May 26, 2022
The growth of online media and online services are phenomenal in the present world. The world has really seen the amazing power and convenient practical usage of online platform during the lockdown specially in sectors like advertisement, media, education and gaming. These sectors have shown double digit growth post the lockdown period including OIDAR service
May 23, 2022
Dictionary meaning of the term penalty is ‘a punishment imposed for breaking a law, rule or contract’. Article briefly discussed Penalties under GST and its precautionary list on Just like any other law, Goods and Services Tax (GST) also caters a wide range of penalties for various offences likeCarrying out any fraudulent activity;Delayed in filing
May 16, 2022
As we all know, the historic date i.e., 1st July 2017 was when the Goods and Services Tax (GST) was introduced. Around 13 taxes were subsumed into one single tax known as GST. Article briefly speaking on Implication of GST on Service Industry, GST applicability and its provisions. Going through the erstwhile laws, we will come
May 9, 2022
GST Input Tax Credit can be availed without any blocking of your credit if it is done in a right way. This article is mainly focused on ITC claim in GST and its dependence on ITC reconciliation process.Claiming of GST Input Tax Credit on the purchases made can be difficult and availing only the eligible
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.