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
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
September 15, 2022
CBIC has issued certain circular under GST law on 6th July 2022 clarification regarding amendments in form GSTR-3B. Article briefly explained step by step changes in form.With regard to the return filing in Form GSTR-3B, the 47th GST Council Meeting recommended the following – In order to streamline the compliances under GST, it was proposed to
September 2, 2022
India’s 50 million small and medium-sized companies provide about 40% of the country’s GDP (MSMEs). In addition, the industry contributes to the nation’s industrial output, employment, and exports. e-Invoicing for MSMEs beneficial for the all small and medium sized firms, article speaks on 5 critical challenges business might be face in future.The daily operations of
August 31, 2022
47th GST Council Meeting was conducted on two days i.e. 28th June 2022 and 29th June 2022 under the Chairmanship of the Finance Minister of India Shrimati Nirmala Sitharaman. In that meeting, it was recommended to revise the scope of exemption with regard to pre-packaged and labelled goods. This article brief on GST applicability on