Key Takeaways Being a value-added tax, the Goods and Services Tax (GST) is applied to almost every supply that is sold in India for domestic consumption. Having an idea about how GST payments are processed on the common portal is crucial to ensuring your customers receive a steady supply of products or services. That being […]
Key Takeaways Authenticating transactions is a key aspect of business compliance. To simplify this process, the Goods and Services Tax Network (GSTN) has introduced an Electronic Verification Code (EVC). This authentication technique has transformed digital transactions, providing both enhanced security and ease of use. To learn more about EVC in GST, go through this blog. […]
Key Takeaways Liquidated damages usually come into play when there is a contract breach like failure to meet performance standards or non-delivery of goods. In this blog, you will explore the concept of GST on liquidated damages, understand the applicable GST rates, and find out who can issue the GST invoice in such cases. Read […]
Key Takeaways Cross-charge transactions emerge as a vital approach for allocating the cost of provision of services among different entities in a corporate framework. They play a crucial role in facilitating the seamless movement of assets, services and value, often across various locations and divisions of a company. You must grasp the implications of cross-charge […]
by Key Takeaways A proper officer reserves the right to issue Form DRC-08 in GST to taxpayers on behalf of the tax authorities. Taxpayers can reply to such an order or if this kind of order is rejected. The reply by the taxpayer needs to include valid reasons and supporting documents that validate the reasons. Learn […]
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