E-way bill is a document which has details like name of consignor and consignee, their GSTIN numbers (if they are registered), description and value of goods in the consignment and transport details. E-way bill has to be generated before initiating the movement of goods, and the transporter needs to carry it along with invoice during […]
Is Income Tax Filing nothing more than just paying taxes? Think twice. Several benefits are available on filing ITRs, which are not available otherwise.
According to sec 2(13) of IGST Act, intermediary is a broker or an agent who arranges or the supply of goods or services or securities, between two or more persons. But an intermediary shouldn’t supply such goods or services or securities on his own account.
Registered taxpaying businesses, choose your suppliers carefully. Under Goods and Services Tax (GST), your ability to receive input tax credit (ITC) hinges on your suppliers:
Do you get confused between CTC and Take Home Salary? Are you unable to grab higher in-hand salary even after HR promised huge CTC during the interviews? I have prepared a little secret called “Secret to Higher Salary – Don’t negotiate CTC” through which you can understand why high CTC doesn’t mean high salary.
Imagine an entity operating on large scale in a metropolitan city, and issuing 100s of invoices to its customers, MANUALLY. Yeah, you heart it right! It seems so unpractical to even imagine of any such scenario but many of the business entities are still doing their operations manually even after 6 months of GST implementation. […]
Tagged as biggest indirect tax reform of Independent India, GST aims at ease of business doing. Since there is only one tax on supply of services and goods, regulatory environment is expected to be very helpful for starting and operating the business. Amidst this, companies have to ensure that they do not indulge in any […]
For last so many days, there has been only one discussion – Was demonetisation a successful step to curb black money? “99% currency comes back to banks” has ignited a new flame to this discussion. Before discussing about whether demonetisation is a success or failure, let’s talk about what all fields did demonetisation hit – […]
GST has brought several issues for the taxpayers in form of changed bill formats and higher tax burden. Businesses are still unable to understand the details that need to be put in the invoice.
How discounts will be dealt with under GST? Offering trade and cash discounts is an in-built promotional scheme of almost every entity. Companies generally offer trade discounts to increase the sales, while cash discounts are given to recover the payments speedily.
