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Understanding ITC Reversal in GST: Rules 42 and 43 Explained
Input tax credit is an essential component of GST, which eliminates the cascading effect of taxes and brings transparency and efficiency to the indirect tax
Explore the vast landscape of GST such as GST information in different languages, GST billing software, GST calculator, e-invoicing, e-way bill, reverse charge mechanism (RCM), input tax credit (ITC), GST filing, GST return, GSTR, HSN code, finance, taxation and more.
Whether you’re a business owner, tax professional, or someone eager to stay informed, CaptainBiz is your go-to resource for GST guidance and billing software.
Understanding ITC Reversal in GST: Rules 42 and 43 Explained
Input tax credit is an essential component of GST, which eliminates the cascading effect of taxes and brings transparency and efficiency to the indirect tax
How to Calculate GST in Excel Sheet? Step-by-Step Guide
Introduction The introduction of GST has brought many benefits to both consumers and the government by streamlining the indirect tax system in India. The significant
What is the Structure of GST in India?
The Goods and Service Tax introduced on July 1, 2017 in India has been instrumental in great economic progress, with a major transformation in the indirect
How E-Invoicing is Shaping the Future of Tax Compliance in India
The digitization wave is reshaping landscapes across sectors, promising enhancements in efficiency and efficacy. Tax Practitioners are experiencing a revolutionary change with the arrival of
Reverse Charge Mechanism (RCM) in GST
As a general rule, the supplier of goods or services is liable to pay GST. However, in certain cases, GST is payable by the recipient
Smart Tax Management: Calculate GST Online and Save Your Time
In the world of business, time is money, and efficient tax management can make a huge difference. One valuable tool that can simplify your tax-related
Simplify Your Tax Calculations: Exploring an Easy GST Calculator
With the introduction of Goods and Services Tax (GST) in India, tax calculations are no longer complex. It was a significant step towards simplifying the
How To Deal With Wrong GST Paid By Mistake
GST represents a novel taxation system with innovative concepts such as determining the ‘place of supply’ and new tax structures. It is a consumption-based tax
What Are the Reasons for Suspension of GST Registration and How to Resolve it
GST regulations provide a strong framework for еnsuring compliancе. Thеsе rеgulations arе pеriodically modifiеd to strеamlinе thе GST systеm and еnsurе fairnеss for all. If
How To do GST Registration Online
GST brought about an epic transformation of the indirect tax system in India, creating a unified, transparent. The efficient tax regime benefiting businesses and uplifting
Understanding the E-Way Bill System in GST: Compliance and Consequences
The e-way bill system was introduced in GST by the Government to check tax evasion. In this system, the supplier or transporter has to register
Best Practices for GSTR-5 Compliance
The Goods and Services Tax (GST) was introduced in India to make compliance easy and to avoid the cascading effect of taxes on the consumer.
The advancement in technology has made it possible for businesses to deliver services from abroad in India through the use of internet. Online Information Database
Late Fees and Penalties for Non-Compliance in GSTR-5
The Goods and Services Tax Act aimed to ease the burden of taxes by integrating multiple taxes into one comprehensive tax and ease compliance. In
GST Implications on Labour Charges | Labour (Contractors) Charges HSN Code
GST applies to every supply of goods or services unless a specific exemption is provided by GST law. “Labour Services” is a very usual nature
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