The Indian Government collects taxes that can be classified into Direct and Indirect Taxes. Direct Taxes refer to taxes imposed directly on the income, earnings, or profits of an individual or entity. These taxes are regulated and administered by the Central Board of...
Goods and Services Tax (GST)
Complete Understanding About GSTR-1A
Introduction to GSTR-1A When it comes to Goods and Services Tax (GST) compliance, there are numerous forms and procedures businesses need to be familiar with. One such form is GSTR-1A. But what exactly is GSTR-1A, and why is it important? GSTR-1A is a GST return form...
GST Advisory on Payment via Credit Card or Debit Card & UPI effective from 19/01/2024
To provide greater convenience to Goods & Services Tax (GST) taxpayers, two new payment methods have been introduced for online GST e-payment, alongside net-banking. These new methods include Credit or Debit Cards and Unified Payments Interface (UPI). The Credit...
Navigating Tax Implications in Collaborative Property Sales to Dealers in India
Introduction:The collaborative approach to property sales in India, where sellers join forces with dealers, offers a unique set of advantages in terms of market reach and efficiency. However, both sellers and dealers must understand the tax implications associated...
GSTR 9 Due Date Annual Return For FY 2022-23
What is GSTR-9 Annual Return? GSTR-9 is an annual return under the GST regime that consolidates all the monthly/quarterly returns filed during a financial year. It is a comprehensive document that provides a summary of the taxpayer's outward and inward supplies, tax...
GST Refunds on Export
In the realm of international trade, the Goods and Services Tax (GST) has brought about a revolutionary change, streamlining processes and promoting ease of doing business. One of the key benefits for exporters under GST is the provision for claiming GST refunds on...
Demystifying the Reverse Charge Mechanism (RCM) under GST
In the realm of taxation, the Goods and Services Tax (GST) has brought about a significant shift in the way businesses operate and interact with the tax framework. Among the various provisions and mechanisms introduced by GST, one that demands our attention is the...
Reasons Why Your GST Registration Might Get Suspended
GST (Goods and Services Tax) registration is a crucial requirement for businesses operating in many countries, including India. It grants the businesses legal recognition and allows them to collect and remit taxes on behalf of the government. However, there are...
Appeal under GST
Any person aggrieved with the order passed by an adjudicating authority can file an appeal in GST before the First Appellate Authority. Who is Adjudicating Authority?Adjudicating Authority is the authority which passes an order or decision against which we appeal. Who...