GST

GST on Brick Manufacturers

GST on Brick Manufacturers

According to the government’s March 31 announcement, the 45th GST Council Meeting’s suggested modifications on construction bricks, earthen or roofing tiles, fly ash blocks, as well as bricks of fossil fuels, are in effect from April 1, 2022. In this article, you will know about GST on Brick Manufacturers. Updates for GST on Brick Manufacturers … Read more

All about E-invoicing under GST

All about E-invoicing under GST

E-invoicing or electronic invoicing is a simple b2b tax invoice that is usually issued by every registered tax being business or taxpayer. Under the system, a specific and unique identification number will be issued against every GST invoice by the IRP, which is managed and controlled by the GST Network (GSTN). Once the bill is … Read more

GST Return Filing for SEZ units

GST Return Filing for SEZ units

Due to the fact that GST and the e-way bill will have an impact on everyone, SEZs are also included in the scope of the changes they bring. If your business is in SEZ or you want to set it up there, you must know about the GST Return Filing for SEZ Units. This article … Read more

Online Process of Filing NIL GST Return in India

Online Process of Filing NIL GST Return in India

GST Return Filing is mandatory for everyone who has GST Registration in India. It is compulsory to do GST Return Filing no matter the business turnover, profitability, or revenue in a month.  Taxpayers are required to file NIL returns even if they indicate that they have not issued any invoices for their registered firm at … Read more

Difference Between GST and VAT

Difference Between GST and VAT

The introduction of the Goods And Service Tax has overshadowed the other taxation systems like excise duty, service tax, and VAT. It was implemented on the 1st of July 2017 under the unique ideology, ‘one nation, one tax’. In this article, you will understand the difference between GST and VAT. The aim of introducing GST … Read more

Types of Invoices Under GST

Types of Invoices Under GST

GST or goods and service tax was launched on the 1st of July 2017. The tax has replaced almost all the indirect taxes in India. It is mandatory to issue an invoice or bill of supply when the supply value is more than Rs. 200 under GST Registration in India. There are several types of … Read more

Advantages of Dual GST Model in India

Advantages of Dual GST Model in India

India implements a dual GST, with the Center and States taxing goods and services at the same time. GST is a unified tax based on the principle of “One Nation, One Tax.” The absence of the cascading impact of various taxes and the smooth flow of Input Tax Credit is the most significant benefits of … Read more

Benefits of GST on Business and Consumers

Benefits of GST on Business and Consumers

GST is an indirect tax imposed on the supply of goods and services in India. The GST has lowered the burden of many taxes and placed them under one roof, benefiting Indian consumers and companies. Hence, there are several benefits of GST on Business and Consumers. In this article, you will understand GST Registration and … Read more

GST E-Invoicing Turnover limit Reduced

GST E-Invoicing Turnover limit Reduced

The government has expanded the mandate for e-invoicing or real-time reporting of business-to-business sales to all businesses. Currently, those with sales of more than 50 crores are required to use e-invoicing. However, with the latest notification, the Central Board of Indirect Taxes and Compliance has decided that the latest changes will take effect on April … Read more

Is GST Registration required for Startups?

Is GST registration required for startups

GST Registration is an indirect taxation system in India. It is completely online and thus offers several advantages for startups. Many entrepreneurs also opt voluntarily for GST Registration in India for several reasons. In this article, you will learn Is GST Registration required for startups? What is a Startup? In simple words, Startups are companies … Read more