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GST

A contra entry is an entry that is recorded when both the debit and credit affect the same account and which results in a...

GST

The registered taxpayers who avail benefits of the notification No. 2/2019-Central Tax (Rate) dated 07th March 2019 or pay tax under the provisions of...

GST

Every Input Service Distributor who is registered on the GST portal as a taxpayer entity or individual needs to file for GSTR 06 monthly....

GST

Every non-resident Indian who is eligible for filing GST returns in India needs to fill out form GSTR 5 for tax purposes. A non-resident...

Finance News

Business

It is the Indian Government that has introduced MSME full form Micro, Small, and Medium Enterprises in contract with Micro, Small, and Medium Development (MSMED) Act...

GST

The full form of LUT is “Letter of Undertaking” that has been laid down to be furnished in form GST RFD 11 under rule...

GST

Filing GSTR 8 is a must for every e-commerce operator who is needed to accumulate TCS (taxes at source) for all the taxable supplies made through...

Business

One of the major objectives of the government in this economy is to increase the ease of business by providing financial assistance to businesses....

Accounting News

GST

What is PMEGP Scheme? The PMEGP or the Prime Ministers Employment Generation Programme is a scheme that is introduced by the Ministry of Micro,...

GST

What Is GST Compensation CESS? GST – Goods and Services Tax – was implemented in India in July 2017 to replace the country’s previous...

GST

Any business enterprises that register under Goods and Service Tax (GST) must follow rule 39 of CGST/SGST. Every business owner will be aware of the...

GST

Rule 37 in GST is nothing but the situation that leads to the reversal of ITC when a registered individual with ITC does not...

GST

What Is A Works Contract? As per the U/S 2(119) of the CGST Act, a “work contract” is a contract for the building works,...

GST

Goods and Service Tax usually known as GST is the value-added tax that is imposed on a majority of the goods and services traded...

GST

The GST registration is the process in which the businesses have to register under GST as a normal taxable person if their turnover exceeds...

GST

What Is GST Late Fees? The Goods and Services Tax is an integrated tax system that came into effect on July 1, 2017, and...

GST

What is nil GSTR? If you have not made outward supply (normally known as selling) and have NOT secured any inward supply (usually known...

GST

What are GST rules and how many rules are there in GST Act The secondary law contains a Rule, a Regulation, and an Order....

Accounting

When you want to collate all your ledger accounting in one place, we recommend the best practice to you. Yes, you must know what...

GST

What Payments Are To Be Done Under GST?  As India moves towards digitization, GST payment has facilitated collecting taxes easily and systematically. All taxpayers will receive...