10Oct

Important changes in GST w.e.f 01 OCT 2022

Important changes in GST W.e.f 01-Oct-2022: 1. Time limit extensions with effect from 1st October 2022: Time period extended for claiming ITC related to previous financial year now extended to 30th November 2022. Time limit to…

07Jul

By candbindia 0

GST & Indirect tax

GST ALERT!!!

Goods Transport Agency (GTA) GTA has given 2 options to pay under Forward charge a. 5% Wit0hout ITC b. 12% With ITC Where GTA not exercise the options to pay under Forward charge, then recipient have…

07Jul

By candbindia 0

GST & Indirect tax

47th GST Council meeting Update

Measures for Trade facilitation: a. Relaxation to E – Commerce Operator: Waiver of mandatory requirement for registration under GST for ECO’s subject to the following conditions: Aggregate turnover on all India basis does not exceed…

03Mar

By candbindia 0

GST & Indirect tax

GST Benefits-All Business Owners Should Know

GST BENEFITS-ALL BUSINESS OWNERS SHOULD KNOW Removal of Cascading Effect and Multi-layer taxation Input credit issues: Registration & Composition scheme for Small and Medium businesses QRMP Scheme Refund E-way bill E-invoicing Extended due date to…

03Mar

By candbindia 0

GST & Indirect tax

Challenges Faced Under GST

BY BUSINESS: Increased operational expenses The increased tax burden on Small and Medium Enterprises (SME’s) Multiple registrations for Pan-India businesses Returns must be filed on a monthly basis Registration will be mandatory for e-commerce…

03Mar

By candbindia 0

GST & Indirect tax

Impact Of GST On Small And Medium Enterpresises (SME’s)

Impact Earlier Now 1.Ease of commencement of businesses A business having operations across different state needs VAT registration. Different tax rules in different states lead to complications and a high procedural fees. Under GST, the…

03Mar

By Author 0

GST & Indirect tax, Uncategorized

More and more businesses now required to issue e-invoice

CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of…

01Jan

By candbindia 0

GST & Indirect tax, Uncategorized

How GST Will Impact Business

GST – Goods service tax is a tax procedure followed in India from July 1st 2017 on the supply of goods and services to avoid multiple taxes by the central and state governments. GST is…

12Dec

By Author 0

GST & Indirect tax, Uncategorized

Change in GST Rates

09Sep

By Author 0

GST & Indirect tax

Highlights of 45th GST Council Meeting