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...
MOREOn 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...
MOREAfter 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...
MOREThe 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....
MOREThe 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...
MORERecently, 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...
MORERecently, 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...
MOREComplying 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...
MORE“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...
MOREGST 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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