GST

GST on Advertising Services

gst on advertising services

As we know Advertisement plays an indelible part of business growth and acts as a tool for communicating the products and services offered by the seller to its prospective buyers. Since there are diverse ways in which advertisement services are provided, it becomes important to understand their taxability provisions from the GST perspective. In this … Read more

TCS functionality on GSTR-8 Return enables for GST Composite Taxpayers

How GST applies to flat owners

The Central Board of Indirect Taxes and Customs (CBIC) have provided the new GST  functionalities for TCS, Composition Taxpayers and e-commerce operators. Let’s understand in detail –  Recently the goods and services network (GSTIN) portal has made some new GST functionalities for TCS. This has made some relaxation in the GST return filing procedure for … Read more

GST on Security Services 

GST on security services

As we know the security services play a vital role in every sector like technical Security Services, personal security services, event management security services etc. Also, it ensures to protect against crimes. From the date of the implementation of GST i.e 1st July 2017 till 31st December  2018, GST on security services was payable by … Read more

41st GST Council Meeting on GST Compensation to States 

gst compensation to states

 The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”.   Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more

Aadhar authentication mandatory for GST Registration

Aadhar mandatory for GST Registration

With the period of time, the GST department took several steps to smoothening and fasten the GST registration process for the business taxpayers. Now, the Central Board of Indirect Taxes issued new guidelines that require Aadhar mandatory for GST Registration and  Aadhaar Authentication by an OTP in the GST Registration application. The government has issued … Read more

GST on Transport

gst on transport

As we all know, Transportation plays a vital part in the economy, as any difficulty in transportation disrupts the entire business channel. However, as per the National Highways Authority of India, about 65% of freight and 80% of passenger traffic is transported roads. Transportation of goods by road taken by transporter or courier agency. In … Read more

How to Sell Products on Amazon

how to sell products on amazon

In the era of digitalization, many online platforms have opened the door for an online platform to sell and purchase goods and services. As we all know, Amazon is one of the highly-rated e-commerce portals where one can easily sell and buy products online. Amazon India was launched in the year 2013 and presently trades … Read more

Ban on Deemed Approval of GST Registration Lifted

Deemed Approval of GST Registration

The GST department has recently announced that the ban on deemed approval of GST Registration shall now be lifted soon. As we know that the country was under complete lockdown since 25th March 2020, on account of COVID-19 pandemic. There were many people who had filed applications for GST Registration, which were being deemed approved … Read more

All About Late fee on GST Return Filing

GST return filing late fee

The 40th GST council meeting had cleared regarding the late fee on GST return filing. We shall today discuss the minutes regarding the GST late fee. Great Relief! Businesses can file GSTR-3B without DSC during COVID-19 Lockdown Interest on Late GST return filing Taxpayers can file returns thanks inside March, April, and May 2020 by … Read more

Last Chance for revocation of Cancellation of GST Registration!

Cancellation of GST Registration

The Ministry of finance of the Indian government has passed one announcement. This is regarding the revocation of the cancellation of GST registration. Let us understand in detail regarding the one time chance for revocation of cancellation of GST registration.   Guidelines for Cancellation of GST registration As per the subsection (2) of section 29 … Read more