Tips to Read The Budget

On February 1, 2020

Finance Minister is all set to present her second budget and we are all set to make you understand the intricacies of it. Like always, we are here to enhance your knowledge with our easy-peasy article you will be a budget expert in no time. With the budget fervour on, we are here to tell […]

Union Budget 2020 Expectations: GST

On January 27, 2020

Everyone is busy with financial planning for the year 2020 and the Finance Ministry is busy with the planning of the upcoming Budget 2020. The union budget for the fiscal year 2020-21 is scheduled on 1st February 2020 and Sitharaman is all set to present her second budget as a Finance Minister. There are many things on […]

ITC: Conditions To Claim Input Tax Credit under GST

On January 18, 2020

Input Tax for a taxable person is the Goods and Services Tax levied on him/her for the supply of goods or services to him/her, which are used or are intended to be used, for the development of his business. ITC under GST is the most critical activity as well as a matter of concern for […]

What is Input Tax Credit (ITC) and how to claim it?

On January 11, 2020

Implementation of Goods and Services Tax in India has been considered as one of the biggest reforms. People are getting acquainted with the process and GST, however, there is still a lot to learn and know about it for the common mass. So, here we are with the new topic and information about it, this […]

New Changes in New Year Under GST

On January 10, 2020

The New Year isn’t only meant for philosophical, physical and emotional resolutions but also demands new financial resolutions to relieve the stress on your pocket. To help you plan this, we bring you the new changes done under the GST. Be a good taxpayer and consider these changes to plan 2020 financially. Here are the […]

Brief Introduction: What is GSTR 2A?

On December 28, 2019

GST has been keeping people on toes since its implementation. One needs to learn a lot in order to file tax returns and that too monthly. It sure does sound very complicated but if one starts understanding the basics, there is not an easier thing other than this. Let’s start with the basic GSTR 2A […]

38th GST Council Meeting Highlights

On December 20, 2019

Since the implementation of GST, every day there are new additions or changes in the process so that it can be simplified further. To add to this list, the GST council recommended few more changes in its 38th GST Council Meeting. The meeting was headed by Union Minister for Finance & Corporate Affairs Smt. Nirmala […]

Offences and Penalties under the GST Act

On December 19, 2019

What is an offence under GST? An offence under GST is the breach of GST rules and violations of provisions of the GST Act. There are severe penalties for the lawbreakers and to avoid such penalties you must have the information about these offences. There are 21 offences in total that come under the GST […]

Cancellation of GST registration for non-filers of GST Returns

On November 19, 2019

The Goods & Services Tax (GST) Administration is going to bridle the non- filers of returns following lower than expected tax mop-up. The administration is all set to act tough with the non-filers of returns by cancelling their registration. In technical terms, the filing of returns helps tax authorities to estimate the tax liability and […]

Clarifying Input Tax Credit Claims under New GST Rules

On November 13, 2019

Since its implementation in 2016, GST laws have been kept on changing. In recent times a lot of big amends have been done to simplify GST for taxpayers. To add to the list is the latest GST circular released by Central Board of Indirect Taxes and Customs (CBIC), which is here to end confusion over […]