The service sector in the country amounts to a considerable share in the GDP and its performance is critical. The service sector in the country is characterized by series...
The main difference in the existing tax structure and the GST is that the new regime will put an end to multiple taxes levied on different products and services...
What Is eSigning? Electronic signature is an electronic enabled service that allows an Adhaar card holder to digitally sign a document. In case where a taxpayer chooses to electronically...
Under GST, a person importing goods has to pay customs and IGST. CVD and SAD levied under the current regime will be replaced by IGST. IGST will be imposed...
Section 35 of the CGST Act read along with GST Accounts and Records rules provides that every registered person shall keep and maintain all records at his respective place...
An invoice forms a crucial function when it comes to execution of transaction. The invoice is a document sent to a buyer that specifies the amount and cost of products...
Under GST, the levy of tax on manufacture, place of provision of service and point of taxation of services will be replaced by the concept of “Supply”. The time...
The Goods and Service Tax (GST) has been one of the key things that has caught attention of the Indian business market. With a lot of changes over a period...
Supply is a fundamental concept that includes all the provisions of the goods and service tax around it. Place of supply under GST defines whether the transaction will be...
Invoice is a key function when it comes to the execution of a transaction. An Invoice under Goods and Service Tax or GST becomes a basic document for recording...
The largest tax reform of the nation yet, the Goods and Service Tax (GST) aims to bring the entire Indirect Tax market under one umbrella. With such a major...
GST everywhere!! With less than a week after GST came into effect in India, dealers are anxious about registration and compliances under the new law. Worry not, let us...
Chartered Accountant Mr. Srihari talks about the GST impact on Indian businesses – its positive aspects and the challenges faced. Chartered Accountant Mr. Prathik. N talks about what...
The implementation of the Goods and Service Tax is the most significant tax reform yet for India, conceptualised and structured by various Governments from as early as 2000 and...
The Government of India plans to roll out India’s largest tax reform i.e Goods and Service Tax (GST) on the 1st of July 2017. With GST coming into effect,...
Every tax authority aims towards the timely collection of taxes and to ensure filing of correct returns. These two aspects come with a lot of additional work involved such...
Although, the ultimate aim of introducing the Goods and Services Tax Bill is to simplify the cumbersome nature of our Revenue system, it can still be bifurcated to more...
The major economic drive for the nation and for developing economies across the world has been the manufacturing sector in India. However, its performance has been uninspiring following the...
In the present regime, most of the states have check-posts along their state borders to monitor movement of goods. Movement of goods cannot take place without a valid way...
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