What is GST? GST is brought in to bring all the taxes under one regime. The sum of the following taxes results in GST. Hence all the taxes claimed on manufacturing, trading, importing, exporting, consumption of goods and services are now popular as GST. It has merged the central and state taxes. But GST has …
Introduction to GST: GST is an indirect tax that is imposed on the supply of goods or services or both. To gather GST, supplies are classified as Inter-State supplies, which mean goods exporting from one State to another, and intra-State supplies which means products in the State.The Central Government charges the improved tax by the …
GST (the Goods and Services Tax) is an indirect tax that has substituted multiple indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was enacted in the Parliament on 29th March 2017 and is effective since 1st July 2017. In other words, Goods and Service …
The transportation of goods from one point to another is facilitated by the filing of ‘E-Way Bills.’ It is done on the common GST portal. Likewise, the GST Council, in its 35th meeting, has chosen to implement a system of e-Invoicing. It will be applicable to particularized categories of persons. The CBIC formally announced the …
E-invoicing under GST: A Broad Overview of Electronic Invoicing Read More »