GST Blog

GST On Used Goods - Margin Scheme: As Per The GST Council, GST Shall Apply To Used Goods Or Used Goods As Tax Applies On The Transaction Value. However, If…

GST On Beer and Liquor The GST Council presented Goods and Service Tax (GST) in India on the first of July 2017 to bring together the circuitous charges collected on labor and…

GST on Educational Service -  Educational institutions provide noble service of teaching children for a much better future. GST on certain services provided by the tutorial institutions is exempt or not taxable.…

Zero Rated Supply Under GST Export supplies made by a GST-registered taxpayer are treated as zero-rated supplies. GST zero-rated supplies are eligible for a refund. In their GSTR 3B and…

What is GST Return? A GST return may be a document containing details of all income/sales and/or expense/purchases that a taxpayer (every GSTIN) is required to file with the tax…

What Is A GST Invoice? A GST invoice is issued when a registered taxpayer offers taxable goods or services. Issuing and receiving GST-compliant invoices is a prerequisite for claiming ITC.…

What Is Input Tax Credit? Input Tax Credit implies asserting the credit of the GST paid on the acquisition of Goods and Services which are utilized for the assistance of…

An Overview As to rule 138 of the CGST (Central Items and Services Tax) Act, all firms registered under GST that transport goods valued more than Rs. 50,000/- must use…

Transportation is an important part of the economy, as transportation issues disrupt the entire business channel. For this reason, changes in gasoline prices have a widespread impact on business disruption.…

Goods and Services Tax is an indirect form of taxation that greatly simplifies Indian tax law. GSTR4 serves as the GST return for compound dealers, a scheme offered under the…