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)...
Table of contents: Understanding GSTR-6 Eligibility for GSTR-6 Turnover limit Due dates GSTR-6 Return filing process GSTR-6 Format and Form Screenshots Required Information in GSTR-6 Its Importance for ISDs Challenges Best Practices Comparison with other GSTR Returns...
Table of contents: What is Reverse charge mechansim (RCM)? Key Features and purpose of RCM Applicability under RCM including Goods and Service list Liabilities under RCM GSTR Forms Relevant to RCM (GSTR-1, GSTR-2) Input Tax Credit (ITC) on RCM Time of Supply under RCM...
Table of contents: Process to add additional place of business Documents required for APOB Benefits of adding APOB Common Challenges for Businesses Mistakes to avoid Timeline FAQs – helpful for businesses GST registration is a mandatory requirement for...
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) plays a pivotal role in fostering the growth of micro and small businesses in India. By providing loan guarantees, CGTMSE encourages financial institutions to lend to these enterprises, often...
Obtaining financing for Micro, Small, and Medium Enterprises (MSMEs) can often be difficult, particularly when collateral is required. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, backed by the government, helps MSMEs overcome this...
In India, The Goods and Services Tax (GST) regime has streamlined taxation but also introduced new documentation requirements. One of the critical documents in the GST registration process is the consent letter. Whether you are renting a commercial property or using a...
GSTR-4 is a crucial Goods and Services Tax (GST) return form for businesses operating under the Composition Scheme in India. But what is GSTR-4 exactly? It’s a quarterly return that GST composition taxpayers must file to report their business transactions. This...
Table of Contents Who Needs to Register for GST in India? Types of GST Registration Latest GST Updates 2025 GST Challenges and Solutions Conclusion The Goods and Services Tax (GST) has reformed the Indian taxation landscape, simplifying the tax structure and promoting...
Table of contents: What is MUKY Objectives of the MUKY Key features Who can apply? What banks come under this scheme? Application process Benefits of the scheme Challenges and solutions Impact of the scheme Comparison with other schemes Conclusion The Mukhyamantri...
Table of Contents Why GST number Verification is Important? Process to Verify GSTIN number Online How to search for GSTIN with PAN details? How to Understand a fake GST number? Benefits of verification to businesses Common mistakes to avoid Key Authorities Involved in...
Table of Contents What is Supply Under GST? Key Aspects of a Taxable Supply Under GST Importance of Accurate Supply Classification Components of Supply Under GST Classification of Supplies Under GST Scope of Supplies Under GST Conclusion The Goods and Services Tax...
Table of Contents: What is the QRMP Scheme? Eligibility Criteria for QRMP Scheme Benefits of the QRMP Scheme Exercising the Option of QRMP Scheme How to Calculate Tax Under the QRMP Scheme? Interest Under QRMP Scheme Late Fee Under QRMP Scheme Due Dates for Quarterly...
