December 3, 2021
Input Tax Credit under GST is the bedrock of the GST structure. Businesses should aim at using this feature wisely and avail maximum of eligible ITC under GST. In this short article, we have discussed a few important pointers that businesses should follow to claim maximum eligible ITC in FY 2022. The businesses must take utmost care
November 11, 2021
GST Audit has become essential with every passing day. This is especially true for businesses with multiple GST registrations. It becomes challenging for such businesses to keep track of all the GST activities in their various depots or sub-units with individual GST registration. Hence, it becomes necessary for such businesses to have a centralized mechanism to check
November 8, 2021
GST structure can sometimes become complicated when a business has multiple registrations.It becomes difficult for all the business units to comply with the GST laws in the entirety, and in some places, the GST laws and regulations get violated.To address all these issues, a business should prioritize its routine ‘in-house audit’ that identifies such discrepancies
November 3, 2021
The Diwali festival season is around the corner now.Many companies are planning to gift their employees with Diwali gift hampers, vouchers, goodies, etc.The budget for this activity can go very high for businesses with a large number of employees.It’s also prevalent practice in many professions to offer promotional items to clients, distributors, partners, etc.This article
October 21, 2021
GST structure and filing can sometimes be complex for businesses with multiple branches and each of them having a GST registration. Article briefly speaks on GST audit checklist also why we need the GST audit and GST audit procedure step by step. A taxpayer files his calculated GST as per the frequency of the GST return. But
October 5, 2021
Putting up in simple terms, ‘export’ means trading/ supplying of goods and services outside the domestic region of a country.Under GST export of goods and services will be deemed as ‘inter-State supplies’ and will be treated as ‘zero-rated supply’. ‘Zero-rated supply’ makes the entire supply tax free. In nut-shell, there will be no tax burden
