From July 1, all the mobile phone users will have to shell out more for their mobile phone usage. The Goods and Services Tax (GST) Council has put

Goods & Services Tax (GST) is a comprehensive indirect tax system which works on self-monitoring mechanism. Under GST a normal taxpayer needs to file monthly returns and an annual return.

GST has provided an easy and simple way of payment of taxes. Under GST regime, all the taxpayers will get three electronic ledgers namely

As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the new tax regime, people are still bewildered whether under GST property rates will access or not ?

Goods and Service tax will be one tax to subsume all taxes. It will bring in the To maintain a check and examine whether correct GST is being paid and the refund is claimed…

Back-of-the-envelope calculations say logistics costs would come down by at least 20%. Companies could do this with a hub-based warehouse system instead

Where a supplier is not required to charge any tax, he shall raise a bill of supply instead of invoice. Bill of supply will be raised by:

The government has clarified rules of invoicing under GST along with a template of invoice (GST INV-01) covering particulars like supplier’s details, GST tax rates etc.

Goods and Services Tax aims at providing seamless flow of credit throughout supply chain.

All registered taxpayers are free to design their own invoice format under GST However, it is required that certain fields as mentioned in the invoice.

E-commerce retailers are trying their best to finish their pending stock. They are luring customers by giving discounts.

Before the RERA, Real Estate Agents were not required to get their business registered and thus resulted into many manipulation and fraudulent activities