SGST / UTGST- State GST / Union Territory GST IGST - Integrated GST What is CGST? CGST rate or Central GST rate is levied on the intrastate supply of goods and services. The proceeds of which will be attributable to the Centre, as per theCGST Act. ...
GST Returns should be filed within the timeframe mentioned to avoid any late fees. A rate of 18% per annum is charged as a late fee. The taxpayer must calculate it based on the amount of tax that still needs to be paid. The time period considered will be from the next day of filing...
It is a GST Identification Number or a GST Number. Breakdown of GSTIN The general structure of GSTIN be broken down into 3 parts, as given below 00 PANNUMBERS 1Z0 State code: The first two digits of the GSTIN consist of the state code (assigned to every state as per Indian Census ...
Input Tax Credit (ITC) is a mechanism that allows businesses to claim credit for the tax they’ve paid on their purchases. Input Tax Credit in GST ensures that companies are only taxed on the value they add at each stage of the supply chain, not on previous stages of production. By usi...
A Credit Note in GST is a typical documment issues by the supplier in one more case. Learn about them here
While the taxation regimes followed by most countries tend to be intimidating and nerve-wracking, the key to understanding them is by starting to understand each of their nitty-gritty. In the case of GST in India, this involves understanding the Forms GSTR-1, GSTR-2A, GSTR-2B, GSTR-3B...
SBI Net Banking YONO SBI SBI Balance Check SBI Corporate Banking SBI FD Interest Rates HDFC Net Banking Canara Net Banking ICICI Net Banking Government Schemes Gratuity Public Provident Fund National Saving Certificate Sukanya Samriddhi Yojana
Exercise such as playing sports is fun, and you can spend time with your friends and family as you play together. And remember, “old habits die hard”. So start exercising before it’s too late! Fast reading Answer the questions 1.What’s the article about? 2. How many ...
12. Import of services purchased from the taxpayers of value added tax, to which Article 28b of the Act applies 29 Net amount of purchases ESSP-PL 30 Notional tax amount of purchases ESSP-PL 13. Supply of goods and services for which the taxpayer is the buyer pursuant to Article 17...
In the official statement, it was said that “Kerala had asked the GST Council for levying cess to fund rehabilitation work. The GoM has recommended to the Council that Kerala is allowed to levy 1% cess for two years. Also, the Centre and states will together decide on increasing the borr...