Equipping Modern Enterprises with Powerful GST, E-Way Bill & E-Invoicing Solutions

logo image
  • GST Filing & Reconciliation
  • E-Way Bill Automation & E-Way Bill APIs
  • E-Invoicing Simplified
  • GSTIN Search
  • Expert Assistance

Payment Voucher On Reverse Charge Under GST

GST is generally payable by the suppliers. However, in certain circumstances, as notified by the Central Government, GST may be payable by the recipients of goods/services. This is known as the Reverse Charge Mechanism (RCM). In this article, we will discuss the various aspects of a payment voucher that is to be issued for a … Read morePayment Voucher On Reverse Charge Under GST

Income Tax Rates – AY 2020-21 (FY 2019-20)

Income Tax is a direct tax charged on the income of an assessee. Different classes of taxpayers are taxed differently under the Indian Income Tax laws. In the case of individuals, the taxable income of the assessee is grouped into income blocks, commonly known as slabs. The tax rates are decided based on the income … Read moreIncome Tax Rates – AY 2020-21 (FY 2019-20)

List Of All GST Forms

The concept of Goods and Service Tax (GST) was introduced in India on 1 July 2017. The Government has made multiple amendments to help taxpayers file returns and pay taxes easily. To facilitate transparency and ease of doing business there are multiple forms notified by the Government that the taxpayers have to use to file … Read moreList Of All GST Forms

GST On Amusement Park Tickets And Other Recreational Activities

On 25 January 2018, the Government had issued a notification amending the applicability of GST on services by way of admission to amusement parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet. Prior to this notification, these services were taxed at 28% GST. Applicable Rate Of GST On Amusement Park Tickets Relief … Read moreGST On Amusement Park Tickets And Other Recreational Activities

Impact Of E-Way Bill On E-Commerce Operators

Under the GST regime, the E-Way Bill or Electronic-Way bill is a document that needs to be generated before goods valuing more than INR 50,000 are transported  (intrastate and interstate). In other words – under GST, transporters should carry an E-way Bill mandatorily when they are moving goods from one place to another when certain … Read moreImpact Of E-Way Bill On E-Commerce Operators

Income Tax Payable On Winnings From Game Shows, Puzzles and Lottery

Games shows, Puzzles and Lotteries have been in trend for quite long. This can be a source of income for few. It is imperative to know the taxation rules before accepting these prizes/gifts. In this article, we will discuss the Income Tax rules applicable on any income earned through winnings from lottery, crossword puzzles, card … Read moreIncome Tax Payable On Winnings From Game Shows, Puzzles and Lottery

ITC-03

Form ITC-03 is to be filed by a specified class of GST registered taxpayers when the Input Tax Credit that has already been availed has to be reversed. In this article, we will help you understand: What Is Form ITC-03? Prerequisites To File Form ITR-03 When Should The Form ITC-03 Be Filed? What Are The … Read moreITC-03