Goods and Services Tax(GST) is also known as indirect tax or consumption tax in India on the supply of goods and services. It is a comprehensive, multistage, and also known as destination-based tax. The GST in India is comprehensive because it has subsumed almost all the indirect taxes exc...
The GSTIN is a 15-digit alphanumeric code issued to every registered taxpayer in India under GST regulation. It is an important tool for tax authorities to monitor compliance and private tax evasion and to ensure smooth tax administration in India. ...
The GST introduction will help in the free flow of the goods and services from one part of the nation to another without any barriers which will undoubtedly help in eliminating delays on one hand and reduce the cost of the production on the other. The paper industry which is one of the ...
The introduction ofe-invoicewas approved by GST council at its 37th meeting held in the month of September,2019 with the key objective to ensure inter-operability of e-invoices across the GST eco-system. Invoice being a key document and e-invoicing being a reform related to it, it is sup...
2000: Prime Minister Atal Bihari Vajpayee sets up a committee to draft the GST law, marking the inception of the GST concept in India. 2004: A task force led by Vijay Kelkar recommends the introduction of GST to improve the indirect tax system. ...
GST has had a significant impact on India’s economy since its implementation in 2017. Here are some of the key ways in which GST has affected India: a.Simplification of Tax Structure:Before the introduction of GST, India had a complex tax structure with multiple indirect taxes like excise ...
Introduction The journey of GST started way back in 2000, when the Atal Bihari Vajpayee government first thought of exploring the avenues of GST in the country. 14 years later, the potential GST Bill benefits were brought up for discussion once again, ultimately leading to GST becoming the law...
Introduction to GST Number : 08AZAPK4612R1Z1- Dealer Name (Trade Name) SHREE LAXMI BUILD PLAZA Legal Name of Business SITA RAM KUMAWAT GSTIN of the Tax Payer 08AZAPK4612R1Z1 Principal Place of Business Address BYPASS CIRCLE,opp. road no. 14, SIKAR ROAD,JAIPUR, JAIPUR District Jaipur (...
The introduction of Goods and Services Tax (GST) in India starting from July 1, 2017 was a landmark move in the history of Indian tax reforms. The pre-GST regime characterised by VAT rate varying between products and states bequeathed a ... A Thomas,SR Nair,M Devaprasad - 《Working Pap...
The Goods and Services Tax (GST) landscape in India is set for a significant shift with the introduction of the GST e-Invoice Rule Change 2025. This is because businesses will be required to upload their e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. Thus,...