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ICEGATE--Central-Board-of-Excise-&-Customs-e-commerce-portal
GST (Goods and Services Tax) India

“Mohan: Varun, have you ordered the Machinery from Germany for our new textile industry. Varun: Yes, I just checked the status of our order in ICEGATE services, it just reached the port” Mohan and Varun are planning to import machinery from a foreign country, the ICEGATE portal helps them in a hassle-free and paperless process. ICEGATE stands for Indian Customs Electronic commerce Gateway or e-commerce portal of Central Board of Excise & Customs. ICEGATE is an e-filing service portal for the traders and cargo carriers. It includes custom department andSEE DETAILS

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वस्तु-एवं-सेवा-कर-का-आसान-परिचय
GST (Goods and Services Tax) India

भारत में वस्तु एवं सेवा कर (GST)  का ढांचा क्या हैं ?What is the structure or framework of GST in India?एस जी एस टी क्या हैं ?What is SGST?सी जी एस टी क्या हैं ? What is CGST?यूटी जी एस टी क्या है? What is UTGST?आई जी एस टी क्या है? What is IGST?सी जी एस टी, एस जी एस टी और आई जी एस टी में क्या भिन्नता हैं ? What is the difference between CGST, SGCT, and IGST?वस्तु एवं सेवा कर के तहत “माल या वस्तु ( GoodsSEE DETAILS

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Input-Tax-Credit-(ITC)-under-GST
GST (Goods and Services Tax) India

GST has been implemented by subsuming different taxes with one of the objectives of avoiding the cascading effect of taxes. I.e., the effect of the tax on tax. To overcome this effect, GST consists of a concept called an Input Tax Credit. Input Tax Credit means reducing the tax liability on outputs by the amount of taxes paid on inputs. It is a procedure to avoid charging of tax on the tax already paid on inputs. Say, a business purchased the raw material for manufacturing its final product for RsSEE DETAILS

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GST-RATES-AND-SAC-CODE
GST (Goods and Services Tax) India, HSN

The service sector is one of the dominant sectors in India. It provides millions of jobs every year dna still going strong. It is accounted to be 92 lakh crores of GVA  at present. The same also attracts FDI, so it is important for the domestic and internationally service providing companies to know about SAC codes as defined under Goods and Services Tax.   What is SAC Code SAC (Services and Accounting Code) codes are based on the Harmonized System of Nomenclature which is an internationally recognized system for classifyingSEE DETAILS

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E-way-Bill
e-way bill

The government has introduced the concept of E Way Bill under GST, after abolishing the Border Commercial Tax Post to avoid tax evasion in India. In this guide we will explain you each and every aspect, rule and answer all the queries related to e-way bill system under GST in India. This guide shall cover – What is the meaning of E way bill?Under which section e way bill is required?What is the date from which e way bill has been made compulsory?What are the benefits of e way bill?HowSEE DETAILS

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HSN-Code-and-Rates-under-GST
GST (Goods and Services Tax) India

India’s biggest tax reform – GST was introduced on 1-July-2017. It was introduced after 10 years of research and a countless number of meetings. By the introduction of Goods and Services Tax, it brought the internationally used HSN codes into Indian trade business. Contents :- What is GST Goods and Services Tax (GST) is the value-added tax levied on goods and services we use in the country. It is a single tax structure removing all the previous central and state taxation system. What are GST Rates GST is the singleSEE DETAILS

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IGST-CGST--SGST-and-UTGST
GST (Goods and Services Tax) India

Contents :- What is Central Goods and Services Tax (CGST) What is State Goods and Services Tax (SGST)? What is the Union Territory Goods and Services Tax (UTGST)? What is Integrated Goods and Services Tax (IGST)? How to set off GST amounts? FAQ’s The GST (Goods and Services Tax) regime was introduced on July 1, 2017. It is one of the most significant and revolutionary indirect tax reforms in India post-independence. GST subsumed a number of indirect taxes levied by the Central and State Governments. Taxes such as Central ExciseSEE DETAILS

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31st-GST-council-meeting
GST (Goods and Services Tax) India

The 31st GST council meeting was held on 22 Dec 2018 and some major decisions into Goods and Services Tax law for reduction in rates were pronounced by the council. Get a brief about the important changes and their press release given effect in this meeting. Reductions in rates( press release) In 31st GST council meeting these prominent decisions were taken CategoryOld GST RateNew Reduced rates Cinema tickets above Rs. 100 28%18%Cinema tickets upto Rs. 10018%12%Third party insurance premium of goods carrying vehicles18%12% Air travel of pilgrims by Non-scheduled orSEE DETAILS

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How-to-download-and-make-changes-in-GST-Registration-Certificate
GST (Goods and Services Tax) India

GST is one of the major steps taken by the government to streamline the taxation system of India into one nation one tax. GST abolished or subsumed multiple taxes into a single taxation system. Under this system, all the entities involved in buying/ selling of goods or rendering of services above specified threshold or satisfying stipulated conditions are required to obtain registration for Goods and Services Tax. As per the GST council, entities having annual turnover more than Rs. 40 Lakhs are required compulsorily to register under GST. But entitiesSEE DETAILS

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How-to-make-GST-Payment-Online
GST (Goods and Services Tax) India

Before the advent of Goods and Service Tax, paying taxes was a tedious task. You were liable to pay a variety of taxes like service tax, value-added tax, and several other indirect taxes charged by the Central and the State government. And most of the time, you didn’t knew what is the exact payment procedure. But since the Government has rolled out GST and has been implemented effectively, we (the consumers) have gained greater clarity in tax payment under the indirect taxation regime. Major indirect taxes which were in forceSEE DETAILS

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