GST has replaced most other indirect taxes like service tax, VAT, central excise duty, additional customs duty, surcharges and octroi.
Understanding reverse charge mechanism can help businesses surmise their transactions in a more comprehensive manner.
GST Registration is mandatory for certain businesses in India. Read this article to understand the concept of GST, its types. benefits, your eligibility criteria for GST registration in India, and more.
Both the online and the offline modes of GST payment are convenient in their time ways. What all steps are required for registering to GST payments online? What is the time frame that individuals get for registering online? Read more to find out.
Investment in gold and gold jewelry has been the go-to opportunity in India for some time. Though it has its benefits, it has its share of detriments as well.
The generation of an e-way bill is essential for the movement of goods within or outside the state limits. Read more here.
There are three types of GST returns, namely – GSTR-1, GSTR-2A, and GSTR-3B. Read more on what GST returns are and how you can file for one online here.
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.
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.