GST on Construction Services in India As part of increasing the revenue from tax collection, the payment procedure was eased out. Efforts are going on to bring standardized rates for a common service....

GST e-Invoicing process in India From sales tax to VAT to GST, it was a long journey that the Indian taxing system took to evolve. The purpose of the process is to bring maximum businesses, however bi...

GST Refund Introduction: The GST refund process is a smooth flow of funds and compliances till the end. The Government provides a hassle-free refund process to facilitate such a smooth flow. The curre...

GST Registration: GST registration is a mandatory process for every business person whose turnover exceeds Rs. 40 lacks to register as an average taxable person. On July 1, 2017, the GST bill had appr...

What are the offences, penalties and appeals for non-compliance of GST ? 1.A supplier supplies goods or services without any proper invoice or has issued a false invoice. 2.He affects the issuance of ...

Eligibility of “Input Tax Credit” Input Tax Credit (ITC) of the taxes paid on the inward supplies of inputs, capital goods and services which are used in the course or furtherance of the business, sub...

Maintenance of Accounts And Records Under GST Every registered person under GST must maintain all records at his principal place of business as prescribed under Section 35 of the Central Goods and Ser...

Applicability of Reverse Charge Mechanism (RCM) Section 2(98) of the CGST Act, 2017 has defined the term “Reverse Charge” and the same is reproduced as follows Generally, the supplier of goods or serv...

How to claim refund of ITC & tax paid on exports of goods or services How to claim refund of Input Tax Credit and tax paid on exports of goods or services There are 2 modes under which one can carry o...

In these article we will see the resolution to resolved the error of “Invalid Summary Payload”. The steps to resolved the error are: 1. What is Form GSTR -10? Ans. A taxable person whose GST registrat...

GST E Way Bill is an electronic bill which will be required for the movement of goods in case the value of the goods are over 50,000 rupees. The bill can be generated from the GSTN portal and every re...

Tax Deducted At Source ( TDS ) Under Goods and Services Tax Introduction: TDS stands for Tax Deducted at Source is a process to collect tax based on specific percentages on the payable amount by the r...