What is a Letter of Authorisation for GST Registration?
Introduction In the dynamic landscape of Goods and Services Tax (GST) compliance, understanding the various documents and authorisations is paramount. Among these, the Letter of authorisation (LOA)...
View ArticleRole of Primary Authorised Signatory in GST Portal
Introduction In the intricate world of Goods and Services Tax (GST) compliance, the role of the Primary Authorised Signatory is pivotal. This key individual shoulders the responsibility of steering the...
View ArticleDocuments Required for Change in Authorised Signatory in GST
Introduction In the dynamic landscape of Goods and Services Tax (GST) compliance, businesses may encounter scenarios necessitating a change in the authorised signatory. Whether due to organisational...
View ArticleGST on Gold: Effects of Gold GST Rate in India 2024
Latest Updates for GST on Gold: The Indian government has proposed significant changes to the GST rules for gold gst rate in the coming years. GST on gold will be calculated as a fixed percentage of...
View ArticleGST on Freelancers – Applicability & Rates
India has emerged as a hotspot for devoted freelancers, and as a result, the freelancing economy has been steadily rising. However, this is an unorganized industry with no clear and defined laws and...
View ArticleWhy is it Necessary to Verify GSTIN or GST Number?
On July 1, 2017, the Indian government implemented the Goods and Services Tax (GST) to simplify the country’s tax structure. The fundamental goal of putting it was to have one nation, one tax, and one...
View ArticleGST Notices: What are Notices & Types of Notices
A GST (Goods and Services Tax) Notice is a formal communication from the tax authorities informing a taxpayer of issues related to their tax returns or compliance with GST regulations. What is a Notice...
View ArticleHow to Download GST Certificate Without Login? – 3 Steps
A GST certificate is a legal document issued to those taxpayers who are registered under India’s GST system. Each and every taxpayer who possesses a GST registration certificate is required to...
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GST on Medicines: GST Rate & HSN Code for Pharma Products
GST on Medicines The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. The GST rate for medicines varies depending on the type of...
View ArticleHow Many Days GST Registration Is Approved? Benefits and Full Details
The GST registration Approval process is entirely online, with no physical documentation required to be submitted to the GST department. It is critical to organize the paperwork in accordance with the...
View ArticleGST Council Meeting Key Highlights, and Overview
No GST Council meeting until Lok Sabha elections are over, new govt is formed. GST Council Latest Update: 49th GST Council The 49th meeting of the GST Council is taking place subsequent to the...
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eWay Bill Limit: What is e-Way Bill, Generate Bulk Bill
What is an eWay Bill? An eWay Bill system is an Electronic Way Bill for the movement of goods. GST-registered persons cannot transport goods over ₹50,000 (single invoice/bill/delivery challan) without...
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How to Apply for GST Number in India?
Importance: Apply for GST Number in India A valid GST number permits a business entity to be legally recognised as a provider of goods and services This allows a company to build trust with its...
View ArticleCommon Mistakes to Avoid During the GST Revocation
The Goods and Services Tax (GST) system, implemented in India in 2017, has streamlined tax processes for businesses. However, navigating its complexities, especially when dealing with the revocation of...
View ArticleReasons for Cancelling GST Registration: Completed Guide
Goods and Services Tax (GST) registration is essential for businesses in India. However, there are circumstances under which GST registration may need to be cancelled. Understanding the reasons for...
View ArticleValuation of Supply under GST
Table of Contents Toggle IntroductionWhat is the Valuation of Supply under GST?Old Tax Regime:New GST Regime:DiscountsValuation for Transactions in Foreign CurrencyConclusion Introduction Goods and...
View ArticleUnderstanding the Impact of RoDTEP on Export Businesses
Introduction to RoDTEP Scheme The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, introduced by the Government of India, aims to boost the country’s export competitiveness by...
View ArticleGST Break-up: State Wise GST Collection for July 2024
This is an unofficial release of data that we have presented in this blog, it’s purely from the media and sources that were available online. As the GOI hasn’t published the detailed report for June...
View ArticleWhy Was A New GST Registered After The Suo Moto Was Revoked?
Cancellation of GST registration ‘suo moto’ signifies that the tax authority decided to cancel the registration independently. According to Section 29(2) of the CGST Act, the tax office needs a good...
View ArticleLatest GST News Updates, Notification, and Announcements
Latest GST Updates 1. 2023 Latest GST News Updates 31st March 2023 CGST Notifications 02/2023 to 08/2023, released on March 31, 2023, put the following GST Council recommendations into effect: (1) Late...
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