SAC Code & GST Rate on Legal, Accounting, and Professional Services Introduction The GST Council established the GST rate for legal, accounting, and professional services. Services are subject to 5%, 12%, 18%, or 28% GST rates. The GST rate is determined […]
What is GST Return? And Mistakes to avoid while filing GSTR Introduction Taxpayers must be extremely cautious when filing a GST return in order to avoid the inconvenience of unnecessary reconciliation. So, let’s take a look at some of the […]
What is GST Audit and How it is done? Introduction According to Section 35 (5) of the CGST Act, registered taxpayers in India with an aggregate turnover of more than 2 crores in a financial year must have their accounts […]
A complete guide on GST on Commission Agent/ Brokers Introduction In Indian history, the Goods and Service Tax represents a revolution. There are numerous facets to Goods and Services Tax, and one of the most frequently asked questions is whether […]
GST on Online Gaming in India: Tax Rate and Compliances Introduction GST on Online Gaming has become one of the most significant taxation developments in India’s digital economy. Following the amendments made through the CGST (Amendment) Act, 2023, the IGST […]
All you need to know about ” How GST in India is Different from GST in other countries?” Introduction The GST in India is a system that is designed for effective tax collection, decreased corruption, simple interstate trade in commodities, […]
GST on employee notice pay recovery – All you need to know Introduction An employee provides services in exchange for a salary and other non-monetary benefits under employment transactions. So there is supply at both ends, and thus the same […]
What is voluntary and mandatory GST registration? Introduction The Goods and Services Tax (GST) was established to bring all the taxes under one regime. GST Registration is compulsory for every supplier who makes the supply of goods and services or […]
Difference between GSTR 1 and GSTR 3B – All you need to Know Introduction Every dealer who is registered with GST is required to submit monthly and quarterly GST Returns. The GST return filings are necessary to gather data from authorized […]
