Since e-invoicing is made applicable for Rs. 20 Cr. companies from April 1, 2022, you can have a look at these articles and find some valuable insights for your business. Why small businesses should look forward to E-invoicing? Practical challenges at different stages in e-invoicing Received...
A GST invoice is a detailed document provided by a seller or service provider to a customer, listing the goods or services sold. It includes itemized pricing before taxes, as well as the applicable GST components such asCGST and SGST. This invoice serves as proof of the transaction and is ...
The details of the relevant export invoices in respect of export of goods contained inFORM GSTR-1shall be transmitted electronically by the common portal to the system designated by the Customs and the said system shall electronically transmit to the common portal, a confirmation that the goods co...
Now on, the e-invoice received from the suppliers (to whom the mandate is applicable) will have the extra-information related to invoice reference number (IRN). Hence, the recipients of e-invoices need to be vigilant of applicability of the e-invoicing mandate to their vendor list. Not only...
Reverse charge mechanism under GST is a mirror image to the reverse charge mechanism which was under service tax as is applicable f Read More 01 Jan 1970Posted By: E-StartupIndia Scope of GST on Advocates There is a common perception in the market that providers of the legal services (...
Under GST, the Central (CGST) and state government (SGST) share the authority to levy and collect taxes on goods and services. In the case of Inter-state transactions, Integrated GST (IGST) is applicable. Essential Features of GST Multiple Tax Levels: India’s GST system has multiple tax ...
The taxpayers coming under this category must comply with the invoicing process and complete the process on time. However, there are some exceptions to the categories where the invoicing process is not applicable. All of them are registered persons under the law but are exempted from the invoici...
No GST applicable for Maize (corn) Rice is exempted to pay GST No GST on sale of Grain sorghum? GST is not payable on Buckwheat, millet and canary seed; other cereals such as Jawar, Bajra, Ragi] Nil rate of GST on Flour Aata, maida, besan etc. [other than those put up in unit...
Reverse charge mechanism under GST is a mirror image to the reverse charge mechanism which was under service tax as is applicable f Read More 01 Jan 1970Posted By: E-StartupIndia Scope of GST on Advocates There is a common perception in the market that providers of the legal services (...
Different Rates Applicable on Gold The current pricing for purchasing new gold jewelry is as follows: Customs duty of 10% on imported gold, A 3% GST on the price of gold used in jewelry, Making charges are subject to a 5% GST. Because gold is an imported commodity, it is also subje...