GST on UPI Payments: Applicability, Charges and Exemptions Unified Payments Interface (UPI) has become one of the most preferred digital payment options for both everyday users and small businesses. Its…
GSTR-9 is an annual GST return that must be filed by 31st December of the year following a financial year. It includes details of your sales, purchases, and GST paid…
GSTR-9C is an annual GST reconciliation statement that must be filed by eligible taxpayers. Every registered person whose aggregate turnover in a financial year exceeds ₹5 crore is required to…
GSTR-3B is a summary GST return that taxpayers are required to file regularly to report sales, input tax credit (ITC) claims, tax liabilities, refunds, and other details linked to their…
The introduction of GST has transformed the way exports are handled in India by creating a more transparent and simplified tax structure. Under GST, exports are categorized as zero-rated supplies,…
The GST framework for old and refurbished cars has been streamlined, bringing more clarity and ease for both dealers and buyers. Following the 55th GST Council meeting, a uniform 18%…
Section 17(5) of the CGST Act, commonly known as blocked credit or ineligible input tax credit (ITC), is an important provision as it directly affects GST cash payments and working…
Staying updated with GST news is crucial for every business to ensure timely and full compliance. Here, we bring you the latest developments from the CBIC, GST Council, and GSTN…
Under GST, the event of Supply is treated as the basis for charging tax. The tax liability arises at the time of supply of goods or services. Therefore, identifying whether…
What is GST in India? GST, or Goods and Services Tax, is an indirect tax that replaced several earlier indirect taxes in India, such as excise duty, VAT, and service…