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Following suggestions were compiled by Mr. Bimal Jain, towards making GST Return system and formats simplified for all taxpayers, which have been submitted to the Government ...

In this Article Author has given  15 tips on preparing  GST tax invoice for those who are Registered under GST Law- Page Contents1. Mention Name and Address on Your GST Tax Invoice2. Mention GST/GSTIN Number on Your GST Tax Invoice3. GST Tax Invoice Number4. Date of GST Invoice5. Recipient Details in GST Invoice6. HSN Code […]...

  A tax is a money or a financial charge that government charges on the income of the people.The tax that people pays to the government is used for the benefit of the country also government uses this money for paying to military & police.The money is also used for education programmes ,health care programmes ,etc...

Input tax credit is the mechanism in which the supplier paid the tax on purchasing the raw material, packaging material etc and paid tax on it. The input of purchasing is to be credited while calculating output tax at the time of sale. Input Tax credit is the backbone of GST & is one of the most important reasons for the introduction of G...

he official Gazette published have the amendments in relation to –Definition of supply, Input Tax credit, Refund, Registration, Issuance of debit/credit note, Cross utilization of credit, also amendments to schedules under CGST Act have been made....

Articles discusses Amendment in Central Goods and Services Tax Act, 2017 vide Central Goods and Services Tax (Amendment) Act, 2018 Amendment of section 7 of Central Goods and Services Tax Act, 2017 All forms of Supply of goods or services or both will be for consideration AND Furtherance of Business “(1A) where certain activities or tr...

Hello friends, greetings for the day in the current article we will discuss about GST Related Tax Provisions as applicable in case of non residents taxable person....

Goods and Service Tax (GST) in simple terms can be said to be an indirect tax, levied in India, on the supply of goods or services or both. Goods and Service Tax has been made applicable in India from 1st July, 2017 and the same has replaced various cascading taxes levied by the Central and State Government in India....

Goods and service tax has been made effective from 1st July 2017. On applying for registration under Goods and Service Tax, a registered taxpayer will be allotted 15 digits unique code which is known as GSTIN. Full form of GSTIN is Goods and Service Tax Identification Number. The present article highlights the structural format / parts of...

Let’s understand the amendments made in the CGST and IGST Act by way of CGST & IGST Amendment Act 2018 assented to by the President on 30.08.2018. A conversation between CFO and Indirect Tax Manager to discuss the amendments. Mr. Vinit, CFO of M/s Classic Care Limited a pharmaceutical company asked Mr. Vivek working as […]...