GST or Goods and Services Tax are an all-inclusive tax levied on sellers, manufacturers, and consumption of goods as well as services across India. Considering the fact as to what is CGST, SGST, and IGST, it should be known that the first one is the tax on goods and services by the central government. Visit:- https://www.attitudetallyacademy.com/Blog/the-use-of-cgst-sgst-and-igst-in-tally-erp9-tax/
Are you a Tally user looking to enhance your auditing skills? Our latest blog is packed with tips and tricks to help you navigate through common audit queries with ease. Discover how to identify mistakes in your data before handing it over to an auditor using features like trend analysis and exception reports. Learn about trend analysis, exception reports, and high/low analysis techniques to pinpoint discrepancies quickly and efficiently.
What does section 12 say: Section 12 talks about time of supply of goods that is when the liability to pay tax arises on goods. FAQS on Section 12 of CGST Act 2017: Time of Supply of Goods
Amendments proposed in the CGST Act, 2017 To be effective from a date to be notified after the enactment of the Finance Bill, 2023 Amendments in Section 10 Clause (d) of sub-section (2) and clause (c) of sub-section (2A) in section 10 of the CGST Act is proposed to be amended so as to remove the restriction imposed on registered persons engaged in supplying goods through electronic commerce operators from opting to pay tax under the Composition Levy
The Finance Bill, 2023, as introduced in Parliament on February 1, 2023, suggested several modifications to CGST/IGST rules under clauses 128 to 144 of the Finance Bill, 2023. Learn more! For more information, visit us at:- https://academy.tax4wealth.com/blog/gst-changes-finance-bill-2023
GST calculator is an online ready-to-use calculator to compute the payable GST payable for a month or quarter depending on the amount. This calculator is apt for use by users all types of trade - buyers, sellers etc.
GST calculator is an online ready-to-use calculator to compute the payable GST payable for a month or quarter depending on the amount. This calculator is apt for use by users all types of trade - buyers, sellers etc.
Due to the epidemic, the government has temporarily blocked permitting taxpayers to generate E-way bills. The taxpayers were greatly relieved by this suspension since it saved them the inconvenience of having to unlock E-way bills that had been blocked for non-compliance. However, the most recent GST advisory, which was made public on August 4th, 2021, noted that, in accordance with Rules 138 E (a) and (b) of the CGST Rules, 2017, the blocking of the E-way Bill (EWB) generating facility has restarted after August 15th, 2021.
Charging Set CGST-14 Comes with Lightning cable and Micro cable, Support: iPad 4, iPhone 5, iPad mini, HTC, Samsung and more. Features: Includes Lightning to USB ...
Charging Set CGST-15 Comes with Lightning cable and Micro cable, Support: iPad 4, iPhone 5, iPad mini, HTC, Samsung and more. Features: Includes Lightning to USB ...
GST on E-commerce: Find the relevant definitions of Electronic Commerce, Services notified under section 9(5) of CGST Act, Registration of an ECO, Services listed under section 9(5), Pay GST in case ECO, etc. Stay updated with us and get GST real time updates. Start your 7 days free trial here: http://bit.ly/2zB0jd1
This Magento 2 GST extension configures your Magento store with GST rules following the Indian government regulations. GST splits (CGST, SGST and IGST) can be generated in various formats including invoices, PDFs, orders and reports with the help of this extension.
We are full service firm focuses in domain of Business Setup in India, FEMA, Expatriates Taxation, Accounting Outsource, International Taxation, Auditing, Transaction advisory and so on. Underpinned by our values and with our global presence, we serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.
If you're looking for GST Compliance services in Mumbai, it's time to sit back and relax. In this post, we will go over the fundamentals of GST and show you how we can assist you with GST through our services so that you can focus on your business without worrying about GST.
"The latest development in the realm of e-invoicing with the introduction of the E-invoice Exemption Declaration Functionality. Read Full Article at https://einvoice6.gst.gov.in/content/e-invoice-exemption-declaration-functionality-made-available/ "
"The latest development in the realm of e-invoicing with the introduction of the E-invoice Exemption Declaration Functionality. Read Full Article at https://einvoice6.gst.gov.in/content/e-invoice-exemption-declaration-functionality-made-available/ "
GST (Goods and Service Tax) commonly have more much impact on traders and business units at a first level. After GST Traders are beneficial regarding the Goods.
In a recent ruling, the Kerala High Court delivered a significant verdict regarding Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime.
Authority for Advance Rulings, Telangana (‘AAR’) in the case of M/s Bambino Pasta Food Industries Private Limited ‘the applicant’ has issued a ruling regarding availability of Input Tax Credit on CSR expenses incurred by the applicant company. Captioned ruling has been analyzed in this update
SAP enables faster decision making and improves productivity. Implementing SAP in your organization can lead you to Rapid Productization. To know more about SAP have a look on this presentation.
The Constitution (101st Amendment) Act, 2016 introduced the Goods and Services Tax (GST) regime in India, which is a comprehensive indirect tax on manufacture, sale or consumption of Goods and Services.
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more! For more information, visit us at:- https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
In GST, Government makes laws on the recommendations of the GST council. For that reason, GST council meets on regular basis to monitor the requirements of the economy and propose changes in the laws or issue clarifications for better implementation of the laws.
GST Enrolment of existing assessees has started in many States and is scheduled in other States in the coming days and weeks. Though Enrolment is a onetime activity but enrolling multiple clients within the specified time period would take a lot of time, effort and patience.
The Government of India passed the Goods and Service Tax (GST) in 2017 intending to make one nation, one tax policy. The implementation of GST for E-commerce business is a challenging task. Magento 2 Multi Vendor GST India by Meetanshi extension allows charging GST on orders based on the business category set by vendors in the store. The module helps to calculate GST in Magento 2 store. By integrating Magento 2 Multi Vendor GST India extension, merchants can automate GST calculations.
Fake Invoices under GST: Here, in this article, we will discuss how to deal with fake invoices and what actions to take after a fake invoice has been identified.
Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate developers.
In any tax administration the provisions for Inspection, Search, Seizure and Arrest are provided to protect the interest of genuine tax payers (as the tax evaders, by evading the tax, get an unfair advantage over the genuine tax payers) and as a deterrent for tax evasion.
An Overview of Indirect Taxes By PROF V.N. PARTHIBAN, FICWA, ACS, FIII, ASM, ADIM, MBA, LLM Date * Date * Date * Date * Date * Date * * * Date * Date * Date * Date ...
Goods & Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state dia)|. Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.[1] There will be additional cess on sin goods like cigarettes. GST is expected to be applicable from 1 July 2017. GST impact: Foodgrains to get cheaper or remain flat for Indians. - www.actouch.com
m-Billing is a comprehensive business accounting software with key features of mobile accounting, inventory management and GST calculation. Mobile and desktop accounting is made easy with simplistic accounting solutions that anyone can run without its prior knowledge. Operate your business from anywhere in India being a multilocation, multiuser software. With m-Billing you can do invoicing and billing, prepare expense tracking, inventory management, balance sheet, accounts receivables and payables, sales orders, voucher customization, profit & loss statement, GST reports, journal vouchers, ledgers and more. For more details call @ 9870326600 or plz visit :- https://www.mbilling.in/
As you know, all transactions that take place in the country are taxed. Stock market related transactions are not exempted from this rule. But the tax on stock trading in India differs from that on other financial transactions. In this article, we will discuss all taxes levied on stock market transactions and how they concur or differ based on duration of holding the securities. The different taxes we will look at include taxes on transactions and on capital gains.
Cloud has become the fulcrum of the digital transformation of business. Deloitte Edition on Cloud- The Bedrock of Digital Transformation for Businesses is an insightful detailed report that sheds light on the role of the cloud in IoT, Data Management, benefits of the cloud, challenges faced by organizations and strategies to resolve challenges.
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Gross domestic product (GDP) is an economic measure of the market value of all last goods and services produced in a time period (quarterly or yearly). According to the mentioned information, Here are describe some basic concepts of GST and GDP, GST Impact GDP of India and Positive Impact of GDP, Negative Impact on GDP etc.
How to file GST return? Learn more about the many form of GST return, which needs to file them, the process step – by – step, the deadline, how to download, etc. Learn more! For more info, visit us at:- https://academy.tax4wealth.com/blog/how-to-file-gst-return-due-dates-types-of-gst-return
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GST system is a new tax system in India . It is a very cogent form of tax system .Taxpayer need to know about certain basic terms in GST like GST registration, GST Return Filing, GST Software and GST Assessment.
As you know, all transactions that take place in the country are taxed. Stock market related transactions are not exempted from this rule. But the tax on stock trading in India differs from that on other financial transactions. In this article, we will discuss all taxes levied on stock market transactions and how they concur or differ based on duration of holding the securities. The different taxes we will look at include taxes on transactions and on capital gains.
Magento 2 GST India Extension auto-calculates tax rates for your Magento 2 store products, according to Indian GST standards, and display the tax amounts on the front end. GST is the indirect tax levied in India that has replaced many other indirect taxes. E-commerce stores have also been affected and it needs to be made compatible with the GST rules. To serve this purpose, Meetanshi offers Magento 2 GST India extension.
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Indian Indirect tax payers have been greeted with a bouquet of complexities from the time immemorial. These taxpayers were in need of a single flower as antidote, which they now see budding in form of Model GST law released by the Union Government.
GST Overview: Know about 'Goods and Service Tax' smart Taxation System in India. Learn about GST, Indirect Tax structure in India before GST, GST Rates, GST Compensation Cess, Input Tax Credit, GST Composition Scheme, GST Return, TCS in GST eWay Bill and GST Audit through our PPTs and PDFs.