GST return filing

GST Registration for E-Commerce

GST Registration for Ecommerce

E-Commerce business is the new and one of the most valuable business platforms these days. It has been found in a survey that almost 80% of the population on the internet has bought something from these E-Commerce stores. However, it involves a complex taxation system. For instance, GST Registration for E-Commerce confuses many. Therefore, In this … Read more

GST Compensation: Centre releases 75000 crores to states, Uts

GST Compensation Centre releases 75000 crores to states, Uts

A finance department has released Rs 75 thousand crores nowadays to Uts and States with the government under the end-to-end loan ability in lieu of GST compensation. The authority has rented and provided to states Rs 75000 crore to create up for the deficit in their proceeds as of the GST execution. The finance department … Read more

A Rise in e-Way Bills Indicates Increased GST Collections in July 2021 

A Rise in e-Way Bills Indicates Increased GST Collections in July 2021

E-way bills are a crucial part of indicating business activities in India. Interestingly, we are seeing a Rise in e-way bills in our nation. Hence, A Rise in e-Way Bills also indicates Increased GST Collections in July 2021. In this article, we will get to know about this increase in the generation of e-Way bills. … Read more

GST Registration for Restaurants

GST Registration for Restaurants

GST Registration for restaurants is more important than ever. The reason is restaurants are booming everyday. Thanks to additional support of Food Startups such as Zomato and Swiggy. This leads to generation of business and therefore, the Government imposes various taxes. In this article, we will cover GST Registration for Restaurants. In addition, we will also … 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

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