All the dealers registered with excise authorities and having a valid pan number will be automatically moved to GST with provisional certificate for it in GST registration form 21. Within six months the dealers are supposed to submit the registration GST form in the GST portal along with requi...
What are GST Rates in India? GST rate schedule for goods UnderGST, there are 7 specified rates for goods, each of which have been classified under a Schedule in the GST Rates Booklet for Goods. They are as follows: Schedule I: Nil Rated ...
GSTIN, short for Goods & Services Tax Identification Number is a 15-digit, unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India. Every business operating in a state or Un...
In India, the tax system is unique and different compared to other countries. If you are running your business in India, I'm sure you have come across this term known as'GST Cess.' So, what is a 'GST Cess?' Let me start by explaining the word 'cess.' According to the dictionary,...
Categories included under aggregate turnover to computer GST in India are as follows: As per section 2 (6) of the MGL, aggregate turnover includes the aggregate value of: (i) all taxable and non-taxable supplies (ii) exempt supplies, and ...
What is the GST Refund Process? GST Refund Time Limit What situations lead to refund claims? What are Steps to Submit a Refund Pre-Application Form Refund Process of IGST on Export of Goods (with tax payment) Steps to Apply in Form RFD-01 for Various GST Refund Claims ...
What is good salary in India? This article discusses the national average salary in India, median salary in India, among other information.
The following configurations are needed to resolve this issue: Taxable Document .version.81.xml Taxable Document (India) .version.81.138.xml Tax (India GST) .version.81.138.248.xml GST-related accounts are posted without financial dimensions in the project invoice proposal. The subtotal amount ...
What are the reasons for the public perception that the Income-tax department is corrupt? What are the solutions?Indian Income Tax Department:The Indian Income tax department is a large government department given it needs to cater to a large number of taxp...
Inflation is a term in macroeconomics used as a quantitative measure of the price of a bundle or basket of goods and services. Current year price and base year price of a particular basket of goods and services are used to calculate the inflation rate in the economy....