Almost everyone is familiar with E-Way Bills. The system has been launched to simplify the taxation on the movement of goods, though, yet there are some practical challenges that need to be addressed. A few days back, the GST council debated on some much-needed changes in the GST e-way bill. These changes will put E-way …
Who Are GSPs GSP or GST Suvidha Provider are special entities authorized by GSTN to provide a web-based platform compiling with all the regulatory requirements of the GST law to enable the taxpayer to do the GST compliances. Eligibility Criteria of GSPs by GSTN As a prerequisite, all GST Suvidha Providers (GSPs) are to be …
In New Proposed forms return have been divided into 3 types (a) New GST Return – Normal (RET-1)(b) New GST Return – Sahaj (RET-2)(c) New GST Return – Sugam (RET-3) Basic points regarding choosing of option between RET-1, RET-2 and RET-3 and timeline of filing of return. In new proposed return forms return have been …
The Indian government introduced E-way Bill on April 2018 for more transparency in tax transactions of transferring goods from one place to another. Now, in November 2018, for better outcomes, another decision has been taken by the revenue department to integrate E-way bill system with NHAI’s FASTag mechanism to track movement of goods and keep …
One among the joyful Fest, Christmas is around the corner and to make it more joyous, the Indian government is taking its Santa duties seriously. Yes, you hear it right. This Saturday, GST rates have been cut on around 23 goods & service and the government has gifted relief to the common man. Subsuming power …
The introduction of GST or Good and Services Tax is touted as the biggest economic transformation in the country after India became an independent nation. “GST is good or bad for common man in India” is one of the most trending topic in the country. The GST model was first conceptualized by Prime Minister Atal …
Goods and Service Tax, commonly known as GST is a single indirect tax that came into effect after 1st July 2017. Under the GST bill, a multi-tier tax slab was introduced that eradicated all the other separate taxes that were being levied. The four tax slabs that were introduced and were applicable to commodities and …
