Connect with us +91 966 777 9615
With the introduction of Goods and Service Tax (GST) in India from July 1, 2017, the word ‘services’ has been defined under Section 2(102) of Central Goods and Service Tax Act, 2017 (CGST Act) to mean anything other than goods, money and securities. However, the activity with regard to the use of money or its
Learn More
GSTR-3B vs GSTR-2A is an essential exercise that businesses must not miss out. It helps businesses affirm the full Input tax credit (ITC) and reverses any excess ITC claimed. In turn, the reconciliation before filing GSTR-3B will help avoid any capable demand notices from the tax authorities. With GSTR-2B, matching ITC to be affirmed in
Learn More
CGST is a tax levied on Intra State Supplies of both goods and services by the Central Government and will be governed by the CGST Act. SGST will also be levied on the same Intra State supply but controlled by the State Government. It implies that both the Central and the State governments will agree
Learn More
The government introduced the Goods and Service Tax Act (GST) in India on July 1 2017, to implement a unified tax structure that yields increased transparency and accountability. Availing input tax credit (ITC) is one of the essential processes under GST. A taxpayer is entitled to claim the input tax credit of the inward supplies
Learn More
We all know that the entire world including, India, is being adversely impacted by the Coronavirus pandemic and is fighting hard to save humanity. The medical warriors and frontline workers are leaving no stone unturned in treating covid patients and inventing vaccines. To defeat this virus, we need an adequate supply of medical goods such
Learn More
