GST verification is a critical process for businesses in ensuring compliance with Goods and Services Tax regulations. However, this process comes with its own set of challenges that can hinder accurate verification and lead to potential non-compliance issues. In this blog, we will explore some of the common challenges faced during GST verification and discuss […]
The implementation of Goods and Services Tax (GST Verification) in India has had a significant impact on businesses of all sizes, particularly small and medium enterprises (SMEs). One crucial aspect of GST compliance for SMEs is the process of GST verification. This verification not only ensures adherence to tax regulations but also brings several benefits
The Game-Changing Impact of GST Verification on Small and Medium Enterprises (SMEs) Read More »
As a business owner, understanding the various aspects of Goods and Services Tax (GST Verification) is essential for maintaining compliance and fostering a transparent tax environment. One crucial component of GST is the GST Verification (GVN). In this blog post, we will delve into the significance of the GST Verification Number for your business. We
The Importance of GST Verification: Avoiding Penalties and Legal Consequences Read More »
A step in ensuring the accuracy and currentness of the information regarding the taxpayers enrolled under the GST regime is the GST Verification by PAN process. The PAN is a special identification number given to people and businesses by the Income Tax Department. It is used to monitor financial transactions and tax payments. GST verification
Unlock the Potential of GST Verification by PAN: Why It’s Important and How to Do It Read More »
The GST Verification, also known as the Goods and Services Tax was introduced in India on 1st July 2017, as a comprehensive tax levied on the supply of goods and services. The GST replaced various indirect taxes like excise duty, service tax, and VAT, which were levied by the central and state governments. The GST
GST Verification: 10 Best Practices You Need to know Read More »
INTRODUCTION Goods and Services Tax (GST), a One Nation One Tax concept, is an Indirect Tax that replaced a varied Indirect Taxes in India. On 29th March 2017, The Goods and Service Tax Act was finally passed. The Act was enforced and was implemented on July 1st, 2017. The Goods & Services Tax Law in
365 days of GST: A succinct on the indirect tax journey Read More »
VALUATION RULES In simple words, Goods and Service Tax that will be charged on the value of supply made is known as Valuation of Supply under GST. The rules will determine the charging value for GST. The rules are hosted on CBEC’s portal. To make it easier to understand, we have explained the rules or
GST Rules – Valuation and other rules Read More »
COMPOSITION RULES Composition Scheme Rules encapsulates the procedural compliance w.r.t the intimation for Composition Scheme; the effective date for Composition Levy; Conditions and Restrictions on the levy; and Validity of levy and Rate of Tax. A Small businessman who pay taxes and have an aggregate turnover of Rs. 50 lakhs in a financial year is
GST Rules – Composition rules Read More »
GST, Seva Kendra is a Government’s Initiative to help India get access to understand GST and easily file GST-Complaints. GST SEVA KENDRA: CBEC initiated the GST Seva Kendra in the year 2017, February. GST Seva Kendra is one such facilitation center that tends to the needs of businesses, taxpayers and even those who are considering
GST SEVA KENDRA: A GUIDE TO REGISTERING GST – COMPLAINTS Read More »
Goods and Services Tax, also known as GST is a tax imposed on value added goods and services that are used as domestic consumption. The main aim of GST was to create single market in India by replacing multiple tax collection system. It came into force on 1st July 2017. It is the multi-stage, comprehensive and
Taxable person liable for GST Registration Read More »
GST, One Nation One Tax system created a Taxation history on July 1st, 2017. Albeit making Businessmen to stop evading taxes, post – GST era has created inconvenience for them.
How we can help you?
