GST

The Goods and Services Tax (GST) of India constitutes a revolutionary tax reform. Its objective is to streamline the convoluted indirect taxation system within the nation. Amongst various integral components, we emphasise here one—the GST return. This element plays a vital role in ensuring compliance as well as facilitating revenue collection.  This article will explore …

GST Return – What is GST Return? Who Should File & Types of GST Returns Read More »

GST emerged on the horizon with a clear mission: to lighten the load of taxes and rein in inflation rates. It brought together a medley of taxes into a single, cohesive system. GST is a uniform, multi-stage, destination-based tax that casts its net wide, encompassing every value addition in its embrace. The Goods and Services …

Structure of GST in India: Detailed Explanation on GST Tax Structure Read More »

GST, Goods and Service Tax in India, has changed how taxes are collected and applied. It’s like a big umbrella that covers various types of taxes. But have you ever wondered how it affects labour charges?  Labour is vital to many businesses, and understanding how GST on labour charges works, can help us see how …

GST on Labour Charges in India: Types of Labour Contracts, Application, and GST Rates Read More »

When discussing the Goods and Services Tax (GST) registration in India, the Letter of Authorization emerges as a powerful tool to facilitate and expedite the process. This article will take you on a comprehensive journey through the Letter of Authorization for GST Registration, offering insights into its significance, providing a clear format, and presenting practical …

Letter of Authorization for GST Registration: Meaning, Structure with Example Read More »

While dealing with the import and export of goods in the context of GST, the Bill of Entry takes center stage. The Bill of Entry is a guiding beacon for businesses, helping them navigate the complex terrain of India’s Goods and Services Tax (GST) framework easily and confidently. We’ll underscore its pivotal importance within the …

What is Bill of EaWhat is Bill of Entry in GST? Meaning, Types & Process Read More »

GST, or Goods and Services Tax, was introduced in India in 2017. The indirect tax is imposed on supply of goods and services on every value addition. GST had replaced most legacy indirect taxes such as value-added tax and excise duty. Under the GST, the place of supply is the location where goods are delivered …

Place of Supply in GST: Impact on Taxable Transactions and How to Determine Read More »

In the complex landscape of goods and services taxation, an e-way bill emerges as a pivotal instrument, streamlining the movement of goods across state lines.  In this comprehensive guide, we’ll explore the intricacies of the e-way bill system, from its meaning and purpose to the rules governing it and how to create one.  What is …

E-Way Bill System: Meaning, Rules, and How to Generate It Read More »