The introduction of GST brought significant transformations to the taxation landscape of the nation, transitioning from an origin-based to a destination-based tax system. GST encompasses both goods and services under a single tax regime. However, akin to the Service Tax regime, GST also operates under...
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An official revealed that the GST Council had planned to clarify that the Real Estate Regulatory Authority (RERA) wouldn't need to pay Goods and Services Tax (GST)....
The E-way bill under GST, also known as the Electronic Way Bill, was introduced on April 1, 2018. It served as a digital document mandated for goods exceeding the value of Rs. 50,000 during transportation. This bill encompassed essential details such as information about the...
In the 21st century, electronic transactions have become ubiquitous, shaping the way businesses operate. With the rapid evolution of e-commerce, the government introduced significant changes through the implementation of GST to regulate transactions occurring on online platforms, which operate round the clock. These changes meant...
The format of the Annual Return, as outlined in the GSTR-9 form, was a comprehensive document where transactions from previous years had to be reported. The discussion revolved around the annual return under the GST Law....
Form GSTR-2B was a monthly auto-drafted statement available for taxpayers, regardless of whether they were enrolled in the QRMP scheme, on the GST portal starting from the tax period of August 2020....
The Goods and Services Tax (GST) Act, introduced in 2016, represented a significant shift in India's tax landscape. It aimed to streamline indirect taxation, affecting various sectors, including the burgeoning start-up ecosystem. This article explored the repercussions of GST on start-ups in India, examining both...
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 06/2024 –Central Tax dated February 22, 2024, introducing the "Public Tech Platform for Frictionless Credit." This platform, endorsed by the Reserve Bank of India and developed by its subsidiary, the Reserve Bank...
The advent of GST marks a significant tax reform aimed at streamlining taxation across the nation. While this reform has brought benefits to various sectors, its implications for charities and non-profit organizations are noteworthy. This article explores the impact of GST on the renting of...
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