GST is a value-added tax system levied on the supply of goods and services. It is a destination-based tax system, meaning the tax is collected in the state where the goods or services are consumed. GST is charged at every supply chain step, from manufacturing to consumption, and is managed by the government through input…
As a business owner, managing taxes can be a daunting task. With the ever-changing tax laws and regulations, it’s easy to make mistakes that could cost you time, money, and even legal issues. It is where GST Consultants come in; they can help streamline your taxes and provide expert guidance to ensure your business remains…
Refund has always been considered as the most peculiarized feature of GST regime. The mechanism of sanctioning refund is an essential process as it facilitates trade through release of blocked funds. Refund of ITC is an integral part of GST. Due to technicalities involved, numerous efforts have been made to streamline and standardize the whole…
