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 18, 2022
As we all are aware, one of the main purposes behind the introduction of Goods and Services Tax (GST) was the availability/ allowability of a ‘seamless flow of credit’. However, factually, with each passing day and continuous changing GST law, availment of an input tax credit is getting complicated even for the genuine recipient/ buyer.
April 18, 2022
The Finance Minister of India, Shrimati Nirmala Sitharaman, presented the Finance Bill 2022 on 1st February 2022. The Finance Bill 2022 got presidential assent on 30th March 2022, accordingly, converting the same into the Finance Act, 2022. We will broadly discussed on How does the existing Section 38 govern GST Input Tax Credit claims? The various
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