GST

What are the benefits of gst registration under law

What are the benefits of gst registration under law

GST is known as one of the most beneficial revolutions for the Indian economy as per the Indian Government. It has subsumed multiple indirect taxes such as excise, VAT, and service tax. This  article discusses the benefits of GST Registration under law. What is GST? GST stands for Goods and Services Tax. It is imposed … Read more

CBIC notifies GST rate changes, effective from July 18

CBIC notifies GST rate changes, effective from July 18

An important update for taxpayers and businesses as CBIC has notified new GST Rate Changes. These rate changes were recommended by the GST Council. The 47th GST Council Meeting was held in Chandigarh for two days i.e. 8th and 29th of June 2022. The GST Council Meeting announced several new changes and one of the … Read more

GST on Apparel, Clothing and Textile Products

GST on Apparel, Clothing and Textile Products

India’s garment industry is among the oldest and biggest contributors to the nation’s economic growth in terms of GDP, employment, and export promotion. Both skilled and unskilled employees are employed in the textile industry, one of the nation’s oldest and second-largest manufacturing sectors. As a result, businesses must understand about GST on Apparel, Clothing and … Read more

GST Exemptions Withdrawn on various consumable items and services

GST Exemptions Withdrawn on various consumable items and services

The GST Council has suggested numerous significant modifications and reforms to GST rates for the supply of goods and services in addition to GST laws and procedures. The guidelines on GST rates will take effect from July 18, 2022 as well as those that relate to GST procedure and law will be in effect from … Read more

E-Commerce can apply for Composition Scheme under GST Registration

E-Commerce can apply for Composition Scheme under GST Registration.

In a move that could help those in the unorganized sector The GST Council has decided to give a massive relief to businesses. The GST Council has decided to allow small E-Commerce Sellers to not have GST registration or apply for composition scheme. This means GST Registration is now not mandatory for some small businesses … Read more

GST Registration can not be canceled for non-filing of GST Returns

GST Registration can not be canceled for non-filing of GST Returns

However, as per the recent judgment from the Madras High Court, GST Registration can not be canceled for non-filing of GST Returns. This article guides you all about the latest news of GST Registration can not be canceled for non-filing of GST Returns. What is GST Cancelation? GST Cancelation simply means that the taxpayer will … Read more

47th GST Council Meeting – Latest GST Updates and Highlights

47th GST Council Meeting – Latest GST Updates and Highlights

Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, led the 47th GST Council meeting in Chandigarh. Along with top officials from the Ministry of Finance and the States/UTs, Union Minister of State for Finance Shri Pankaj Choudhary also attended the meeting. The council members talked on a variety of GST-related issues, such as … Read more

GST on online gaming, casinos and horse racing to be 28% or higher

GST on online gaming, casinos and horse racing to be 28% or higher

Indian state finance ministers have requested that the goods and services tax (GST) be increased by 10% to the highest slab rate of 28%, which is anticipated to hurt the country’s fledgling online gaming industry. This article will update you about the latest news of GST on Online Gaming. Latest Survey for GST on Online … Read more

What are the benefit for applying for the gst number in india

What are the benefit for applying for the gst number in india

GST stands for Goods and Services Tax and it is an indirect taxation system in India. Every business in India if eligible needs to get GST Registration. GST Registration Online is the process in which the taxpayers gets a unique GST Number or GSTIN. There are several benefits for applying for the GST and GST … Read more

Easy and Complete Guide on GST Registration for Freelancers in India

Easy and Complete Guide on GST Registration for Freelancers in India

The Goods and Services Tax (GST) was introduced in India to make the country a single market. However, with the rush of new businesses and freelancers in the market, the subject of GST has always been confusing for all. This article is an easy and complete guide to GST registration for freelancers in India. How … Read more