when goods are bought and sold. As the name suggests it is applied to everything […]
The Central Board of Indirect Taxes and Customs (CBIC) has released the detailed notifications; stating the instructions for sanction, post-audit, and review of refund claims. Releasing the notifications, CBIC has […]
The Central Board of Indirect Taxes and Customs has issued a notification dated 26th of May, 2022 stating that businesses registered under composition scheme that couldn’t file their annual return […]