26

Jul

No TDS shall be deductible on GST component of Invoice

Posted By: E-StartupIndia

  No TDS shall be deductible on GST component of Invoice Recently the Central Board of Direct Taxes (CBDT) clarified that the GST paid on services will be excluded from the scope of TDS provisions when in the GST portion is shown in the i

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24

Jul

Biz must display GSTIN on its sign boards

Posted By: E-StartupIndia

Biz must display GSTIN on its sign boards  With the new Goods and Services Tax law in the country, the government has made it mandatory for traders and businesses to display their GSTIN on their business sign boards. GSTIN is now one of the bas

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22

Jul

GST ON JEWELLERY

Posted By: E-StartupIndia

GST ON JEWELLERY Everyone is looking to find the impact of GST on their pocket. What will be the long as well as short term effect of GST on their budget, has become a matter of discussion. One is trying to know the pros and cons of GST on different

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21

Jul

GST on Restaurant Services

Posted By: E-StartupIndia

The Goods and Service Tax commonly known as GST subsumed 17 indirect taxes including cess as well and implements a single and uniform tax regime all across the nation. According to a recent restaurant industry research, the size of the food industry

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21

Jul

Supply of Goods in Trade Exhibitions in other states

Posted By: E-StartupIndia

Every business in India engaged in the taxable supply of goods or services whose gross turnover exceeds the prescribed limit (threshold limit) of Rs. 20/10 Lakhs (as the case may be) will be required to get register under Goods and Service Tax (GST)

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20

Jul

Impact of GST on Travel Industry

Posted By: E-StartupIndia

The new Goods and Services Tax law has good and not so good effects on the market depending upon the tax levied on different sectors and industries. Blown up as the biggest tax reform in India in 70 years of independence, the government has levied mu

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19

Jul

Invoice under e-commerce sale

Posted By: E-StartupIndia

Invoice is one of the major documents for maintaining Books of Accounts.  Goods purchased from E-Commerce sites are levied with multiple taxes but under GST, a single tax will be imposed on every transaction. The e-commerce sites provide a platf

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19

Jul

Is unregistered business indirectly forced to get GST registration?

Posted By: E-StartupIndia

Every business engaged in the supply of goods or services and whose total turnover of the business exceeds the prescribed threshold limit of Rs. 20 lakh/ 10 Lakh as applicable will be required to get register under the new indirect tax regime called

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12

Jul

What will happen if goods transport without GST invoice

Posted By: E-StartupIndia

Union Government has defined total 21 offenses under GST. For easy understanding these have been classified into five sub categories, these are:- Fake/wrong invoices Fraud Tax evasion Supply/transport of goods Others If

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12

Jul

How to raise tax invoice under GST regime?

Posted By: E-StartupIndia

Goods and Services Tax (GST) has removed other indirect taxes from the country. It has made a single unified tax system in the country making the tax system easier than previous. In this article, we will deal about how to raise invoice under GST. In

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