Goods & Service Tax

Shipping charges are applicable when goods are shipped (transported or delivered) to a buyer or an end-user. The seller adds this charge to the bill (to be borne/paid by the buyer). If the product in question is taxable, then there will be a tax on the shipping charges, too, depending on the rate of tax. […]

Safety goggles, spectacles and sunglasses are very important when it comes to protecting your eyes so that the eye organ is not a redundant piece of flesh. They are not only essential for many reasons, but they also belong to specific groups under the Harmonized System of Nomenclature (HSN) Code which speaks about their types

It is important to buy a house and is a long-term investment of money.  the taxation on construction contracts has become simpler. Earlier, there were numerous taxes imposed on construction services. The introduction of GST has eradicated taxes like service tax, excise duty, and VAT.  Applicability of GST on Construction GST is applicable to construction

SAC stands for Service Accounting Code and is applicable to all the services rendered within India. This system is used for classifying, measuring and determining the applicability of GST services in India. The Harmonized System Nomenclature (HSN) code is used for Indian goods and follows the World Customs Organization’s global classification system. Meanwhile, the SAC

 Information Technology enabled Services (ITeS), the Central Board of Indirect Taxes and Customs (CBIC) recently came up with the circular no. 107/26/2019-GST clarifying various issues. The said circular has a far-reaching effect on ITeS/BPO, and the same is explained in the present article. Before understanding the clarification, it is significant to understand coverage of two

Nil GSTR-3B returns are filed in the same manner as regular GSTR-3B returns. Regardless of having no outward or inward supplies, which results in no tax liability for a specific month, it is compulsory for taxpayers to file a nil GSTR-3B via the GST portal for that period. This article provides a comprehensive overview of what is a

The CGST Act’s Section 17(5) addresses blocked credits or ineligible Input Tax Credit (ITC) within the GST framework. When making purchases listed in this provision, taxpayers are unable to claim ITC while settling output tax. This provision provides 11 clauses under which ITC cannot be claimed. Budget 2024 Updates The Government of India has proposed

GST emSigner has a good approach towards the utility that assists to send, tracking and maintaining smart documents. One would indeed archive their smart documents. The same GST emSigner provides your company with the faster and safer signing of documents. In normal terms, a GST emsigner is furnished to sign GST enrollment forms in a

Tax deduction at source, i.e., giving the receiver money after deducting tax from it. Taxes have been an age-old concept. But, its inception in GST is quite recent. Now, the notified classes of persons are required to comply with provisions of TDS under GST.https://www.gst.gov.in/ TDS (Tax Deducted at Source) is a mechanism under Goods and Services

The YouTube platform is a subsidiary of Google, a US-based company that allows anyone to open a channel and post videos. In turn, the company also earns by running advertisements and other promotional material on the videos hosted on it. A YouTuber is a person who runs a channel on YouTube. A YouTuber begins earning