The introduction of the Goods and Services Tax (GST) on July 1, 2017, sparked a new era of thorough tax reporting procedures in the Indian business ecosystem. MSMEs and small […]
Businesses having turnover more than Rs. 5-Cr will soon come under the GST invoice. To this day, the threshold limit of e-invoicing is Rs. 20 Cr. Businesses that exceed the […]
GST council has revised GST rates for many items that may affect the pockets of common men. The revised GST rates will be applicable from July 18, 2022. The changes […]
GST (Goods and service tax) is an indirect sales or transaction tax that is levied when goods are bought and sold. As the name suggests it is applied to everything […]
The Central Board of Indirect Taxes and Customs (CBIC) has released the detailed notifications; stating the instructions for sanction, post-audit, and review of refund claims. Releasing the notifications, CBIC has […]
The Central Board of Indirect Taxes and Customs has issued a notification dated 26th of May, 2022 stating that businesses registered under composition scheme that couldn’t file their annual return […]
November month brings some good news for the economy. As per the report released by the Finance Ministry on Wednesday, the record GST collection was reported in November 2021, which […]