by admin | May 30, 2022 | GST
GST’s impact on traders and manufacturers in India includes elimination of cascading effect, composition scheme for small traders, consolidation of the erstwhile indirect tax laws, etc. GST provided multiple benefits to the manufacturers and traders. While overcoming...
by admin | May 29, 2022 | GST
India implemented Goods and Service Tax (GST) on 1st July 2017, replacing several indirect taxes like VAT, Excise, service tax, etc. Every startup, small, and medium businesses, need to apply for a GST registration number, also referred to as GST Identification Number...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 20, 2022 | GST
Recovery of notice pay has become a bone of contention between the GST authorities and the industry and the litigation has its origins in the negative list regime of Service tax and has now crept into the GST. Let us examine the various enactments, which may enable us...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 19, 2022 | GST
On April 15th, 2020, the government took a historic step towards its goal to get the entire Indian population insured. As a part of order No. 40–3/2020-DM-I (A) (Issued as consolidated revised guidelines...
by Rohit Kumar | May 16, 2022 | GST
After the implementation of the GST law, certain provisions were introduced that could prove beneficial for taxpayers. One of the major changes was the introduction of e-invoicing provisions under GST. The e-invoicing was implemented in a phase-wise manner and with...
by admin | Apr 29, 2022 | GST
Businesses in India must comply with the Goods and Services Tax (GST), rolled out from 1st July 2017 onwards. For every economic activity, GST is expected to impact the prices of commodities, investments, and business operations. Businesses that do not comply with GST...
