The Goods and Services Tax (GST) was implemented in India on July 1, 2017, replacing the earlier tax regime of Value Added Tax (VAT) and Central Excise Duty. GST was...
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On 08.03.2021, the Central Board of Indirect Taxes and Customs (CBIC), by way of a Notification No 05/ 2021, has reduced the turnover limit for GST E-invoicing. The said notification...
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After implementing GST (Goods and Service Tax) in India, it brings a significant change from the present tax regime. Unlike the past tax regime, it is completely free and transparent...
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The Ministry of Corporate Affairs or MCA, by way of a notification dated 05.03.2021, has notified that Aadhar Authentication for GSTIN will be made compulsory for the incorporation of company....
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The Goods and Service Network has decided to introduce the feature of Letter of Undertaking (LUT) for the financial year 2021 to 2022 on the GST portal. Further, the same...
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Recently, the CBIC or the Central Board of Indirect Taxes and Customs has notified an extension of sanction for pending IGST refunds in the cases where the records have not...
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Recently, the Union Budget 2021 was presented by our Union Finance Minister, Ms. Nirmala Sitharaman, on 01.02.2021. By way of the same, there were several minor changes made in the...
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Complying with the compliances proposed by the government is a mandatory requirement for every taxpayer or a person qualified. In this blog, we will discuss about the due date compliance...
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“Coming Out of Comfort Zone”, this could be the best name for the Financial Year 2020. In this year, we have seen a series on amendments in each law, starting...
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GST means Goods and Service Tax. The Transactions between related persons and other such activities is Treated as “Supply” under GST even if it is made without consideration. GST is...
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