Table of contents: Specific HSN Codes for Ferrous Waste and Scrap Understanding the Structure Importance of Correct HSN Classification Types of Ferrous Waste and Scrap Covered Industries Impacted Global trade dynamics Environment conditions Current Challenges HSN...
Table of contents: What is Interstate GST? What is Intrastate GST? Difference between Intrastate and Interstate GST on – Applicability Tax Structure Place of Supply Input Tax Credit Registration Requirements Compliance and Returns Frequency of Filing Returns...
The Goods and Services Tax Network (GSTN) forms the digital backbone of India’s GST system, ensuring seamless transactions, tax compliance, and enhanced transparency. While most know GSTN for managing registration, filings, and tax returns, there are several...
Table of contents: Understanding DRC-01 notice How to respond the notice Common issues leading to issuance Consequences of ignoring the DRC-01 notice How to file response with guidelines Legal framework around DRC-01 Role of DRC-01 in GST Compliances Conclusion The...
Understanding the cascading effect in Goods and Services Tax (GST) is crucial as it addresses a significant issue in the pre-GST tax structure. This article explores the concept in detail, explaining its implications for various stakeholders in the economy. Definition...
Jamshedpur, popularly known as the Steel City of India, is a shining beacon of industrial progress in the country. Located in the eastern state of Jharkhand, this city is renowned for its massive steel production and industrial significance. The city holds historical...
India’s stainless steel pipe industry has become a significant player in the global market, reflecting the country’s growing industrial capabilities. The stainless steel pipe market has seen a steady rise due to its importance in various sectors such as...
Table of contents: Explaining CGTMSE and CGFMU Comparison Loan limits Comparison on Coverage and Guarantee Fees Claim settlement process Comparison on Eligible Enterprises Differences in Application Process Target Audience for Each Scheme Recent Updates Conclusion In...
Table of contents: What is ARN – its role and importance Step-by-step guide to track GST ARN status GST ARN statuses and their meaning Documents Needed for ARN Application Common Mistakes During GST Registration Troubleshooting ARN Tracking Issues How to Resolve...
The GST Council was established in September 2016 as part of the 101st Constitutional Amendment Act, marking a monumental shift in India’s taxation system. Prior to GST, the Indian tax landscape was fragmented, with multiple indirect taxes levied at various levels of...
Table of contents: Overview of the 54th GST Council Meeting Agendas of the Council Meeting Major Decisions from the GST Council Meeting Outcome and Implications of the 54th GST Council Meeting Future Agenda of the GST Council Conclusion The 54th GST Council Meeting...
Table of contents: An overview of Section 17-5 of the CGST Act Clause (a) – Blocked ITC on Vehicle Clause (ab) – Vehicle Repairs and Insurance Clause (b) – Employee-Related Expenses Clause (c) – Construction and Works Contracts Clause (d)...
