What is Indirect Tax? Indirect tax is a tax imposed by the Government on goods and services consumed. From the name itself, it can be
Category: GST Articles
Debit Notes & Credit Notes
A credit note or debit note is a legal method by which the original tax invoice can be amended or revised. The issue of the
Tax Invoice, Bill of supply, Invoice-cum-bill of supply, Delivery Challan.
1. Tax Invoice A tax invoice shall be issued only by a registered person (registered under GST) supplying taxable goods or taxable services or both
Electronic Way Bill (E-way bill)
What is E-way bill? E-way bill is an electronic document generated on the GST portal evidencing movement of goods. Copy of e-way bill is carried
QR CODE – A TRANSITION IN GST
The implementation of QR Code for GST invoices directs a strong action from the Government to fight against malpractices in GST. At the same time,
Composition Scheme for FY 2021-22
Composition scheme is a simplified form of GST, where registered persons with low turnover may opt to pay a prescribed rate of tax as GST
E-invoicing under GST
– All you need to know In this article we discuss about the features of new facility in GST i.e, E-invoicing. What is e-invoicing? Is
Are you an Exporter with LUT?
Read on… Letter of Undertaking or LUT is a declaration filed by the exporters / deemed exporters for enabling export / deemed export without payment