The Goods and Services Tax (GST) Council has resolved to waive interest and penalties on retrospective notices for the period between 2017 and 2020, which
Introduction – The 53rd GST council meeting and the very first after the election held on 22nd June (Saturday) introduced many things for easing compliance
As the new government is taking charge, the 53rd GST Council Meeting has already been scheduled for June 22, 2024, in New Delhi. The meeting
The West Bengal State Support for Industries Scheme in the year of 2008, was introduced to promote industrial growth. It offered several incentives and support
In the Indian taxation system, the Goods and Service Tax (GST) is one of the significant reforms. The primary purpose of GST is to make
The Goods and Services Tax (GST) was introduced in India to consolidate several state and national taxes, significantly changing the nation’s tax system. GST can potentially reduce
Introduction GST-registered suppliers in India must understand why GST tax invoices are vital. The GST Act mandates issuing a GST tax invoice for the supply
A casual taxpayer under the Goods and Services Tax (GST) system refers to individuals or businesses that are not registered as regular taxpayers but are
In recent years, many countries across the globe have implemented the Goods and Services Tax (GST) as a comprehensive indirect tax system. GST has been
Casual taxpayers play a crucial role in the Goods and Services Tax (GST) system, providing flexibility and convenience for individuals and businesses engaging in sporadic
The GST composite taxpayer scheme has emerged as a beneficial option for startups in navigating the complexities of Goods and Services Tax (GST) compliance. As
The Goods and Services Tax (GST) has introduced a specific category of taxpayers known as GST casual taxpayers. These taxpayers are individuals or businesses who
The Goods and Services Tax (GST) has revolutionized the taxation system for businesses in many countries, streamlining processes and simplifying compliance. Among the various categories
The Goods and Services Tax (GST) casual taxpayer status is designed to provide flexibility and ease of compliance for small businesses, startups, and exporters. This
When it comes to Goods and Services Tax (GST), businesses classified as casual taxpayers have unique considerations to address. Casual taxpayers, by their nature, are
The place of supply concept is an important aspect of the Goods and Service Tax (GST) framework applicable to the Indian service industry. The notion
Introduction to goods and services tax (GST) GST is also claimed to be a form of indirect tax that is to be paid on the
Taxes, often referred to as the price of civilisation, have existed since ancient times, dating back to 3000–2800 BC. They have played a major role
Initially, there used to be a wide range of taxation policies, each devised for a specific purpose. The complex nature of India’s taxation policies created
The Goods and Services Tax (GST) casual taxpayer status offers significant benefits and flexibility for startups in their tax compliance journey. Startups often face unique
Understanding the intricacies of Goods and Services Tax (GST) registration is essential for businesses to comply with tax regulations. Among the various categories of taxpayers,
The Goods and Services Tax (GST) system is designed to ensure a smooth flow of tax compliance for businesses. However, not all businesses fall under
GST casual taxpayer audits play a crucial role in ensuring compliance and fairness in the Goods and Services Tax (GST) system. As businesses engage in
The implementation of Goods and Services Tax (GST) has brought significant changes in the taxation system of many countries. Under GST, various categories of taxpayers
INTRODUCTION TO GST Embarking on a comprehensive exploration into the intricacies and transformative landscape of taxation, let us delve into the genesis of a revolutionary
According to Section 2(20) of the CGST Act, 2017, a casual taxable person is a person who occasionally manages transactions involving the supply of goods
In the Goods and Services Tax (GST) era, the ‘Casual Taxable Person’ concept is gaining more significance. A person must obtain registration in the state
