How Does GST LUT Impact Invoicing and Accounting? Introduction GST LUT has a significant impact on invoicing and accounting, as it changes the way exporters calculate and report their exports. The government issues exporters a GST LUT (Letter of Undertaking), […]
Input Service Distributor under CGST act Introduction The Goods and Services Tax (GST) introduced in India revolutionized the indirect tax system by unifying multiple taxes into a single, comprehensive tax. Under the Central Goods and Services Tax (CGST) Act, various […]
Do you know about the LUT v/s IGST Refund: Which is Better? Introduction The Goods and Services Tax (GST) is a comprehensive, multi-stage tax that is levied on every value addition. GST has replaced many indirect taxes in India and […]
Is GST applicable on cold storage services? Introduction The Goods and Services Tax (GST) has revolutionized the Indian tax system by subsuming various indirect taxes into a single comprehensive tax regime. However, when it comes to specific services such as […]
All You Need To Know About GST Registration for OIDAR Service Providers Introduction OIDAR services, which stands for Online Information and Database Access or Retrieval services, refer to services delivered through the internet or electronic networks with minimal human intervention. […]
All you need to know about GST LUT Introduction The Goods and Services Tax (GST) is a value-added tax that is levied on goods and services sold in India. The GST was implemented on July 1, 2017, with the aim […]
Tax Statutory & Compliance Calendar for the Month of May 2023 Compliance with tax and statutory regulations is mandatory for both individuals and businesses in India, regardless of their scale of operations. It is crucial for businesses of all forms, […]
GST Amendments in the Finance Bill, 2023 passed by Lok Sabha Introduction The Goods and Services Tax (GST) is one of the most significant tax reforms in India, which came into effect on July 1, 2017. Since its implementation, the […]
Bill of Supply under GST: Understanding its Concept and Importance Introduction The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Registered dealers need to understand the concept of the […]
