Gst Tax Related Articles

Jan - 2024

30

GST Taxpayer Categories and GST Registration Procedure in India

GST Taxpayer Categories and GST Registration Procedure in India

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 the specific taxpayer category that b ...

Jan - 2024

18

GST for Restaurants in India: A Comprehensive Guide

GST for Restaurants in India: A Comprehensive Guide

GST for Restaurants in India: A Comprehensive Guide The Goods and Services Tax (GST) is an indirect tax reform that streamlined India's intricate tax system. It is applied to producing and distributing goods and services across the country. Restaurants, a vital segment of the hospitality indust ...

Oct - 2023

17

GST Search Taxpayer

GST Search Taxpayer

GST Search Taxpayer GST registration details play a pivotal role in verifying the legitimacy of businesses and ensuring adherence to GST laws. By utilizing the search and verification feature on the GST Portal via GSTIN, individuals can promptly access comprehensive information about registered tax ...

Mar - 2023

18

What is the difference between invoice and tax invoice?

What is the difference between invoice and tax invoice?

What is the difference between invoice and tax invoice? Invoices and tax invoices are integral to all financial transactions in a business. They provide a document that can be used as evidence of a transaction and to calculate taxes due. In India, all sellers registered with the GST must issue a ta ...

Mar - 2023

17

What is tax invoice in GST?

What is tax invoice in GST?

What is tax invoice in GST? The Goods and Services Tax (GST) is a tax imposed on the provision of goods and services in India. The GST is a multi-stage tax imposed on the supply of goods and services throughout the supply chain. It is a comprehensive, destination-based tax levied on every value add ...

Sep - 2022

09

Taxability of Liquidated Damages under GST

Taxability of Liquidated Damages under GST

Taxability of Liquidated Damages under GST As and when there is any breach of contract, the suffering party would be paid the amount in the form of liquidated damage or compensation, penalty or cancellation charges, etc. Notably, there prevailed a lot of confusion in the trade and industry conc ...

Oct - 2019

05

2019 GST Rate on Hotels and Restaurants

2019 GST Rate on Hotels and Restaurants

2019 GST Rate on Hotels and Restaurants On 30th September 2019, the Ministry of Finance (MoF) has notified the revised GST for hotel accommodation, restaurant services, food and beverages served by Indian Railways or India Railways Catering and Tourism Corporation Ltd and for many others through No ...

Mar - 2019

09

Composition Scheme for Service Providers 2020-21

Composition Scheme for Service Providers 2020-21

Composition Scheme for Service Providers 2020-21 Due to the impact of Corona Virus, the lives of the people became highly unstable and the Governments across the globe struggles to lift back the manufacturing and industrial sector. The impact of the devastation forced Governments to lockdown their ...

Jan - 2019

10

GST for Air Travel Agents

GST for Air Travel Agents

GST for Air Travel Agents In simple terms, air travel agent can be said to be a person who is engaged in providing any service which is connected with the booking of passage for travel by air. In this article, we look at the provisions of GST for air travel agents in detail. Broadly, air travel ...

May - 2018

07

GST on Works Contract

GST on Works Contract

GST on Works Contract Under GST Law, works contract has been restricted to any work undertaken for immovable property. As per para 6(a) of Schedule II of the CGST Act, works contract as defined above shall be treated as “Supply.” Thus there is a clear demarcation of a works contract as a supply of ...

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