Latest updates on GST – Finance, Insurance, Health & More
Discover how Input Tax Credit (ITC) can reduce your GST liability. Get insights into eligibility, calculation, and common mistakes to avoid.
The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, introduces several amendments to the Goods and Services Tax (GST) laws. These changes aim to streamline tax compliance, enhance trade facilitation, and improve tax administration. Here are the key takeaways from the proposed amendments: 1. Distribution of Input Tax Credit for Inter-State Supplies A […]
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In India, Goods and Services Tax (GST) has simplified the tax structure for businesses, unifying various indirect taxes. However, there are specific provisions in GST that cater to different types of businesses, such as traders and manufacturers. These provisions ensure that businesses with distinct operations follow the most suitable tax regulations for their needs. One […]
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The Goods and Services Tax (GST) has been a game-changer for businesses in India, simplifying the indirect tax structure and promoting compliance. Among its features, the Composition Scheme stands out as a beneficial option for small businesses, including restaurants and small traders, to ease their tax compliance burden. But how exactly does the Composition Scheme […]
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The Goods and Services Tax (GST), implemented in India in 2017, revolutionized the way businesses operate and manage their supply chains. GST replaced a maze of state and central taxes with a unified tax system, streamlining the entire process and increasing efficiency. However, its introduction brought about significant changes that affected various aspects of the […]
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In the era of digital transformation and transparency, today we have many software and facilities for issuing GST-compliant invoices. Certainly, all the software issue tax invoices which are different in their formats. It must contain certain details which are mandatory by law. Also one must issue such invoices within a stipulated time frame. A valid […]
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