Recent posts on GST – Goods and Services Tax

In GST law, Input refers to any goods or services or both used by a registered taxpayer to create the finished product and/or to render services to the

In GST, tax invoice, bill of supply, delivery challan, credit notes and debit notes are considered as a very important document. As per GST law, a registered person

A registered person must issue tax invoices under the GST law to its recipient for supplying goods or services or both in India. Time period for issuance of

A registered person has to pay GST for all taxable supplies of goods or services or both on or before the 20th of the following month for which

As per the standard practice, numerous discounts are given by the supplier to their customers such as trade discount, cash discount, performance discount etc.  These discounts are reduced

Goods and services tax (GST) is levied as a percentage of the value of supply of goods and/or services. Therefore, value of the supplies becomes very important to

Goods and Services Tax or GST is payable on supply of goods and/or services in India. However, to charge GST, one of the most important thing to find

Goods and Services Tax (GST) is payable on supply of goods and/or services in India. However, to charge GST, one of the most important thing to find out

As per section 49(7) of the CGST Act, 2017, all liabilities of a taxable person shall be recorded and maintained in an electronic liability register. As per rule

Electronic credit ledger is maintained in Form GST PMT-02 for each register person eligible for input tax credit on the common portal. Every input tax credit as self