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GST Enrollment Online – Login and Registration Process on GST Portal

GST Enrollment Registration Process

It’s time to GST enrollment. GST is a complete overhaul of the old indirect tax system, and what makes it even more disruptive is the fact that all transactions under GST – right from GST registration and raising invoices to file returns and paying taxes – have to be done online.

There would be no manual filing of returns, no paper invoices and no physical payment of taxes. It also means all existing assessees and those who are likely to come under the tax net, have to adopt a digital interface to interact with the tax authorities and move their internal operations to the digital space. Read More

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GST In India – History Notes Which You Shouldn’t Miss!

History of GST in India

Goods and service tax in India is a long-awaited tax regime which is meant to curb all the indirect taxes prevailing in the economy. All the Indian business units which are coming under this tax regime are said to have a transformational shift towards a better approaching tax system.

The Indian system has been discussing the GST from two decades when first coined by the then prime minister Atal Bihari Vajpayee in the year 2000. Since then the committee set up by the prime minister is been framing the GST structure under the panel. Read More

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Uttar Pradesh Cabinet Approves GST RollOut For 1 July 2017

UP Cabinet Approves GST

The Uttar Pradesh government today approved rollout of the Goods and Services Tax (GST) in the state and the same will be passed in the Assembly in the session from May 15.

The decision was taken at the state cabinet meeting chaired by Chief Minister Yogi Adityanath here.

“The revenue of the state is likely to increase after implementation of the GST in the first session of this government,” Cabinet Minister Suresh Kumar Khanna said. Read More

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Difference Between GST and VAT with Example – VAT vs GST

GST v/s VAT with Example

Want to know the difference between GST and VAT? Let’s compare VAT vs GST with the example!

The Goods and services tax in India has been implemented from 1st July 2017, and it is supposed to bring a revolutionary change in the Indian taxation system with its unique model of implementing ‘one tax one nation’ formulae.

The GST has consumed all the indirect tax including VAT, service tax, Excise duty, octroi and all another indirect form of duties which were levied on every value addition of the product thus creating a cascading effect. And for this effect, GST has implemented to take down the unnecessary inflation. Read More

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GST in India V/s Other Countries

GST in India V/S Other Countries

GST in India: The Goods and service tax has finally become real as the council and all the dignitaries have concluded over most of the laws. The taxation regime significantly has removed all the additional tax currently levied on the interstate movement of good and also the states will compensate if any revenue loss occurred in the transition.

This single tax scheme subsumes all the taxes like central excise duty, state-level taxes like VAT or sales tax, entertainment tax, entry tax, purchase tax, luxury tax, and octroi. Read More

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Understand Process of Invoicing under GST Regime in India

Invoice Under GST Regime

An invoice is a prime tool used by the government to assess and calculate the valid taxes being imposed on the taxpayers. The invoice is ascertained on the goods and service provided by the seller and is noted down in the tax file for future reference in the tax department. But the goods and service tax in India is a latest and revised format for invoicing which will facilitate the overall computation and eligibility of tax on all the invoiced goods and services. Read More

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How GST Will Impact the Lives of Common Man

GST Impact on Common Man

strong>Goods and Service Tax (GST) is one of the taxation systems which affect common people or consumers in India. Usually, all the old taxation systems in India is complicated, so it’s difficult for the common people to understand the about the GST concept.  You must know some basic points about GST before we proceed further.

Taxation Structure System in India

The Indian Constitution amendment divides the taxation powers into central and state government. Both the government have some exclusive areas where they can levy tax from the common people. Income tax is a direct tax, it is levied on the income or company profits, it is the exclusive area of central government. Read More

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