October 7, 2022
Table of Contents 1Summons under GST Provisions2Summons under GST: Issued guidelinesObtaining prior permission for issuance of summonsSpecified details to be covered in the summonsDetails to be maintained in the summons fileGeneral GST guidelines3In which situations summons should be avoided4Summons under GST : Takeaways In general, a ‘summons’ is a legal document issued by a court/
September 28, 2022
As we know, various indirect taxes are subsumed into one single tax i.e. Goods and Services Tax (GST). Accordingly, transition provisions were incorporated under GST to ensure smooth and hassle-free migration from erstwhile laws into GST law. We are discussing on filing or revising TRAN 1 and TRAN 2 guidelines and SC court judgments.One of
September 22, 2022
Businesses adapt to new technologies that facilitate a smooth business workflow and save money in today’s revolutionary digital world. Because more companies are working these days remotely, a digital signing solution is required. Digital signature certificate we need after filing return article thoroughly explain why DSC need, benefits for DSC and more.In this article, we
September 22, 2022
TCS full form stands for Tax Collection at Source under GST (TCS) is similar to TDS but has a few key differences. TDS is the tax deducted when the recipient of goods or services makes payments under a contract. Except for a few exceptions, every e-commerce operator must begin collecting TCS on October 1, 2018.
September 15, 2022
Without valid ITC claims, it is simple to assume that you are not entirely GST compliant (Instead of GST compliant, we can say revenue loss due to paying GST via cash). It is advantageous for firms to have access to a report that shows the percentage of their mismatched credit since they will need to
September 15, 2022
Since the inception of Goods and Services Tax (GST) i.e., 1st July 2017, the refund of the unutilized input tax credit on account of inverted duty structure under GST has undergone the following notable amendmentsParticularsDetailsThe formula under GST refund rules 89(5) as insertedMaximum Refund Amount = {(Turnover of inverted rated supply of goods) X Net