Goods and Services Tax (GST) registration is essential for businesses to maintain their smooth and sustainable operations. GST is an indirect tax launched by replacing other taxes like service tax, VAT, and excise duty. For established businesses or even start-ups,…
Introduction With the annual GST return filing deadline approaching, it’s time for businesses to turn their attention to GSTR-9 and GSTR-9C, two key returns required to complete the GST compliance process for the financial year. These annual returns offer a…
In the fast-paced global marketplace, expanding businesses across borders is a common strategy for growth and sustainability. India, with its burgeoning economy and vast consumer base, presents a lucrative opportunity for international businesses looking to establish a presence in the…
Any service provider that provides a total service value of more than Rs 20 lakh in a year, requires GST registration. Any business which is engaged in the supply of goods having a total turnover of more than Rs 40…
GST council in its 39thmeeting held on 14th March 2020 at New Delhi had a detailed discussion on the matter “Increase in rate of Textiles” etc. to correct the inverted duty structure prevailing in the industry. But it was…
To bring clarity to the provisions of GST and to reduce the ambiguity of the law, Advance Ruling Authority (AAR) was established. An Advance ruling is a written decision provided by the Authority or the Appellate Authority to an applicant…
Uninterrupted and seamless flow of input tax credit (ITC) is one of the key features of the Goods and Services Tax (GST) law. It is a mechanist avoid cascading taxes. As per the provisions of GST Law, every registered…