Mixed Supply & Composite Supply under GST

Mixed Supply A mixed supply is one in which two or more individual supplies of goods or services are made as a single supply but such supply does not constitute as a composite supply. For example, a departmental store makes a package on occasion of Diwali which consists of sweets,

Read More »

GST on E-commerce Sellers – 14 Questions Answered

Who is considered as e-commerce operator? CGST act defines electronic commerce as – ” Electronic Commerce means the supply of goods or services or both, including digital products over digital or electronic network.” And defines electronic commerce operator as – “Electronic Commerce Operator means any person who owns, operates or

Read More »

Refund of Unutilised Input Tax Credit for Zero-Rated Supplies

What is Input Tax Credit under GST? Input Tax Credit (ITC) means claiming the credit of the GST paid on the purchase of goods and services which are used for the furtherance of the business. ITC is a mechanism to avoid the cascading effect of taxes. Previously, no credit of

Read More »

Basics of GST with Examples

Introduction Goods and Service Tax (GST) is applicable in India from 1st July 2017. Before 1st July 2017, service tax applies to services and vat, excise duty, etc. apply to goods. After 1st July 2017,  GST applies to trading and manufacturing of goods as well as on providing services. GST

Read More »

Why there was a need for 3 types of GST – CGST, SGST & IGST

Since GST subsumed both indirect taxes of central government (excise duty, service tax, custom duty, etc. ) and state governments (VAT, Luxury tax, etc.),  both the government now depend on GST for their indirect tax revenue. Therefore the GST rate is composed of two rates, one of CGST and one

Read More »

Process of Registration Under GST

Process of Registration For resident persons Format of Goods and Services Tax Identification Number (GSTIN) Process of Registration for Person required to Deduct Tax at Source (TDS) or Collect Tax at Source (TCS) under GST Process of Registration for Non Resident Persons Registration Made by the GST Official Amendment to

Read More »

How to Resolve Error in GSTR-3B

GSTR-3B is required to be filed every month by all taxpayers till 20th of the next month. Although this is a relatively easy form and there is less scope for mistakes. But a mistake in calculating the sales, purchases, input and output taxes is very common. Many a time the

Read More »

GST on Pure Agents

Who is a Pure Agent? In GST act, an agent is a person including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on

Read More »

Valuation of Goods/Services under GST

Valuation at Transaction Value If the recipient and supplier of Goods/Services are not related then the price actually paid or payable is taken as value of good/services. The transaction value shall be accepted even where the supplier and recipient of supply are related, provided that the relationship has not influenced the

Read More »

Our Products

GST & Income Tax Magazine

Our fortnightly magazine covers all important updates and also articles by experts. 

Practice Management Software for Chartered Accountants/Tax Professionals

Manage your practice efficiently. Save your team efforts and time. The only practical software in market with reasonable pricing.

GST Return Status Bulk Checker

Check GST return status of your client’s or suppliers in bulk. Check status of any number of GSTIN with single click. Only GSTIN is required of client or supplier. We use GSTN authorised APIs, so data is always 100% correct.

GST & Income Tax Updates Magazine for Chartered Accountants

Remain updated with latest tax laws

Subscribe Now

Upgrade to paid query in Rs. 499 and get answer within 24 hours