Category: GST

The Goods and Services Tax (GST) Council, in its 28th GST council meeting, approved rate cuts for several consumer centric items such as cosmetics, refrigerators, washing machines, and small screen...

GST @ 18% is levied and TDS @ 2% is deductible on the Google Adwords advertisement expense. It is important to note here that some publishers are advertising through the...

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...

The classification of MSME for both goods and services organisation is done on the basis of the turnover and is as follows:- Classification Turnover Micro Enterprise Upto Rs. 5 Crores...

The day I qualified my CA Exams, I was on 7th heaven and very confident that clients would soon start coming to engage me for my services and there would...

The concept of GST is similar to that of VAT and Service Tax, which was applicable earlier. The only difference between the two is the mechanism of taking Input Tax...

An IEC Code is a 10-digit code Importer Exporter Code, issued by the Director General of Foreign Trade (DGFT), which is mandatory for every organisation who does or intends to...

GST Compensation Cess is an additional cess levied on certain notified goods in addition to GST applicable on it. GST Compensation Cess also known as GST Cess was introduced to...

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 anywhere in India...