Impact of GST on Personal Loans
Taxes are levied on all products and services purchased and sold in India. All loans, including personal loans, follow the same rules. This is so because banks and other lending organizations provide loans to borrowers as a service. The Goods and Services Tax (GST) is the country’s greatest tax reform. It was created with the […]
E-Invoicing under GST
The term “e-Invoicing” as used in the GST law refers to electronic invoicing. Similar to how a firm that has registered for GST utilises an e-way bill when moving products from one location to another. Similar to this, certain recognised GST-registered firms are required to produce an electronic invoice for B2B transactions. B2B invoices are […]
GST Penalties and Appeals in India
All Under GST, the return can be filed both online and offline. Under this new tax reform, there is common e-return for Central Goods & Service Tax (CGST), State Goods & Service Tax (SGST), Integrated Goods & service Tax (IGST) and Additional tax. Under GST, a registered taxpayer shall file GST return at the GST […]
GST Refund
Refund under GST is the process of reversal of taxes paid by the taxpayer, for one or the other reason. You can claim a refund of the tax that you paid if you are eligible for it, by filing a refund return form under GST. Taxpayers & Tax Practitioners struggle around this provision of the GST […]