Impact of GST on Imports and Exports in India
Launched on July 1, 2017, the GST has changed the way businesses are done in India. In this article, we examine the impact of GST on imports and exports.
How to Manage the New GST Audit in India
The purpose of GST audit is to allow taxpayers to assess their own tax liability without any intervention from tax authority. The last date for filing GST audit report for fiscal year 2017-18 is June 30, 2019.
GST Composition Scheme for SMEs in India
The composition scheme under the Goods and Services Tax allows SME suppliers of goods (intrastate) to file their GST returns at a fixed rate. We discuss the advantages and challenges of the scheme.
GST E-Way Bill Makes Transportation of Goods in India More Efficient
India introduced the e-way bill system under GST in April, 2018 to ensure greater tax transparency and a hassle-free movement of goods from one state to another. Here, we discuss the system and its registration process.
GST Update: Back-Office Support Services to be Taxed in India
Back-office support services in India will not qualify as exports but intermediary services, and will be liable to 18 percent goods and services tax (GST)
Foreign E-commerce Firms to Register for GST in Every Indian State
New provisions for tax deducted at source (TDS) under the GST law require foreign e-commerce firms to register in every Indian State. Read to know the details.
Claiming GST Refund Made Easier in India
Businesses in India can now claim their GST refund by submitting a single form. Here, we discuss the different types of GST refunds available and the process for claiming it.
GST on Inter-State Office Services: Karnataka AAR Makes Companies in India Nervous
Employee services from the headquarters of a firm to its offices in other states will attract GST as it will be considered a taxable ‘supply of service’ under the CGST Act, as per a Karnataka AAR order.