April 29, 2022
Dictionary meaning of the term ‘Traders’ is ‘a person who buys and sells things, especially goods in the market’. Accordingly, ‘Trade’ means the transfer of goods/ services from one person/ entity to another. Article mainly focused on Impact of GST on Traders and GST applicability for traders.As we know, ‘Goods and Services Tax’ was implemented
April 29, 2022
One of the basic reason behind the introduction of Goods and Services Tax is the availability of a seamless flow of Input Tax Credit under GST. However, ‘seamless flow of credit’ and taxable person under GST are sadly going through a complete roller coaster ride. Article briefly explain on ITC Reconciliation, GSTR2B Reconciliation Vs matching
April 18, 2022
Concept Of TDS on GST : The concept of TDS under indirect taxation was not prevalent under erstwhile law. Also, TDS on GST provisions were not introduced along with the introduction of the Goods and Services Tax. Accordingly, a special procedure is laid down for the same in case of TDS on GST.Provisions relating to tax
March 22, 2022
In the present article, we are going to discuss at large the GST Composition Scheme as applicable to the Restaurants and Hotels. Many a time we should have noticed that people misuse the word ‘Hotel’ even for the ‘Restaurant’. Hence, first of all, let us figure out and clear what is ‘Restaurants’ and ‘Hotels’ and
March 22, 2022
Under GST ‘Reverse Charge Mechanism’, shortly and popularly known as RCM, is a method via which the recipient of goods or services is made liable to pay the tax. In nut-shell, the chargeability of payment of tax gets reversed from the supplier to the recipient and hence the method/ mechanism is named as ‘Reverse Charge
March 16, 2022
A simple, safe, and easy way to sign information digitally anywhere, anytime The Digital Signature services is an electronic signature services without using a physical cryptographic token.It’s been a long time since businesses are operating in a remote environment. In fact, ‘Remote Work’ has become a new normal now!In this fast-paced business world, it is