Category: 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...

Practical Guide on GST Registration in India

in GST

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...

GST on Service Providers, Bloggers, Youtubers & Freelancers

in GST

GST is applicable in India from 1st July 2017 and it is also applicable to Bloggers, Youtubers, Service Providers and all other types of Freelancers and the rate of GST...

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

in GST

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...

GST Input Tax Credit (ITC) – Explained with Examples

in GST

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...

GST Reverse Charge – Explained with 7 Examples and Infographics

in GST

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...

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

in GST

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 &...

GST – Page 3 – Chartered Club