GST Registration for Agents & Taxability of Pure Agent

GST Registration for Agents & Taxability of Pure Agent In GST, special provisions have been provided for agents. To begin, GST registration is mandatory for agents, irrespective of annual aggregate turnover in a financial year. In this article, we look…

GST Audit & Certifications – By Chartered Accountants

GST Audit & Certifications - By Chartered Accountants GST audit would have to be periodically conducted on entities registered under GST by a Practising Chartered Accountant or GST officer to ensure that proper compliance is maintained. In this article, we…

GST Invoice – Comprehensive Guide with Invoice Formats & Examples

GST Invoice - Comprehensive Guide with Invoice Formats & Examples GST invoice or tax invoice is a commercial document that must be issued by a seller to a buyer. Entities registered under GST must issue GST invoice for every taxable…

Export Bond for GST & Letter of Undertaking

Export Bond for GST & Letter of Undertaking Entities involved in export of goods having GST registration are allowed to export goods without payment of IGST by furnishing an export bond or Letter of Undertaking (LUT) in Form GST RFD-11.…

GST Registration for Branches & Business Verticals

GST Registration for Branches & Business Verticals According to the CGST Act, suppliers of taxable goods and services are required to be registered under GST in the State or Union territory, from where the taxable supply of goods or services is…

GST Software – Getting Started with LEDGERS

GST Software - Getting Started with LEDGERS LEDGERS is a free cloud-based GST software from IndiaFilings for helping Indian businesses easily manage GST compliance. Ledgers GST software is easy to use and intuitive. Hence, even small businesses and first-time Entrepreneurs can…

Arrest, Inspection and Seizure under GST – Know Your Rights

Arrest, Inspection and Seizure under GST - Know Your Rights Goods and Services Tax or GST has been implemented in India from the 1st of July, 2017. The new indirect system completely overhauls various taxes like VAT, service tax, central…

Job Work under GST – Comprehensive Guide

Job Work under GST - Comprehensive Guide A significant group of MSME businesses in India are involved in the job work sector, providing outsourced manufacturing services. Job work is a type of outsourced service, wherein goods are manufactured or processed…

IGST on Imports – Calculation Methodology

IGST on Imports - Calculation Methodology The formalities for import and export would change once GST is implemented in India on 1st July, 2017. Under GST, certain types of duties and taxes like Basic Customs duty, Education Cess, Anti-dumping duty, Safeguard…

GST TCS For E-Commerce Operators

GST TCS For E-Commerce Operators GST TCS or GST Tax Collection at Source is very similar to GST TDS or Tax Deduction at Source. GST TCS is applicable for e-commerce operators, while GST TDS is applicable for government departments, local…