The Goods and Services Tax (GST) is an indirect tax levied on the provision of goods, services, or both. In other words, GST is a consumption and destination-based tax. This tax is levied and collected for the consideration of goods or services supplied. The GST notion necessitates a plethora of topics that need to be …
Conducting due diligence before entering into a contract or transaction with another party is vital. The information gathered throughout the due diligence process might benefit both parties since it reveals several key variables. We’ll look into Due Diligence under GST in this article. Meaning of Due Diligence It is the process of conducting a study …
Government authorities and organizations are attempting to make the most of technological advancements and automation. The mechanism of digital signatures on papers is an example of this. Here, emsigner plays a critical role in assisting your business with faster and more secure document signing. In this blog, we will cover every aspect of emsigner under …
On July 1, 2017, the Goods and Services Tax (GST) came into effect, influencing the pricing of various items. It influenced a wide range of industries, including hotels, textiles, FMCG, E-commerce, agriculture, automobiles, and many more. When it comes to gold, different GST rates were applied at various phases, such as manufacturing, supply, and so …
As per the recent notification issued in the e-Gazette of India, e-invoicing will now cover all those taxpayers whose aggregate turnover exceeds INR 20 Crores during any previous financial year. E-Invoicing Implementation Phases The Government of India implemented e-invoicing in a phased manner. In the first phase, taxpayers having a turnover of more than INR …
The GST Council was established by the Government of India (GoI) to amend, regulate, and reconcile Goods and Services Tax (GST) in India. The central government entirely covers the Secretariat’s expenditures. The Council also keeps an eye on the whole taxing process to assist the various agencies and prevent fraud. In this post, we’ll look …
The blocking of GSTR-1 filing has been announced by amending clause (a) of Rule 59(6) of the CGST Rules. The amendment was published by the CBIC in Notification No. 35/2021 – Central Tax on September 24, 2021. In this blog, we will talk about every aspect related to the same and how you can unblock …
Although the Goods and Service Tax in India has simplified the procedure, many individuals have found it challenging to understand lots of information regarding the different forms it encompasses. To make the work of filing returns easier for taxpayers, a comprehensive look at the numerous forms intended for a wide range of taxpayers has been …
Well, to give you a head start for 2022, we have compiled a comprehensive GST Compliance Calendar. This GST compliance calendar has all the GST Compliance Due dates for the year 2022 so that you never miss a due date! GST Compliance Calendar and its Importance A GST compliance calendar organizes and maintains due dates for GST returns and other …
