In the complicated web of tax rules, the Goods and Services Tax (GST) stands out as a key factor that affects how businesses manage their money. As per GST provisions, You as a business owner, need to maintain records not only for the GST department but also necessary strategically to maintain long-term growth. Luckily, the digital age has given us ...
Understanding the provisions of GST may be a hard-nut to crack. You need to go through every provision and comply accordingly in order to receive any notice from the department. There are plenty of cases pending and notices issued against wrongful availment of Input Tax Credit (ITC) under GST Act. No businessman or company wants notice from the department where ...
In the fast-paced world of business, things like brief or lasting shutdowns can happen. If you have no business and the GST number is active, you are obliged to file GST returns and follow the related compliance. So, what to do? It’s better for you to surrender the GST number and get out of the monthly stress of complying with ...
Good luck with your decision to buy the house of which you dreamt of! But are you confused about what GST means and how GST is applicable on flat purchase? This post will guide you everything that you need to know about purchasing land and flat and the applicable GST rates on them. GST on Different Property Purchases: 1. Sale ...
For everyone, selling on e-commerce looks lucrative but it comes with challenges too, especially in case of tax compliance. As an ecommerce seller, you first have to understand the commission and taxes to arrive at the selling price and profit margin in your business. In this post, I will break down GST regulations for online sellers, addressing common queries and ...
You have bought a flat and later, canceled terms with the builder and now, you don’t know what will happen to GST paid on your under-constructed flat. I have a solution for it. Do you know, you can claim a refund from the GST department? In this post, I will discuss every aspect and related FAQs to enable you to ...