Interim Union Budget 2024: Goods and Services Tax (GST)

Interim Union Budget 2024: Goods and Services Tax With elections approaching, Finance Minister Nirmala Sitharaman presents an Interim budget for 2024, addressing the various schemes, programs, and economic development. This article gives information on GST and its proposed changes outlined…

GST Taxpayer Categories and GST Registration Procedure

GST Taxpayer Categories and GST Registration Procedure in India Understanding the different types of GST registration is crucial for anyone looking to register as a new taxpayer in India. Before you embark on the registration process, it's essential to identify…

GST Rates for Different Goods and Services in India

GST Rates for Different Goods and Services in India Understanding GST rates is crucial for entrepreneurs as they can impact the pricing of goods and services. The GST Council of India regularly updates these rates, influencing the cost of various…

GST Quarterly Return filing Option for Small Businessman

GST Quarterly Return Filing Option for Small Businessman The CBIC (Central Board of Indirect Taxes and Customs) introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under GST to assist small taxpayers with a turnover of less…

Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B

Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B Recently, on 29th June 2023, an advisory was furnished by GSTN. As per the advisory, new functionality was enabled on the GST portal. The new functionality lets the…

Companies (Share Capital and Debentures) Amendment Rules, 2023

Companies (Share Capital and Debentures) Amendment Rules, 2023 On January 21, 2023, the Ministry of Corporate Affairs (MCA) released the Companies (Share Capital and Debentures) Amendment Rules, 2023. These rules aim to further amend the Companies (Share Capital and Debentures)…

GST E-Invoice QR Code Verifier App by GSTN

GST E-Invoice QR Code Verifier App by GSTN The GSTN has developed a highly efficient e-invoice verification application after recognizing the significance of streamlined and precise e-invoice verification. It enables users to authenticate e-invoices using the prominently displayed QR code.…

Search and Seizure Under GST Law

Search and Seizure Under GST Law The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. To ensure compliance and prevent tax evasion, GST law empowers tax authorities with…

Mandatory GST e-invoicing for taxpayers exceeds threshold limit of INR 5 crore

Mandatory GST e-invoicing for taxpayers exceeds threshold limit of INR 5 crore The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 10/2023 - Central Tax, dated May 10, 2023, introducing a new turnover limit of INR…

How to track GST Return Filing Status?

How to track GST Return Filing Status? The Goods and Services Tax (GST) is an indirect tax system introduced in many countries, including India, to simplify and streamline the taxation process. Under the GST regime, businesses must periodic returns to…