GST registration is mandatory for companies with an annual turnover of Rs. 20 lakhs or more who engage in the buying and selling of goods and services. Upon registration, every taxpayer is assigned a unique identification number called GSTIN (Goods and Services Tax Identification Number). The GST portal offers a convenient feature to search for GSTIN data […]

The Goods and Service Tax puts forth several types of forms for taxpayers to file returns. These forms are classified based on the returns filing frequency and type of transaction undertaken. GSTR 1 return must be filed by all persons registered under GST. GSTR 1 return is due on the 10th of each month for taxpayers

GST. These taxes are levied upon goods and services at every stage of the supply chain. The GST is classified into CGST (Central Goods and Service tax which is levied by the center), SGST (State Goods and Service tax which is charged by the state), and IGST (Integrated Goods and Service tax which is levied

E-invoicing has become an important aspect of the compliance requirements for GST in India. There have been various amendments to the compliance requirements related to the applicability of e-invoicing. As per the latest amendment in August 2023, all the businesses registered under the GST Act, with a total turnover exceeding Rs.5 crores, are required to

Implementation of a comprehensive Income Tax system like GST in India will ensure that taxpayer services such as registration, returns, and compliance are transparent and straightforward. Individual taxpayers will be using 4 forms for filing their GST returns such as the return for supplies, return for purchases, monthly returns, and annual return. Small taxpayers who have opted

The full form of eWay bill is electronic way bill. The GST eWay Bill is the key document used to track goods being transported as part of the Goods and Services Tax system. Currently an eWay bill can be easily generated online on the GST Portal and the process is governed by the e-Way Bill

GSTN stands for Goods and Service Tax Network, is a non-profit non-government company. It provides shared IT infrastructure and service to both central and state governments including taxpayers and other stakeholders. The registration Front end services, Returns, and payments to all taxpayers will be provided by GSTN. In a nutshell, it will act as the interface between the

Consumers can verify the legitimacy of a business simply by using the GSTIN search by PAN tool. They can also use the GSTIN by PAN to locate the state in which your vendor’s business is active. Dealers can avoid any potential errors by verifying the GST number via the PAN. What is GSTIN? GST numbers,

The digital revolution has transformed traditional commerce, paving the way for e-commerce – a realm where businesses transcend physical boundaries. With the rise of e-commerce, suppliers can showcase their products or services on global platforms, reaching a massive audience. However, this digital transformation brings its unique set of challenges, especially in understanding and complying with