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

logo image
  • GST Filing & Reconciliation
  • E-Way Bill Automation
  • GSTIN Search & E-Way Bill APIs

Everything you should know about TCS and GSTR-8

Any person who is managing and operating an e-commerce platform is required to collect taxes at the time of any taxable supply that is taking place through his online platform as per the section 52 of CGST Act 2017. The tax collected through this e-com operator is known TCS (Tax Collected at Source). In this … Read moreEverything you should know about TCS and GSTR-8

Concessional Rate of GST for Small Service Providers

As per notifications released by the Central Goods and Services Tax (CGST) authorities on March 7th, 2019, a concessional rate of GST has been prescribed for suppliers of exclusive goods, composition dealers, and normal taxpayers. Read on to know about the new concessional GST rates for the same.   The following topics have been covered … Read moreConcessional Rate of GST for Small Service Providers

Impact of 7% GST rate slash on under construction & affordable houses

The Finance Minister of India, Mr Arun Jaitely informed in 33rd GST Council meeting that there will be a 7% slash in the rate of both under construction houses and affordable housing W.E.F. 1st April 2019. Currently, the GST rate on under construction houses is 12% and the affordable housing scheme is 8% which will … Read moreImpact of 7% GST rate slash on under construction & affordable houses

33rd GST Council Meeting Key-highlights

The 33rd GST Council Meeting was held through video conferencing on 20th February 2019, headed by the Union Finance minister, Mr. Arun Jaitley. In this meeting, various decisions were made to improve the ease of doing business in India. Let us look at the key highlights of this meeting: GSTR-3B Due Date Extended The Government … Read more33rd GST Council Meeting Key-highlights

Saving on Household Expenditure after GST

The Goods and Services Tax (GST) came in 2017 as a consumer based unified system for indirect taxes all over India. Varying slab rates were set for different goods and services which may have saved chunks of taxpayers’ income since GST was launched. A source in the finance ministry has revealed that according to an … Read moreSaving on Household Expenditure after GST

How to Calculate GST?

For any taxpayer calculating GST payable for the GST Return filing is not less than a rocket science. The taxpayer has to take everything into consideration while calculating GST such as inter and intrastate supplies, exempted supplies and reverse charge including eligibility of the ITC. Because if a taxpayer pay-off less amount of GST payable … Read moreHow to Calculate GST?

HSN Code and GST Rate for Tea, Coffee & Spices

HSN Code List and GST Rate List for Tea, Coffee & Spices – Cardamom, Cinnamon & Pepper HSN Code Description GST Rate IGST CGST SGST CESS 901 Coffee, roasted whether or not or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion other than coffee beans not roasted. 5 5 2.5 2.5 0 902 … Read moreHSN Code and GST Rate for Tea, Coffee & Spices

HSN Code and GST Rate for Fruits & Dry Fruits

HSN Code List and GST Rate List for Fruits & Dry Fruits – Mangoes, Apples, Guava, Cashew & Nuts HSN Code Description GST Rate IGST CGST SGST CESS 801 Cashew nuts, whether or not shelled or peeled, desiccated coconuts 5 5 2.5 2.5 0 802 Dried areca nuts, whether or not shelled or peeled 5 … Read moreHSN Code and GST Rate for Fruits & Dry Fruits