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