Key Takeaways GST was introduced to simplify indirect taxation in India. It sought to simplify the process and unify the fragmented and complex taxation system. Yet, many questions still arise about how it works and in which cases GST is applicable and in which cases it is not. One such question is GST on exchange […]
Key Takeaways In today’s world of taxation, adaptability is a vital feature to achieve success in business. Under several situations, companies might need to expand and establish branches at different locations. Here comes the importance of understanding the registration process of an additional place of business under the GST framework. Increasing the size of a […]
Key Takeaways Cess is an important part of the Goods and Services Tax (GST). It helps states make up for lost revenue after GST was introduced. Knowing how to get a refund is essential for businesses that export goods and services subject to this cess. In this blog, we will explain the process of getting […]
Key Takeaways The Goods and Services Tax is a comprehensive indirect tax structure that has reduced the cascading effect of taxation and streamlined operations. By filing returns, be it monthly, quarterly or yearly, registered taxpayers can stay legally compliant, maintaining a clear record of all business transactions.  Under the GST regime, the composition scheme is […]
by Key Takeaways Crediting of IGST cash balance to CGST is a process through which the funds available in the IGST account may be utilized to meet CGST liability. This transfer is crucial in companies with constant disharmony between amounts paid and amounts received in taxes. You can also avoid penalties or interest charged on the […]
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