GST

GST-10

What is e-Way Bill & Rules to generate e-Way Bill?

E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another. This document is… Read More

GST-3

GST on Reimbursement / Pure Agent in GST (explained with examples)

For the purpose of determination of GST on Reimbursement, we first have to understand the meaning of a pure agent. The GST Act defines pure agent as a person including… Read More

gst-feat-6

TCS in GST @ 2% for sale through e-Commerce websites

To reduce the cases of tax evasion, the govt has inserted the provisions of TCS in GST for all sales which are done through e-commerce websites. The provisions of TCS… Read More

GST-1

GST Refund in case of Exports & Refund of Input Tax Credit in India

If any excess GST has been paid or there is any input tax credit which has not been utilised, a person can claim refund under Section 54 of the excess… Read More

TDS on Contractor

TDS on GST @ 2% on payment above Rs. 2.5 Lakhs

TDS @ 2% is required to be deducted on payment made to the supplier of taxable goods or services of both where the value of such supply under a contract… Read More

GST-10

Procedure for submission of Bond & LUT under GST for Exports

Export sales are considered as a case of Inter-state sale under GST and are therefore covered under the IGST Act. As per the IGST Act, the export of goods and… Read More

gst-feat-6

GST Audit mandatory above Rs. 2 Crores or if required by Dept

GST is a trust based taxation regime wherein the taxpayer is himself required to self assess his tax liability and himself pay the same without any intervention by the tax… Read More

feat - GST

Place of Supply in GST – Explained with 11 Practical Examples

Determining the Place of Supply of Goods or Services is very important as it would determine the nature of tax to be paid. In case the location of the supplier… Read More

GST-Registration

Practical Guide on GST Registration in India

GST has been implemented in India from 1st July 2017 and it replaces several indirect taxes like Service Tax, VAT, Excise etc which were levied earlier. The 1st and the… Read More

gst-feat-6

GST on Bloggers, Youtubers, Affiliate Marketers & Freelancers

GST is applicable in India from 1st July 2017 and it is also applicable to Bloggers, Youtubers, Affiliate Marketers and all other types of Freelancers and the rate of GST… Read More

gst-feat-6

How & When to raise a GST Invoice –Explaining all Practical Scenarios

A GST Invoice is one of the most important documents in any transaction as it evidences the supply of goods or services and also mentions all relevant details regarding such… Read More

Example

GST Input Tax Credit (ITC) – Explained with Examples

Input Tax Credit means claiming the credit of the GST paid on purchase of Goods and Services which are used for the furtherance of business. The Mechanism of Input Tax… Read More

GST Reverse Charge 2

GST Reverse Charge – Explained with 7 Examples and Infographics

GST Reverse Charge Mechanism (RCM) basically means that the GST is to be paid and deposited with the Govt by the recipient of Goods/ Services and not by the supplier… Read More

service-export

What is Duty Credit Scrip, Benefits and How to Sell them?

A Duty Credit Scrip is a scrip which can be used for the payment of Customs Duty (were earlier allowed to be used for the payment of Service Tax &… Read More