Imagine the rules of a game changing in the middle of play, and suddenly things you did before are against the rules! That’s kind of what happens with retrospective amendments in GST. These are changes to the tax law that apply not just to future transactions, but also to things businesses and people did in…
Selling online just got a bit more technical! Two new tables, 14 and 15, have joined the GSTR-1 party, shaking things up for e-commerce businesses. But don’t be afraid, we’ll navigate this filing understanding together and will know how these changes impact your tax reports. Buckle up, online sellers, as we explore the ins and…
The Indian jewelry industry has been greatly influenced by the Goods and Services Tax (GST). The rates are now dependent on the kind of jewelry and material used post the Union Budget. Different prices apply, depending on the type of jewelry be it gold, silver, diamond, or gemstone. Let us have a brief understanding of…
Goods and Services Tax (GST) has transformed the taxation system in various countries, and so does in India. It aims for an efficient concept and more transparent to charging taxes. One of the main elements within the GST structure is the GST Network (GSTN), a technological infrastructure that plays a vital role in the administration…
The implementation of the Goods and Services Tax (GST) regime leads to significant transformation under taxation landscape. This implies that the indirect taxation system has been simplified by merging several taxes into a single category. In addition to these alterations, businesses and individuals who are registered must also comply with necessary regulations such as GST…
The Goods and Services Tax (GST) implementation has enhanced the taxation system, efficiency and transparency in financial transactions. However, this positive execution has also provided a hike to the issue of fake invoices GST, which threatens the integrity of the GST structure. In the current comprehensive guide, we will detect fake invoices under GST, along…
The implementation of the Goods and Services Tax in 2017 brought very significant impacts and changes to the Indian economy. The new tax regime influenced many sectors of the economy; one such sector that was significantly reformed was the real estate sector, particularly the sale of residential flats. In this article, we will delve into…
Businesses are urgently striving to align their revenue and Input Tax Credit (ITC) for the fiscal year 2022-23, with the objective of making essential modifications in their financial records and GST reports before the October 2023 cutoff. The process reaches its peak with the complete submission of data via GSTR-9 and GSTR-9C for every fiscal…
The Goods and Services Tax GST on TDR Investments is important for lots of people and companies. It’s important to understand how GST on TDRs works and what it means for our finances. This GST tax system is changing the game. When it comes to TDRs, understanding how GST applies is crucial because it can…
The digital economy boom and affordable internet prices have empowered people to share their thoughts through videos and posts. Platforms like YouTube facilitate quick information sharing. YouTube generates income from ads and promotions. In this article, we will get to know about the GST on YouTube Ad Revenue & income from YouTube taxable under which head…