Goods and Services Tax (GST) will be a transformational restructuring of Indian taxation system by developing common unified national market and reducing cascading effects of tax on goods and services. This will lead to complete overhaul of indirect tax structure in India. The main objectives of ...
India's Goods and Services Tax (GST) regime has significantly altered the landscape of indirect taxation in the country, aiming to streamline processes and reduce cascading tax. We discuss how the system works for goods and services trade, applicable rat
This article provides a walkthrough of the features that are related to Goods and Services Tax (GST). It also highlights the effect of GST on various types of commerce business transactions, and shows the accounting and posting of transactions where the receipt is printed at the point of sale...
Create HSN and SAC codes for all goods and services. The GST rates that are applied depend on the HSN or SAC codes that are assigned to the goods or services. HSN: Go to Tax > Setup > Sales tax > HSN code. SAC: Go to Tax > Setup > Sales tax > Service accounting codes. You ca...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previous complex and inefficient tax regime to embrace the long-awaited Goods and Services Tax (GST). It has been a significant economic move post-in...
GOODS AND SERVICES TAXGST IN INDIA商品及服务税GST在印度 GOODS AND SERVICES TAX (GST) IN INDIA BHALLA CO. Chartered Accountants 307 LUSA TOWER, AZADPUR, DELHI 110033 Tel. : (O) - Fax : -{R} -{M} 9810067811 E-mail: kumarbhalla@ A presentation by CA R.K.BHALLA What is GST? ‘G’...
Goods and Services Tax (GST) has been introduced in India since July 1, 2017. A review of the massive changes in the Model Law on Goods and Services Tax (GST) is needed for all enterprises in India. This will include a thorough study of Goods & Services Tax, identifying changes to any...
India GST Tax Details Exporting Goods and Services under India GST E-Way Bill for India Creating Statutory Adjustment Journal Electronic Invoicing for India Sending Customized Notifications Voiding Transactions for India Generating Invoices with QR Codes for India ...
GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India. The...
The portal provides eminent updates about the ongoing details and news on GST filing, taxes, news on evasion, etc. Such news will keep you updated about the information of everything going on in the Goods and services tax arena. Also, our SAG infotech bl