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...
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A contra entry is an entry that is recorded when both the debit and credit affect the same account and which results in a...
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...
Every Input Service Distributor who is registered on the GST portal as a taxpayer entity or individual needs to file for GSTR 06 monthly....
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...
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...
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 has become a huge stress factor for dealers and taxpayers from 1st July 2017 because of its compliance requirements. However, as per industry...
Goods and Services Tax (GST) is compulsory for businesses that supply goods and whose annual turnover is more than INR 40 lakhs. Every cement...
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,...
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...
The GST registration is the process in which the businesses have to register under GST as a normal taxable person if their turnover exceeds...
What Is GST Late Fees? The Goods and Services Tax is an integrated tax system that came into effect on July 1, 2017, and...
What is Rule 42 of CGST/SGST rules? Both rule 42 & 43 of CGST/SGST rules relates to ITC reversal. The manner for determining and...
What is nil GSTR? If you have not made outward supply (normally known as selling) and have NOT secured any inward supply (usually known...
What are GST rules and how many rules are there in GST Act The secondary law contains a Rule, a Regulation, and an Order....
What is the cost of capital? Cost of capital is the gain needed to realize an investment budgeting effort worthwhile, for example, the construction...
What is GSTN? A GSTN, also known as a Goods and Services Tax Identification Number (GSTIN), is a unique identifier assigned to a company...
When you want to collate all your ledger accounting in one place, we recommend the best practice to you. Yes, you must know what...
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...
