All about VAT on Transfer of Assets Introduction The transfer of assets is a common occurrence in business transactions. The transfer of assets can take many forms, including the sale of assets, the transfer of ownership, or the transfer of […]
Important Parts of New VAT Audit Form – 704 Introduction In the realm of taxation, regular audits play a crucial role in ensuring compliance and transparency. For businesses operating under the Sales Tax Act, it is essential to understand the […]
Process to file E-application for MVAT Registration Introduction The Maharashtra Value Added Tax Act, 2002 (MVAT) imposes a tax on the sale of goods in the state of Maharashtra. Under this act, it is mandatory for dealers to electronically apply […]
What are the Benefits of Using GST LUT? Introduction A GST-registered taxpayer can export products or services without paying integrated GST (IGST) at the time of supply by using a LUT (Letter of Undertaking). It is crucial for companies that […]
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. […]
