This article includes the following key pointers: Introduction Rule 9. Verification of the application and approval Rule 10A. Details of bank account on the common portal…

Introduction Composition Scheme is a scheme introduced in order to benefit small taxpayers. This scheme is applicable to businesses whose annual aggregate turnover in the previous…

Dealing with differences of ITC in GSTR-2B VS GSTR-3B On 4th August, 2023, the Central Board of Indirect Taxes and Customs vide Circular No.38/2023 had notified…

This article includes the following key pointers: Introduction Changes in rate of tax of motor vehicles ABATMENT FOR THE SUPPLY OF USED CARS Taxable Value as…

Introduction: – We all have heard about the fake GST registrations being taken for the sole purpose of tax evasion. The fake GST registrations are taken…

This article includes the following key pointers: Introduction  Conditions where RCM is not applicable Conditions where RCM is applicable Conclusion To know more: https://taxguru.in/goods-and-service-tax/reverse-charge-mechanism-gst-rent-cab.html

The GST Council along with the Union Finance Minister Via virtual mode during their 48th meeting recommended various changes in the gst tax rates and ways…

Today GST, though not the biggest source but has been recognized one of the major source of revenue for Indian Government. To make it a flawless…

As per Section 9(5) of the CGST Act, Electronic Commerce Operator (ECO) is required to pay tax on the supply of services such as Accommodation services,…

Let us talk about the leasing, now a days people purchase properties as a prominent source of Income and future investment, these was considered by government…

The e-commerce sector in India has been growing by leaps and bounds. India has along with the rest of the world been witnessing unprecedented growth in…

•Returns Earlier a Taxpayer was allowed a deviation of 5% in ITC credit availment over and above the amount reflected in GSTR-2B, However, if the taxpayer…