GST on pan masala and gutkha could be scrapped because of difficulties in administering the ITC (input tax credit) mechanism. This article discusses the latest information about GST on Pan Masala based on Installed Capacity or Actual Production. GoM’s Investigation into levying GST Odisha’s finance minister, Niranjan Pujari, led a group of ministers (GoM) set … Read more
Online Businesses in India have a huge scope. Especially after the pandemic, Indian Market is booming for online businesses. If you want to start online business or shift to online mode of your existing business, you must know about GST and GST Registration. Let’s understand the important concepts of GST for an online business. What … Read more
It is mandatory for a medical store to register for GST if its annual turnover is above a certain threshold. It’s Rs. 20 lakhs for all save the North-Easter Hilly states, which have a ceiling of Rs. 10 lakhs set by the GST Council. You will be learning how to apply for a GST Registration … Read more
A piece of positive news for taxpayers as CBIC has notified GST Return Filing Late fees waiver for GSTR4. This was done to provide convenience to small taxpayers. However, taxpayers must note that this relief is available for only a short duration. Therefore, you must not miss this golden opportunity to file delayed GST Returns. … Read more
Taxpayers can cancel GST Registration online. Your GST cancellation can also be ordered by tax officers. However, it’s important to know that GST cancellation is different from GST Registration or GST Modification. An in-depth explanation of GST cancellations and how to cancel GST Registration online is provided in this article. What does GST Registration Cancellation … Read more
Nowadays, most businesses operate with subsidiaries and branches spread throughout the various cities of India. Decentralization, along with collaboration, has helped various businesses and organizations to expand and therefore has helped optimize the efficiency of each of these processes. These businesses also have to maintain different account books and make separate profit analyses for their subsidiaries … Read more
In India, a firm can be owned, managed, and controlled by a single individual as a Sole Proprietorship. You get to retain all of the money or profits you make. It is also possible to avoid multiple taxes in India because of the advantages of single proprietorships. Only in your own name will you be … Read more
E-Way Bills on the GST portal make it easier for items to be transported from one location to another. An electronic invoicing system or e-invoicing system was also implemented at the GST Council at its 35th meeting. Hence, E-Invoicing under the GST Regime is an important concept that you must know. In this article, you … Read more
India has the second-largest road network in the world, with a total of 5.23 million kilometers of roadway. Only 2% of the country’s overall road network is designated as a national highway, although it carries 40% of the country’s total traffic. Roads carry 65% of freight and 80% of passenger travel, which is a fascinating … Read more
Nowadays, most of us spend hours on social media. Social media is the simplest way to stay connected with friends, family members, and office colleagues. It is also considered the newest way to remain updated about the various things happening around the globe like new product launches, current affairs, and the latest trends. So now, … Read more