Legal Entity Identifier for Large Value Transactions

Legal Entity Identifier for Large Value Transactions The Reserve Bank of India (“RBI”) recently issued a circular introducing the Legal Entity Identifier (LEI) for all payment transactions of the value of Rs.50 crore and above undertaken by entities using the…

Difference between CGST and SGST

Difference between CGST and SGST GST or the Goods and Services Tax is the recent addition to the Indian Taxation system and it is levied on the supply of goods and services.  For the business operation to run smoothly GST…