Impact of GST on Personal Loans
Taxes are levied on all products and services purchased and sold in India. All loans, including personal loans, follow the same rules. This is so because banks and other lending organizations provide loans to borrowers as a service. The Goods and Services Tax (GST) is the country’s greatest tax reform. It was created with the […]
E-Invoicing under GST
The term “e-Invoicing” as used in the GST law refers to electronic invoicing. Similar to how a firm that has registered for GST utilises an e-way bill when moving products from one location to another. Similar to this, certain recognised GST-registered firms are required to produce an electronic invoice for B2B transactions. B2B invoices are […]
How to Register a Startup in India
Many individuals in this world have business ideas in their heads, but very few people actually know how to start a business and make it lucrative. Startups are a rediscovery of the twenty-first century that have recently altered the commercial landscape. Even if there are a tonne of advantages, do we know how to register […]
GST State Codes and Jurisdiction HSN Code
The GST jurisdiction is critical for the efficient processing of returns, applications, and assessments, as well as the availability of legal services. To make GST registration easier for enterprises and professionals, the government has classified jurisdictions based on geographical region, PIN numbers of various locales, and unique districts. Quick check: Check any lender’s RBI registration […]
GST State Codes and Jurisdiction
The GST jurisdiction is critical for the efficient processing of returns, applications, and assessments, as well as the availability of legal services. To make GST registration easier for enterprises and professionals, the government has classified jurisdictions based on geographical region, PIN numbers of various locales, and unique districts. Quick check: Check any lender’s RBI registration […]
Tips to Move your Business Online
Here are 8 tips to move your business online. Every business owner wants to put their products or services in front of their potential customers. However, most of the traditional ways cost money and not everyone can buy TV ADs when they are just starting up the business. Don’t worry as it’s still possible to […]
Common Mistakes made during Invoicing
Generating invoices is the most important part of accounting and GST. It might look easy at first glance but generating incorrect invoices may lead to some bad consequences such as late payments. As a business owner, invoicing may seem like a tedious, straight forward task that doesn’t require your full attention. But, it’s absolutely crucial if you want […]
GST Penalties and Appeals in India
All Under GST, the return can be filed both online and offline. Under this new tax reform, there is common e-return for Central Goods & Service Tax (CGST), State Goods & Service Tax (SGST), Integrated Goods & service Tax (IGST) and Additional tax. Under GST, a registered taxpayer shall file GST return at the GST […]
GST Refund
Refund under GST is the process of reversal of taxes paid by the taxpayer, for one or the other reason. You can claim a refund of the tax that you paid if you are eligible for it, by filing a refund return form under GST. Taxpayers & Tax Practitioners struggle around this provision of the GST […]
7 Invoicing Pitfalls
Generating invoices is the most important part of accounting and GST. It might look easy at first glance but generating incorrect invoices may lead to some bad consequences such as late payments. As a business owner, invoicing may seem like a tedious, straight forward task that doesn’t require your full attention. But, it’s absolutely crucial if you want […]