25 Feb, 2023
In this article, we will discuss the applicability of Goods and Services Tax (GST) on the value of gifts and samples given by businesses. The GST regime in India has specific provisions related to the valuation of gifts and samples, and it is important for businesses to understand these provisions to ensure compliance. What is […]
Read More25 Feb, 2023
In this article, we will discuss the advisory issued by the Goods and Services Tax Network (GSTN) regarding the new e-invoice portal launched under the Goods and Services Tax (GST) regime in India. The new portal is expected to make the e-invoicing process more seamless and efficient for businesses. What is the New e-Invoice Portal? […]
Read More25 Feb, 2023
In this article, we will discuss the importance of geocoding addresses under the Goods and Services Tax (GST) regime in India. Geocoding refers to the process of converting an address into geographic coordinates that can be used for location-based analysis. Why is Geocoding of Address Important under GST? Under GST, businesses are required to file […]
Read More25 Feb, 2023
In this article, we will explore the exemptions on goods and services tax (GST) for bouquets in India. As a business owner, it’s crucial to understand the exemptions and requirements for GST to ensure you comply with the regulations and avoid any penalties. What are Bouquets? Bouquets are a popular gift item, especially during special […]
Read More25 Feb, 2023
In this article, we will explore the exemptions on goods and services tax (GST) for milling services in India. As a business owner, it’s crucial to understand the exemptions and requirements for GST to ensure you comply with the regulations and avoid any penalties. What are Milling Services? Milling services involve the processing of raw […]
Read More25 Feb, 2023
Filing GST returns can be a daunting task, especially if you are a new business owner in India. The Goods and Services Tax (GST) was introduced in India in 2017, replacing the complex system of multiple indirect taxes that were levied by the Central and State governments. The GST is a comprehensive, destination-based, and consumption-based […]
Read More25 Feb, 2023
The fees charged by a Chartered Accountant (CA) for applying for a Goods and Services Tax (GST) number may vary depending on several factors. Firstly, the CA’s level of experience and expertise in handling GST-related matters may influence the fee they charge. Typically, a more experienced and skilled CA may charge a higher fee for […]
Read More25 Feb, 2023
Goods and Services Tax (GST) has brought about significant changes in the way taxes are levied and collected in India. However, businesses often face challenges while claiming refunds of the GST paid on their inputs or exports. In this article, we will discuss refund claims under GST for tax and input tax credit (ITC) and […]
Read More25 Feb, 2023
In the world of Goods and Services Tax (GST), businesses are required to file refund claims for any excess input tax credit or tax paid on exports. However, the process of claiming refunds can be complex and often results in deficiencies identified by the authorities, which can lead to a delay or denial of refunds. […]
Read More19 Feb, 2023
Certainly, the following is the summary of the press release issued by the Central Board of Indirect Taxes and Customs (CBIC) on 18th January 2023: These are the key announcements made by the CBIC in the press release dated 18th January 2023.
Read More