GST Payment Online – How to Pay GST Online?
GST payment can be done through both online and offline methods. In this article, we will discuss how to pay GST online. To pay GST online, you will need to have a GST-registered account on the GST portal. There are a few other factors like the type of taxpayer you are and the liability amount […]
GST on Advance Payment Received From Customers
GST (Good and Services Tax) is a tax paid on the product or service once it is delivered or at the instance of receipt of payment. So, what about the situations where the supplier asks for advance payments on goods/services? When and how much tax needs to pay for advance payments received in India? Are […]
GST Registration Govt Fees details 2021-2022
Are you looking for information on GST registration fees in India? Do you wish to accelerate your mental horizon with the nitty-gritty of GST Registration Government Fees details? It’s time to stop worrying. We are right here with all the relevant and up-to-date information you need about GST Registration Government Fees details. Let’s start with […]
Online GST Registration for One Person Company
The contribution of “One Person Company” to the growing Indian economy has been on the rise for the past couple of years. This has reached new heights in the growing business ecosystem of the nation. Though it’s a welcoming scenario for the upcoming entrepreneurs, there are certain doubts regarding the topic of GST Registration for […]
What is an e-Way Bill? How to Generate GST e-Way Bill
In India, the transport system is regarded as the basic economic artery of the country. More specifically, logistics transportation via land, sea, and air provides a critical link between production and consumption. The government has introduced the GST E-way bill system to make this supply-chain network more efficient. GST E-way bill is a digitized compliance […]
Difference Between Udyog Aadhaar and Udyam
MSME registration has been the key to availing various benefits that the government extends to MSME enterprises. When it comes to MSME registration, there are two prevalent forms of registration – Udyog Aadhaar registration and Udyam registration. People often use Udyog Aadhaar and Udyam interchangeably. While both serve as MSME certificates, it might intrigue you […]
Comparison of Private Limited Company And Limited Liability Partnership
INTRODUCTION: If you are starting a new business and want to register a company but can’t figure out which type of company you should get registered with? Should it be a limited company or a partnership firm? As you start a new business, these are the questions that first appear in your mind. Because there […]
CBIC Extends Timelines for GST Compliances Related to GST Payments & GST Refund
The CBIC has exercised its power to relax certain timelines under the GST law. The relaxation focused on providing relief of 2 years starting from 1st March 2020 when the Covid-19 firstly induced lockdown across the country. Following are the original timelines and relaxation provided by the CBIC: For the following instances where fraud or […]
How to Cancel Udyam Registration?
Udyam registration is the primary Micro, Small and Medium Enterprise registration (MSME registration) under the Ministry of MSME. MSME businesses can get themselves registered as MSME with an entirely online application process. Being registered as an MSME has its own set of benefits and perquisites. However, many times, businesses decide to cancel their Udyam registration […]
How to File GST Return Online
What is a GST Return? A GST return is a document that contains details of the sale, purchase, output tax, and an input tax credit of a registered person. The registered person files the returns after furnishing all the necessary details on the GST portal. The government authorities then calculate the net tax liability of […]