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Taxes which are replaced by GST

Taxes which are replaced by GST

On 1st July 2017, the government of India announced the implementation of GST in India. It was a big move, as it marked a significant indirect tax reform in the country by blending all indirect tax levied on goods and ...

How to reply notice for cancellation under GST?

How to reply notice for cancellation under GST?

Under GST, Notices act as a medium to communicate to the taxpayers by the GST Authorities. These are sent to the taxpayers specifically to remind or caution them of any defaults being noticed, specifically for not following the GST laws ...

Reverse Charge Mechanism in GST

Reverse Charge Mechanism in GST

It is always the case where the supplier of goods and services is liable to pay the GST. But, when it comes to Reverse Charge Mechanism, the receiver of goods and services has to pay the tax, meaning that the ...

What is Input Tax Credit?

What is Input Tax Credit?

Input Tax Credit (ITC) simply means the tax already paid by a person at the time of purchase of some goods or services which is available as a deduction from tax payable. Say for when you buy a product or ...

GST Registration Common Rejections Grounds

GST Registration Common Rejections Grounds

GST Registration is the process of obtaining a unique identification number by a supplier from the tax authorities. It acts as the identification of the taxpayer. Every supplier/business having a turnover of Rs 40 lakhs or more (Rs 10 lakhs for ...