GST return filing

GST Registration for Amazon Sellers

GST Registration for Amazon Sellers

GST Registration for Amazon Sellers is mandatory in India. As we all know, Amazon is an online selling platform. It provides a common platform for both sellers and buyers. It helps sellers deliver products and services worldwide. Similarly, using Amazon buyers can buy products anywhere in the world. In fact, it is one of the … Read more

Impact of GST on property rented for commercial purposes

Impact of GST on property rented for commercial purposes

Rent payment is one of the most famous expenses in any industry. GST (Goods and Services Tax) is charged on rent in many cases. This article gives all the information about the impact of GST on property rented for commercial purposes and other details. Impact of GST on rental fee The implementation of GST (Goods … Read more

New functionalities to be deployed on GST Portal from July, 2021

New functionalities to be deployed on GST Portal from July, 2021

The new functionalities to be deployed on the GST portal will be available from July 2021. In order to provide the best and hassle-free experience for taxpayers, the government is providing these new functionalities. These new functionalities are deployed on the GST Portal. Let’s look at these new functionalities deployed on the GST Portal in … Read more

Centre gives opportunity to File GST Return without penalty

Centre gives opportunity to file GST returns without penalty

Good news for taxpayers as the Centre gives the opportunity to file GST Return without penalty. As we all know, Many businesses in India have not filed GST Returns. The reason being complexity in GST return filing compliances. Therefore, to relieve the taxpayers the Government has announced an amnesty scheme. In this article, we will … Read more

Types of GST in India – CGST, SGST, IGST, and UTGST

Types of GST in India - CGST, SGST, and IGST

When you buy products or avail of services that fall under the GST Registration, the supplier or the person providing the service will charge and collect both the CGST and SGST, and IGST. The central government will collect the GST on all goods and services except a few exempt items. The GST is charged on the … Read more

GST on Cryptocurrency? Overseas exchanges may face 18% tax

GST on Cryptocurrency Overseas exchanges may face 18% tax

India is among the countries where cryptocurrencies are not considered assets and, therefore, not liable for capital gains tax. The department of indirect taxes has asked some Bitcoin exchanges to provide information regarding their customer bases to determine whether or not they should be required to pay GST on Cryptocurrency on specific services along with … Read more

QRMP Scheme Changes implemented on GST Portal for the taxpayers

QRMP Scheme Changes implemented on GST Portal for the taxpayers

The CBIC has introduced the QRMP Scheme. The QRMP scheme changes are now implemented on the GST Portal for the taxpayers. The QRMP scheme primarily focuses on helping taxpayers having a turnover of less than Rs. 5 Crores. Therefore, it is an important update for MSMEs. In this article, we will look at QRMP Scheme … Read more

GST Collection in June 2021 Slips Below Rs 1 Lakh Crore

GST Collection June 2021 Slips Below Rs 1 Lakh Crore

The GST Collection in June 2021 is shocking and was expected figures at the same time. It is estimated that GST Collection in June 2021 has fallen significantly. Experts estimate that the reason is, of course, none other than lockdown due to Covid-19 Crisis. As we all know, most of  India was under lockdown due … Read more

GST on Supply of Electricity

GST on Supply of Electricity

As we know GST on the Supply of Electricity is confusing to many people. The reason is it is hard to qualify Electricity as a good or service. Also, whether or not a tax is payable in combination with the delivery of power combining with some other service components to clients. Therefore, in this article, … Read more

List of Documents Required for GST Registration in India

List of Documents required for GST Registration in India

The Central Board of Indirect Taxes and Custom has stated that the businesses whose annual turnover is less than 40L need not go for GST Registration. Further, the documents vary as per the business, and here you will get comprehensive information of the same. In general, the essential documents for GST Registration are Aadhar Card, PAN … Read more