The concept of e-invoicing under GST was introduced through the 39th GST Council Meeting. Further, the reason behind the introduction of GST e-invoicing was to ensure the inter-operability of e-invoices …
E-Invoicing Under GST: Easily Explained Expert Guide Read More »
Input tax credit means that the taxpayer can reduce the taxes it has already paid on inputs from the taxes it has to deposit on output. In simple words, he can take the credit of the amount of tax which has been paid on procuring of inputs. By doing so, the taxpayer is avoided from paying the double taxes on a single input.
The 47th GST Council Meeting headed by our Finance Minister was held at Chandigarh on 28th & 29th June, 2022. Accordingly, many key decisions were taken from the council ranging …
47th GST Council Meeting: Easy To Know All Key Highlights Read More »
GST Invoices GST invoices are the important documents. This is so because it not only evidences the supply of goods or services but is also an essential document for the recipient …
GST Invoices Bill Easily Explained Guide By Expert Read More »
The GST Council determines the GST slab rates for both goods and services. Additionally, the GST Council also reviews these slab rates on a regular basis. File GST Return Here …
GST being a tax on the event of “supply”, every supplier needs to get registered. However, businesses having Annual Aggregate Turnover (AATO) of more than the prescribed limit as per their business in the relevant State are required to obtain GST Registration.
TDS under GST is required to be deducted by registered persons while making payment to the registered suppliers. Consequently, the TDS amount so deducted is to be deposited with the …
There is no definition of penalty under GST Act. Therefore, in common man’s language, a penalty is a punishment imposed by law for committing an offence. Further, a penalty can …
Penalty under GST Act detailed guide by taxHelpdesk Read More »
In layman’s language, a works contract is a contract of service which may also involve the supply of goods in the execution of the contract. Further, a contract of work …
Works Contract under GST: Know Everything at TaxHelpdesk Read More »
Composite supply is a new concept which has been introduced through GST. Further, the taxable event under GST is supply of goods or services or both. Apply for GST Registration …
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