GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
GST Registration is mandatory for certain businesses in India. Read this article to understand the eligibility criteria for GST registration in India.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
A GST E-way bill has to be generated for individuals who want to transport goods that are worth more than INR 50,000 within the country. Read more here.
HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
The GST Composition Scheme is ideal for businesses with a turnover of less than Rs 1.5 crore in a financial year. Read all about the composition scheme here.
Input tax credit (ITC) under GST can be claimed by a registered person only if fulfils certain conditions. Read here to know all about the input tax credit.
Time of supply is the point of time when the goods are considered supplied. Learn the importance of time, place and value of supply under GST here.
What determines if CGST, SGST or IGST is applicable? What is Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST)? Read to know.