The Goods and Services Tax (GST) made its entry on July 1, 2017, which is a form of indirect tax country-wide. GST is applied at the time of supply and is based on the consumer’s location. States manufacturers that included Haryana, Karnataka, Maharashtra, Gujarat, and Tamil Nadu were very much concerned about the loss of revenue due to the consumption-based character of GST. Download Lio...
Readers can find a detailed guide on How to change trade name in GST below for easy navigation. There are so many advantages and disadvantages of GST that we will talk about in this article. This article will help us to learn to change trade names in GST registration, which is an essential concern. Many business owners believe that after a GST registration is secured, the business name cannot be...
This article will provide all the information related to E-way bills and how to create E-way bills. But first of all, you will have to know what an E-way bill is. Table of ContentWhat is a Cess?What is Cess in GST?Noteworthy aspects of the GST CessCollection of the GST CessTypes of cess in IndiaThe GST Cess- usesApplicabilityHow to calculate GST Cess?The implication of cess in GSTHow long is it...
If you applied for GST by mistake and received a registration certificate from GST, you may be concerned about the next steps. If you have registered for GST in error and wish to revoke your registration, you may do so only if your annual revenue is less than 20 lacs (total of sale and unregistered purchase). Download Lio Cancellation requests for voluntary GST registrations must be made within...
Lost your email id? Got a new one? Or maybe your business is growing and you want to separate the lines of communication for your business. Download Lio Whatever the reason is, you need to change your email id in the GST portal. Here is our quick step-by-step guide on how to change email id in the GST portal. Table of ContentWhat is a Cess?What is Cess in GST?Noteworthy aspects of the GST...
GST, also known as Good & Service tax is an indirect tax that has replaced several indirect taxes such as VAT, service tax, and excise tax. Passed in the parliament on 29th March 2017 and into effect on 1st July 2017, GST is levied on the supply of goods and services. This is a single domestic indirect tax law in India that is a comprehensive, destination-based, and multi-stage tax that is...